I don’t know if this is what some people would call life changing money.
safe bet: long term investment for retirement or to buy a house.
dreamer me: study the piano bachelor you always said you wanted to do, even if it’s just the bachelor, and not a master, even if you’re doing it not for the money or fame, but just because you want to play and maybe teach part time, but mostly because is something I enjoy doing, even if teaching the piano is mostly a side job to my main job.
I don’t know what to do. Feel free to read my previous post, because it’s related to this one.
Having the whole retirement situation handled at age 20 has the potential to completely change someone’s life.
Every large decision you’ll make in your life will be influenced by money. Your risk tolerance is influenced by money.
At 20 year old with a 150k safety net can make different choices than the same 20 year old without those savings.
Having confidence that their retirement is funded can completely alter the trajectory of someone’s life because they took more risks or chose a career on passion and not for more income.