Tilted Cat Head
Administrator
Location: Manhattan, NY
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I haven't the foggiest idea. I'm trying to generate different revenue streams so that I have multiple ways of generating income. This is the ultimate diversification.
I try to invest in things things that will generate more income for me, thus I have been buying property that generates rental income. If the rental doesn't produce enough money, I can sell the house and realize the increase in value from what I paid for it.
I try to invest the maximum into my 401k. I should have over the years, still contributed to a Roth IRA or any IRA but I haven't.
I also have a small pension from an employer that I rolled over into an annuity. If you are a union type, you should be looking at long term 20 year plan to get your pension.
how much? I don't know, I just know I'll need more than what I know I'll be able to save for, so I'd like my money to grow and spawn more money.
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I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not.
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