Hello All,
I've always been a big saver and I've always lived below my means but not to the extreme. Most of my wealth building occurred when interest rates where high so I was happy with the 6% I was receiving as I made about 60K extra on my savings. I also lucked out on a house that I sold and made 100K before the housing crashed. I moved in with my GF and luckily she has the same lifestyle as me.
All of a sudden interest rates plunged and I figured I'd just ride it out as I thought it wouldn't last this long. I told the GF to pay the house off so she/we haven't had a house payment for years. I still make about 500 bucks a month in interest. I pay 360 bucks total a month for the HOA and part of the property taxes. We also paid both of our cars off so I don't have a car payment. I figure my expenses are about 750-1K a month tops. I have about 800k pretty much all in cash. I have a 401K worth 300K in MFs. No kids.
I'm at the point where I'm tired of my job. I'd like to give it up but I need to make more than .7 or so percent but I'm adverse to any risk. I've put money in the market before but I seem to have bad timing for the most part so after I got even I bailed. The market feels a bit high. I can't decide should I move money into the market or should I just ride out the low interest rates.
I've always been a big saver and I've always lived below my means but not to the extreme. Most of my wealth building occurred when interest rates where high so I was happy with the 6% I was receiving as I made about 60K extra on my savings. I also lucked out on a house that I sold and made 100K before the housing crashed. I moved in with my GF and luckily she has the same lifestyle as me.
All of a sudden interest rates plunged and I figured I'd just ride it out as I thought it wouldn't last this long. I told the GF to pay the house off so she/we haven't had a house payment for years. I still make about 500 bucks a month in interest. I pay 360 bucks total a month for the HOA and part of the property taxes. We also paid both of our cars off so I don't have a car payment. I figure my expenses are about 750-1K a month tops. I have about 800k pretty much all in cash. I have a 401K worth 300K in MFs. No kids.
I'm at the point where I'm tired of my job. I'd like to give it up but I need to make more than .7 or so percent but I'm adverse to any risk. I've put money in the market before but I seem to have bad timing for the most part so after I got even I bailed. The market feels a bit high. I can't decide should I move money into the market or should I just ride out the low interest rates.