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Splurge: Investment property
Splurge: Investment property
Monaica Ledell, with her family, is planning a big investment in 2011.
Name: Monaica Ledell
Hometown: Wichita, Kan.

We had this economic crisis, and the first business I started failed. I just decided I need to change my mindset about what I'm spending my money on. I spend a pretty hefty amount on my daughter's school, but, I cut back on clothing and am always ordering off of Amazon for a better price on most things.

I worked hard to decrease debt and increase my credit score. I now have a new business and was able to steadily grow as an online marketing consultancy. Things have settled down a bit and my clients are feeling more at ease. I feel less anxiety about the economy, I feel like it's a little bit safer to take some risks.

I'd like to buy one piece of rental property, a single family home. I want to make a strategic - smart decision - and one day hopefully have a few apartment complexes to maybe retire on.



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Last updated January 27 2011: 12:37 PM ET
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