I have a confession to make.
for the past 4 years, I’ve been stashing lots of cash building up my retirement accounts. 3 years in a row I have managed to max out my retirement accounts with $18,000 per year($12,500 in Simple IRA and $5500 in traditional IRA). Three years ago there wasn’t much left after I stashed 18 grand away, so I left it at that and didn’t look too much into what else I could invest in. But slowly I am getting raises at work and paying off debt(mostly low APR student loans). Life has thrown me a few curve balls and I haven’t been attacking my early retirement plan with the same intensity. It’s been on auto pilot. I’ve been upgrading my life here and there. I bought a $6500 2006 Saab 9-3 to replace my dying corolla when a $3000 Saturn, cobalt, etc. would have done fine. I gave my ex girlfriend a lot of items I had built up (kind of like a divorce I had some control of). I bought a new $400 TV, put together a full theater system $750(I love music as I am a musician) and even bought a $200 Takamine acoustic guitar to hang on the wall in my office and occasionally play. My beer money has increased as I enjoy the finer, rarer, double imperial stouts and such. Even still, my savings account keeps growing as I stash 18 grand on auto pilot. This autopilot system looks at a 10+ year sentence till retirement. It’s time to stop the stagnation, time to stop upgrading my life and start attacking my 11 year work sentence from different angles. Time for new investment avenues, and new streams of income.
I’m thinking about starting a YouTube channel and eventually selling items on this website or Amazon, like coffee mugs, T-shirts. I’m also considering investing through lending club. More to come soon.
If I still have any readers, I know I’ve been slacking like a bastard, any ideas on investment avenues and new streams of income? Let me know below what you’re doing.