What should I do with $110,000 as a newly 18 year old?
What would you do?
What would you do?
Dalya
one word: college
K8
I would pay off any debt I have and then invest in myself by paying for college with cash (at a reasonably priced college, possibly doing the first 2 years at a community college and then transferring), earning a useful degree that leads to a good job at the end.
I would get a decent, reliable, inexpensive, used car with cash as well to get me to where I need to go.
I would keep about $8,000 - 10,000 as an emergency fund.
I would keep another fund to supplement living expenses, but pay the bulk of living expenses with a part time job during the school year and full time in the summer (such as an internship for work experience).
I would then invest the rest, responsibly after doing some research (look at learning from someone like Dave Ramsey).
Lil
SEX TOYSSSSSSSSSSSSSSSSSS
Anonymous
Invest it in something that would benefit you and your dreams/goals in life. If you always wanted to be a doctor, use this as an opportunity to get your master's degree. This is not a great idea, but always wanted some of your own hookers? Hey, why not? Prostitutes are apparently fun, minus the STDs.
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Buy a brand new car