I'd rather chop off a limb than read financial books right now. I wouldn't even know how to go about investing in any kind of stocks or bonds and don't really know what other possible avenues I have to choose from other than starting a business or buying property to rent to tenants. Currently, my money is rotting in a checking account, at the very least, I should put it in some kind of high interest account to defeat inflation. I've felt overwhelmed lately with personal projects and what to do with my life, and this keeps getting put on the back burner.
I remember Ty's post on Lending Club, how's that going? Peter Parker, you're with Prosper, right? I'd be happy with consistent 10% returns, is either of these two sites safe enough to dump a majority of my cash into?
Background info: I'm 30 years old, live in the Rialta, probably spend under $700/month on normal expenses (super frugal, not glamorous at all), 2-months unemployed by choice and living off what I have saved: a little over $32k, engineering drop-out, don't seem to have many high-paying skills, and don't know what I'll do in the future as far as making income. I'm not a dumbass, but I'm not a "runner" as Tynan might put it, and I don't know if I can change that... I don't want to work forever. I love my leisure time. I guess it's different if the projects you love are making money... maybe that's another discussion. Along with Tynan's goals, being able to bank a few million and comfortably support a family would be awesome, but I'm not that hopeful; fortunately, I don't seem to mind living very simply and without kids (for now at least...). My goal might be making $1-2k/month passively. Some of the entry-level oilfield jobs here pay well, $1900/week for driving a truck a limited amount of hours for example, so I might consider putting up with that for a year or two, but I still need to find out what to do with that money. Thanks everyone. Great job with SETT and your whole blog, forum, & book history, Tynan; we're lucky to have you.