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Forums - General Discussion - I have $6,500 What Should i Do?

I have $6,500 cash.  I'm a 17 year old guy and I work at this big factory with other people, most of whom are middle aged men. I got hired because of my strength, I'm pretty big and tall 6'6.  If you'd see me in real life you wouldn't believe I'm 17.   But anyways, I work 10 hours a day, 5 times a week and I make 19 dollars an hour.  This is just for the summer, as soon as school starts I'll only work 5 hours a day(after school).   But anyways, so far I've saved up a lot because i never have time to spend it.   Here is a picture of my money.

http://tinypic.com/r/2z6wo7k/6

I'm not trying to show off or anything. I just simply need advice, what should i do with the money? I live with my parents because i'm still 17 and go to high school. I don't have to pay bills. And i don't really need a car because the factory is like 2 minutes away from my house. I'm a workoholic I love to work and make money!  I'm very open minded. So please give me any advice.



I trust no one, not even myself.

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FattyDingDong said:

I have $6,500 cash.  I'm a 17 year old guy and I work at this big factory with other people, most of whom are middle aged men. I got hired because of my strength, I'm pretty big and tall 6'6.  If you'd see me in real life you wouldn't believe I'm 17.   But anyways, I work 10 hours a day, 5 times a week and I make 19 dollars an hour.  This is just for the summer, as soon as school starts I'll only work 5 hours a day(after school).   But anyways, so far I've saved up a lot because i never have time to spend it.   Here is a picture of my money.

http://tinypic.com/r/2z6wo7k/6

I'm not trying to show off or anything. I just simply need advice, what should i do with the money? I live with my parents because i'm still 17 and go to high school. I don't have to pay bills. And i don't really need a car because the factory is like 2 minutes away from my house. I'm a workoholic I love to work and make money!  I'm very open minded. So please give me any advice.

buy some shares with the intent to sell them again within the month and the money will grow just look at trends and prevoius prices of companies



Buy a console and check out the steam sale



I'd invest it. Go to a local financial advisor and get set up in some low risk stock accounts.

Either that, or invest it things that have value that you care about. Pick up a fun hobby, etc.

That's what I'm doing.



"We'll toss the dice however they fall,
And snuggle the girls be they short or tall,
Then follow young Mat whenever he calls,
To dance with Jak o' the Shadows."

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Save it. Maybe for college, maybe for a future investment, maybe for a down payment on your first home, or maybe just for a rainy day. It's easy to spend money and hard to save it. If you don't have bills now it's a good time to hold on to it for as long as you can. In a few years you'll have bills to pay and you'll be glad to have a nest egg. Stay out of debt and save what you can. Make sure to spend enough to have fun though, but just don't spend it all.



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keep it in case geohot might need it next time he hack a console for our freedom



Bet reminder: I bet with Tboned51 that Splatoon won't reach the 1 million shipped mark by the end of 2015. I win if he loses and I lose if I lost.

Woah there! Looks like we got a bad ass over here!



Lol, your profile says your twenty years old.

Get yo lying ass outta here!

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A classic FattyDingDong thread....keep on trollin'



6.5k at 1% interest = $65 a year in interst.

 

put it in the bank and get a free game yearly. more if you get 2%.

 

you can also try 3month CDs for better interest rates but then you can't take it out in emergencies.



if true, i say spend it all. you are too young to worry about anything in the future lol