Quote:
Originally Posted by R8RFAN
I have 150k cash
I have about 250k in my 401k
My house and cars are paid for
I am 100% debt free
That's my portfolio , Not glamorous but I am happy
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You're obviously doing great in many ways. We've all seen the depressing statistics about how 45% of America couldn't meet an unexpected $400 expense or whatever. Just awful.
The problem with cash, even if it's earning 1%, is that it's losing purchasing power due to inflation. I'm making these numbers up, but your 150K will be worth, say, $125K in ten years, 100K in 20, and 50k in 40 years. That sucks, but it's reality.
So you really need to make it work for you somehow, even if only to keep up with inflation. Preferentially to get AHEAD of inflation of course, so your money makes you money.