Suffered from a bad gambling addiction lost around $250K in the past few months. I have approx $75K left to my name, 18 going into college (EU) school will be cheap and my parents are going to split my expenses 50/50 I’m wondering how I should distribute what I didn’t gamble away to have a head start when coming out of college and being fully self sufficient
Put it in something like a treasury bond where it is very hard to get the money out for like 5 years
I would put the whole amount in VTI at Vanguard and leave it there until 67 years old. If the stock market performs the same in the next 49 years like it did the last 49 years you will have 9 million dollars.
If I am still alive then, you can thank me later.
In the meantime, read a book or two on delayed gratification.
Spend what you need to spend to seek professional help.
Could you give your money to your parents, so that you won’t gamble with it, and they can give it back to you when you are free from your addiction?
I am sorry that happened to you!
Thanks for the post
Thanks for the post
Good read
Good post