Hello all,
I am a 23 years old. I purchased my first home three years ago and have an outstanding mortgage at 5.75% fixed 30yr in the balance of $125000. I do not carry any credit card, car loan, or debt of any other type and have a reliable means of transportation.
The question that eats at me regularly is: where to from here? I have a small savings (approx $15k), no higher education, and no retirement plan such as a 401k or IRA. I currently hold my savings in a brokerage account that invests in municipal bonds returning approx. 3.5% tax free, but am completely at a loss regarding ideas to bring in passive income or plan for retirement. I only know I desperately want to layout a plan and begin making progress! Please help!
In my short time lurking I see this is a fantastic forum full of interesting, passionate people. Kudos to everyone for participating in this community and I hope to be welcomed into the ranks!
I am a 23 years old. I purchased my first home three years ago and have an outstanding mortgage at 5.75% fixed 30yr in the balance of $125000. I do not carry any credit card, car loan, or debt of any other type and have a reliable means of transportation.
The question that eats at me regularly is: where to from here? I have a small savings (approx $15k), no higher education, and no retirement plan such as a 401k or IRA. I currently hold my savings in a brokerage account that invests in municipal bonds returning approx. 3.5% tax free, but am completely at a loss regarding ideas to bring in passive income or plan for retirement. I only know I desperately want to layout a plan and begin making progress! Please help!
In my short time lurking I see this is a fantastic forum full of interesting, passionate people. Kudos to everyone for participating in this community and I hope to be welcomed into the ranks!