Okay so it’s not a mattress but a proverbial mattress.
- I’m 32 (single and no kids) make 50k a year.
- I currently have 45k in ETF stocks (my dad set up this account 5 years ago when he discovered all my money just sits in a savings account. I don’t understand investing.)
- 50k in Ally savings account at 1.6% interest.
- My company matches 5% on my 401k so I have some money in there (been putting 5% for the last 6 years), but I have no idea how much.
- 8k sits in my checking as emergency money.
- Rent is 800 dollars a month (I have roommates). I spend about 1400 a month on other bills, travel (I travel once a month), eating out ect.
- No loans or debts.
- I save about 500 dollars a month but just throw that into my Ally account.
I currently live in a wealthy US suburb. I honestly have no financial goals or dreams, but enjoy travel and rock climbing outside. No idea what I want to do with my life.
I’ve read the forums but it goes over my head and it overwhelms me. Should I hire someone to deal with my money since I don’t understand it? Is that worth it for someone with assets like mine?
Other people says I should just buy a house? And other people say I should just invest more. Everything seems scary. I don't anything I have to maintain or think about.
Submitted June 01, 2018 at 04:50PM by TheLittleWanderer https://ift.tt/2kL8E6x
