As a 19 year old with no college education, how can I use my $100,000 from crypto to set me up for success in life? I was thinking of buying a cheap house so I wouldn't have to ever worry about mortgage / debt
As a 19 year old with no college education, how can I use my $100,000 from crypto to set me up for success in life...
Owen Young
Isaac Walker
bump, this is actually a good question user. I'd say leveraging real estate but I'm not sure if that's enough money for that.
Isaiah Hughes
That's the dumbest thing you can do.
You should invest in real estate when you have at least 500k
Until then rent and use the money wisely to make more
Logan Bell
taxes and homeowners association. houses are money holes.
if you paid tax, go for a roth ira, deferred annuity, or insurance.
otherwise tax sheltered annuity, or trad ira.
David Anderson
To be honest I know I can get great returns from trading crypto, but it just makes way more sense for me to step away from the market for the long period of time it's gonna take for it to truly bottom out.
Outside of crypto if you have any ideas, I'm all ears.
Thing is I'll have to pay rent every month if I don't buy one. Not gonna keep living with my parents
Henry Russell
It seems like I post this in every thread but it depends on your goals, your appetite for risk and how much you want to work
$100k is enough to do so many things, but some of the best choices might be (in order of risk/reward):
>risking it all on a startup idea
>buying and managing a franchise
>leveraged investments
>conventional investments
>living off grid in a tiny house and growing your own food
Carson Cox
and of course the other option is go back to school and get a normal job
you could also consider travelling around for a few months while you decide
Levi Barnes
I advise against buying a house unless you're 100% sure you want to live where you buy it
Zachary Walker
nah, i wish i didnt do this when i was 19. did 30k on one property, 30k on another, tax time came around owed another 30k, then house prices tanked and it was all a big waste.
Angel Martin
enjoy getting a mortgage. i'm in a similar situation. desu, the best way is to mooch as long as you can.
20k a year on rent is shit, but you really need to be careful about property tax, homeowners association fees, insurances, and organizational fees if you're going for a property.