I am about to begin receiving a benefit to the tune of an extra $2k per month that I don’t have a need for. I’m fortunate enough that all my needs are met financially and this is truly bonus income. If it didn’t exist, my life wouldn’t change significantly, and it’s not enough to quit my job. Trying to get others thoughts on what would be good uses of this money that would benefit me and my family.
Thoughts:
- ALL_IN_VTSAX - hit FIRE goal earlier than planned
- kiddo’s college fund - hit funding goal earlier than planned
- do fun things - vacation fund, memories with family
- fund hobbies - buy things I don’t need but “lower-guilt” use of spare funds
Probably a combination of all of the above, but interested to hear the thoughts of others.
I’m also reminded of:
When you have more than you need, build a bigger table.
Curious of ways to help influence things in a bubble larger than my family too.
Work towards your retirement.
You NEVER know what tomorrow will bring. Imagine that your retirement goal is age 50 but at age 45 you get injured and can’t work anymore. How screwed are you?
If you can retire even a year earlier, then that means if you WANT to continue working beyond that date you can. But if your boss is an ass then you can walk out.
Nothing says you have to continue working or that you can’t continue working. It becomes a choice.
Imagine you retire at 50 but at 51 you are injured and bed ridden. Would have been nice to see more of the world before that happens.
Take care of you.