3 ms·
My mom has low five digits in terms of retirement and her husband recently suffered from an Ischemic Stroke which left him paralyzed on his right side. We grew
by mrburton 7y ago
My mom has low five digits in terms of retirement and her husband recently suffered from an Ischemic Stroke which left him paralyzed on his right side.
We grew up poor, and no one in my family was financially literate. There was never talk about investing money. I wish more families and the school system made people more financially literate.
All that being said, I started to work on an action plan to ensure my mom doesn't have to spend her "golden" years struggling. I much rather fight now, work hard, and hustle than watch my mom spend the latter half of her life struggling.
So what's my action plan?
a) I am taking off of work for a few months to help her sort out her money situation and calculate how much she'll need to survive.
b) Investing my funds in stock in "reasonably stable" companies like Amazon.
c) Working on a side project that I hope will help bring in additional money for my mom and also help others break into IT.
e) I invest in my 401k + IRA to ensure I have some funds in my older age.
I'm confident that I'll figure out how to take care of my mother and also my retirement. It'll be a grind, but that's a life I'm use to living.