how to grow a $7,000 settlement.

[Ahkeem Smith]

Okay, so I currently own my home that I plan to eventually rent out as my first actually investment property. My mortgage is $650 a month and it’s a 4 bedroom 1 1/2 bath row home that should rent for about $1200 in my neighborhood. At the moment, I’m aggressively paying off a little debt using Dave Ramsey’s avalanche approach to ultimately lead me to a debt free start or 0 net worth. Meanwhile, I’ve been blessed to receive a grant in aid settlement from my college football alumni and I want to immediately put it away until I’m ready to purchase my duplex. I’m asking my bigger pockets experts how to save that money until I’m ready to use it for my next investment move? Any suggestions?