Hello everyone,
I’m not sure if my question belongs here, but I’ll give it a try anyway. I’m currently 18 years old and would love to move out and buy a house before I turn 25. I know this is quite difficult due to the housing market and all. However, I believe that if I play it smart with saving/investing, I should be able to achieve this.
At my job, I will be receiving a total of €30K from January until the end of May (€6K per month). After this period, I will have a standard salary of €2,900 per month, most of which I save. I feel like it would be a waste to just leave this money sitting in my savings account since it will only lose value over time, and that way, I will never be able to buy a house.
So my question to you is: What can I do to prevent my money from losing value and maybe even make it grow? I don’t want to take excessive risks and lose everything.