[Dave L]

A coworker of mine called me tonight. His grandmother died which is always sad. He was left $50,000 as an inheritance. He's in his mid 20's just bought a house recently and has a decent job. He is looking for options and has come up with 3 fairly logical options.

1. put towards retirement savings
2. pay off student load
3. buy rental property (Calgary house prices are up 60% comp. to last year)

I offered my opinion but I know that I am fairly conservative. What do you think???