What would you do with $5,000

[robert]

Someone asked me this the other day:

I have been saving up and recently my savings account got up to 5,000 bucks. Ive never had this much money and Id like to invest it... but i am young and dumb and impulsive. What would you do with it?

This was my response:

How young?
how dumb?
how impulsive?

Age will sometimes limit you, but not most of the time.
Your knowledge will severely impact your success.
Impulsiveness will cause you to make unwise choices.

These are three points that you are aware of, since you said them yourself. I would be EXTREMELY careful with whatever you choose to do, until you have a better grip on those three points. There is nothing wrong with being patient and waiting until you gain more knowledge and have a better understanding about what you want to invest in.

There are tons of options out there. If you don't choose one thing, another thing will come along. There are good opportunities that come every day. Its not about the opportunity; its about you and if you are ready or not.

[Eshields1014]

I would first pay off my debt i am sure that would be all of the money but if there was any left i would fix my car and then computer i would use it to move and then by things for myself that i am in need of

[fred333]

I would the debt thing and then have a beer.

[freedomproject]

Invest it into Real Estate. And I know that average idea of invest in Real Estate is flipping homes but from my personal experience there are tons of other ways to invest with little of no money down.

[Stephen]

I would invest it into gold.