also a home with $400k equity. Just wondering cuz I am looking for a new job in a new city and feel pretty stressed. I am proud of how i saved and grew the money but I can't talk about that in an interview...lol.
2007-01-30 13:20:06 · 9 answers · asked by keepingitgoing 2 in Business & Finance ➔ Investing
dude...you are killing it compared to most of america and the world...compare yourself against reality, not reality tv, quit asking silly questions....the vast majority of anyone reading your question would quickly swap financial situations with you.
STr8Talk
2007-01-30 13:25:34 · answer #1 · answered by Anonymous · 0⤊ 1⤋
If you plan on living a reasonable lifestyle that should make you fairly comfortable in most areas. Big cities maybe not so much with higher cost of living. At age 40 you should be able to move and get into a lower paying yet lower stressing job and still be fine.
2007-01-30 16:02:34 · answer #2 · answered by darrenwelsh429 2 · 0⤊ 0⤋
Assuming you're planning on working another 20 years or so, you're in great shape. However, you have an awfully lot in cash. After maxing your qualified plans, you may want to consider putting some of that into an annuity or 529 (if you have kids planning on college) for tax deferral. Between taxes and inflation, anything else will have you spinning or wheels or moving backward.
2007-01-30 18:49:58 · answer #3 · answered by Rob D 5 · 0⤊ 0⤋
Yeah, keep your personal finances personal. But as to the cash, if it is really cash, you should not feel very smart. Cash equivalent is OK, like liquid traded bonds or Cd's or something, but if you are just sitting on it and making nothing, for sure do not let your future employer know that at all.
2007-01-30 16:44:24 · answer #4 · answered by ZORCH 6 · 0⤊ 0⤋
You are lots better off than the average bear, if this describes you.
This would be important only if you are looking for a job as a financial advisor or something like that.
Of course, few employers want to hire someone buried in debt.
2007-01-30 16:11:41 · answer #5 · answered by Richard E 4 · 0⤊ 0⤋
Yeah, that looks really good, but I'd invest most of the cash that's just waiting to be invested.
2007-01-30 13:59:10 · answer #6 · answered by zander1331 3 · 0⤊ 0⤋
You have WAY TOO MUCH CASH....start investing that money....at least buy some CDs!
2007-01-30 14:11:33 · answer #7 · answered by Anonymous · 0⤊ 1⤋
Yes, I would feel good, why do you wanna share?
2007-01-30 13:28:37 · answer #8 · answered by Claire 3 · 0⤊ 0⤋
call me
2007-01-30 13:44:00 · answer #9 · answered by curious_e 4 · 0⤊ 0⤋