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I am 26 years old and just won roughly $70,000 after taxes playing craps at a local casino. I have no idea what to do with my money. I have a student loan of 17k that I plan to pay off because the interest is so high and a car loan of 16k with a great rate. I have 10k in savings and am an independent contractor making on avg. $43k/yr but with no paid vacation/sick time or 401k. I'm looking to buy my first home and am looking into putting 50k down on it now. Is this smart? I'm looking into a Roth IRA but I just don't like the fact I have to wait until I'm 60 to take from it without penalty. What about high priced stocks like Wal*Mart, etc.? I currently have 0 investments.