I second that! Life after HS is a bitch!

 

Take $500 and open an IRA for yourself. I have one from American Funds, nice diversity. Max that ho out to $3K/year and you'll be a rich bitch by the time you retire. I know I sound like "Dear Ol' Dad" but it's smart.

Then with $2K, get an LS1 or 6.0, cam, and stall. You'd haulass then.

 

Hey Hit Man X, can you tell me where I can find American Funds or wherever your talking about. I too just graduated from high school and would really like to save some money b/c if I dont do it now, Ill prob. be gone soon

thanks man

and 03keverado, I would just listen to these guys and do what you think sound coolest. Personally, Id supercharge that thing, I have a z/71,so dont really thing it would be that cool.

Good luck though either way.

 

I had an investment broker open my account. Easier that way to me. This is just an IRA (tax free! unless you withdraw early) not a large portfolio like Merrill Lynch or Schwab. Ya need more cash for a bigger mutual funds account. My account started off at higer risk and as time goes on tapers to safer investments.

Anyway... you can read more about them at www.americanfunds.com . The max for the IRA I have is like $3K/year. 800.325.3590

I get stuff in the mail regarding my account and the occasional Prospectus from them. It's not a lot per year at $3K, but it adds up if you start at 18 and keep at it...should be worth Upper Hundred Thousands by the time you're in your 40s....

 

save it for college, trust me. I wish I hadn't blown a lot of my HS graduation money on crap, I could have really used it during my freshman year of College.

 

Very well said

 

I too just graduated High School and got a bunch of money. Around $2300 I think. I would say save some for college and spend some on your truck. Thats what I'm doing. I'm trying to keep $1000 when I start my freshman year.
But the cheapest way to get power is nitrous. Buy a kit for about $500-$600 and you'll be whippin some ***!!!

 

Being a college student I'd have to agree and say save it. I only spend enough on my truck to keep it running. I've opened up a roth ira and soon mutual funds. Live cheaply in college, and when your out, all that money you save will now be a big pile. I'm gonna have enough money to buy the exact new truck i want when i graduate instead of half assing it through out college. That to me is worth it

 

actually, you'll be surprised at how little money you'll have when you graduate. I just graduated with a computer engineering degree, and I make a fair amount of cash, but after my bills, I don't have much left over.

******* car insurance and gas are killer.