Key insights
- This post discusses an individual receiving an inheritance and seeking advice on investment strategies after paying off debt and establishing an emergency fund. The focus is on personal financial planning and wealth growth, with no direct implications for broader US equity market movements.
Hey all, I'm about to get an inheritance and I've never had money before. Paycheck to paycheck my entire adult life.
After I've paid off all of my high interest debts, I'll likely have around 100k left. I don't want to buy any new cars/houses/anything frivolous. Ive always lived below my means out of necessity and don't plan on changing that much. I want the money to work for me so I can sleep well at night.
I rent and have no intentions on buying a house anytime soon. My wife and I both have full time jobs that will cover the bills and we will setup a 6 month emergency fund in a HYSA.
I've never had the money to invest before, and there's a ton of info out there, so I'm just looking to see what people think would be the best course of action. Thanks a lot.