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
17 cool gadgets that tease the future Smart telescopes, surveillance for dogs, an electric roadster and more from CES 2018. More
These 12 airplane beds let you really sleep on a flight For the price of a premium class ticket, you may just get a space that's comfortable, private, and quiet enough to ensure a good rest. More
CES 2018 kicks off with oddball gadgets The biggest tech show of the year opened with a collection of quirky gadgets. More

Special Offer