What do you do for a living?

I would've thought that wealth management and owning a reef tank were mutually exclusive endeavours... ;)

My advice to all of you is quit the hobby and start contributing that money to an IRA.

If you invest 200 a month at 5% after 10 years you will have over 30,000.

After 20 years roughly 82,000.

If you average 7% you'll be over 100k in 20 years.
 
I am retired.
When I worked I was a union Heat and Frost Insulator. When I retired I had 40 years in.
When I first started my trade in 1974 our title was Asbestos Worker.
 
I work on the finance side of building, investing in, and owning stuff like this.
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TOP 10 Trending Threads

WHAT FIRST SPARKED YOUR INTEREST IN REEFING?

  • I saw a reef tank that hooked me

    Votes: 9 37.5%
  • I was already keeping freshwater aquariums

    Votes: 6 25.0%
  • A particular fish got me interested

    Votes: 6 25.0%
  • Corals and inverts were the draw

    Votes: 4 16.7%
  • A friend or family member introduced me

    Votes: 2 8.3%
  • The science and ecosystem challenge appealed to me

    Votes: 4 16.7%
  • I stumbled into it… and here we are

    Votes: 2 8.3%
  • Other (Post in the comments)

    Votes: 5 20.8%
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