Hey everyone!
I'm brand new to red flag deals- I've been a fan reading the forum for a while but only recently decided to join and post. I am looking for advice on my personal finance situation. I'll do my best to outline my current situation...
I recently moved in with my boyfriend who is a poultry farmer. He pays for the rent, so my only liabilities are my car insurance and phone bill (and groceries, necessities, etc.). I was working full time in town but I now work just part time on the farm. I will soon be working for another poultry farmer part time in addition to my part time job now. I will be making about $1600 per month consistently by mid-August.
I have $30,000 saved and now invested through CIBC in relatively low-risk mutual funds. I have some bonds but mostly stocks in international emerging markets. I used to be invested in small businesses in Europe but chose to move those to the international markets last year.
For the most part, with my wage right now, I can live paycheck to paycheck with a nice hefty safety net that I hope I never have to tap into. However, our house needs some improvements and I'd like to use that money to do some renovations. I would like to spend a couple years making that money grow to help pay for the wedding and renovations afterwards.
I am looking for some advice on how to make that money work for me. What would you do with $30,000 if you had it?
Thanks for reading!
I'm brand new to red flag deals- I've been a fan reading the forum for a while but only recently decided to join and post. I am looking for advice on my personal finance situation. I'll do my best to outline my current situation...
I recently moved in with my boyfriend who is a poultry farmer. He pays for the rent, so my only liabilities are my car insurance and phone bill (and groceries, necessities, etc.). I was working full time in town but I now work just part time on the farm. I will soon be working for another poultry farmer part time in addition to my part time job now. I will be making about $1600 per month consistently by mid-August.
I have $30,000 saved and now invested through CIBC in relatively low-risk mutual funds. I have some bonds but mostly stocks in international emerging markets. I used to be invested in small businesses in Europe but chose to move those to the international markets last year.
For the most part, with my wage right now, I can live paycheck to paycheck with a nice hefty safety net that I hope I never have to tap into. However, our house needs some improvements and I'd like to use that money to do some renovations. I would like to spend a couple years making that money grow to help pay for the wedding and renovations afterwards.
I am looking for some advice on how to make that money work for me. What would you do with $30,000 if you had it?
Thanks for reading!