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REDDIT

32(M). Have 40k in savings from my mom’s death, don’t know what to do.

M
Mar 26, 2025 · 03:17

I was never taught finances or have had any financial advice so I am a bit lost.

As the title says I have around 40k in savings. It is money that is able to be invested or used as smartly as possible. I’ve heard of high yield savings accounts (or a C.O.D) but don’t know how to go about that. Also thought of investing in stocks, I have about 10k in Robin Hood already.

What is the smartest way to utilize the 40k I have?