(S31) PT 3 - Investments

[TomHanks]

Sheriff Woody has never really had any need for money. Since he’s a toy there’s no food, rent, utilities, anything really. He gets to live in someone else’s house and have a good time. That said, there’s no reason one’s life can’t be improved by money. So now that Woody has some money, he definitely wants to keep it. First and foremost, we’re taking a quarter of every contract and putting it into just standard stocks and mutual funds to let it accrue interest. That’s not going to be touched until after his career is over. The next quarter will go into real estate investments. They’re an asset that will rise in value steadily, and they make good vacation homes in the meantime. Third quarter isn’t a savings thing but with the first half locked up in investments it’s good to have a plan for how you want to budget money that isn’t invested. This quarter is for a charity Woody will be starting to get underprivileged children toys. Every foundation needs starting capital and Woody will provide it. The last quarter is just for fun. Going travelling with Bo Peep, taking Andy to football games, stuff that Woody couldn’t do without any money. Sometimes you have to treat yourself.