Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

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
America's 12 biggest companies now In the past 6 years, giants like Exxon and Walmart have slid while tech companies have soared. More
'Spotlight' is just the latest edition of newspaper movies Here's a list of the best newspaper movies. More
Most valuable car collection ever auctioned In total, the 'Pinnacle Portfolio' is the most valuable group of cars from one collection ever sold in a single auction. More

Special Offer