Whatever you do, remember your 1.5M will largely grow to whatever number in whatever time frame as a matter of luck, smarts, and hard work, in unequal amounts. And no matter how rich you are you can't control your luck or how smart you are or how big a factor they play or not.
Saying invest in this or that is meaningless. Might work or might not. They don't know.
What you can do is make sure your money is reasonably secure, reasonably diversified, and then use the knowledge that you are financially secure to pursue a high paying career with more aggression than what us poor people can muster.
If I were 23 with 1.5M it would mean picking a field, and spending 10 years mercinarily extracting all the knowledge I can from who I could, never allowing myself to get into a rut of performing grunt work for pay. Take jobs, use them for 6 months, then leave. Repeat. With a goal of becoming an ultra valuable person by age 35 who's knowledge is in demand to the tune of $300+/hr.
It's probably a good idea for any young man to do, but is a million times harder while trying to save up from zero and build a career, like most of us will do, and somewhere in there finding a good woman and having a family too.
In the choice of being a landlord because you happen to have been left real estate, getting "good" at that, whatever that means, and not having any marketable skills when you're 35, relying on your assets to sustain you... Or...becoming a willing participant in a modern complex economy with high value and high pay, plus millions in the bank, the latter is a surer bet.
If you had 10M, my advice might be different.
Saying invest in this or that is meaningless. Might work or might not. They don't know.
What you can do is make sure your money is reasonably secure, reasonably diversified, and then use the knowledge that you are financially secure to pursue a high paying career with more aggression than what us poor people can muster.
If I were 23 with 1.5M it would mean picking a field, and spending 10 years mercinarily extracting all the knowledge I can from who I could, never allowing myself to get into a rut of performing grunt work for pay. Take jobs, use them for 6 months, then leave. Repeat. With a goal of becoming an ultra valuable person by age 35 who's knowledge is in demand to the tune of $300+/hr.
It's probably a good idea for any young man to do, but is a million times harder while trying to save up from zero and build a career, like most of us will do, and somewhere in there finding a good woman and having a family too.
In the choice of being a landlord because you happen to have been left real estate, getting "good" at that, whatever that means, and not having any marketable skills when you're 35, relying on your assets to sustain you... Or...becoming a willing participant in a modern complex economy with high value and high pay, plus millions in the bank, the latter is a surer bet.
If you had 10M, my advice might be different.