What is the best way to Invest your money when you make $10,000 per month tax fee?

I am 24 years old i have a wife and 2 children which are 5 months old little girl, and a little bou who is 23 months old.

Tax Free? Well, assuming it's not illegal, then I would put 50% in an indexed mutual fund, 25% in an international fund and 25% in real estate.

Send it to me.

Rental property:

Or real-estate. Buy land...limited resource.

If you are making that much money you need a financial advisor and not Yahoo Answers. Check the National Association of Personal Financial Advisors (http://www.napfa.org )

Financial advisors are the generalists in the field of money management. A financial advisor (also referred to as a "planner," or "CFP" -- Certified Financial Planner) assesses your overall financial picture, with an eye on your investments, savings, debts, insurance, and other big areas of your money life. Some are equipped to offer estate planning advice or input on your tax situation. Many make investment recommendations such as mutual funds or even specific stocks. The best ones can objectively put your finances into context and help you arrive at the best money moves for your future.

A financial planner can help you answer questions ranging from "should I refinance my house" to "is it time to sell this stock?" Most CFPs can:

* Answer specific questions
* Organize and orient your overall financial picture
* Shed light on budget realities and provide tips to reduce spending
* Assess your retirement savings
* Furnish a much-needed wake-up call regarding your debt or retirement savings
* Check to be sure you have all of the basic insurance you need and if there are other holes in your financial plan
* Make mutual fund recommendations

The average cost of advice from a financial advisor starts at around $175 an hour (depending on where you live and the advisor's credentials, of course).

For more information check out http://www.fool.com/fa/finadvice.htm

look into real Estate, and investing your money, you should call in to that show they have on Radio about money, sorry I don'r remember the name of it

Best way to go about investing your money would be seek advice of financial planner. As someone mention earlier. There so many ways to invest your money without being penalized. Ira's, education, retirement, etc.

In addition to seeking the advice of a financial adviser. It would be very helpful if you research on your own, to educate yourself even more. Type in the search engines investing, financial services, etc. There are plenty websites and resources available to inform you.

I'm assuming you are a business owner. There are great benefit to being a business owner. Just be sure that you are claiming everything, so you can deduct as much as possible. The more deductions you have, the less you pay back. Be sure to have a good accountant as well that can advise you how to draw up your business. Either LLC or Inc. will depend on the type of business you have. You could also hire your children as employees, there are deductions for that as well, especially towards education.


Good luck and way to go. It's great that you are 24 years old and headed in the right direction.

$10K tax free sounds fishy, but if it is all on the up and up, take that kind of income to a wealth management arm of a large bank or brokerage. If the income is tax free or tax deferred you may be able to shield your profits from taxes, too. But it is a complicated process, so call on a professional.

Yes give half your money to me and you won't have to worry about what to do with it.
Nothing wrong with the stock market if you have the time to get to know what is going on there. Luxembourg is paying well and hiding the records so you won't be taxed. It may go to help buy explosives to blow up people but who cares. Honestly there are so many places to invest money it would be very difficult to say what is the best. If you don't have time to learn about different options then CDs are safe and pay reasonable returns.
I hope you do well and make a fortune.

First, I would make sure you have at least 3 months salary saved up in the bank or in a money market fund for an emergency fund. (Some people say 6 months.) Financial disasters like getting layed off or sick happen to all of us.

Second, I would pay off all high interest debt. Pay off everything you can except the house mortgage and student loans. Paying off debt is one of the best investments you can make. You will have more money in the future because you won't have credit card bills to pay.

Third, if you have money left, start investing in stocks, bonds, and money market funds. You want to buy a diversified portfolio of stocks, as individual stocks are too risky. For most folks this means buying mutual funds. I like Vanguard.com, other people like Fidelity, TIAA-CREF, and DFA. Buy no-load, low cost funds. If you are like most people you will invest part of your money conservatively, in money market funds and bond funds, and part aggressively in stock funds. Vanguard.com has an on-line questionnaire which will give you an idea how aggressive you want to be.

Investing in a mutual fund IRA for retirement may give you an income tax break. Talk to your tax adviser. You may also be able to invest in a stock mutual fund via a 401K plan at work. Buying a house instead of renting will make you a lot of money in the long run. If you like the idea of being a landlord, you may want to consider investing in rental property, but being a landlord can be a pain. You also need to buy disability insurance and a large term life insurance policy.

Believing advice you get on Yahoo answers can be risky, so read these websites for further information. If you find it too confusing, contact a professional financial advisor. They will charge you significant commissions, however.