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I am blessed at 24 and have a job that pays 100K. What should I do right now with my money.?

10 Answers

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  • ?
    Lv 5
    9 months ago

    invest and save, find a good financial adviser who you can trust, you need to put money you dont need now away for retirement. Have a look online there are those on good wages that "retire" at 40 or 50 save invest and have a goal. Dont spend it all like its water... that way you wont benefit from this

  • ?
    Lv 6
    9 months ago

    Yes, very fortunate, try to invest as much as possible on retirement account, besides from that save money onto saving account. Create a budget, have some money to have fun and travel. 

  • Anonymous
    9 months ago

    First save the money and invest in Fixed Deposits that give an attractive rate of interest . Once the investment reaches a fair amount you can consider marriage. 

  • Anonymous
    9 months ago

    Look for safe savings at this time, if/when our economy improves, you can look into other options.

  • Tepee
    Lv 7
    9 months ago

    Whatever you do you'll later wish you had saved a lot of it.

  • 9 months ago

    The first rule of financial planning is to have an emergency saving account equal to at least 6 month salary. Then I would suggest you open an IRA or contribute to a 401K where you work. If you will have disposable income after that then you should invest in some mutual funds that try to match the major stock indices ( Dow, S&P 500 and NASDAQ). Invest for the long haul and you can be a multi-millionaire.

  • 9 months ago

    just save it, you never know when you'll need it

  • Anonymous
    9 months ago

    invest it................................

  • 9 months ago

    Think about becoming a prepper.  

  • Pearl
    Lv 7
    9 months ago

    just save it, you never know when you'll need it

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