Hi everyone, I appreciate your time and any advice offered so I'll get right to it.
BACKSTORY
I am 24, I graduated over a year ago with a degree in compsci but didn't enjoy the work much and I quit about a year ago and began private coaching a sport year round. I hope to continue growing my career as a coach, but so far I do not make enough to put away any meaningful savings. I could probably be more frugal with food expenses and stop eating out and buying unnecessary things. For now I spend enough money to hinder me from really keeping any put away and gaining ground in my savings.
FINANCIAL
I am renting an apartment alone for about $1150 a month (including internet, utilities, rent). I am on my family's health insurance. I do not have any debt. I am also on my family's phone plan. My car is paid off.
HOPING FOR ADVICE
I have no long term savings, and my job doesn't provide a 401k or insurance.
I have $132,000 dollars sitting in a trust that my aunt and uncle are responsible for. They are willing to let me invest it anyway I see fit. My father had said they hoped the money would go toward my first house some day. I would like to know specifically if this is a good or bad idea to try to get a house sooner rather than later to avoid spending too much on rent I will never get back.
Please if anyone took the time to read this, I really appreciate any possible help or advice. My dad was always the person I would go to for advice when it came to stuff like this.
Submitted August 26, 2017 at 05:14PM by nocluefinancially http://ift.tt/2wR3rRM
