Fan Nation
Forums
Forum list
Search forums
Rules & Policies
Podcast
Mobile App
Media
New media
New comments
Search media
Shop
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles only
By:
Forum list
Search forums
Menu
Log in
Register
Install the app
Install
Forums
Horned Frog Athletics
Scott & Wes Frog Fan Forum
OT: How Do You Invest Your Money?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="nwlafrog" data-source="post: 2828942" data-attributes="member: 71563"><p>From reading some of your responses to the comments, I think you have a better grasp of money management than I do so my advice is probably unwanted but here goes.</p><p></p><p>I’ll echo the recommendations of others with maxing out your 401K. I started mine late because I was too busy being a moron with my extra cash (and what was left went to a custody battle) so there wasn’t much to spread around until I resolved that issue and grew up a bit.</p><p></p><p>second, Mrs. NWLA and I had a “starter home” which we did some upgrades to. We saved what we could over time and upgraded our living situation. Now we use that property as a rental and a 3rd source of income because we both have employment. We take that money and put several hundred dollars of the renters payment into a savings account for home repair or unexpected expenses and the remainder of the payment into an investment account. We don’t spend any of that money. It can be stressful, but it has worked out well for us over the past several years. Our first home is not fully paid off, but the mortgage is low enough that we pocket a decent amount.</p><p></p><p>Save what you can responsibly, but never stop living your life to the fullest. It’s just money. You can make more of it.</p></blockquote><p></p>
[QUOTE="nwlafrog, post: 2828942, member: 71563"] From reading some of your responses to the comments, I think you have a better grasp of money management than I do so my advice is probably unwanted but here goes. I’ll echo the recommendations of others with maxing out your 401K. I started mine late because I was too busy being a moron with my extra cash (and what was left went to a custody battle) so there wasn’t much to spread around until I resolved that issue and grew up a bit. second, Mrs. NWLA and I had a “starter home” which we did some upgrades to. We saved what we could over time and upgraded our living situation. Now we use that property as a rental and a 3rd source of income because we both have employment. We take that money and put several hundred dollars of the renters payment into a savings account for home repair or unexpected expenses and the remainder of the payment into an investment account. We don’t spend any of that money. It can be stressful, but it has worked out well for us over the past several years. Our first home is not fully paid off, but the mortgage is low enough that we pocket a decent amount. Save what you can responsibly, but never stop living your life to the fullest. It’s just money. You can make more of it. [/QUOTE]
Verification
Which team did TCU defeat in the College Football Playoffs?
Post reply
Forums
Horned Frog Athletics
Scott & Wes Frog Fan Forum
OT: How Do You Invest Your Money?
Top