I am 37 this year. Married with 2 boys, 6 and 2 year old
My wife not working and take care of our children
Recently I have been feeling very fan , keep thinking money not enough to bring up our kids , I had a job which I don't really like , I am still here because I need to bring home an income to support this family.
I need advise from u. If now 1 got 100k in FD, how to make better use of it. Thanks AK
I LIKE YOUR BLOG
Welcome to my blog. :)
While keeping a look out for a better paying job which you might enjoy more, think about how to reduce expenses at home and increase income in other ways. Make sure that the ways you have identified to increase income involve doing things you enjoy or at least don't dislike. Of course, if you do this, what you have will be more savings. Having more savings always makes people feel better.
Ask if that $100K in FD is your emergency fund. At age 37, you should have an emergency fund that will cover regular expenses for 12 to 24 months. The excess, if any, you could invest for income. You might want to split the excess into half, investing half now for income and the rest for in case the stock market crashes. Which stocks to invest in? I will leave that to you. :)
1. Greater financial well being is not beyond us.
2. How much should we have in emergency fund?
3. Free "e-book": Do not depend on wage increases...