I recently got a call out of the blue from someone that I went to Washington & Lee with back in the day. We were good friends during our Freshman year, but we joined separate fraternities, and for whatever reason, we didn’t hang out a whole lot after that.

Anyway, his grandmother just passed away, and he found himself in the verge of clearing almost $32,000 in an inheritance once the estimates fees and whatnot are taken into account.

He decided he wanted to invest the money. That decision alone put him ahead of most 24 year-old men out there.

But, of course, it leads to another far more important question: Invest in what?

That’s what prompted his call to me to discuss possible opportunities. He has a job, but no specific retirement accounts. That prompted me to suggest the following: Create a five-year plan and scale that money into … Read the rest of this article!