#1 rule of investing, don't put your eggs in one basket.

If you're getting a settlement, do some investing while you are in your 20s and young, you'll need money to live off of when you retire and I sure hope you don't count on the government to take care of you in 50 years since the Social Security system is already bankrupt.

If you can get a mortgage, do it. Use the bank's money whenever possible and invest a portion of your settlement with a reputable advisor, keep your portfolio diversified and be smart with your money.

With cash in pocket its easy to say "hey i'll plunk it down on a house/car" etc, and be ok. But think long term, you also may want to pick up some side work if your job is not always steady,

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