| The first thing to do IMHO is learning at least the basics on investing. You can afford to lose a few months in inflation to avoid following some rando's advice that doesn't fit you at all. The following is not even my advice, just what I think I'd do in that situation. There's many communities around these topics, I particularly like Reddit's /r/financialindependence. If I had $600k in cash right now, I'd treat it as a windfall and start reading around here: https://www.reddit.com/r/personalfinance/wiki/windfall There's a logic to maximizing your money/safety, which is very generic advice to a very generic question, and it goes something like: 1. Make sure to keep an emergency deposit, in cash, that would cover all your expenses for 3-6 months. Adjust for fun factor and culture. 2. Pay off high interest debt. 3. Pay off mid-interest debt. 4. Learn about investing. Investing can be from getting a degree/masters in a higher paying field if you are young and underpaid, to day trading with all its intricacies. Of course the general blanket response is ETFs, Bonds, etc. Learn about your risk tolerance. Higher risk normally implies higher profits. E.g. if you have most of your disposable income tied into good debt, you'll probably have quite a lot of profit. But get sick for a month with lower pay, lose your job, etc. and you might lose it all. |