Thursday, December 21, 2006

It's time to get rich

We've decided it's time to get rich.

Lotto winnings would be nice, but since we don't play it's not a viable option. Neither is gambling since:
1) We suck at it and
2) We don't enjoy it

So that leaves earning and investing, I'm afraid, and we're getting serious about it. In the past year or so, we divided up our old 401(k)s with our practice spouses (as required by the courts,) bought life insurance, transferred our 401(k)s into SEP-IRA accounts and have those invested in a nicely diversified and fairly aggressive portfolio of low-cost mutual funds.

Then today I opened a new savings account at HSBC Bank, an online bank that's fully FDIC insured. They're paying nearly 5% interest on regular savings accounts, which beats the hell out of the 1% (or less) Bank of America pays.

Bring on the wealth!

4 comments:

Sonnjea said...

Good job! I hope 2007 is a very prosperous year for you!

Next Stop Oregon said...

I haven't forgotten about those bmw's! We gotta work hard at this!!

Sonnjea said...

Mr. Fix-it was just talking about the BMWs last night. What is WITH you guys??

Steve said...

Did I mention we test drove one?

Shiny!