Need some serious advice, What would YOU do with $50,000 dollars?

[MouseTeeth]

So I have about 50 grand in a money market account left to me after my pops passed. I had more but I made some dumb choices/ paid off some debt . I just want some suggestions from KTL that could help me invest my money in a smart and lucrative way. Somebody help point me in the right direction please. Anybody in a similar situation? Daps and positive reps r on deck

 

[Silkk]

Pay off my car and put that shyt in some kind CD(or whatever its called) and let it grow

 

[88m3]

Read the money advice thread. Check out my posts. Don't spend it.

 

[Mowgli]

Open a brazillian jiujitsu academy in a foreign city where one does not exist and guap.

 

[MouseTeeth]

Read the money advice thread. Check out my posts. Don't spend it.

Will do. Link?

 

[He Who Posts Well]

40% to a personal liquid savings
30% to debts
20% in an investment account
10% on invest in yourself (gym membership, adult education class, clothes, colicash, etc)

 

[He Who Posts Well]

Open a brazillian jiujitsu academy in a foreign city where one does not exist and guap.

Or he can just invest in a McDonalds or Starbucks franchise.

 

[BamdaDon]

you could buy a rental property depending on where you live. least you know it wont lose any equity and if you ever hit skid row you have a place to stay for free

 

[BamdaDon]

Or he can just invest in a McDonalds or Starbucks franchise.

with 50k maybe mc dowells

 

[He Who Posts Well]

with 50k maybe mc dowells

I think I'll take that back since it's $300,000 minimum for a McDonalds franchise.

 

[what it do]

50 000 dollars on one hand of blackjack

 

[The Guru]

Don't spend it away. It's not a fortune but it's enough to build a small foundation for your adult financial life. I actually like the idea of buying a rental property. Needs some research first though.

 

[alybaba]

Put in a value fund (with a focus on dividend stocks and automatic reinvestment) and let it sit.

 

[Serious]

I think I'll take that back since it's $300,000 minimum for a McDonalds franchise.

Subway's are cheap

 

[Hiphoplives4eva]

1/3 into liquid savings for use only in emergencies, 1/3 into a conservative stock account or low fee Mutual Fund, and 1/3 to settle active debts and liquid cash.

The best idea would be to start a small business with the money. Look at what your intrests are and consider setting up a personal or online business.