Currently in a mid-life crisis state I guess and don't know where to begin.
My husband and I are 35. We have about $2M in HYSA's (4.2%) and short term CD's (2-4 month @ 5%). Paid off home that's worth about $1M One car loan that's $1200/month (plan on selling this to get out of a payment) Two kids under 8 Monthly expenses are about $5-7k
We are currently trying to figure out if we are capable of retiring, or figuring out another way to make more money off of our current cash.
Debating on purchasing some RE to rent out. Small homes in our area are around $400k, pulling in about $2500/ month in rent.
Any advice is greatly appreciated! What would you do? submitted by /u/BaaBaaBlackSheep9
[link] [comments]
My husband and I are 35. We have about $2M in HYSA's (4.2%) and short term CD's (2-4 month @ 5%). Paid off home that's worth about $1M One car loan that's $1200/month (plan on selling this to get out of a payment) Two kids under 8 Monthly expenses are about $5-7k
We are currently trying to figure out if we are capable of retiring, or figuring out another way to make more money off of our current cash.
Debating on purchasing some RE to rent out. Small homes in our area are around $400k, pulling in about $2500/ month in rent.
Any advice is greatly appreciated! What would you do? submitted by /u/BaaBaaBlackSheep9
[link] [comments]