Who here is wealthy?

[bucky]

The real ballers were all banned...everyone left here are old and broke.

[Baron Von Crowder]

FWIW, there are a few that I know that are wealthy enough to live a "normal" life on investments and such, but they have no interest in being stagnant and spend their time and money making more.

I doubt I'll ever stop working in one form or another.

[War Machine]

all I got to say is CHOOOOOOFUCK'NCHOOOOOOO when the ol ladys parents die.

[Sleeper]

Mine will be an inherited wealth and even then its not much. Couple mil in land assets. Im trying to add to it buying more land when i can.

All it does now is let me scrape out a small living. Maybe 50k a year.

[slow99]

I will see your bet and raise you that they won't be asking for DFWM's advice on the subject of investing as well.

Lolz yeah. Fwiw tee shock, mine goes 401k, Ira, fidelity brokerage account.

If someone is maxing the 401k and still looking to put some back, then I'm betting they don't qualify for a ROTH IRA.

I will see your bet and raise you that they won't be asking for DFWM's advice on the subject of investing as well.

[slow99]

If someone is maxing the 401k and still looking to put some back, then I'm betting they don't qualify for a ROTH IRA.

[AdamLX]

Lol, everyone here does that...

I assumed everyone maxed by March here.

[SMKR]

I'm referring to those who have limited liabilities and an abundance of profit generating assets.

Who makes enough on investments(assets) to live without a 9-5.

I would like to hear the stories for those who have escaped out of the rat race, what did you invest in, stocks, businesses, real estate, etc. Care to share your story? I, like the high majority of Americans, have been putting too much money in the liability column and I would like to shift it to the asset column.

<-------------- not financially wealthy.

The people I know that are wealthy are either business owners or inherited their wealth.

[SMKR]

Our day care is 2 times our cheap house payment.

one of the main reasons we left the metroplex (Flower Mound) was childcare costs. After #3 started at daycare our monthly child care costs were $3300/month and that was it for us.

[Roscoe]

This. If you haven't maxed out your yearly contributions....

Lol, everyone here does that...

[YALE]

Put more in the 401k.

This. If you haven't maxed out your yearly contributions, don't mess with anything else.

[Taylor]

Not me.

[slow99]

What is my best investment option outside of retirement, stocks, or cash? Instead of paying more than 6% into my matched 401k I was thinking of putting an extra 10% somewhere else like a good yielding life insurance I can pull after a few years.

Put more in the 401k.

[KBScobravert]

I hear ya.. Little over $1300 a month in child care, two kids under 3.

I love my mother-in-law even more at the end of the month when I didn't have to write a check to a daycare. She won't even use the money I put in an account for her expenses she incurs watching our daughter everyday while the wife is at work.