r/wealth

I discovered this community when I saw there were like minded individuals with similar questions and answers.

I want to provide a little context and ask for what can be my ways of growing wealth. I am 28M, recently married and no kids. I made $280K this year at my job, it is the highest I have made.

My portfolio is low cost broad market index funds, with an approximate 80/20 US/Global split. It sits at around 375K, but and here’s where I need the advice, about 100K sits as cash. This 100K was only earned in the last 3 months because of a bonus payout.

I wasn’t born into a wealthy family, nor I have a circle of wealthy people. I want to grow my wealth. My job also gives me a lot of free time to work on other projects that I can. My wife has an MBA but had to leave the previous job to move in with me in a different state. I am planning on moving to Atlanta area next January for my new job. My job will continue to pay around this much and I will easily max my 401k out every year starting in about 3 years. So I know my stock market investments will always be there to grow my retirement accounts as long as I work. No problem.

Currently my thoughts are more focused on what else can I do with the cash? Is there any other way? I would also love to know tax strategies and everything else. I honestly have no clue and it is overwhelming when I think of what I might be missing out on.

Help me with what can I do with the cash? I want to use it for maybe running a business that my wife can also be a part of but I have no clue of what else is out there as an opportunity.

I always wanted to be in a position where I have liquid capital, hence I am reaching out for advice.

I will be receiving a $2 million settlement and I’m trying to figure out how to move forward with it. (I’m avoiding giving too many details, for the sake of anonymity). While I figure out how to invest it, I’m researching ways to receive and temporarily park the money in a way that protects it while also growing it as much as possible for a short period. I’m at retirement age so I don’t have a lot of time to let it compound for a lot of years.

Yes, I will be working with a financial fiduciary, but I need to educate myself first and I would love to get advice from other others who are more familiar with the markets.

Should I trust my bank to receive it all of it first, and then move it?

Is there a smart way to split up everything at the beginning to avoid the risk of putting it all in one place just in case?

Has anyone ever done something similar and what worked for you? What do you wish you knew?

Would love any advice, stories, or warnings! Thank you in advance!

I know it’s a first world problem but 3 years ago we bought a big house. 10,000 sq ft, guest houses, tons of acres, horses, pool, and great for hunting, ATVs, etc. There is no doubt our house is the fun house and it is the house of my dreams. At our old house we had a few visitors a year, but here it’s like every weekend. Family came first, then family wanted to bring friends and now friends are bringing friends. My in laws are here the majority of weekends, I like them, but they’re moved into one of the guest houses hanging up pictures, filling the dresser, stocking the fridge, got a gun safe there too. The house has projects, so I’m working 80-100 hours a week to complete them, but honestly I’m tired of guests. Maybe it’s just been a busy summer and it’ll slow down, but has anyone else had this problem. They get their dream house and get an influx of guests with it.

I might be receiving inheritance money ( couple hundred thousand) . I’m 31 single male , what would you do if you were me in this crazy economy

If you had $130K. What would you do with it?

I feel stupid. I wish I knew more about wealth/investing. I want to learn how to save, not blow money. I don't even work, I"m studying. I am desperately pleading for ways to really secure and build money. What should I do? Put it into my M1 portfolio? Robinhood? A stock? QQQ? Crypto? I'm lost, I'm only 23. College didn't teach me this stuff, I majored in science.

My wife and I own two homes (in different countries) and split time between the two of them.

What are some random, surprise, or funny problems anybody else has run into n a similar situation?

Mine is always forgetting what I’ve left in the other house, like clothes or personal belongings.

For example: I come back to house 1 and realize that I left my favorite jeans or jacket in house 2, so I buy a new pair. Same with hair clippers or stuff like that. It gets expensive and adds up, and I hate feeling wasteful!

Now whenever I leave each house, I take a video of my closet and bathroom to remember what stuff I have in each house to help me pack or know what to bring to the other house.

Does anyone have any idea how I can make $150 asap as a student with no job, some ideas would be nice.