Question

My name is Felicia McMillian, and I was referred to you by a friend. I have a question about what I should do with my money. I've been working as a pharmaceutical sales representative for just two years now, but I've already started investing a little bit of my money. Right now, I have a checking account, a money market account, and I've started buying small bonds. I am beginning to earn a little more money, and I'm starting to think about future goals, like buying a house, helping my kids pay for college, retirement. . . all things that are more than 10 years down the road. What would you advise me to do at this point?

Answer 1

I would say to keep investing also since you have already started out investing and buying bonds. You should buy property and rent it out it would bring a lot more income into your home. Also if you want to be well off for your kids, have multiple streams of income at least 6. So if you have the funds and opening your own business is something you are interested in I say don’t do it during quarantine because materials are limited. I’m young and haven’t done much so I can’t really give you much advice but I hope this is helpful.