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What would you focus on if...?


...you were comfortable financially? I'm not talking super-rich, but say you had a good job and were doing all the right things--maxing a Roth IRA, getting your 401k match, paying a little extra on the fixed rate mortgage each month, had 12 months emergency fund, etc. Assuming no kids to worry about, what would you devote your extra resources and energy to? Would you focus on building wealth and piling up even more money? If so, how (real estate investing, business start-up, etc)? If not, what would you do?

I would definitely find something interesting to read up on and ....to catch up on more knowledge.
What else is there left to do? If you are doing what you are doing and feel you are "kinda smart about it already" and...really, there is really not much you want to do more about it...and business is a headache ...and real estate is a headache...

WHY SAVE MORE? It becomes sort of an never-ending story on the one hand. On another, it can eat you alive and I have seen folks become paranoid about savings...brrr.

Just exercise your brain. Go visit a couple of countries, spend a month or three weeks in a relaxed environment where they DON'T TALK about money much, but just enjoy their lives...and see if you could find the topic of an interest.

Then -> read up on it. Develop it and develop yourself. Dum spiru spero.

That's exactly my situation, except I am also maxing out my 401(k) (not just putting in enough to get the match), and I my cash and investments outside of retirement accounts would be enough for me to live comfortably for at least four years.

And yes, I am focused on building wealth and "piling up even more money." I save money in addition to my Roth IRA and 401(k). I have about 25% of my non-retirement money in mutual funds, most of the rest in CD's, and my emergency fund in an ING savings account. In addition to adding to those savings out of my paycheck, I never spend the interest and dividends those savings earn.

I like to live a simple life and I don't want the headaches or risks of being a landlord or a business owner; so I keep my finances pretty simple -- cash and mutual funds (a mix of stocks and bonds).

My goal is to retire in 10 years; so I'm saving all I can now.

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