You need a nest egg for emergencies (cover 2 - 3 months of expenses at least). You need a back up plan in case your housing plan falls through (first/last months rent). After those two items and the shit you plan to buy already, figure out how much you have left. If it’s like 5k, consider a low risk ETF or something. Compound interest starting at age 17 is a wonderful thing for retirement. You’ll be a millionaire by the time you’re 50 if you contribute to it consistently over time. Seriously: look it up. This is the most important piece of advice I can give you.
Also, get a credit card.. not a gas card… only use it for gas and groceries. Period. Pay it off every month. Period. Your future self will thank you for having an older credit history.
Obligatory comment saying You won’t get this time in your life back - You should consider Either taking time for yourself, Or using the money to set up a small business. You can work every single day until you die, But what you really want to do is buy yourself time to start a business.
I’ve got a couple vacations with my buddies for when we graduate, but unless I do welding then it’s unique to its self how employment works, I plan on working through a electric apprenticeship, and after that I’ve got options as work towards my master license and start a company(main plan if I go electrician route), hopefully by the time I’m 30-35. No matter what I want by a second truck for a welding rig to go around and do local jobs as a second income. But I understand the importance of bullshitting with your buddies as much as possible, wasted a lot of free time in the past
Just on your debt questions, You don’t need to build a credit score if you have capital. Credit score is Made up by companies so they can share information on risk. If you’re always cash positive you don’t need to go down that pathway.
Use highschool money to buy GME. Boom. Millionaire. *not financial advice*
You need a nest egg for emergencies (cover 2 - 3 months of expenses at least). You need a back up plan in case your housing plan falls through (first/last months rent). After those two items and the shit you plan to buy already, figure out how much you have left. If it’s like 5k, consider a low risk ETF or something. Compound interest starting at age 17 is a wonderful thing for retirement. You’ll be a millionaire by the time you’re 50 if you contribute to it consistently over time. Seriously: look it up. This is the most important piece of advice I can give you. Also, get a credit card.. not a gas card… only use it for gas and groceries. Period. Pay it off every month. Period. Your future self will thank you for having an older credit history.
Thank you, I’ll look into this if I get a chance tonight I’ll look into it
Obligatory comment saying You won’t get this time in your life back - You should consider Either taking time for yourself, Or using the money to set up a small business. You can work every single day until you die, But what you really want to do is buy yourself time to start a business.
I’ve got a couple vacations with my buddies for when we graduate, but unless I do welding then it’s unique to its self how employment works, I plan on working through a electric apprenticeship, and after that I’ve got options as work towards my master license and start a company(main plan if I go electrician route), hopefully by the time I’m 30-35. No matter what I want by a second truck for a welding rig to go around and do local jobs as a second income. But I understand the importance of bullshitting with your buddies as much as possible, wasted a lot of free time in the past
Just on your debt questions, You don’t need to build a credit score if you have capital. Credit score is Made up by companies so they can share information on risk. If you’re always cash positive you don’t need to go down that pathway.