What should I do with $3,500

[Deposit]

I need some good advice, like be serious 8|

 

[Zerxal]

Save it for college.

 

[markd]

Not flex that you have 3,500. Or like the comment said above, save, you’ll thank me later.

 

[Scroll32]

Could possibly buy a machine or two and rent them out, be able to get longterm revenue that way.

 

[Deposit]

Save it for college.

Not flex that you have 3,500. Or like the comment said above, save, you’ll thank me later.

the entire fund for the college I'm looking to go to is paid by my parents. (in a savings account)
before someone says car for next year when I turn 16, that's already done too.

Could possibly buy a machine or two and rent them out, be able to get longterm revenue that way.

i just received the last part yesterday for my machine, kinda cool you told me to get one when I just got it haha.
now the thing is i gotta rent it out and upgrade it.

 

[Scroll32]

the entire fund for the college I'm looking to go to is paid by my parents. (in a savings account)
before someone says car for next year when I turn 16, that's already done too.


i just received the last part yesterday for my machine, kinda cool you told me to get one when I just got it haha.
now the thing is i gotta rent it out and upgrade it.

Thats ironic. More machines means more money though . Also, send me a dm, I might rent out your machine, Scroll32#8539.

 

[Sullybash12]

You could buy python programs off of me

 

[Penguin]

I will do freelance work for some of it, https://penguinmc.co[DOUBLEPOST=1600728326][/DOUBLEPOST]

Invest it into stocks or some sort of high-interest savings account.

Or that.

 

[Deposit]

Thats ironic. More machines means more money though . Also, send me a dm, I might rent out your machine, Scroll32#8539.

Added on discord!

You could buy python programs off of me

What do you offer? Add me on discord if you want.

Invest it into stocks or some sort of high-interest savings account.

I'm looking for something with a guaranteed positive ROI, and I'm underaged for high-interest savings accounts. Let me know if you know if any good ones though, maybe I could talk to my parents about it :shrug:

I will do freelance work for some of it, https://penguinmc.co[DOUBLEPOST=1600728326][/DOUBLEPOST]
Or that.

Yea probably the "or that" option, I'm looking for something that's more of an investment then a way of me spending my money.

 

[Wezel]

Added on discord!


What do you offer? Add me on discord if you want.


I'm looking for something with a guaranteed positive ROI, and I'm underaged for high-interest savings accounts. Let me know if you know if any good ones though, maybe I could talk to my parents about it ¯\_(ツ)_/¯


Yea probably the "or that" option, I'm looking for something that's more of an investment then a way of me spending my money.

You could always invest in some btc

 

[Arythite]

I need some good advice, like be serious 8|

Have your parents put it into an index fund and an S&P 500, on average it's 8% return a year with dividends reinvested.

 

[Deposit]

You could always invest in some btc

Last time I did that I lost $200

Have your parents put it into an index fund and an S&P 500, on average it's 8% return a year with dividends reinvested.

What's the rules and all that on being able to take it out? Like withdraw the money in there?

 

[Wezel]

Last time I did that I lost $200


What's the rules and all that on being able to take it out? Like withdraw the money in there?

Why did you cash out when it dropped? You wait till market is up again, thats like number one rule of investing, dont panic sell

 

[Arythite]

Last time I did that I lost $200


What's the rules and all that on being able to take it out? Like withdraw the money in there?

You don't wanna cash out, you just wait it out and it just keeps growing. You could cash out if you want since you would just have it lose value due to inflation otherwise. It's like stocks, you can buy stocks and then sell them later.

 

[Deposit]

Why did you cash out when it dropped? You wait till market is up again, thats like number one rule of investing, dont panic sell

You don't wanna cash out, you just wait it out and it just keeps growing. You could cash out if you want since you would just have it lose value due to inflation otherwise. It's like stocks, you can buy stocks and then sell them later.

Got it, haha, a lot of friends suggested stocks so that might be the way to go. However, I don't like putting a large amount of money at risk.

 

[Dev1]

Also Soccer I accidentally added you on discord my bad.

Hey Deposit, I have a suggestion, but I don't think I'm allowed to say it on here. Add me on discord: DevThePro#0001 if you want to hear about it.

 

[Zerxal]

the entire fund for the college I'm looking to go to is paid by my parents. (in a savings account)
before someone says car for next year when I turn 16, that's already done too.

Still not a good idea to find something to spend that substantial amount of money on. Much better to put it in a rainy day fund or some other savings.

 

[UNIRACKS]

Invest.