I’m currently of the mindset that Girl Ninja and I have enough job security and enough liquid assets we can afford to quit saving money. It’s a fun place to be in for sure, but it is also extremely intimidating. Throwing excess income in to a savings account each month takes virtually no effort. Investing money in short-term investments, however, requires one to be much more proactive.
I could take the easy way out and just increase our retirement contributions to some insane amount, but that doesn’t really help us much. Sure, we’d be super rich when we are all old and wrinkly, but what good does that do my 40 or 50-year-old self?
I’ve said it before and I’ll say it again…
- I’d way rather have $1,000,000 waiting for me on my 50th Bday (side note: today is my 28th birthday) and $2,000,000 in my retirement accounts, than just having $5,000,000 waiting for me at 65.
That’s just me though.
Maybe you’re different? Who amongst you ACTUALLY is being proactive about investing in shorter term assets? Throwing a couple bucks at some random stocks isn’t what I’m talking about. Strategic, consistent, and significant allocation of discretionary income is what I’m looking for.
If you don’t, why not? If you do, what specifically have you chosen to invest in?