How should I handle a large sum of money 30-45k
What to do with large chunk of money 30k-45k
I won't get to into the details as they are irrelevant but It has not yet been paid out to me yet but depending on certain facts that'll i will keep to myself i will be receiving 30-45k.
I have no debt, currently own a house and some decent land that I have inherited and a shitty car that I am constantly fixing up.
I want to play things smart and unfortunately I know myself well enough that if I dont plan ahead I'll likely squander it all on stupid shit.
I would assume the most obvious answer is to put X into a Roth IRA and X into the stock market like QQQ or VOO. These are vague thoughts and id like something a bit more concrete. I will say it is my goal to move out of my current situation and back home to LA where cost of living is admittedly far more expensive but home is where the heart is.
Any advice is appreciated!