Steve is 51 years old. He hates his job and has $250k saved up that he really doesn’t know what to do with. $150k of it is in a self-directed IRA and the other $100k is in the bank. He owns a rental property and a personal residence – both of which still have mortgages.
Steve has mentioned going on a 1-year sabbatical to volunteer internationally, and has also toyed with the idea of starting his own business to free himself from the job he hates, but doesn’t want to do anything that’s going to sabotage his future retirement.
- What should Steve do with his $250k?
- Should Steve start his own business and/or take a sabbatical?
What do you think?
Steve, I’ll give you my response in the video below, but I’ll leave it up to my readers to agree or disagree (Readers: share your thoughts in the comment section at the bottom of the page). Best of luck to you!!
Links referenced in video:
- One of my top articles: “Are You Saving Enough For Retirement?“
- My free step-by-step guide to starting your own blog