i am 33 no kids make about 4thousand a month i started my 401k they match 30percent to my 7percent that i get taken out my check ok what els should i do as far as investing i have a house. planning on moving i want a bigger house i lived here for 5 years that was the goal and after that i wanted a bigger house.what els should i do.
2007-09-09 12:07:15 · 4 answers · asked by minnie-me1053@sbcglobal.net 3 in Business & Finance ➔ Personal Finance
i want something that compound add interest to make more money
2007-09-09 12:18:22 · update #1
ok ken i went to your site you will be hearing from me soon
2007-09-09 12:25:45 · update #2
my hobby is making furniture out of salvage i need more space and as the kids i never wanted any and i am not trying
2007-09-09 12:27:55 · update #3
and yes i have a saving thtas all i do is save i work 6 days that last day i am tired i stay in the house
2007-09-09 12:30:54 · update #4
i am sure i make more than 4 thousand may be right 5
2007-09-09 12:32:33 · update #5
Don't know if you've ever heard of Clark Howard, he has a nationally syndicated financial talk show.
Here is a link to his website with suggested saving ideas, Ira's, Roth's, stocks, mutual funds, etc.
He's not trying to sell any particular plan or company, he just breaks it down in plain English to help you make the decision
http://clarkhoward.com/shownotes/category/7/76/356/
2007-09-09 13:40:50 · answer #1 · answered by Tina B 4 · 0⤊ 0⤋
Do you really need that second bigger house? If you make it too roomy and comfortable, the kids will never move out!
Do you have a rainy day fund -- 6 months worth of living expenses tucked away in a savings account.
And if you're planning on getting a bigger house, saving for more downpayment might be good idea too.
2007-09-09 19:23:00 · answer #2 · answered by bdancer222 7 · 0⤊ 0⤋
Whether or not you do should do anything is really determined by whether or not your current plans have you on track to meet your financial goals.
If you want to retire at 65, you may be doing more than enough. If you want to retire at 50, then it might not be enough.
If you want to give me your retirement age, current annual 401k savings with match, estimated rate of return, and desired lifestyle in retirement (in a "per month" spending estimate in today's dollars, I can give you a better feel for where you are at.
Ken Clark
Certified Financial Planner
2007-09-09 19:20:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Have you thought about commercial real estate? Or what about the stock market or an IRA?
2007-09-09 19:15:28 · answer #4 · answered by Anonymous · 0⤊ 0⤋