I have $25,000 in savings, am debt-free, and I live at home; what's the best way to make my money grow?

I'm 24 years old and making roughly $30,000 per year. I put 8 percent of my income into my employer's 401(k). I plan to buy a house within the next few years, but in the meantime I don't want to leave this money in a savings account with interest rates being as low as they are. I have $25,000 in savings, am debt-free, and I live at home. What's the best way I can use my savings to increase before I use it for a down payment?

Debt, Financial Planning, Real Estate
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2 weeks ago

Stocks are the best source to help your money grow.

I would first suggest thinking about a time horizon or goal on when you plan on buying a house. That should really determine what type of investments are suitable. If it's within a couple years, you don't want to be too aggressive incase a market correction happens within that window. 

Rule of thumb if you're young invest in stocks

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