Goal: Want to be financially independent in 5 yrs.
Background: 45 yrs old and wife is 43 (wife doesn’t work).
Two kids: 9 and 8 yrs old (No educational fund at this point).
House: Principal residence is paid off, also one rental property already paid off (current value is about $300K).
Investment: $200K in 401K and $800K in cash savings.
Work: I can save $100K per yr at my current job, but don’t like work environment, kind of burning out.
I like to get some suggestions on how to achieving my goal. My ears are wide OPEN and ready to listen.
Background: 45 yrs old and wife is 43 (wife doesn’t work).
Two kids: 9 and 8 yrs old (No educational fund at this point).
House: Principal residence is paid off, also one rental property already paid off (current value is about $300K).
Investment: $200K in 401K and $800K in cash savings.
Work: I can save $100K per yr at my current job, but don’t like work environment, kind of burning out.
I like to get some suggestions on how to achieving my goal. My ears are wide OPEN and ready to listen.