I just found the mustachian way yesterday, and we already live most of the basic rules. What I’m not sure about is how best to use/invest/etc the money we have. Here’s some background on us:
My husband and I are doing pretty well. We’re in our late 20s, graduated from college, and have about $80k savings (a little less than 50% of each paycheck goes straight to savings.) He has a federal govt job that he loves, and I stay home with our baby. We rent a house 4 miles from work (can’t live closer – there’s a national forest in the way.) Our little town is 1 hour from the nearest grocery store, so we drive down once a month and stock up. We love where we live and plan to be here a long time.
That $80k of savings is sitting in a crappy money market account, making almost nothing. Not ideal.
Some options I’m considering:
* Let it keep accumulating in the MM until we build a house (can’t buy one here, none for sale. Building will cost plenty though, since everything has to be shipped in. We do want our own house though.)
* Invest in the stock market (maybe a total index fund?)
* Buy a rental house (in that city where we buy groceries – the rental market is great there!)
Any ideas appreciated. Thanks!
switch2richnow 