Is 30,000 dollars devout for age 13?

i'm 13 1/2 and i own roughly 30,000 dollars within my college stash statement. my nearest and dearest isnt really rich or poor...is this amount angelic, unpromising, or only just average?

Answers:
I agree next to one of the other answer member that they should invest in a risk-free method of investment resembling a compact disc. Also, you guys should check into the toll law concerning this money to produce sure Uncle Sam doesn't find any of it when it is cashed out.

This is moral word for your adjectives and satisfactory to go and get you started on a upright art. Only when you know what university you are going to and what your main will be will you know if it is satisfactory.
thats an insane amount! where on earth and how did u return with this?
it depends on how long you want to run to college for
Far above what the average child have save up, the is almost 2 years of college depending on where on earth you dance. Good position and accurate luck.
It is 30,000 more than most 13 year olds enjoy.

Your parents own done a extremely correct errand.

If you run to an in-state public college, your reserves will probably be capable of pay envelope a full year or more. Or you can use it to money a portion of respectively year.
that's a really polite amount of money for your age, that's amazing really.

Fancy buying me a drink?
It seem appropriate considering you enjoy five more years until college. But if you want to travel to a $40,000 a year arts school, its not going to cut it.
Your parents involve to invest that money somehow and bear it out of a funds details if that's where on earth it is. (Even if it's a 5 year compact disc!) It would increase in attraction tremendously!


JOY
Good duty to parents and kid!

I enjoy to agree beside some the other folks here though, look at getting a disc. With $30k within 5 years at 6% you be at $40,146.77 only just by letting compound interest do it's work. Basically it's 10k of low/no risk money for promising a guard that you are going to release it for five years
Your parents are doing a great undertaking in your favour to ensure you and your brother can step to college.


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