I'm in need of some advice of what my options are as a teenager living in an expensive state.
I am currently 17 years old and have saved up about $24,000. Most of those savings are from this year and I'm looking to have saved about 30k-35k by the end of the year. My job is currently Youtube and I started taking it super serious this year in terms of revenue, although I've been doing it for 4 years. I have a head start for my age, our family has had debt before, so my motivation is staying as far above water as possible. I am pretty good with money and savings so suggestions on that are very welcomed. I will be receiving a debit card and opening a checking account in a few weeks.
I don't plan on moving out for a few years. I am currently a Senior in high school and plan on attending a local community college for 2 years before heading to University afterwards to most likely major in editing/graphic design/something along those lines for a Bachelors Degree (may go further but it's a long time from now so I'm not really thinking of then yet). That's if I don't get a good scholarship somewhere. CC is most likely my approach. The only thing I'm purchasing soon is a car which I'm splitting half on with my brother.
I feel it's important to add that since I'm a minor and under 18, I have to pay taxes as my dad would because I'm under his name, which I believe charges a lot more than if I were to be 18. I'm not completely informed on that yet and I know we're looking at talking to an accountant to figure out what the best bet is to save the most.
So what should I do or consider? Whether it be investing, continue saving, putting it somewhere, and so on, I'm just trying to figure out the best plan of action.
TL;DR - 17 y/o with $24k saved. Will most likely be $30k-$35k by end of the year. Planning on buying a cheap-ish car soon. Still in high school but planning on Community College and then University. I will be living at home at least until the end of Community College (unless I get a scholarship and go straight to University). I'll be paying taxes under my dad since I'm not 18. I'm good with money, and plan on going into Graphic Design/Editing in college. What are my options?
Submitted September 03, 2018 at 02:01AM by Target3dGaming https://ift.tt/2PXVPUu
