color of money chat q: what to do with an extra $30k they found just laying around?
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Q: Extra Cash
I have been working two jobs over the past year. I just looked at my bank accounts and realize that I have saved an extra $30,000 above an emergency fund. I own a condo, I don't have any debt besides my mortgage and no immediate financial goals. I have been putting $5,500 in my IRA yearly. I know that I can increase my 401K contributions, but I have over 20 years until I can retire. Wondering what I can do with this extra cash to make it grow?
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Responses:
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VEGAS! uh, eat out now and then, adjust your budget, take a cruise -- nm
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zeitgeist
Aug 18, 12:38
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Buy lottery tickets! -- nm
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Loyola
Aug 18, 12:03
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buy a boat! -- nm
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Hotkiss
Aug 18, 11:16
2
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I don't understand waiting to invest in a 401k - either that, if options are good, or another long-term mix, are the way to go. -- nm
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b.
Aug 18, 11:06
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Plastics. -- nm
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Max
Aug 18, 11:04
- [deleted]
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Index funds. -- nm
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mara
Aug 18, 11:03
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Give it to ST. -- nm
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Spawn
Aug 18, 11:02
1
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Jesus, I want the two jobs that he is working. -- nm
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Beaker
Aug 18, 11:02
1
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