Home improvements, real estate investment
Fassett with his daughter, Anika
Age: 47
Hometown: Franklin, Mich.
Profession: IT consultant
Expected bonus: $50,000-$70,000
I get a bonus every year. This is a great business to be in.
How I'll spend it: We usually do one big house project every year. This year it's installing a bay window in the family room. The rest of it, I'm probably going to get into a partnership with some guys to buy an apartment building. Last year I bought a couple of rental houses with my bonus. The way my 401(k) has been hammered, I'm not convinced we're on an upswing in the market. I like an investment that's local. It's secured, I can go put my hands on my houses and that gives me some comfort. I'm a little more in control of my retirement now. My wife thinks this apartment thing is my midlife crisis but instead of buying a Porsche.
NEXT: Saving up to buy a house
