If you are in this situation you have made good financial decisions to date. I am assuming that you have paid off all of your debt including your car loans and student loans. If not work on getting those paid off.
you have gotten to a point where you are regularly putting money aside for retirement, and you have your emergency fund of about six months of income in place you will need to decide what your next step is. That answer is entirely subjective. It depends on your future goals and plans. If you see yourself married in the future, you may want to save up for that either for the wedding, a ring or the honeymoon. If that goal is too far away think about trying to pay your home off, so you can move up in home or begin investing more of your money in the future.
you are in your twenties it is a time to enjoy your life. If you have started out by getting out of debt, and contributing to your retirement, it may mean it’s time for you to enjoy where you are right now. Plan out your dream vacation and save up for it and then go. This may mean traveling to Europe or taking a trip or two a year to the Caribbean or being able to take a month off of work to go hiking. You are in a position now to do the things you enjoy the most.
for your future. If you see yourself enjoying your current job until you retire you may not need additional training, but if you would like to move up to higher level in your company or try out a new field in a few years, now is the time to get the additional training you need. You do not need to go to school full time to make that happen. Take one or two classes a semester, and pay for the tuition as you go. You can receive the extra certification you need and keep yourself competitive in a changing job market.
you may want to explore other means of investing. Learn more about mutual funds and the stock market and begin saving outside of your retirement accounts. Real estate is another good option, which provides a steady source of income. The key t o be successful with this type of investment is to do it with cash. That way you will not get in over your head.
