Disappointed in my savings rate?

Question

So ive been saving for a couple years now and I just feel like its stuck and its so slow. I only have $10,000 out of all the time and energy ive wasted. Im putting away each month EVERYTHING I can. Even going without eating. What should I do to get this thing going?

Answer 1

Favorite Answer

Oh Good Grief! Savings is a terrible place to be! If you have no plans for the money in next 5 years; invest it. Short of telling you how to invest; I'd ask someone that you trust or the investment brokerage you place your money with....Fidelity, USAA, Vanguard...go with someone big....you'll get less self-serving advice that way. Banks and people like like that will likely recommend High commission stuff. Go with a brokerage firm!

Answer 2

Invest...don't keep it in savings...

Answer 3

LOL, troll. You know $10,000 is a nice chunk of change, and I doubt you have skipped many meals.

Answer 4

Life is tough. Then you die.