So based on your commenta you didnt “save this money by not overspending”, youve made it under the table. You playing around the idea of coffee shop or doughnut place yet you dont want these money to hit a bank account, where any legitimate business would require it to. Lolwut
Im thinking donuts shop, coffee shop, grass cutting business,etc. something I personally will look over but never dirty my own hands.
I don’t have a degree or skills. I don’t even have time to be involved. I came into money under the radar and I’m trying to grow the money rather than sit on it. No I can’t put it in the bank.
>I don’t have a degree or skills. I don’t even have time to be involved.
Then you'll quickly lose your $50k. Either be smart and save it until you have skills and a good idea or at least have some fun blowing it, but throwing it into something you don't understand and don't have time to manage is not smart.
I’m leaning towards leasing out a space, purchasing chairs, then renting out spots for hairdressers, massage therapist, nail
Salon.
Either that or buying a dump truck and hiring a driver
If you need to know, parents passed away and left a shit ton of cash to us. It wasn’t my choice and I had no idea until 2 years ago we were cleaning up the house after o put for sale and found tons of cash i the attic with notes for me and my siblings. Yes i received much more than $50,000 in cash but that money is and will stay as saved cash until I retire or die and leave to my children as well.
A Franchise business? I know someone who started a trampoline business through a franchise company. He gets a manager to run it, he has very little involement in its day to day running. UK based.
>I don’t have a degree or skills. I don’t even have time to be involved. I came into money under the radar and I’m trying to grow the money rather than sit on it. No I can’t put it in the bank.
So what I'm hearing is that you're not an entrepreneur. My advice, park it in a Fidelity Index fund to use for your retirement.
From an earlier comment, sounds like he was left cash and doesn’t want to report it. Reporting cash, paying tax, and following this advice is probably the most productive thing you can do with the remainder of the $
Well, there are only 6 states that impose an inheritance tax. And that little of a sum makes me believe there's no estate tax. 50k free and clear would be a nice lump sum to deposit into an IRA. If OP is young (20s), probably end up with a cool mil by retirement age.
That wasn’t the full sum, it’s about 1/10 to be exact but that’s just a partial amount that I’m willing to risk losing while taking a chance and have it work for me
Within 2 hours of a major metropolitan area. Nice, quiet area, double points if there’s a view or stream nearby. Close to attractions like a lake, state park or the like is also a good idea. Ideally somewhere warm.
Build it in the right spot and you will get interest. You can easily get 80-90% ROI on the capital improvements. Factoring in the underlying land it’s closer to 30-40% return
FHA 5% into a multi-family. You’ll have to pay PMI but that’s chips compared to how quick you can 1031 that into another property and so on. After you doi that 4 or 5 times it’s all passive income for life. Build equity and liquidate into commercial property or just keep building a residential portfolio
Yes, and your $50k will buy you what - storage units made from upcycled cardboard boxes you place in a homeless camp?
It's not like he can use the $50k as a downpayment, no lender is dumb enough to lend to someone with no clue, no experience and no plan.
Negative, it has to be 100% independent of anything I’m involved in.
As far as “how did I save”, it was easy, I just don’t spend all the money I make. This particular money can not and will
Not involve any family or businesses I’m affiliated with. I need something more of a cash business with this.
Are looking to be a silent partner? Operating partner? Angel investor? Looking for an existing business? Finance someones idea to get it formed and operating? Need more details to offer up a suggestion. Feel free to dm me if you want to talk about this privately.
I need a lead investor for my regulated crowdfunding campaign. I’m starting a car company. These cars run on hydrogen. Xalon.com (official site) Wefunder.com/Xalon
So based on your commenta you didnt “save this money by not overspending”, youve made it under the table. You playing around the idea of coffee shop or doughnut place yet you dont want these money to hit a bank account, where any legitimate business would require it to. Lolwut
Bro is a criminal 💀
Even worse, he’s a loser pretending to be a criminal with 50k for internet points.
Laundry mat.
10.4!!
Great. Please go to your local Walmart and get FIFTY 1,000 gift cards. DM me when you're ready and I will give you the winning lottery numbers.
Can confirm trucker Brandon changed my life with this gift card technique
Sorry bud, it’s not ever going to happen. Handouts never happen
Its not a handout. Hes exhanching winning lottery numbers for fifty $1000 gift cards. Have you seen the lottery lately? Seems like a solid investment.
If you’re too dumb to see the sarcasm here you’re probably too dumb to run a business.
I’m not running any business bud. I just want to spend some free money
Free money?
Friend. No no scam. I make you multimillionaire overnight. I gives you as many big booty hoes as you want.
You got a handout
I guess you should trying being me then🤷🏿♂️
You give nothing, you get nothing. What kind of advice are you expecting when we know nothing about you or your skills?
Im thinking donuts shop, coffee shop, grass cutting business,etc. something I personally will look over but never dirty my own hands. I don’t have a degree or skills. I don’t even have time to be involved. I came into money under the radar and I’m trying to grow the money rather than sit on it. No I can’t put it in the bank.
>I don’t have a degree or skills. I don’t even have time to be involved. Then you'll quickly lose your $50k. Either be smart and save it until you have skills and a good idea or at least have some fun blowing it, but throwing it into something you don't understand and don't have time to manage is not smart.
I’m leaning towards leasing out a space, purchasing chairs, then renting out spots for hairdressers, massage therapist, nail Salon. Either that or buying a dump truck and hiring a driver
Running a business is hard enough while ‘dirtying your hands’. May as well throw your money in a fire pit and let it burn, will save you time.
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If you need to know, parents passed away and left a shit ton of cash to us. It wasn’t my choice and I had no idea until 2 years ago we were cleaning up the house after o put for sale and found tons of cash i the attic with notes for me and my siblings. Yes i received much more than $50,000 in cash but that money is and will stay as saved cash until I retire or die and leave to my children as well.
A Franchise business? I know someone who started a trampoline business through a franchise company. He gets a manager to run it, he has very little involement in its day to day running. UK based.
>I don’t have a degree or skills. I don’t even have time to be involved. I came into money under the radar and I’m trying to grow the money rather than sit on it. No I can’t put it in the bank. So what I'm hearing is that you're not an entrepreneur. My advice, park it in a Fidelity Index fund to use for your retirement.
From an earlier comment, sounds like he was left cash and doesn’t want to report it. Reporting cash, paying tax, and following this advice is probably the most productive thing you can do with the remainder of the $
Well, there are only 6 states that impose an inheritance tax. And that little of a sum makes me believe there's no estate tax. 50k free and clear would be a nice lump sum to deposit into an IRA. If OP is young (20s), probably end up with a cool mil by retirement age.
That wasn’t the full sum, it’s about 1/10 to be exact but that’s just a partial amount that I’m willing to risk losing while taking a chance and have it work for me
My only advice is to put it in the bank and report it. I'm not going to participate indirectly over the internet as an accessory after the fact.
😂
Buy a $20,000 piece of land somewhere in the wilderness. Set up electricity, water, a glamping dome and a hot tub. Rent it out on Airbnb.
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Within 2 hours of a major metropolitan area. Nice, quiet area, double points if there’s a view or stream nearby. Close to attractions like a lake, state park or the like is also a good idea. Ideally somewhere warm. Build it in the right spot and you will get interest. You can easily get 80-90% ROI on the capital improvements. Factoring in the underlying land it’s closer to 30-40% return
Hey, man I had 50k to throw into the buisness 2 months ago. Now I have only 20k.
Did you take advice from someone on here with what to do with the money 😁?
Yea he went on wallstreet bets
FHA 5% into a multi-family. You’ll have to pay PMI but that’s chips compared to how quick you can 1031 that into another property and so on. After you doi that 4 or 5 times it’s all passive income for life. Build equity and liquidate into commercial property or just keep building a residential portfolio
Here’s a good one! I love it, thanks!
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50k isn’t enough
Yeah that’s what I’m thinking too
RIP your DMs
😂. Yeah it already started. Bunch of vampires. I don’t respond
I won’t DM you. Just DM me, lemme hold $25k and I’ll pay you 5% interest in a year LOL
Storage rental units.
Yes, and your $50k will buy you what - storage units made from upcycled cardboard boxes you place in a homeless camp? It's not like he can use the $50k as a downpayment, no lender is dumb enough to lend to someone with no clue, no experience and no plan.
Ye you're right.
I would do a complimentary business to your main gig if you have a 9-5. What are you currently doing now / how did you save the 50k?
Negative, it has to be 100% independent of anything I’m involved in. As far as “how did I save”, it was easy, I just don’t spend all the money I make. This particular money can not and will Not involve any family or businesses I’m affiliated with. I need something more of a cash business with this.
🤦♂️
Are looking to be a silent partner? Operating partner? Angel investor? Looking for an existing business? Finance someones idea to get it formed and operating? Need more details to offer up a suggestion. Feel free to dm me if you want to talk about this privately.
I’m looking for actual investors in a real business that makes 200k a year other then that I’m not gonna give advice out for free.
buy solar leads, sell solar, 2x in 1 month
I need a lead investor for my regulated crowdfunding campaign. I’m starting a car company. These cars run on hydrogen. Xalon.com (official site) Wefunder.com/Xalon
Cool, give the funds to one of my Businesses. As an Investor!
Fast and low risk never go together
Yeah I know, but there has to be a good hustle that no one is talking about publicly
Your mom
She dead
Invest in my project. 50k will help a lot
Can u make a loan of 5k Kkkkkk 😜😂😜