<prompt> Human: I know this is a pretty standard post but i have heard of the great things you guys at rpersonalfinance have helped with.Im looking to set up my life, by being smartI currently live in WA Australia and obviously that means that i almost double my . First to clear up a few tings-I plan on studying at university in the next 7 years-I dont currently have a job never have-I live with my remaining parent-I dont spend a lot of money but any money i have spent has been taken out of this 190k poundsI am look for advise on whether i should buy a house over here and rent it out, then take out a mortgage on the 1st house and buy another maybe do this twice over a period of time then use this money from rent to help fund anything else i want to do on top of my yearly salary I like the idea of investing in housing and houses are always being built in WA. Im unsure if this is the best thing to invest in.or should i invest the money into something like stocks or another investment type?or anything else you suggest.Eventually i want to pay off my student loans but i also dont want to just spend all the money and not make good opportunities out of it. Please give me any other suggestionsadvice of how to deal with this money. Sorry if i do anything wrong with this post, this is my first.  <response>: Standard advice to look through: Read that twice over.190k pounds, while certainly a lot of money, isnt I dont have to do anything else for my life money. Do not buy a house with the money to rent it out, and certainly do not take out a mortgage on a 1st home to buy another. 1 you should never buy a house that you cant afford the payments on your own without rental income. 2 you dont even have a job yet. 3 you become a landlord, which involves a hell of a lot more work and legal obligations than you are thinking. Its not just cashing a check every month. 4 your young and may not want a house holding you back from moving around for work, etc. the list goes on.Personally, I would forget the 190k even exists and just live your life like you have been doing. Maybe take 10k and splurge on something to flush your system of any itch to spend. Take the rest and dump it into the market with low cost index funds see sidebar or just search this subreddit for more info. Lots of posts about this. 