I’m currently 30 years old living in Southern California. Looking for advice on how to best manage and invest what I have moving forward.
Currently married, no children at the moment, own a home (approx. $395K remaining on loan), have about $40K in savings, and $240K in my 401K. I invest 22% of my income in my 401K and the rest goes to savings, bills, or small home projects.
Our home could use a few more significant upgrades, but not necessary to continue being comfortable day to day. It would take about $25-30K to knock out the “to do” list.
Any advice or tips moving forward? Would you keep the savings liquid for a rainy day? Throw a chunk of it at the home loan to pay off the house faster? Invest it in….? Change nothing and continue down this path?
Brief background: I started a job in the trades at 20 years old (which I still have), and lived with my parents up until I was married. Without that, there’s no way we would have been able to purchase a home where we’re at. Thanks in advance!
Submitted August 20, 2024 at 01:46AM by MaizeEasy https://ift.tt/dEciUC4
