What would you do as a young man with money?

redpharma7789 · 2018-12-11T23:12:26+00:00

Invest it.

Seriously, you don’t know how ahead you are of most people financially now.

Set aside 5000 pounds as your emergency fund.

If you have aspirations for uni or other education, set aside an amount for that.

Invest the last 20k/15k. My personal suggestion would be stocks that pay dividends. By putting about 20k inside, you could be looking at a possible income via dividends around 300 pounds / month.

Since your now financially sound, manage your portfolio and let those stocks of your compound over the years and in about 10 years you’re gonna have another 50k quid in the bank, alone.

Johnnadawearsglasses · 2018-12-11T21:45:35+00:00

I would go to college and plan my business plan there using the tools I can gain from uni like a strong network, sales, marketing, accounting and corporate finance training.

Terdmuffin · 2018-12-12T00:38:18+00:00

I would honestly see a financial/investment planner so I could see the options available to me. I wouldn't start a business because at 18 I had no real work experience or skills so anything I would have started would have likely failed.

Ekhochambeer · 2018-12-11T21:35:22+00:00

I would use it to support myself through uni.

FireDrillem · 2018-12-11T23:07:08+00:00

I’d get into trade school. Get a reasonable paying skill. Keep my credit score up. Search and find a nice piece of real estate and use the money for a down payment.

If you can acquire a duplex or a small apartment building in an up and coming area, you’ll be set for life.

Fuck college. To hell with the rat race. Self educate. Use your starter kit to blaze your own trail.

Title	What would you do as a young man with money?
Author	bruiser18
Upvotes	0
Comments	11
Date	December 11, 2018 9:23 PM UTC (5 years ago)
Subreddit	Posted in /r/askTRP
Original Link	https://old.reddit.com/r/asktrp/comments/a5b6cb/what_would_you_do_as_a_young_man_with_money/
Archive Link	https://theredarchive.com/r/askTRP/what-would-you-do-as-a-young-man-with-money.70386 https://theredarchive.com/post/70386