<prompt> Human: For a little background: Im 21 years old and have 40,000 in my checking account its taken me 8 months to save 33,000 of that money. I also have zero debt and 1 month ago I started a new job making 68,000year. I have very little expenses just mainly because Im an incredibly frugal person in an inexpensive city. I dont have a college degree however, but its been relatively easy for me to find high paying jobs in my city so far Im a software developer. The thing is, Ive always been told that making money is important, but now that I have it, I have no idea what Im supposed to do with it... Honestly, I dont even know what the difference between a savings and checking account is. The money is just sort of sitting there in my checking account and I feel like there should be a better way of making use of it.. I was thinking about buying a relatively cheap house in my neighborhood 110K; 2 bd2ba, probably rent it out for 900-1000mo which is 8 minutes from a massive public university and see if I couldnt fix it up a little and rent it out but I dont intend to live in this state for all that long and not sure if that would be the wisest investment if I move to another statecountry in a few years.I guess what Im saying is how should I manage my money so that its not just sitting in my checking account not doing anything. I clearly know how to save and make money, I just dont know what to do with it now.Any help? Thanks!  <response>: Dont let 40k sit in a checking account. At the very least, put it in a high interest savings account. I would also recommend consulting a financial or investment advisor. Your employer might offer one many do, esp if they match 401kAs far as renting goes, you could do that, but its a complete PITA. When youre out of state, youll have to hire a property management company to handle everything repairs, collections, filling vacancies, etc and they charge around 10 of the rent per month, plus repairs if needed. Plus, if you need to make repairs to it now, keep in mind fixer uppers almost always end up costing more than you expect. So your return might not be great. 