What would you do with 50k

[rubbieslippers]

I have been lurking here for a while and love the site. I have just come into about 50k, and don’t have any ideas on how to, or where to put it. I am aware you are all strangers but was thinking this is as good a place as any to get some ideas. I have always wanted to work for myself,(maybe a small deli cafe or coffee shop) A but 50k is not alot to get started in business. Besides plastic surgery, I haven’t a clue.

I am happily renting until prices fall enough to buy. I have a small down payment, and plan to buy when FHA is fashonable again. I don’t want to put it on a home.

[moneymaker]

I would not spend any of it on plastic surgery. We all age, just accept it and love yourself the way you are. I know it is a highly personal decision, everybody in my family except me has had it. I am so grateful that my wife is of the same mind, when I think about it she has a lot of great characteristics that compliment me. OK, so what to do, good question I had some money in a money market account but that doesn’t pay much anymore. I would suggest just hang onto it.

[moneymaker]

I would not spend any of it on plastic surgery. We all age, just accept it and love yourself the way you are. I know it is a highly personal decision, everybody in my family except me has had it. I am so grateful that my wife is of the same mind, when I think about it she has a lot of great characteristics that compliment me. OK, so what to do, good question I had some money in a money market account but that doesn’t pay much anymore. I would suggest just hang onto it.

[moneymaker]

I would not spend any of it on plastic surgery. We all age, just accept it and love yourself the way you are. I know it is a highly personal decision, everybody in my family except me has had it. I am so grateful that my wife is of the same mind, when I think about it she has a lot of great characteristics that compliment me. OK, so what to do, good question I had some money in a money market account but that doesn’t pay much anymore. I would suggest just hang onto it.

[moneymaker]

I would not spend any of it on plastic surgery. We all age, just accept it and love yourself the way you are. I know it is a highly personal decision, everybody in my family except me has had it. I am so grateful that my wife is of the same mind, when I think about it she has a lot of great characteristics that compliment me. OK, so what to do, good question I had some money in a money market account but that doesn’t pay much anymore. I would suggest just hang onto it.

[moneymaker]

I would not spend any of it on plastic surgery. We all age, just accept it and love yourself the way you are. I know it is a highly personal decision, everybody in my family except me has had it. I am so grateful that my wife is of the same mind, when I think about it she has a lot of great characteristics that compliment me. OK, so what to do, good question I had some money in a money market account but that doesn’t pay much anymore. I would suggest just hang onto it.

[La Jolla Renter]

To answer this question correctly, we would have to know more. Age, are you on track with retirement already, other savings, other big expenses coming up, etc?

This is not the greatest time to buy or start a small business, but if you are serious, I would contact SCORE and attend a couple of work shops. As far as a business goes, you could buy a business for 150k with a SBA loan putting 30% down. A small business of this size with a good track record would net about 75k a year. If your making substantially less, this could be an option.

Without other data or details, I would suggest reading a suzy orman or dave ramsey book asap.

[La Jolla Renter]

To answer this question correctly, we would have to know more. Age, are you on track with retirement already, other savings, other big expenses coming up, etc?

This is not the greatest time to buy or start a small business, but if you are serious, I would contact SCORE and attend a couple of work shops. As far as a business goes, you could buy a business for 150k with a SBA loan putting 30% down. A small business of this size with a good track record would net about 75k a year. If your making substantially less, this could be an option.

Without other data or details, I would suggest reading a suzy orman or dave ramsey book asap.

[La Jolla Renter]

To answer this question correctly, we would have to know more. Age, are you on track with retirement already, other savings, other big expenses coming up, etc?

This is not the greatest time to buy or start a small business, but if you are serious, I would contact SCORE and attend a couple of work shops. As far as a business goes, you could buy a business for 150k with a SBA loan putting 30% down. A small business of this size with a good track record would net about 75k a year. If your making substantially less, this could be an option.

Without other data or details, I would suggest reading a suzy orman or dave ramsey book asap.

[La Jolla Renter]

To answer this question correctly, we would have to know more. Age, are you on track with retirement already, other savings, other big expenses coming up, etc?

This is not the greatest time to buy or start a small business, but if you are serious, I would contact SCORE and attend a couple of work shops. As far as a business goes, you could buy a business for 150k with a SBA loan putting 30% down. A small business of this size with a good track record would net about 75k a year. If your making substantially less, this could be an option.

Without other data or details, I would suggest reading a suzy orman or dave ramsey book asap.

[La Jolla Renter]

To answer this question correctly, we would have to know more. Age, are you on track with retirement already, other savings, other big expenses coming up, etc?

This is not the greatest time to buy or start a small business, but if you are serious, I would contact SCORE and attend a couple of work shops. As far as a business goes, you could buy a business for 150k with a SBA loan putting 30% down. A small business of this size with a good track record would net about 75k a year. If your making substantially less, this could be an option.

Without other data or details, I would suggest reading a suzy orman or dave ramsey book asap.

[nostradamus]

$50k is more than enough to start a small business.

I didn’t have a good experience with SCORE. The dude basically told me it wouldn’t work and I would amount to nothing. He was old and jaded and I was young. He was wrong, I’ve come far.

Viddy this: buy a high-end camera, some lights, and some background muslins… POOF you’ve got a photography business for $10k.

There are people who sell T-shirts to tourists at La Jolla Cove who make over $100k net. All it takes is blank shirts, a silkscreen, and some creativity.

Travel to some unusual, far-away place. Take photos and write a book about it. Poof! You’re a travel writer.

[nostradamus]

$50k is more than enough to start a small business.

I didn’t have a good experience with SCORE. The dude basically told me it wouldn’t work and I would amount to nothing. He was old and jaded and I was young. He was wrong, I’ve come far.

Viddy this: buy a high-end camera, some lights, and some background muslins… POOF you’ve got a photography business for $10k.

There are people who sell T-shirts to tourists at La Jolla Cove who make over $100k net. All it takes is blank shirts, a silkscreen, and some creativity.

Travel to some unusual, far-away place. Take photos and write a book about it. Poof! You’re a travel writer.

[nostradamus]

$50k is more than enough to start a small business.

I didn’t have a good experience with SCORE. The dude basically told me it wouldn’t work and I would amount to nothing. He was old and jaded and I was young. He was wrong, I’ve come far.

Viddy this: buy a high-end camera, some lights, and some background muslins… POOF you’ve got a photography business for $10k.

There are people who sell T-shirts to tourists at La Jolla Cove who make over $100k net. All it takes is blank shirts, a silkscreen, and some creativity.

Travel to some unusual, far-away place. Take photos and write a book about it. Poof! You’re a travel writer.

[nostradamus]

$50k is more than enough to start a small business.

I didn’t have a good experience with SCORE. The dude basically told me it wouldn’t work and I would amount to nothing. He was old and jaded and I was young. He was wrong, I’ve come far.

Viddy this: buy a high-end camera, some lights, and some background muslins… POOF you’ve got a photography business for $10k.

There are people who sell T-shirts to tourists at La Jolla Cove who make over $100k net. All it takes is blank shirts, a silkscreen, and some creativity.

Travel to some unusual, far-away place. Take photos and write a book about it. Poof! You’re a travel writer.

[Author]

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