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If you are coming into money as a young adult how should you best invest that money for long term financial stability?
Wiki User
∙ 14y ago
First you turn 18, the legal age to buy state issued scratch lotto tickets (some states legal age is 21 like Arizona), you scratch the little boxes until you win. You take that money and buy more, and so on and so forth until you have the money to put a down payment on a house. Second, you put the scratch ticket proceeds as a down payment on a house and live in that house for a year or two, making repairs and updates until the house is satisfactory and worth more money. Then you refinance that house and rent it out. Third, you rent that house, and use the before spoken of equity for a down payment on another house. and so on and so forth, and by the time you get all this accomplished, you will know what to do with yourself and you go from there!
This is the worst advice I have ever seen.
Wiki User
∙ 14y ago
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