Just found out I am inheriting $60k. Need advice. I don’t have student loans. I work for a car dealership so I lease a nice car for $100 a month. I have payments to pay off my phone for $24. I have about $11k saved. I make $36k a year. My rent is $495. I pay about $80 in utilities and tv. I have no credit card debt. Options I can think of:
Put it towards my ROTH IRA
Give it to my (42) cousin who is a wealthy investor and have him invest it for me (in my name of course)
I could invest some and keep some for savings and pay off my phone.
I could buy a house and charge rent to roommates I know I could find and basically have them pay the mortgage.
If you have any ideas let me know. Really don’t want to screw this up.
Submitted May 30, 2019 at 02:16AM by takanokono http://bit.ly/2IbBQ1J
