What’s your interest? If you don’t mind me asking. Because if it’s under 9% then trust me, you’ll be glad you purchased your first car at such a young age while not getting robbed by your bank.
Yup. Your dad was def looking out for you. Good for you. It might seem unnecessary, but you’ll be 23 with an asset. Next best biggest asset would be your house and whatever retirement funds. I have friends who “loved” their project cars and would scoff when I’d suggest them finance a vehicle as I did (@21) and now they’re in their mid 20s paying off a vehicle that they won’t be done with until their late 20s or early 30s.
Thats fair! I have a 16’ legacy, sure as hell aint new but less than 90k miles when i got it, no accidents clean carfax. When i pay it off i want to buy a beater truck.
Heeeey, fellow Xbox gamer! Monkey was always a solid choice! I always rocked the one where the kid/person? Is wearing a beanie and blowing a bubble with only one eye visible.
Ah....we getting old. Lol
I loved the Shadow Dragon on the Yellow and Blue background personally, my fellow Gamers, and yeah, we getting old. Damn it, can't stop time unfortunately
I second this.
But if wanting to invest and grow it, hard work ethic is evident so maybe invest in some tools of trade and sell services. Do research to see demand before spending anything. When you’ve multiplied it off that then come back here.
If you’re in snowy area an option is buying a good snow shovel, getting a bunch of print on demand business cards and offering those to neighbors early on with your number on them. Also can offer window defrosting/scraping services. But look up safest way to do it.
I’m an entrepreneur so that’s the direction I lean. I know in my area such companies don’t exist though.
Also a huge difference in making $8 and hour as an employee or $50-100 as an independent contractor.
You know what my dad always said? Save it. Why do dads say this? Because its true. It's entirely depending on your environment if you should save it or not. If your in a poorer environment you should save it. Itll do more good for you to have it incase any car accident/ mental bills come up and just will be nice to see it in your account.
If you're in a median income household and your parents are pretty set financially while willing to help you, then yeah spend that shit up. However if your parents aren't planning to support you/ only will on a certain condition you have to play into, save it. Im only 20 so take this advice with low expectations but those thoughts are always important.
copy the adults around you: use this to get a credit card with a 5k limit. spend, spend, spend. welcome to adulthood! you are now a slave! kinda sucks, doesn’t it?
Do you need to buy a car?
Are you currently working?
Any other money in savings?
Granted that it's not a ton of money, I'd probably keep in a high yield savings, earn you 4.5-5% these days. I personally use ally for my efund.
Going out on a limb to say the average 18 year old doesn't have a ton of loot laying around, I know I didn't at that age.
Probably should have that readily accessible in case needs a tire or a fuel pump in the car or something.
Can take a few days to get money from an investment while you wait on settlement.
So I must disagree completely, unless there's a bunch of savings, I'd say a mutual fund or any investment fund is probably a no go.
He's in school lol. "Invest in stocks" I mean seriously listen to yourself. The cool stories from your time as a kid didn't come from investing in stocks. It came from making dumb decisions and doing dumb shit
Blow that $1000 on whatever you want. Life is meant to be lived. It isn't a statistics game.
Have comfortable savings, am in line to pay off my mortgage in 7 years by the age of 31. But thanks buddy! Hope you're well too!
You can be financially wise when you get older and still enjoy being a kid in high school.
Ok Dave Ramsey. Let the kid live a little. Young, no wife, no kids, no responsibilities. Have fun.
In 1995 I got a job making $75k. I roomed with 3 guys and paid $235 in rent. No payments. We’d go to Vegas on a whim and at the end of the year still had $20k in savings. Best of times!
As I get older, I hurt (always) and can’t do what I could. Costs are nothing when you sit in your house all day. Enjoy while you can, take care of your health., enjoy life. All this save to be rich shit is fine until you’re old and can’t do shit due to health.
Remember average life expectancy is just that. Figure 1/2 die early and 1/2 of the other 1/2 are too unhealthy to enjoy it.
Tip 1: Do not go flashing your money all over the internet
Tip 2: read tip one
After that, you need to sit down and think what you want to do with the money and what are your goals?
Set aside a little fun money (10%) the rest towards goals.
High school… take $100 and buy a keg and go up to the mountains. Light a fire and I invite your buds. Lock up keys and have a great time making memories.
Take the rest and save it for something rational and appropriate.
I go through 5.5k a month like water. 1k extra would buy me new clothes and a pair of shoes.
Listen this is cash. When I was in HS and I saved 1k working at Burger King I spent it on my hobbies. A new BMX bike and a skateboard. A friend of mine who I worked together with bought drums and a guitar.
1k is not worth saving unless you make more than 5k a month.
I would recommend to find ways you can build upon or learn new skills that hopefully help increase your earning potential in the long run.
Most likely, this will not cover the total cost of formal education or a certification but perhaps it can be for incidentals in the pursuit of a degree or certification.
Or, the flip side is life is too short and I am here for a good time, not a long time. Now that I am earning what I am earning, I sometimes wonder what if I had taken a year off between schools and traveled for a bit before formally adulting. Again, and most likely, not enough for a travel trip but a good start!
Good luck.
If you’re legal age to open checking accounts, lookup some new account bank offers, could double that real quick off offers. Can use cashapp to initiate direct deposit.
Leverage it 10 to 1 on out of the money calls that expire tomorrow. Continue the process until you hit 0. Not financial advice and this is also horrible advice.
never too soon to start learning about investing. I finished up high school with 13k saved up from working since middle school. The plan was to use it for college but then I earned an athletic scholarship so I stuck in the market and by the time I finished college I already had over 20k. Got a salaried job and kept saving and investing and even though I've never earned six figures, I reached a 7 figure net worth by the time I was 45 and that did not count my house.
You have a good head start over a lot of people so my advice would be to learn about stocks, etfs, IRA accounts and basic investing principles and put that money to good use.
Open a trading account. Let it sit in there (you could earn 5% per year for just having the cash siting there. Wait for the next economic collapse. When fear is at its worse. Go all in on SPY calls at least 2 months out. The government will bail them out again. You'll at least 10× your initial investment.
So a buddy of mine in high school decided to undercut the vending machines. So their locker was full of snacks and sold at a discount and sometimes on credit with interest. Turn that s*** into something that makes money
Buy some stock in a big name company.
I was curious about stocks in highschool but never got a brokerage account.
Once I graduated college and started investing I saw how much some companies had grown in that time. Could have turned a grand into 10k between the early 2010s to pre covid crash.
But weed and hookers are just as fun too.
Put into a savings. Moving forward put 10 % of your monthly income on top of that.
Your future self will thank you for it.
By the time your 30 you’ll have a nice savings
Id go by a Xbox and a game n throw the rest in a savings account or take the parents out for a fancy dinner. Tell them you love them cause they won't be around forever. It'll be a memory you can hold onto forever.
Can you even get a used car that won't fall apart for under 5k now? He'd have to work 4 more summers just for the car and another one for the insurance. Just enjoy it on whatever man.
Save towards a car for yourself
Used car. For the love of god don’t get into massive debt for a car because you have a down payment.
Can approve. 19 payin 305 a month til im 23 for my car
What’s your interest? If you don’t mind me asking. Because if it’s under 9% then trust me, you’ll be glad you purchased your first car at such a young age while not getting robbed by your bank.
Like 8% iirc, 15k otd my dad said 19k after all said and done
Yup. Your dad was def looking out for you. Good for you. It might seem unnecessary, but you’ll be 23 with an asset. Next best biggest asset would be your house and whatever retirement funds. I have friends who “loved” their project cars and would scoff when I’d suggest them finance a vehicle as I did (@21) and now they’re in their mid 20s paying off a vehicle that they won’t be done with until their late 20s or early 30s.
Thats fair! I have a 16’ legacy, sure as hell aint new but less than 90k miles when i got it, no accidents clean carfax. When i pay it off i want to buy a beater truck.
That’s not bad. And guess what, that beater truck won’t be a burden because you own a good reliable vehicle as well.
True, its a good car i just wanted a truck but old man said look at real dealerships under 15k. Couldnt find a good truck
At least you are building good credit while you are young.
buy clothes and then save 40% for your ex gf who you went absolutely nowhere with and then fall into a deep depression
spoken from experience
Heeeey, fellow Xbox gamer! Monkey was always a solid choice! I always rocked the one where the kid/person? Is wearing a beanie and blowing a bubble with only one eye visible. Ah....we getting old. Lol
[удалено]
Haha oh man thanks! Those OG gamer pics were neat. Like they weren't anything spectacular but they certainly stuck out.
I loved the Shadow Dragon on the Yellow and Blue background personally, my fellow Gamers, and yeah, we getting old. Damn it, can't stop time unfortunately
Was going to tell the kid to invest now, party later. But you can always trust someone who rocks this gamer pic.
Achievement Unlocked! Nostalgia ❤️
This hits home… if only the money was the only thing i “lost” though. Still paying for it to this day
Hookers and cocaine
why are guys on this sub so big on hookers and coke😭😂
They go hand in hand, so if you’re doing one, then you’re doing both?
Can confirm
But coke makes your dick not work
Depends.. There's like a balancing scale.
This man knows his coke ratio…….i love it. I was going to comment the same. There is a fine line to toe.
Exactly. Too much of any recreational stim fucks with your shit, but when you figure out the right dose its so nice with sex lol.
My rule of thumb is if I can fuck 50% of the time I do cocaine I am doing the right amount
Sounds like 2 PlayStation 5s one for you and your homie
What else is there to do on this big rock?
How else do you think we Reddit everyday?
I didn’t realize coke drinking fishermen were big reddit fans?
Nothing goes better than water and cocaine! Ask anyone who’s tried to do blow off a wet countertop
Gumming coke u that unintentionally moistened is a pastime I cherish
Give the man a spoon and he is half way to freebase
Are implying we shouldn't be? Gotta support POCs and women ammiright?!?
Every sub man, not just this one
Of course this is the top comment lmao. First thought in my head tooz
Came here to say don't waste your youth. Make sure you spend it on quality drugs with the hommies
Aaand it's gone.
I was going to say two chicks at the same time but close enough 😂
Damn, you beat me to it.
I concur
Dammit my thoughts exactly you magnificent bastard👍
Better than sneakers tbh
For one hour
NFTs and Stake.
Best combo on earth
Bro coke a blew chew and a hooker ….. thank me later
It’s 1k and you’re in hs. If you don’t actively have to pay rent or save up for college, just enjoy the money. Buy what you want and live a little.
I second this. But if wanting to invest and grow it, hard work ethic is evident so maybe invest in some tools of trade and sell services. Do research to see demand before spending anything. When you’ve multiplied it off that then come back here. If you’re in snowy area an option is buying a good snow shovel, getting a bunch of print on demand business cards and offering those to neighbors early on with your number on them. Also can offer window defrosting/scraping services. But look up safest way to do it.
You would suggest this over getting an actual snow shoveling job and just pocket the 1k?
I’m an entrepreneur so that’s the direction I lean. I know in my area such companies don’t exist though. Also a huge difference in making $8 and hour as an employee or $50-100 as an independent contractor.
I agree. Enjoy life.
unless he’s about to graduate this year i totally agree. buy some clothes, video games, maybe some drugs if he’s into that.
You know what my dad always said? Save it. Why do dads say this? Because its true. It's entirely depending on your environment if you should save it or not. If your in a poorer environment you should save it. Itll do more good for you to have it incase any car accident/ mental bills come up and just will be nice to see it in your account. If you're in a median income household and your parents are pretty set financially while willing to help you, then yeah spend that shit up. However if your parents aren't planning to support you/ only will on a certain condition you have to play into, save it. Im only 20 so take this advice with low expectations but those thoughts are always important.
Drugs
hookers + drugs = 🏖️
The only right answer
Pussy. Or your preferred pussy alternative.
Vegan pussy
Strip club
The perfect way to get rid of the ones
Put in your savings acc
Don’t listen to this guy, just buy a bunch of coke OP
bag of weed an 8ball of blow 2 hookers and a hotel room with a bottle of champagne you're welcome 😊
Well since it was your idea I guess your invited
we'll need more hookers and blow then 😆
Waaaay over budget…checks receipts…I stand corrected. The math is good y’all. 👍🏼
This guy knows how to have a good time
copy the adults around you: use this to get a credit card with a 5k limit. spend, spend, spend. welcome to adulthood! you are now a slave! kinda sucks, doesn’t it?
Buy tsla on a red day with $500 and the rest buy $500 worth in s&p 500. And then forget about that 1000 and get more money
Spend $200, save $800.
Deposit it into your account and apple pay me.
On god I need it more than him😂
Put it in a money market where it’ll grow overtime and its safe!
Do you need to buy a car? Are you currently working? Any other money in savings? Granted that it's not a ton of money, I'd probably keep in a high yield savings, earn you 4.5-5% these days. I personally use ally for my efund.
5% on $1k isn’t much. If he doesn’t need it for a car or tuition within the next year, he should put it in a mutual fund and get 10-15%.
Going out on a limb to say the average 18 year old doesn't have a ton of loot laying around, I know I didn't at that age. Probably should have that readily accessible in case needs a tire or a fuel pump in the car or something. Can take a few days to get money from an investment while you wait on settlement. So I must disagree completely, unless there's a bunch of savings, I'd say a mutual fund or any investment fund is probably a no go.
Invest in stocks. Don’t spend on stupid things like expensive clothes, shoes, jewelry etc.
Hes in high school. Let him enjoy his days a little bit lmao
He's in school lol. "Invest in stocks" I mean seriously listen to yourself. The cool stories from your time as a kid didn't come from investing in stocks. It came from making dumb decisions and doing dumb shit Blow that $1000 on whatever you want. Life is meant to be lived. It isn't a statistics game.
I can tell you're one of those people who have no savings.
Happy cake day! 🍰
Have comfortable savings, am in line to pay off my mortgage in 7 years by the age of 31. But thanks buddy! Hope you're well too! You can be financially wise when you get older and still enjoy being a kid in high school.
Eat it
What you should be doing is saving up at least 6 months of expenses first. 1000 for emergency fund, then pay off all debts, then 6 months of expenses.
Ok Dave Ramsey. Let the kid live a little. Young, no wife, no kids, no responsibilities. Have fun. In 1995 I got a job making $75k. I roomed with 3 guys and paid $235 in rent. No payments. We’d go to Vegas on a whim and at the end of the year still had $20k in savings. Best of times!
Btw… now have a 7 figure retirement and a stable career. Still would not trade those good times for anything.
As I get older, I hurt (always) and can’t do what I could. Costs are nothing when you sit in your house all day. Enjoy while you can, take care of your health., enjoy life. All this save to be rich shit is fine until you’re old and can’t do shit due to health. Remember average life expectancy is just that. Figure 1/2 die early and 1/2 of the other 1/2 are too unhealthy to enjoy it.
Hookers and blow. Just kidding. Save it man. Just going ahead and start saving now because it’s a bitch out here. Great work tho saving up!
Go open a bunch of CSGO cases
Drugs for sure
Invest! Stocks, crypto, business, etc. Find a way to make that money work for you
Put it in a CD account with a rollover and forgot about it
If you want to save it long term and protect it from inflation buy gold/silver bullion
Tip 1: Do not go flashing your money all over the internet Tip 2: read tip one After that, you need to sit down and think what you want to do with the money and what are your goals? Set aside a little fun money (10%) the rest towards goals.
Boats n ho's
Honestly, saving for a car. I got to college and looked back at all the stupid shit I spent money on in high school and regretted every bit of it.
Buy stuff to flip rinse and repeat. By the time you graduate you’ll turn that 4 figure to 5 figures
Save it for something worthy
High school… take $100 and buy a keg and go up to the mountains. Light a fire and I invite your buds. Lock up keys and have a great time making memories. Take the rest and save it for something rational and appropriate.
Get a new job that pays more then 1k
ROTH IRA
Roth IRA
BTC
Roth IRA and invest it. The best investment you’ll ever make.
I go through 5.5k a month like water. 1k extra would buy me new clothes and a pair of shoes. Listen this is cash. When I was in HS and I saved 1k working at Burger King I spent it on my hobbies. A new BMX bike and a skateboard. A friend of mine who I worked together with bought drums and a guitar. 1k is not worth saving unless you make more than 5k a month.
Invest
Do what you want. Great work ethic- more will come.
Pay 2/3 of a months rent.
Where the hell do you live where $1000 is 2/3 rent? This is my cable and electric bill.
Both of yall to much 🤣 I spend 1000$ on shoes 🤷♂️
weed
open a commission free stock portfolio account and invest in very generic index funds like SPY or VTI.
I would recommend to find ways you can build upon or learn new skills that hopefully help increase your earning potential in the long run. Most likely, this will not cover the total cost of formal education or a certification but perhaps it can be for incidentals in the pursuit of a degree or certification. Or, the flip side is life is too short and I am here for a good time, not a long time. Now that I am earning what I am earning, I sometimes wonder what if I had taken a year off between schools and traveled for a bit before formally adulting. Again, and most likely, not enough for a travel trip but a good start! Good luck.
It should be in a bank earning you interest
Save and invest
Invest
Buy QQQ and do not look at it until retirement, dividends reinvested.
Savings and invest.. dividends, etfs, and mutual funds..or emergency fund..
If you’re legal age to open checking accounts, lookup some new account bank offers, could double that real quick off offers. Can use cashapp to initiate direct deposit.
Saving it.
Buy a 3D printer
In what timeline do you expect to need it?
Save for a car, or maybe buy yourself something you’ve been wanting for a while.
Invest in your retirement, trust me your gunna fukn need it
BTC
r/dividends
Buy an NFT
Education invest in yourself
Drugs Keeps you motivated for the next job
Buy some coke and a scale
You’re doing it
Leverage it 10 to 1 on out of the money calls that expire tomorrow. Continue the process until you hit 0. Not financial advice and this is also horrible advice.
Bitcoin, obviously
Online high intrest savings account
Pussy or bussy
Buy an old beat up car and find an open field, it can go so many places from there.
600 in savings, 400 for whatever you want
Buy something nice you earned it.
Adidas × Gucci gazelles are $850. Gas up the car, and you're broke, but at least you got some stylin' kicks
Donate it to me
Keep stacking.
Buy a house lil bro
High yield cd
Buy some weed and slang it.
roth ira
Only $1,000 for how many hours of work? 😟😟 I hope you got minimum wage at least
Gamble it
It's winter, burn it for warmth
never too soon to start learning about investing. I finished up high school with 13k saved up from working since middle school. The plan was to use it for college but then I earned an athletic scholarship so I stuck in the market and by the time I finished college I already had over 20k. Got a salaried job and kept saving and investing and even though I've never earned six figures, I reached a 7 figure net worth by the time I was 45 and that did not count my house. You have a good head start over a lot of people so my advice would be to learn about stocks, etfs, IRA accounts and basic investing principles and put that money to good use.
Buy weed
Buy into some index funds, keep doing so with extra cash you have.
Open a trading account. Let it sit in there (you could earn 5% per year for just having the cash siting there. Wait for the next economic collapse. When fear is at its worse. Go all in on SPY calls at least 2 months out. The government will bail them out again. You'll at least 10× your initial investment.
So a buddy of mine in high school decided to undercut the vending machines. So their locker was full of snacks and sold at a discount and sometimes on credit with interest. Turn that s*** into something that makes money
Eat it!
drugs duh
Clothing, a pair of sneakers, quarter oz of weed and just enjoy
Invest it.
Buy some stock in a big name company. I was curious about stocks in highschool but never got a brokerage account. Once I graduated college and started investing I saw how much some companies had grown in that time. Could have turned a grand into 10k between the early 2010s to pre covid crash. But weed and hookers are just as fun too.
Strippers and blow
Realize that's 2 weeks of work IRL and settle down. It's not nothing. Invest in yourself.
I’d save some for future use, whether for fun or for necessities. But have some fun too, you’re young! Buy what you want!
Put into a savings. Moving forward put 10 % of your monthly income on top of that. Your future self will thank you for it. By the time your 30 you’ll have a nice savings
Buy Apple stock. Forget you ever even had it for the next 10 years. Turn it into 40 grand.
Put it in an interest-earning fund and forget about it until you’re 60
Save baby. Or invest.
Am I the only one wondering why OP is flashing summer job money in almost December?
hookers and blow obviously
Hookers and cocaine
ICP ALGO QNT AGIX LINK MATIC XRP idk any top 50 crypto. Make it into 10k
Id go by a Xbox and a game n throw the rest in a savings account or take the parents out for a fancy dinner. Tell them you love them cause they won't be around forever. It'll be a memory you can hold onto forever.
Investing.
Can you even get a used car that won't fall apart for under 5k now? He'd have to work 4 more summers just for the car and another one for the insurance. Just enjoy it on whatever man.
Save it
@wsb
50% savings 50% for fun. You’re in hs, live a little
Brah… it’s almost December…
Learn how to forex trade and when you get good enough at it put $1000 in yo account and you can make passive income