I just sold my house and after paying off all my debt I have $80k in the bank. What should I do with the money?
im 33, semi NEET, and uneducated. I have this fantasy of moving to a European country like sweden, or somewhere similar, to start a new life
Any suggestions?
>>17285430
give me 1k and ill give u 2k in a week
Where do you live now?
>>17285439
California
I moved back home with my parents
>>17285430
Put half of it in an insured bank account. You'll get lousy interest but it will be safe.
Put a third of it in a no-load index-linked mutual fund (If you don't know what any of those words mean, look them up.) It is slightly riskier, but more likely to grow in the long term.
Use the rest - about 13k -to travel to Europe and see if it's as wonderful as you think it might be.
>>17285496
Thanks for the tips, I didn't consider doing anything like that
traditionally you would use most of that $80k to place a down payment on a nicer piece of property
