What to do with $20k, What is the smartest thing to do... Options

[bloodrain]

Well, I got a nice little end of the year bonus and Im trying to figure out what to do with it. Im 19 years old living with my dad. I hardly have any bills ($170 for insurance, $35 for my cell phones (not each phone)) I would love to get a nice supra or something, but Im thinking thats not really reasonable, because in cars, you only loose money. Im just trying to figure out what to do with the money.

[lagos]

ill give you a little tip. number one, DO NOT TELL anyone you have that much money. you shouldnt even be on here talking about it.

number two, as soon as you spend 1 dollar of it, it will ALL be gone before you know it. put it into a savings account like forkee said, and just forget about it.

if you DO want to do something smart with it, think about using it to buy a house. you can use part of the money as a downpayment, and then rent the house out. the money you get from the renters will cover the morgage and in a few years you can sell the house and make a nice chunk of change from it.

This post has been edited by lagos: Jan 1, 2006 - 8:05 PM

[bloodrain]

ill give you a little tip. number one, DO NOT TELL anyone you have that much money. you shouldnt even be on here talking about it.

the only reason im on here talking about it is because I dont know any of you in real life, all I have to do is click the 'X' in the corner and its like I was never hear. For all you guys know I could be lying but im not really a lair, anywho ya im probably gonna do the 'smart' thing and save it or invest like $5k in stocks or somethin. As much as I would love to have a nice TT Targa top supra, and just like you said lagos, just because I have the money doesnt mean I can afford it, which I probably could but it wouldnt be very smart. Anywho, other ideas are welcome.