5 of 7
BACKNEXT
Home improvements, real estate investment
Home improvements, real estate investment
Fassett with his daughter, Anika
Dennis Fassett
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
Last updated December 30 2009: 6:36 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
50 years of the Ford Mustang Take a drive down memory lane with our favorite photos of the car through the years. More
Cool cars from the New York Auto Show These are some of the most interesting new models and concept vehicles from the Big Apple's car show. More
8 CEOs who took a pay cut in 2013 Median CEO pay inched up 9% in 2013 to $13.9 million. But not everyone got a bump last year. Here are eight CEOs who missed out. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.