I'd put it all in a very low yield savings bond.
2007-05-06 02:13:21
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answer #1
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answered by Anonymous
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Save it.
The first thing I would do is to build an emergency nestegg that you never touch, equal to about 6 month’s worth of living expenses. In your case about $15,000.
After you have done this, start moving your extra income into municipal bonds, the stock market, local real estate, and/or a small business you can operate at home in your spare time. I would also consider putting a small percentage of your excess income into something highly speculative, like the penny stock market. Do your own due diligence in this are and read some of the forums on investorshub.com first.
One of the best ways for most people to get ahead financially is to learn how to make money at home. With the Internet, this is not as difficult as it may seem, and it doesn’t mean taking in somebody else’s laundry, babysitting kids, or selling soap to your sister-in-law.
What I suggest is that you get your finances in order by cleaning up your credit and generating a second income. Here are three books I recommend for you: Internet Riches, by Scott Fox, Rich Dad, Poor Dad by Robert Kiyosaki, and The 17 Principles of Creating Wealth, by Phillip Collinsworth. All three are available on Amazon.
You can also read some informative articles and free reports on making money at home and repairing your credit at:
http://www.wealthsearch.org
Thank you.
2007-05-06 10:02:41
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answer #2
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answered by Anonymous
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Create an emergency nest egg that will cover your expenses for 6 months.
Contribute the maximum to a 401k (if you are employed by a company that offers one) or save in both a regular and roth IRA. Now that you are making good money you need to save for retirement so that you can let that money compound to your benefit. After you have saved the maximum then you can save the rest of the money you make or invest it (property, business ventures, mutual funds....) Keep your taxes in mind.. Good Luck!
2007-05-07 01:03:52
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answer #3
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answered by Anonymous
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I´d create an account to keep my money untill it´s enough to create my own company/bussiness.
Of course I´ve use something of it to live confortably and to travel on vacations.
Maybe buy some shares too.
2007-05-06 09:35:33
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answer #4
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answered by Betiel 2
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Save for a rainy day....
2007-05-06 09:14:02
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answer #5
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answered by Anonymous
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Invest it in stocks.
Here is another choice to get extra money
http://www.money.ws/activos
2007-05-06 09:33:59
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answer #6
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answered by Anonymous
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would buy property, real estate somewhere where is still cheap, but prospestive
2007-05-06 11:24:25
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answer #7
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answered by lanithka 4
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enjoy !
2007-05-06 09:13:55
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answer #8
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answered by Anonymous
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save it up duh
2007-05-06 09:17:28
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answer #9
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answered by BH6413021 2
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