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I'm 18 and inherited $50,000

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Money Talk > Investing, Stocks and Bonds

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Full Member

Cash: $ 12.80

Posts: 63
Joined: 07 Dec 2014
Location: Colorado
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If you were comfortable, before the inheritance, with the debt you would have after school and grad school then that is your basis. Forget screwing around with the $50K and trying to figure out the school finances, 529 plans, etc.

Put the $50K to work for you for your future. You are young, you now have this ONE chance to set yourself up to be a millionaire by the time you are 50. Don't blow it.

Invest the money in a Vanguard S&P 500 type fund, as Old Guy suggests, and forget about it.

Good Luck!, You have a fantastic opportunity, make it work for you.
Post Sun Jan 31, 2016 9:09 pm
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Cash: $ 23.60

Posts: 113
Joined: 14 Feb 2018
Location: Los Angeles
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The first thing I bought from my first salary was a vape device with ego-t battery. I used to smoke heavily but couldn't quit by myself. Vaping helped me to get rid of harmful habit rather quickly, my emotional addiction from cigarettes was eliminated.
Post Sat Jan 30, 2021 8:15 am
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