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Message: [QUOTE="gracey, post: 1268985, member: 84187"] I'm with Joe. I don't think you have the knowledge or expertise to deal with rental property, plus, even in a good market it is easy to make a bad investment. The bottom isn't out, and the likelihood of you being able to get loans terms with the jobs you currently possess would have you maxed out. Kiss school goodbye and hello foreclosure with a bit of bad luck. I worked in real estate for a long time, and think others have pointed out the pitfalls you would be confronting, even if you DID know what you are doing. Which you don't. I also don't think you yet have the expertise to deal with metals and the many other good investments recommended. $40000 can disappear quick on a spending jag or a bad investment. If you must, set aside money for your tuition, and take $1000 to put in some sort of high yield investment to help you learn. (Or there are web sites that you can take pretend money and learn how to invest.) That would still leave (presuming you don't have taxes on this windfall??) a large sum of money to stick in a cd while you learn about investments and finish your education. You have so much growing up to do. It's okay to be a late bloomer, but, you do need to learn a whole lot before you can feel good about the decisions you are making. Even then, you may still have a knot in your stomach. 5 years from now you will be a lot smarter, and the economy much stabler. That is a good time to revisit how to spend this money. You will have finished your education, have some experience. I'd also strongly recommend that you not follow Ivan's advice, or your own inclinations to build a foam pit in your backyard. You'll be working those two low paying jobs forever, with that sort of piss your money away attitude. Then you can forget the houses and other stuff. Good luck to you. I think you are showing great wisdom in asking for people's advice. It is good that so many knowledgeable and experienced people stepped forward here. Now, it is up to you to be smart enough to follow the advice you've been given. [/QUOTE]

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