It depends how much you know about money.
$50k will hardly be enough to set yourself up, it will give you a headstart though. Although I guess this really depends on your idea of setting yourself up. To me it would be providing myself with an asset base that would generate an income to support my lifestyle
The stockmarket could be a good investment, if you know what your doing. Despite how scary it seems, there are fortunes to be made in bear markets, however in the current volitile state of global markets, the risk factor is fairly high.
Personally, I wouldn’t give anyone control over my money, I much rather spend time educating myself.
As you probably know, in oz 50k is merely a deposit on a property, but this is what I’d do with it. Not buy a house for myself, but an investment property. You probably won’t get any short term benefits but you’ll have yourself a nice asset in a few years.
I’ve known a few people to come across this sort of money before, and have all these plans only to blow it on material shit when it actually goes in their bank account. Don’t be one of these people.
What makes you want to start a new life in USA though? Just curious…[/quote]
Well yeah, it can’t set me up for life, but there must be some way to make the money work for me - some kind of investment that can produce good returns and allow me to make it multiply into bigger money.
I definitely don’t want to be one of those people whose plans go out the window when the money hits their account, and they squander it away. I’m getting too old for that shit anyway at 31 - and I need to use this wisely.
I want to start a new life in the USA because I’ve spent many years of my life here and it just hasn’t proven to be the most fruitful place where I can succeed as the person I am. I guess also I want to return to my roots - I was raised culturally in an American environment as a child because my dad was an Aussie expat living & working overseas. I had the ‘Yank’ accent and everything. I had a hard time when I came to Australia but I don’t think I ever really adjusted. Lots of great people here in Oz, beautiful place, but I guess maybe I would feel more at home and in place if I returned to the culture I was raised in.