I Inherited $200,000. What Should I Do?

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On Quora, someone asked:

“I have $200,000 from my inheritance, I am a 30 year old with a wife, and have a bad part-time job. I have lots of time, but am not sure what to do with the money. What do you suggest?”

This is how I responded:

You should put it all into a FDIC insured savings instrument and not touch it. Get a better job and figure out how to manage your finances, along with your lifestyle before making decisions on what to do with six figures.

—

Originally posted on Quora.

Leonard Kim is Managing Partner at InfluenceTree. At InfluenceTree, Leonard and his team teach you how to build your (personal or business) brand, get featured in publications and growth hack your social media following.

 

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