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We aren't happy until you aren't happy
- Joined
- Sep 4, 2015
- Messages
- 49,690
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I'll raise my hand and say I have no clue what to do with my money. In the last 18 months the joint household income has more than doubled, and we are pacing to double again in the next 12.
As of right now we have a solid chunk in the bank (some say too much) that we don't know what to do with. Own both cars and the XX free and clear, put 30k down on the 50k motorhome that is now worth 60ish, and have a mortgage on the house.
Everyone says the smart move is to role that money we have into investments of some sorts. I don't doubt that's the smart thing to do, but those of us enamored by toys aren't always known for making the smart decisions.
In the near future I'd like to get a boat of my own (currently borrow my dad's or father in law's) and a lake house with a garage to store it. Also will need to get a new car for my wife soon as we are planning on starting a family in 2022.
I think @hallett21 and I are similar in age, and this is definitely not the shit they taught us in school.
Honestly Kevin, talk to several people here, get some opinions and strategies and do some homework. There is a lot to learn from people that will give you free advice that cost them tens to hundreds of thousands to learn over their lifetimes. Obviously take it with a grain of salt, add in your own life experience and from there do what sounds most attractive.