I just made 700$$ what should i buy?

Question

im a 16 year old boy

Answer 1

Ha real estate, you're funny. I'd buy a nice bike and bank the rest of it.

Answer 2

invest it  

Answer 3

Go to the bank with your mom or dad, sit down with a bank rep and go over some investment options b/c if you invest most of your money it can earn you a yearly income so you will never have to work a day in your life!

Oh yeah, keep 100,$$$ for spending money!

~Kat~  

Answer 4

invest it in ... real estate.

The market is in a mid-term recession and you can get

really good housing prices across the country right now.

I would look for places with a strong locally rising economy

And dont put all your eggs in one basket!

Why buy one $700K House in California near the beach...

When you could have seven comperable homes for only $100K a piece in Florida!

Also, a great idea, is to leverage your money!

how? by being your own bank!

Keep the $700K in a Bank Account, Money Market, International Forex..

and then borrow money from other banks and put your account up as collateral! Then instead of the Bank Managing your Loan Assets during a potential Real Estate Market Collapse..  You could actually be in control, and shift away from Dollars and into stronger currencies or even commodities like gold, instantly and at your control.  Also, just like the government allows banks to borrow x10 times more money than they have, this same principal applies to you in a forex account for example, and you would potentially have x100 times the value of the amount you invested available for you to manage right now.

that'd be $70,000,000 Dollars you could Diversify

and, I didnt even get a chance to mention that you

earn interest multiplied by the leverage! is 500% Interest!

I also highly recommend this article, it explains why

Land is one of the Best Investments you can make Today.

Answer 5

Donald Trump started just like you.  Buy a building and fire all the employees.   Or buy a dirt bike. /

Answer 6

I agree with the others. You should save half of it and definitely invest the rest. You're 16 right? Well, guess what? College is right around the corner. And college ain't cheap! So spend your money wisely. You are never too young to start looking ahead into your future. Don't blow the money on something really stupid.