dover Posted February 27, 2013 Report Share Posted February 27, 2013 (edited) If you had $100,000 liquid capital and had no debt, what would you do with it? Not for a car. Not for a house. Would you invest? Would you start a company? Would you save it? Goal, being to take that money and turn into something that will inevitably make you more money. Those of you that are the wealthier ones on the board, I always hear the phrase it takes money to make money. Well, what did you do? How did you go about getting to where you are? Edit: One has the ability to take a Government backed Patriot SBA for a maximum amount of $500,000. Edited February 28, 2013 by Dover Quote Link to comment Share on other sites More sharing options...
Jewtoys Posted February 27, 2013 Report Share Posted February 27, 2013 Making money with money takes risk, how much of a risk are you willing to take? Quote Link to comment Share on other sites More sharing options...
Cordell Posted February 27, 2013 Report Share Posted February 27, 2013 I would start a small automotive shop, given my skill set and that people always seem to be looking for a good deal on car repairs I think that would be my best bet. I would also like to get into helping people work the bugs out of their projects, and helping to finish them by doing things like alignments and tuning that most people don't have an easy way to accomplish. Quote Link to comment Share on other sites More sharing options...
suprabst Posted February 27, 2013 Report Share Posted February 27, 2013 Put it in the bank with the best interest and keep working lol Quote Link to comment Share on other sites More sharing options...
TimTaylor751647545500 Posted February 27, 2013 Report Share Posted February 27, 2013 wipe my ass with it Quote Link to comment Share on other sites More sharing options...
Tripleskate Posted February 27, 2013 Report Share Posted February 27, 2013 Bank $90k, leave $10k for investing/stock exchange. Quote Link to comment Share on other sites More sharing options...
2highpsi Posted February 27, 2013 Report Share Posted February 27, 2013 Put it in the bank with the best interest and keep working lol Have you seen savings interest rates? When you factor inflation, it's a negative yield. Quote Link to comment Share on other sites More sharing options...
Wonderboy Posted February 27, 2013 Report Share Posted February 27, 2013 I would copy cordell's plan. Kinda been thinking about doing that for a little while now and it woulfnt take much to start considering ive got most tools already. Quote Link to comment Share on other sites More sharing options...
stangsn95gt Posted February 27, 2013 Report Share Posted February 27, 2013 I'd move out to Colorado and attend a gunsmithing school and use the rest to start a small gun shop. Quote Link to comment Share on other sites More sharing options...
SRTurbo04 Posted February 27, 2013 Report Share Posted February 27, 2013 Two chicks at the same time....... Also would invest in some food trucks ! Quote Link to comment Share on other sites More sharing options...
TimTaylor751647545500 Posted February 27, 2013 Report Share Posted February 27, 2013 two chicks at the same time edit: PISS!!! Quote Link to comment Share on other sites More sharing options...
2highpsi Posted February 27, 2013 Report Share Posted February 27, 2013 Honestly, aside from starting your own small business that you own and operate 100k needs a lot of time to earn you any real cash. If you found a safe investment that paid 5% annually tax free (good luck) and you reinvested all the interest, it would still take you 14 years to double your money. 100k just isn't enough to "earn on it's own". To make real money on 100k you will have to throw in some of your time one way or another. Quote Link to comment Share on other sites More sharing options...
CRed05 Posted February 27, 2013 Report Share Posted February 27, 2013 I just went through this actually with a similar amount. Went with an amex high yield savings account until it gets put to use. You can take the money out whenever you want, unlike a CD where its fixed for X amount of time. You're looking at around $1000 a year in interest earned...not shit. Better than a Chase savings account though. Quote Link to comment Share on other sites More sharing options...
RedRocket1647545505 Posted February 27, 2013 Report Share Posted February 27, 2013 Pay for (part of) med school. I would consider that an investment. Quote Link to comment Share on other sites More sharing options...
Geeesammy Posted February 27, 2013 Report Share Posted February 27, 2013 Invest in my education. Use the remainder as a start up on either my own firm or keep a few bucks to play poker with and throw the rest into the market. Quote Link to comment Share on other sites More sharing options...
Doc1647545523 Posted February 27, 2013 Report Share Posted February 27, 2013 I would start a small automotive shop, given my skill set and that people always seem to be looking for a good deal on car repairs I think that would be my best bet. I would also like to get into helping people work the bugs out of their projects, and helping to finish them by doing things like alignments and tuning that most people don't have an easy way to accomplish. I would copy cordell's plan. Kinda been thinking about doing that for a little while now and it woulfnt take much to start considering ive got most tools already. You guys would be excellent at doing just that. If you can lure Crossle into the venture, I'll be your sugardaddy and chief promoter. Quote Link to comment Share on other sites More sharing options...
Mr. Jones Posted February 27, 2013 Report Share Posted February 27, 2013 I"d prepay a few vacations. Quote Link to comment Share on other sites More sharing options...
suprabst Posted February 27, 2013 Report Share Posted February 27, 2013 Have you seen savings interest rates? When you factor inflation, it's a negative yield. It's been awhile since ive looked, what about cd's? Quote Link to comment Share on other sites More sharing options...
Not Brian Posted February 27, 2013 Report Share Posted February 27, 2013 I would move to Florida and start my own Skyline Chili franchise. 100% serious. Quote Link to comment Share on other sites More sharing options...
TimTaylor751647545500 Posted February 27, 2013 Report Share Posted February 27, 2013 I would put it towards opening a La Rosa's here in Columbus. Dead serious. Quote Link to comment Share on other sites More sharing options...
2highpsi Posted February 27, 2013 Report Share Posted February 27, 2013 It's been awhile since ive looked, what about cd's? http://www.bankrate.com/financing/wp-content/uploads/2013/01/CD-rates-and-Treasuries-graph.png :barf: I would move to Florida and start my own Skyline Chili franchise. 100% serious. Minimum Requirements Minimum requirements for a new Skyline franchisee are: $200,000 to $400,000 liquid capital $500,000 net worth, excluding personal residence Ability to obtain financing for $500,000 to $1,200,000 project Successful experience in a retail food service or sales/marketing environment Quote Link to comment Share on other sites More sharing options...
Mr. Jones Posted February 27, 2013 Report Share Posted February 27, 2013 http://www.bankrate.com/financing/wp-content/uploads/2013/01/CD-rates-and-Treasuries-graph.png :barf: BUZZKILL Quote Link to comment Share on other sites More sharing options...
SRTurbo04 Posted February 27, 2013 Report Share Posted February 27, 2013 two chicks at the same time edit: PISS!!! Lol nice beat you by seconds ha. I know you said no house but ide find a Deal on two condos or duplex houses and rent them both out and hope you get good tennants and bank that for a bit untill you can buy another two more.Rinse and repeat a few times, untill you have a nice set of them and enjoy. Wife and I thought about renting out our condo instead of selling but idk Quote Link to comment Share on other sites More sharing options...
Not Brian Posted February 27, 2013 Report Share Posted February 27, 2013 Minimum Requirements Minimum requirements for a new Skyline franchisee are: $200,000 to $400,000 liquid capital $500,000 net worth, excluding personal residence Ability to obtain financing for $500,000 to $1,200,000 project Successful experience in a retail food service or sales/marketing environment Jesus... well, nevermind. Quote Link to comment Share on other sites More sharing options...
SRTurbo04 Posted February 27, 2013 Report Share Posted February 27, 2013 I'd move out to Colorado and and start a marijuana dispensary . fixed. Quote Link to comment Share on other sites More sharing options...
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