Hello
I'm 56 years old, single, and have been living paycheck to paycheck for years. I received an inheritance about a year ago. It was 275,000. 220,000 is now left after paying off debts, buying some toys, helping out some friends in tight places, taking one trip, and buying a hybrid to stretch the gas $.
OK, maybe these weren't all wise, but what's done is done.
My question is what to do with the remainder, which to me is a large amount but I'm told w/o care it can go away fast. I will need to rely on it to live comfortably when I can no longer work. OTOH, I'd like to use some to give me some flexibility to move to a higher paying job (so, among other things, it'd be less of a temptation to touch this money).
I've never invested before, and what with recent rises in gas and food prices (I graduated in 1974 when similar "stagflation" was in the news), I am somewhat spooked, but feel doing nothing (the money is in a money market account now paying 3%) is a bad idea.
I hear ads for gold, investing in foreign currencies etc. Really not sure where to go. Any input would be helpful.

First, set aside about 10,000 in an high interest savings account as an emergency fund.
Second, go to Dave Ramsey's web site and look under ELP's for a financial adviser in your area that he endorses. They will help you invest the money.

In my openion you have to go to bank to invest all your money. So that you can save it and use it for your future. if some thinh left then give it to me ,just kidding.

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Do nothing unless and until you actually understand what you're doing.

Simply park the cash in a bank CD for a year to give yourself time to educate yourself.

Also, I would recomend you read the book, The Richest Man In Babylon.

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Gary Spicuzza, *SAFE
Copyright 1956
No Rights Reserved
*Self Appointed Financial Expert

Firstly I would put the money in a high interest saving account for half a year or until you know what your doing so you gain interest and grow your money.

Secondly the share market is a decent way to grow your wealth especially when you have a lot of money to invest, and allow you to retire early and live off the money you have received.

You should leave the money a high interest savings account while you are doing your research on the share market to find the perfect business to invest in. When you are ready to invest to be save you should leave 15% of the money in the high interest savings account to be on the save side to be prepared in an emergency should occur.

Lastly it's worth spending a extremely small amount of the money to see a financial adviser to expand your choices and get the right advice.

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www.financiallyenhanced.com

All the financial help you will need.

Do some research about business the one that interest you most , If you have knowledge in that business why not try to start one,but start in small capital only.

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