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So, long story short, this will be from a settlement claim.
Although most of it will be going towards bills being paid off accredited during this claim, about half will still be left.
Now for some insight, I currently rent, and I’m okay with that, but I would like to be able to live off of this sudden settlement for a few months. I’m in the process of switching careers into a career I am more passionate about and have been in prior. (Real Estate, but have moved states since I was last in the industry).
I will have enough funds to fund my lifestyle for a few months (roughly 6 months), but I would like to double that.
I’m unsure what would be the great route when it comes to investing those funds. With so many different routes, I’m unsure which would be the best for me personally with such preference towards a shorter turnaround. Whether it’s a CD, crypto, stocks, real estate, etc. I’m unsure, or seeing if there’s possibly other routes I could take.
Mainly asking for hypothetical scenarios, and personal choices you’d make if you were to receive a lump sum.
What would you do with a sudden abundance of funds with a goal to double it within the next year?
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