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i have $50,000.. what should i do?

Discussion in 'General Business' started by shah2k, Jan 16, 2007.

  1. pingpong123

    pingpong123 Well-Known Member

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    #41
    Have u thought of moving to a place like north carolina or arizona(especially north carolina) where the cost of living is very very very low and u can get a great house for 65k? I plan on moving to arizona one day only because my body has a hard time producing its own bodyheat.
    SEMrush
     
    pingpong123, Jan 18, 2007 IP
    SEMrush
  2. shah2k

    shah2k Peon

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    #42
    never brother. i am a pure city guy. i grew up in new york city and i could never imagine myself living anywhere besides new york. and plus i live with/take care of my parents and my siblings and they will never move either.

    the reason houses are so cheap down there is cause no one wants them. supply & demand.

    i could sell my house right now and probably make 400-500k$ after everything and i could probably buy a mansion down south but there is no point.
     
    shah2k, Jan 18, 2007 IP
  3. shah2k

    shah2k Peon

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    #43
    why dont you do private tutoring? i started teaching kids when i was 15-16. i used to charge $15/hr and i taught 3-4 kids at the same time. you should try that
     
    shah2k, Jan 18, 2007 IP
  4. pingpong123

    pingpong123 Well-Known Member

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    #44
    I can understand that Shah as i also grew up in new york city:)
     
    pingpong123, Jan 18, 2007 IP
  5. forumrating

    forumrating Notable Member

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    #45
    try investing a part of it in stock ipo's recently nymex gave good returns, pick top companies only to invest.
     
    forumrating, Jan 18, 2007 IP
  6. shah2k

    shah2k Peon

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    #46
    i was thinking about an online car parts store. i have a local distributor/wholesaler here in ny whose prices are really good. i coudl sell lower than ebay price and still make profit (even though i wont sell lower than ebay)
    but i dont want to spend too much money on it. maybe $10k?
     
    shah2k, Jan 18, 2007 IP
  7. 30k Challenge

    30k Challenge Peon

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    #47
    The crappy businesses people would open with $50,000 here amaze me to no end. Wow is all I can say.
     
    30k Challenge, Jan 18, 2007 IP
  8. clade

    clade Peon

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    #48
    Did you read my post? Hope you did.

    I always have the greatest idea and the lowest funding at the same time.
     
    clade, Jan 19, 2007 IP
  9. pondlife

    pondlife Peon

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    #49
    Personally if it were my money I'd either by real estate (buy to do-up and sell on or to rent out) or put it in an index tracker fund. In the UK we have an option to put upto 7k (GBP) into these funds tax free...

    Ah, I dream of having these types of decisions to make!

    Good luck, p.
     
    pondlife, Jan 19, 2007 IP
  10. free articles

    free articles Well-Known Member

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    #50
    I will give 40% shares in articles-hub.com A PR-7 Articles Directory
     
    free articles, Jan 19, 2007 IP
  11. ArtColombia

    ArtColombia Guest

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    #51

    Probably the best advice given here, if you are in the UK.

    I will offer to double it in 2 years (- costs) subject to appropriate conditions or return the capital 100% if I can´t complete my commitment.
    100% through lawyers.
    100% guarantee on capital.
    PM to skype me. (Upper limit of $20,000 investment)

    Otherwise: buy stocks in Uranium: PM me for advice.
     
    ArtColombia, Jan 19, 2007 IP
  12. ArtColombia

    ArtColombia Guest

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    #52
    There are very few places in the US that are worth living in at $65,000.
    You will be in the sticks.

    Sorry!:(
     
    ArtColombia, Jan 19, 2007 IP
  13. HumanIngenuity

    HumanIngenuity Peon

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    #53
    You can put that as a down payment in our high end ecommerce platform and have a real business. Forget the 1000 cookie cutter template platforms out there.

    Or you can buy an existing business but 100k is probably not enough to buy anything decent.
     
    HumanIngenuity, Jan 19, 2007 IP
  14. adrian88

    adrian88 Peon

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    #54
    invest in real estate
     
    adrian88, Jan 19, 2007 IP
  15. Logicaly

    Logicaly Peon

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    #55
    Might I suggest, not just investing it into a business, but also putting some in a mutual fund. My partner has one, and within just a month, and with only 4,000 in it, we had already gained over 1,000 dollars back on the Mutual Fund.

    If your wanting to start your own business, software distribution is a good one. Because it allows you to market both offline and online as well so that your not limited to just one area.
     
    Logicaly, Jan 19, 2007 IP