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Updated over 9 years ago,

User Stats

4
Posts
0
Votes
Michael Anthony
  • Columbia, MD
0
Votes |
4
Posts

Where should i use my money

Michael Anthony
  • Columbia, MD
Posted

Hello I am a young entrepreneur.  I do residential construction and I am currently living in a single family house that I am flipping.  I plan to live here for 3-5 more years because I enjoy the house.

I have money (roughly 20k) that is burning a hole in my pocket.  I want to fix up my house, but I also want to become wealthy.  My 2 biggest debts are my college loans and my truck. 

I am looking for advice on what to do with this money.  I could either pay off some debt to lower my debt-income ratio and this will help me buy more houses, or I could use this money to continue fixing my home.

I am open minded to any suggestions and would greatly appreciate some advice from a veteran investor or financial professional.  

Thank you!

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