I’m a bit old for my grade and a current junior in highschool. I have around $55k total (20k in bitcoin and 25k in S&P500, 10k in savings). Starting in 2 years, while i’m a freshman in college, I will be earning 70k a year from my school in NIL for sports. I’m going to be making a good amount of money quick and I’m not a kind of person to spend it all, I want to make smart decisions with it. My family has a long line of real estate ownership and I was thinking to save enough to have 200k and down pay a home in California. I’ll be out of state but at least I can have a property to my name and earn rental income from tenants at around 21ish in age.
If anyone has useful advice please let me know.
Hello I’m 18 years old and I am looking for advice on what to do next
byu/Electronic_Fuel9368 inpersonalfinance
Posted by Electronic_Fuel9368
1 Comment
When you are 21 you probably don’t want to deal w managing a rental property out of state. Read up on stock market index funds.
Often generates very similar returns and much mucj less work.