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What to do with 20k at 20?



I’m a 19 year old kid from a third world country about to turn 20 in February. Currently, I’m studying in the US towards an engineering degree. I got an inheritance of 20k I was not expecting and have absolutely no idea what to do with it. Some important things to note:

  • My parents are paying for my education. For what’s left of my time in college, I will only have to pay for my food and personal spending and that will be done with money from a part time job I will get. I will have no use for the 20k for the next 3 years while I’m still being sponsored by my parents.

  • This means I also don’t need an emergency fund because for any emergency I will thankfully have my parents financial help.

I don’t know whether I should put the money in a savings account, invest in stocks, or something else.

submitted by /u/Blue_Monolith
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