I can not beleive how hot it’s been the last few days here in New Jersey. For example, at midnight last night the temperature was 85 and humid as all heck. Today we are looking to reach 100 degrees and I’m going to celebrate by being an idiot and going out to play golf. It’s always a good idea to spend 5+ hours out under the sun during record high temperatures wouldn’t you say? But I don’t get to play golf much these days so bring it on!
When I was thinking about what I would write in this post I wanted to try and relate this heat wave to my real estate investing some how. After about 10 minutes, I realized that I hate when other bloggers/writers do things like that. It is so very cheesy and only seems clever to the person writing it. So I’m not going to do that and just talk about money.
One of the biggest unanswered questions I have in my life is what to do with the money I have in my savings account. I’d like to invest it somehow but I’m not sure what to do with it and I am afraid I’ll do the wrong thing and lose it. Anxiety anyone?!? I hate that overwhelmed feeling when I’m about to start something new.
I’d like to invest in things that I’m interested in like real estate, technology and sports. Tech stocks seem right up my alley because I’m always browsing the latest and greatest. I also think that would lead to great topics for me with regard to affiliate marketing but that is a topic for another post. Here are some investment avenues that I have interest in exploring…
- Roth IRA
- Technology Stocks
- Private Money Lender
- Rental Property
I guess the best way to start out any investment is to determine what I want to get out of it and then I can make a better determination about what I should be doing. So, I’ll start now and list a few goals that I’d like to achieve from investing my money.
- Buy a house worth between 600k to 700k (NJ home prices are ridiculous) within 5 years
- Future kid(s) college fund
- Emergency Fund that my family could servive on for 1 year if needed
- Retirement Accounts
Sure, those are fairly general goals and over the rest of the summer I’m going to try and be more detailed. Being more detailed will help me setup a plan of attack and will guide me towards which topics I need to learn more about.
What I do know is that leaving my money in a savings account just isn’t going to get me to my money goals. The only “investment” I currently have is through my job’s 401k. I contribute about 10% of my paycheck to it. That isn’t enough.
I also wanted to announce that I’ll be joining the Diva Monday Club next week so i can put myself in front of other people with similar goals. Shae and Steph this is your warning, so hide the women and children..
How is everyone else managing/investing their money?
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