We are a young family (mid 20's) who own our home and have two young children. My husband is getting a large promotion- bringing in about 25K more a year in salary and about another 25-35K a year in bonuses. We have a bad rap sheet of blowing extra money when we get it. With two kids now, and planing a third one we want to be more responsible with the way we spend/save/invest. What ways would you suggest we invest this extra income that we will have? We really know NOTHING about investing money. I'm interested in anything from the best ways to save for our kids' college to our retirement and any other smart investments. What are the safest ways to invest? I'm not so concerned with earning money back quickly, but about the safest way to go. If I invest 30K in to something tomorrow I want to know that in 5 yr we can get that back plus some, or worst case scenario, break even!
Also, we do not have any payments except our mortgage. All credit cards and vehicles are paid in full.
2007-02-10
15:16:34
·
13 answers
·
asked by
.
4