Most people will tell you to start a small biz..doesn't really matter what it is, but a field you are familiar with would make the most sense. Filter money in as you can...other than that putting cash away for the future is never a bad idea. Most people have a 401k, i'm just going to have a pile of cash when i retire (well i guess i already have retired, but you know what i'm saying).
To be honest though would really like to hear imput from people who know. As I would like to buy some land, build a house, grow and sell, just trying to justify having 100k to build a house will become the problem if it ever surfaces with big bro..
Agreed. Anyone with some real input Im sure theres more then a few that would like to know.
Heres what I got to thinking about the other day. OP Im sure this is something you have thought about too.
Back in the day I made about $150 per .... well ... lets just say "item". Sold about 10 of those a week. For a looong time. I did pretty ok the math there isnt hard. You know what though ... for a small period of time I upped the stakes and made only $25 per "item" .... but stepped into a position where I moved 160 a week.
Thats $6k a month vs $16K a month. I made the most money when I made only a small amount but sold more. Funny how that works right?
Well in todays world if you wanted to go legit. It really shouldnt be that hard to make say $10 on any item you want... legally sell something. Be it pizza, beer, bikes, whatever. How hard could it be to make $10 per item and sell 300 of those per week?? Think about it. Previously.. I had to actually get rid of a client if I found out he was advertising for me. If your trying to go legit ... you WANT people to talk about you. Not only that but you can literally tell the world via radio, TV, ads, word of mouth, etc, etc.
Opening poster ... this might be able to help you too cuz without a legit income stream Im not sure your getting away with buying a home.
So how does a guy connect the dots? $10 per item @ 300 per week doesnt sound hard at all. Thats about $9K per month. Oh wait .. theres that overhead shit to worry about. Well .. what about being a middle man, distributer or something?
Ive been racking my brain trying to figure out WHAT item can I sell, legally, that fits these criteria? It must be easily stored (storage facilities are cheap), I need to be able to do it myself with no employess, and preferably without a store front (although thats certainly optional).
Coffee beans maybe? LOL ... hell, take profit to $5 per item and up the amounts to 600 a week. Maybe a coffee shop how hard would it be to sell 700 coffees a week? Thats 100 per day? Then again coffee shops go under all the time ... lol
Whatever- you get my point .... all you need is a source ... and then you can scream from the mountain tops to find buyers... which is something before I couldnt do at all.
I gotta think it shouldnt be hard to connect those dots. Opening poster .... think about that and how to do it and you wont need to worry about how to buy a house.
THATS what you should do with that $50K. Figure out what "IT" is and use it to buy inventory.