Married, combined income of $200k/ year (husband works, I stay home with kids). Living in HCOL area, 3 young kids (4 and under).
Recently inherited $100k (tax free). My mortgage is paid off, no student loans or credit card debt. Truly fun money. I don’t need immediate access, open to long-term investments. Not interested in HYSA. Would love to build passive income.
What would you do?
ETA: Our 3 kids each have $50k in investment portfolios that were started from birth.
When I say fun money, we have savings and investments set up already for kids. My husband maxes out his 401k each month. This is 100k that i unexpectedly inherited, I was looking for “out of the box” investment ideas.
And sorry to the person who thought this was insensitively worded. I inherited the money when my Mom unexpectedly died. I want to be smart with it and was looking for ideas that I haven’t thought of myself.