What Should My 18-Year-Old Do with $20,000?

What Should My 18-Year-Old Do with $20,000?

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[TheSmoothGrind]

I had about $18k when I was 18, I purchased a house for $80k putting about $7500 down on the house, saving the rest for any financial needs that might pop up. I am 38 now, the house has been paid off a few years and close to doubled in value. I purchased a few other rental properties and paid some of them off, I am an everyday millionaire using principals similar to Ramsey's Baby Step's, but my recipe is my own brand.

[tompuijpeNL]

Put it all on Robinhood GME stock options with 200% leverage 🤣. Noo

[LetsTalkPersonalFinance]

$20000 in the bank, a scholarships. She is on a roll!!!

[xenakaifinancevideos]

I would invest some of the money instead having all of it sitting in the bank

[XoxoAnnieMarie]

At the VERY LEAST he should’ve recommended a high yield savings. I would put a portion into an index fund.

[christophermartin]

Buy $20k in Doge and ride it to the moon 🌙 🚀 🚀 🚀

[SelfMadeWealth]

Future millionaire has watched this video and he is on his way now. Be the best version of yourself.

[MrSohildeep]

Just keep it in high yield saving account or buy banks stocks, when she starts making money she should use that for downpayment on a multiplex unit which she should rent out one side.

[IamtheGL]

Your 18 year old should self-invest and not flex

[juliankurtz]

It thought it was gonna be a GME winner

[DrJaredNelson]

Pick a smart investment and invest! Doesn't have to be stocks, just take that money and set yourself up for success. 👌🏻

[ScriptureFirst]

NO! Buy 2br near college & apply scholarship toward mortgage + collect rent from roommate *of your choice* with like-minded values! Graduate with appreciated equity or a cash cow for keeps! Don’t waste that money on a dorm!

[gamekings]

How do u get on a call with these people

[Veinslayer]

Useless advice caller basically called just for validation. You can learn more from the comments.

[fahadahmed]

I’m 18 and I have 30k saved and invested.
What should I do Dave?

[MrBeach-fmnj]

AO was lowkey shocked when he heard 18y/o with 20k.

[yusufhansia]

A four year bank CD is more appropriate

[hisaddle]

Right now Credit Unions are paying 5% for 6 to 12 months certificate

[victoriajadevalencia]

cant believe he didn’t say to an IUL smh

[Je.rone_]

Go to the screets and flip it on da block