Asked 4d ago
Buying in into Seedly company
Build a shelter for stray 🐈
Invest for passive income 💰. It's relieving to know you have money to spend every month without even lifting a finger for it.
Keep some cash on hand, then
Buy into reits for passive income
Buy into zeppelin and co or jaben (need to convince owners to sell me some interest in their holdings)
Pump into my Td account and yolo on some lotto option contracts on TSLA. Use some to trade responsibly.
Max SA every year for my daughter once she's born
NOT buy into UTs or ILPs
At my current life stage, I would...
Save: 30% (Near to mid term liquidity instruments)
Invest: 50% (Split into Growth - Index stock ETF and Dividend distributing stocks for long term)
Spend: 20% (Because life is too short at times. Focus on experiences, family, friends)
I would put the whole 1 million in a dividend stock of hopefully 5-6%! That will be about $4-5k per month of passive income! Heh.
300k for housing / renovation etc (coz previously transferred OA to SA, current bal is low 😅)
120k to distribute among family members
80k to spend & maybe to start an online biz
50k for donations
200k for savings
250k for investment
Hi, for me. I would give half to my parents for raising me. Then, I would take 10% of the remaining to use on myself, improving myself, upskilling etc.
Then, I would take $200k of the remaining to donate to charity, be it for the elderly or animals.
Then, the $50k of the new remaining will be used for investment.
The last $200k will be used to create a better future for the next generation. E.g. creating a sustainable future, preserving nature, etc.