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/biz/ - Business & Finance

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841687 No.841687 [Reply] [Original]

sup /biz/

I work at Wendy's. I work >40 hours week and get paid biweekly something like $500. When school starts back up, I'm going to be making about half of this.

I have nothing saved so far. What's the best thing to do with this money? Just put it under the mattress? Or is there something that I could be investing in at 16?

>> No.841691

>>841687

short AAPL buy PRN

>> No.841712

>>841687
In short, no.

Unless you're really a go-getter and want to buy a fancy lawnmower and start your own business next year, go for that.

If you can convince a relative to match your income in a roth IRA go for it, otherwise focus on your education. Saving and investing comes later.

>> No.841745

Suck 1,000,000 for one dollar each or invest in pnd and short PRAN

>> No.841784

>>841687
>I could be investing in at 16?
underage b&

>> No.841792

>>841687
>I have nothing saved so far.
This makes my blood boil because I know people like this in real life. They have all these "big ideas" but don't save a fucking dime. How the fuck are you going to make it anywhere in life by not saving part of your income? I see people (mainly women) blast through their paychecks on nonsense when they could be putting something back, anything, and they don't. Life lesson kid save a part of your wages and don't touch it.

>> No.841838

>>841687
Save up $3000 in checking to open a vanguard account when 18.