Hello!
I've always been taught the importance of saving money. Now that I've reached $100k in my savings, I've just realized I am absolutely clueless about what to do with this money. I am now wondering if there is something better I can do than letting is sit and collect interest slowly in my saving account. I do have a financial goal of creating a stream of passive income eventually.
Should I:
- Invest? If so.... stocks? Real estate?
- Do nothing?
- Contribute more into my retirement?
- Do you have recommendations on books/resources/articles for me to learn more?
What would you do?
About me:
- 30 years old, single, no kids
- $130k in my retirement savings (Roth IRA and 401k)
- $100k in my Bank of America savings account
- No debt
- Relatively balanced life--I'm frugal but spend on hobbies, traveling, and regularly give back to charity
I tried googling "what to do with savings" and most articles suggest creating an emergency fund and contributing more to retirement. What do you think?
Submitted September 29, 2019 at 07:06PM by PeskipiksiPesternom https://ift.tt/2m8GAy9
