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quote="lacedup"]The only reason I wanted to make "some" monthly money is so i can buy this car ive been wanting for years (subaru impreza wrx sti $32k).
That would be a terrible investment. Why would you throw away a full 1/3 of the money you are inheriting on an asset that will rapidly depreciate in value (or even worse if you would finance or, ugh, lease it). Get a $4K car and invest the difference.

I totally agree and would never buy the car unless i was making 6 figures...... Do you have any suggestions on what i should do what the money? I need some ones input on what they would do in my shoes.

Ok thanks, that helps a lot. So lets say you were put in my shoes exactly. Knowing what you know What would you, personally do?

Also about the one million net worth, my cost of living for the next 3.5 years is almost nothing as my parents are paying for college. The only reason I wanted to make "some" monthly money is so i can buy this car ive been wanting for years (subaru impreza wrx sti $32k).

btw Do we have any millionaires on the board?

Hello,
Im new to the forums and have read a lot of articals.
I am 17 years old and im in my 1st year of college in NJ. On my 18th birthday in about 3 months I will inherit $95k. Most kids my age are telling m to buy a $30k plus car with that money but I want to invest it. I want to get into investment realestate and I need some help from the gurus about what to do. Heres my goals and my situation

1) Im located In NJ, So i need property in that area

2) I'm inheriting $94k and am willing to invest all of it in real estate

3) I will have no credit as I would have just turned 18

4) I would like to be making Well into the six figure range per year within 3 years

5) I want real estate to be my career, my only Job

6) I would like to make at least $1k Per month within the next year.

7) Be worth (net worth) $1million with in 5-7 years

I would like to know if these goals are attainable and what would be my best route to attain them. I am very motivated. Thanks in advance