What you would do with $600k

[Miguel Gutierrez]

Hi, My name is Miguel,

My wife and I we have a household income $140k/year.

we have a 30year debt loan (220k with 2.4%interest rate)

we have 45 and 42 years old and 3 kids (4),(7)(10)

we have now $600k in cash right now 1/2 invested by our self in stocks from savings last years but consuming a lot of time and energy to do that, and the other 1/2 of the money came money thay we inherited and is right now still managed the same financial advisor that they were managed before the money without great results for the moment in the last couple years.

we would like to keep just focused the next 10-15 in our kids and our work, but we would like to maximize as much as possible our networth to be in a good financial position for us  and our kids when we cross the 60 years old border!

what you will do in a situation like us? 

Thanks in advance for all your comments!!

[Chris Seveney]

@Miguel Gutierrez

With three kids I would go the fully passive route which is invest in something that you do not have to do a thing.

Of course the more active you are the more you could make but do you want to deal with owning real estate? Dealing with tenants or property managers?

If you stayed more passive with $600k you could invest that and get $50-$60k passive income per year. That is what I would do with three little ones and both of us working a w2.