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Originally Posted by atsonicpark

You know, I have $8,600 in the bank and by the end of the summer I should have a solid $10,000. I'm looking forward to doing something cool with it -- any ideas? I live at home and pay my mom a little to live here, pay for internet and insurance and food and gas, all together I probably spend $300 a month but make about $1000 working part time. People keep telling me to take my money and invest.. in stock or land or something.. others say to put a down payment on a house... I don't really mind living here for a while, but it's taken me 3 years to get $10,000... and I'll definitely want to move out before I'm at, say, $20,000... so, I definitely want to own a house by the time I'm, say, 25...

So, what's a smart thing to do with $10,000 currently? Or should I just keep saving until I move out?

read this book:

http://books.google.com/books?id=5iIqi_OIKSAC&dq=rich+dad+poor+dad&pg=PP1& ots=zOwKFjt2N3&sig=GsyjTVxFHa0r_ComwHBssX2vfHE&hl= en&sa=X&oi=book_result&resnum=1&ct=result

it's cheezily written as fuck and full of crap stuff, and i'm embarrassed to recommend it, but it's got good notions about money, things you don't read elsewhere, like the psychology of people's relation to money and how this impacts our financial decisions. in that sense it's a great and very informative book-- but it's not "literature".

also keep in mind we're entering a bear market-- like, i'd invest in pepboys, not in gm stock-- but people who know this have been doing that already.