Quote:
Originally Posted by particlewave
I'm 34, my child will be starting college in 5 years, and I am currently in college with 2-3 years to go. Tuition eats up most of my pay, but I've managed to squirrel away a little bit again and am tired of it sitting when I know that there are better things that I could do with it.
All good advice and most are ideas that I've mulled over. The best advice that I saw was speaking with a financial advisor. Thanks for the opinions! 
It was just a hypothetical.......And I did that already 
I'm thinking of selling her, though...more to invest. |
This is actually a pretty easy question. In order:
1 - Have 6 months of living expenses in a savings account. If you don't have this already, do it and maintain it.
2 - Pay off any high interest debt (credit card, car loan, etc.).
3 - Fund a Roth IRA annually. Invest in a mix of bonds + stocks. I recommend the Vanguard Total Stock Market fund and the Vanguard total Bond market fund. Maybe 35% bonds/65% stocks. Keep the funds forever, add every year and don't look at them more than once a year.
Only after you've done all three of those things should you even contemplate some of the other suggestions on this thread.
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