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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

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