If it's your money put it in a bank
buy a house
give a little to charity if you can
Help a pet shelter, an orphanage, a NGO...
Same here :/
Rule of thumb is save 10% in safe place like savings account or CD. After that I'd blow 10% having a good time. You'd still have 70K which is enough for a down payment - or in some areas an outright buy - of property to live in. Or you could invest it but diversify if you do: some precious metals (10 - 20%), some bonds (30 - 40%), and the rest in a mutual stock fund or two . You can PM me if you like.
No, banks do it free but you will get almost nothing for interest. It's just safe and really not considered investing.
That's why you do the other things I said BUT you could lose a lot. THAT sucks. :)
I would suggest speaking to an adviser and see what they say. Don't waste it
Pay your bills.
Anything you want! Twice probably! Have fun....
If you can be patient for years and years, copy whatever Warren Buffett is doing, and don't deviate out of impatience.
At your age I'd be looking to invest most of it. Would be a great start to becoming wealthy in the future.
You're friend is a fool then. I started out about 20 years ago investing $14k in an investment property (I was still renting at the time). I've never really earned large salaries from work but have continued to invest in both property and the share market. Some 20 years later let's just say I'm extremely comfortable financially.
Invest it in the stock market and turn it into $40,000.
Options are even better - you can end up with three dollars in less than a month. ROFL
FYI the stock market is near a multi-year high after a good year up.
Invest in BAIN Capital. I hear they know how to guarantee profits.
Do something charitable, pay off some bills, save it for other times, and IM me so I can send you my address!! oh and buy a pony--lol
1. Pay any outstanding debts or bills.
2. Consider whatever form of investment is appropriate for your situation (buying property is always a good investement as it rarely devaluate, plus... well, you can live in it, have your own place) and invest a good chunk of it.
3. Keep some for what matters to you most: treat your friends or family, donate to a charity whose work you believe in, travel, treat yourself, too...
Hide it from the tax man.
Blow it on a holiday, sex, drugs and rock and roll.
If you dont know what to do with it, give it to me i hav a million thing to do with it haha
Stick it in the bank.
Buy a house