I’m mid 30s with a family. I have some cash, but other then ibonds, I don’t see any options that excite me for wealth building.
Throw it all in the stock market? I’d like to do something over the next 20 years but i guess just a w2 is all I can think of at this time. Seems lame.
I’m watching the founder about ray croc. Ralph Waldo Emerson said, “You are what you think all day long.” Well ever since I was in high school I just wanted an easy life. Well, I have it. 2 kids. Stay at home wife. House. Etc. I feel I can accomplish anything I want but there isn’t anything I really want. My day to day life is easy. Almost zero stress.
But I see people with businesses, lake houses, and I think I would enjoy it. I’d hate to waste my time here and not accomplish something really great. And I’d kill for a house on the water.
So do I push myself into a wealth building endeavor I am not passionate about all for the sake of making more money?
Stock market it is. I don’t invest in residential real estate because I’m against it. I could see not wanting to be a land lord as well.
Just buy shares of VTSAX or some other broad based low cost index fund.
If you don’t want stress don’t be a landlord, trust me. There are a million and one things that could go wrong that would stress you out.
Be careful what you wish for. Trading contentment for jealousy/envy rarely ends well. You already have it good/easy; why are you looking for trouble? This is no different from the guy who has a wonderful wife and one day feels “bored” and is looking for “excitement” and winds up with an affair and divorce.
Your time on Earth is not wasted. You have a family. Your time with them is precious. People will remember you for the impact that you had on them, not for what you own or didn’t own. No one at your funeral is going to say, yea he was nobody because he didn’t own a lake house. Being a great parent/spouse is the best thing anyone can do. That accomplishment, on the other hand, will be remembered and spoken of at your funeral.
It sounds like you’re thinking about buying a job. Not usually a good idea. Successful investors typically have a background in a field that they are passionate about, and they stay in their lane. Getting involved in more active investments just because you see it as a means to a lake house probably won’t end well. Invest your money in the market. Figure out what you want to do with your time and what projects you might like to get involved in separately. Reevaluate where you’re at a little further down the road.
So save up for a house on the water. It’s just owing two houses, which you’d be doing anyway if you became a landlord.
I don’t like real estate because it is illiquid and it dampens my cash flow when it’s not rented or some breaks. But nobody knows what the future holds. Stocks and bonds could suck while real estate rises or vice versa. Or every asset sucks except cash like right now. Wealthy people diversify. You could have real estate exposure with REITs but I find they tend to correlate with stock movements.
I think that one finds something interesting when they know about it. So if you studied up about the market, pretty soon you would gain knowledge and start to enjoy it. If you started to collect and study coins (I’m not suggesting it, just using it for illustration!) then pretty soon you would find them interesting. Investing in the market is a good one for you, because it doesn’t involve digging ditches or repairing running toilets
Stock market and real estate are not passions of mine, but getting richer is 🧐
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