Hi all! I’m new to this thread.
I am 19 years old from Canada. I am in my 3rd year of my Bachelors in Business Admin degree with a major in marketing.
I currently live in my very generous parents’ home rent free with 0 expenses. I have paid for my schooling in scholarships and I should be expense free for another 1.5 years or longer until I decide to move out one day
When I turned 16 my parents bought me a Jeep Wrangler (spoiled, I know). This year they paid off the car and told me it was mine to do what I wanted with, so this summer I sold it Jeep for $20,00 cash and the money is in my account.
With leftover scholarship money and money I’ve saved from working during the summers I have $25,000 total in my account.
What do I do to make the most of my money to try to grow it as effectively as possible while I have no expenses living at home? Technically I could invest 100% of it somewhere.
My goals for the future are open however I have a few areas of interest: - I would like to live in the US one day - I am interested in real estate - I have experience buying and flipping cars (3 profitable under my belt so far!) - I would like to own my own business one day - Putting a down payment on a home to live in or flip are on the top of my list for 5 year investments - I’d much rather buy than rent
I guess I am just looking for advice on who to talk to, where to put my money, places to look, avenues to go to, personal stories on how to use this money to bring my closer to my long term goals.
Thank you in advance!
Submitted October 15, 2020 at 07:42PM by generallyhappygirl https://ift.tt/2H5QVFg
