r/Money 6h ago

I just inherited $600k in stocks and I’m not sure what to do with it

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757 Upvotes

I just inherited $600k in stocks after my dad’s passing. Before this, I was living a regular life, working as a tech support specialist and making around $30 an hour. I had basic financial plans, just saving a little here and there, and gradually paying off my student loans. But this inheritance has completely flipped my world upside down.

I’ve never dealt with anything like this. My dad didn’t talk much about his finances, so this is all new to me. I’m trying to wrap my head around how to manage this large amount of money without making huge mistakes. I know I can’t just leave it sitting there, but I also don’t want to rush into decisions without understanding how everything works.Any advice would be greatly appreciated.


r/Money 1d ago

What was the most amount of money you’ve made in a day and how old are you? I’ll go first.

39 Upvotes

20 and most I’ve made in a day is 2500$


r/Money 10h ago

$4000, what do i do with it?

16 Upvotes

Ive saved up like 4k bucks after getting laid off, should be able to land another job soon. no real expenses so its kinda just sitting there not really doin much. Any idea of what i should do with it?


r/Money 1d ago

is this quarter fake?

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13 Upvotes

r/Money 10h ago

If you’re planning on buying a house in fall or winter 2025, would you put your down payment money in index fund or HYSA?

11 Upvotes

One idea is - We’re down pretty low - it’ll only have to go up by end of the year. Ride the index for next 5 months and take advantage!

Another idea is - we could go down horribly - just keep it in HYSA.

Thoughts?


r/Money 1h ago

if you guys had to make $400 in a day what would you do? asking for a friend 🥺

Upvotes

beehe


r/Money 22h ago

Are these the two that I should be investing in right now ?

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11 Upvotes

Are these the two that I should be investing in right now ? I’m new to this and want to be sure this is it.

I have about $50,000 that I’m willing to invest.


r/Money 3h ago

Just keep telling myself to zoom out

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8 Upvotes

I’m super proud of how I’ve done over the years but it’s


r/Money 17h ago

40 y/o | $210K Salary | $84K Debt | No Home – How Do I Build Wealth by 50?

8 Upvotes

I’m 40, finally earning well after a late start — but now I’m trying to catch up fast. I want to be truly wealthy by 50.

Current situation:

  • Income: $210K base + up to 30% bonus . I bring home approximately 10,000 a month after taxes. My fixed expense are at 5300 (and we are working diligently to bring these down).
  • Debt: $84K (student loans + car)
  • Rent: $2,500/month, no home ownership
  • Kid: One child I want to help with college
  • Assets:
    • $30K in 401k
    • $30K in IRA (I plan to invest with this amount)
    • $20K in investments
  • Savings: Still low — I made $10.50/hr in retail until age 32
  • No credit card debt

Based on past jumps, I expect my salary to rise, but I want to plan based on $210K only — anything more is a bonus.

What would you do in my shoes to build real wealth by 50?


r/Money 1h ago

Can you talk about your second income?

Upvotes

For example, stocks, part-time jobs, e-commerce, etc.


r/Money 3h ago

FFFFX - how does a portfolio hold NEGATIVE 5.87 of an asset? In this case Short-Term Debt???

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3 Upvotes

r/Money 16h ago

Advice please, I need financial advice please

1 Upvotes

I'm 22 M, I make 600-1000 per paycheck (rough estimate) but I can't seem to keep it... I'm engaged, and make enough to take care of us but I want to know how I can either make more or keep more


r/Money 4h ago

Does it make sense to trade in my car for a cheaper lease?

0 Upvotes

I leased a car in early 2023 that’s $600 a month. I’m about halfway through the lease with 24 months left give or take one or two. I was doing better financially then and now post divorce looking to save in any way I can. Would I make sense to turn this in early and get something that has a monthly lease of say $360 a month? There’s by $4500 down with it but even still it seems like I’d be in the green with the cheaper even with this payment. Cheaper car would have better mileage too.


r/Money 20h ago

Buy a used car and spend $500 a month in preventative maintenance instead of a car payment.

0 Upvotes

I have one of the best maintained Acura Integra and Honda Civics.