“My wife and I are both 28 with good, but not great jobs. We haven’t started a family yet and are wondering if we shouldn’t be doing ‘something’ on the side now to help our financial future later – maybe even help us get wealthy?”
There are four actions that immediately come to my mind that you should explore:
· Slam your 401(k) – put so much in that it becomes a bit painful
· Start a business – something you’ll enjoy while making money
· Rental real estate – not easy, but potentially very rewarding
· Education/training for a great job – get qualified for something better
Each of these very different approaches will appeal to a certain type of person. Take the time to explore what type you both are and select one (to start) and put your energy and talents to work.
If you have questions or comments, please send them to Gene@AskMtM.com