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/biz/ - Business & Finance


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185833 No.185833 [Reply] [Original]

I'm going to come into about 50K by the end of this month from a will.

I want to invest this money so it works for me, but I don't know what to invest it in or even how investment and returns work.

What do you recommend I do and study?

>> No.185887
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185887

>>185833
>What do you recommend I do and study?
Nothing. studying will only lower you money.
>I want to invest this money so it works for me
Doesn't everyone else?

>> No.185894

>>185833
1. Pay off high interest debt. (credit cards)
2. Establish 3 month emergency fund.
3. Fund tax advantaged accounts. (401k, IRA,
Roth...ect)
4. Manage or pay off long term debt like student loans or mortgage.
5. Invest