I'm 20. Graduated high school, planning on doing online classes for college. I still live at home with my mom. ( i can stay for as long as i need). I make 1.8k-2.2k a month. My bills only come out to about 700-800 a month.
I have a lot of extra money left over every month but i've been spending it on dumb shit. I'm very disciplined with my money when i need to be but i've been stupid this past year.
I want to invest all my extra money into something that will make me more money. I'm currently looking into investing into stocks and have opened an e*trade account. So far my plan was to put all extra money into that account and invest in penny stocks and then use the profits to invest in bigger companies such as apple and mcdonald's etc etc.
What do you guys suggest? I wanna safely invest my money so i don't lose it. I'm willing to lose money to make money. I understand that concept.
I'm also looking into getting a house to rent out as a side income. ( My best friends mom is a property manager and recommended i do this and she said she'd help me with any and everything). From my salary and credit, the bank said i could get around a 160k loan.
I'm just here for suggestions and guidance. Any advice would help.
Thank you!
Submitted August 16, 2017 at 07:21PM by fluvx http://ift.tt/2wgTYCX
