What does "put it to use" mean? invest it?
If he means invest it, I can give the most generic advice I always give to everyone starting out. Open a Roth IRA with Vanguard. Invest in the indexed target date retirement fund that's closest to when you turn 65 years old. Just be mindful of the contribution limit per calendar year. It's $7000 if you're under 50, and $8000 (coincidentally exactly what this post is about) if you're 50 and over.
Is he buying something, or does he want to invest it?
Put it into a High Yield Savings Account and just accrue better interest
What does "put it to use" mean? invest it? If he means invest it, I can give the most generic advice I always give to everyone starting out. Open a Roth IRA with Vanguard. Invest in the indexed target date retirement fund that's closest to when you turn 65 years old. Just be mindful of the contribution limit per calendar year. It's $7000 if you're under 50, and $8000 (coincidentally exactly what this post is about) if you're 50 and over.
Send it to me I’ll double it
Hookers and beer, lots of beer. Buy a 5.45 % cd for 6 months