2highpsi Posted February 27, 2013 Report Share Posted February 27, 2013 Jesus... well, nevermind. Franchise capital requirements are crazy nowadays. Quote Link to comment Share on other sites More sharing options...
Green Bastard Posted February 28, 2013 Report Share Posted February 28, 2013 Put half into my 401(k)/ira use the other half to try to start a small business, preferably wrenching on cars. If it doesn't work out, I would still have the other half building money for retirement. Quote Link to comment Share on other sites More sharing options...
Diamonds Posted February 28, 2013 Report Share Posted February 28, 2013 100K cant start most businesses with any type of complex business plan. ONLY 100K cant be invested and think you can make it be enough to retire on unless you add more over the years while compounding. Im in a similar boat. i called a friend who works for a wealth management firm and they told me that im not wealthy enough for them to take me on (im not surprised). He told me thatthey go through edward jones in a roundabout way and the first thing i need to do is go to EJ and see if what they have to offer in terms of services is right for me. I plan to retire with 6-7M and live without worries. hence why i pack away my money now to invest and compund. Right now, i am thinking i want to put some money in mutual funds and some money in ETFs. I am not going to get into buying particular stovks right now. My dad is a day-trader and I dont have enough time to do it.... or knowledge. AND, buy-and-hold is a nono this day and age. My best advice (kidding): 1. who knows.. start franchising fast food places like the family in the Blindside... they did well in that move (i gest). 2. Be like me....Buy watches, add Diamonds, mean mug. Quote Link to comment Share on other sites More sharing options...
dover Posted February 28, 2013 Author Report Share Posted February 28, 2013 I have thought about the real estate game, but that is a tough market and involves a lot of personal involvement. Education is already paid for (Bachelors at least). What would you do if you already had a job roughly making in the $100,000 range out of the country but would like to see something happen with your money stateside, so once you are done and tired of the long distance you can return to something, rather then just a lump sum of money. Also, the VA does offer a Government backed small business loan in the amount of $500,000 with about 10% collateral. https://www.wellsfargo.com/biz/loans_lines/sba/ Quote Link to comment Share on other sites More sharing options...
TurboRust Posted February 28, 2013 Report Share Posted February 28, 2013 as someone who has acted as an owner/operator of auto repair facility(with a sugar daddy corporation) i dont think thats the business i would go in to. dunno whatd i do with because realistically i'd pay off my house and buy nicer cars/boats Quote Link to comment Share on other sites More sharing options...
stangsn95gt Posted February 28, 2013 Report Share Posted February 28, 2013 How much is a liquor license if you can find one available? Quote Link to comment Share on other sites More sharing options...
Green Bastard Posted February 28, 2013 Report Share Posted February 28, 2013 How much is a liquor license if you can find one available? Right around 100k last I checked, but its been a few years and I don't think that included a Sunday licence. You could prolly buy the remainder of one from someone selling a bar provided your buying the bar from them too. Quote Link to comment Share on other sites More sharing options...
Spidey2721 Posted February 28, 2013 Report Share Posted February 28, 2013 car, gun or two, rest go on a house sorry know its not the rules but its truth. Quote Link to comment Share on other sites More sharing options...
turbospec29 Posted February 28, 2013 Report Share Posted February 28, 2013 Walk into casino, put 100k on black. Regret asking CR for financial advice or enjoy the extra 100k... Quote Link to comment Share on other sites More sharing options...
SRTurbo04 Posted February 28, 2013 Report Share Posted February 28, 2013 Walk into casino, put 100k on black. Regret asking CR for financial advice or enjoy the extra 100k... winning... Quote Link to comment Share on other sites More sharing options...
Trouble Maker Posted February 28, 2013 Report Share Posted February 28, 2013 Jesus... well, nevermind. I would be very, very surprised if there is a single restaurant franchise you could touch for that much. Quote Link to comment Share on other sites More sharing options...
Mr. Jones Posted February 28, 2013 Report Share Posted February 28, 2013 I would be very, very surprised if there is a single restaurant franchise you could touch for that much. Look into a opening a Dunkin Franchise...::lolguy::lolguy::lolguy: Quote Link to comment Share on other sites More sharing options...
Bam Posted February 28, 2013 Report Share Posted February 28, 2013 Bar, Club, or Bar/restaurant. Not in Ohio though. Last weekend I was at a NICE club in San Antonio and the next day I was like ffffuuuu, I'm doing it wrong. $10 cover charge/person, $5/bottle beer, and like $8/shots = a shit load of profit. My tab was in excess of $150. Quote Link to comment Share on other sites More sharing options...
GSXRAntwon Posted February 28, 2013 Report Share Posted February 28, 2013 Bar, Club, or Bar/restaurant. Not in Ohio though. Last weekend I was at a NICE club in San Antonio and the next day I was like ffffuuuu, I'm doing it wrong. $10 cover charge/person, $5/bottle beer, and like $8/shots = a shit load of profit. My tab was in excess of $150. THIS. ULL need a lot more than 100k tho, try 5 times that to get u started. If I were u, I'd buy a bunch of cheap houses and sit on them....that's what I'm doin Quote Link to comment Share on other sites More sharing options...
zeitgeist57 Posted February 28, 2013 Report Share Posted February 28, 2013 If this was 2004, I'd put 20% down on 2-3 houses and rent them out. Quote Link to comment Share on other sites More sharing options...
kirks5oh Posted February 28, 2013 Report Share Posted February 28, 2013 I'm pretty conservative when it comes to investing. I paid down my mortgage until it was gone. I put a fair amount in low/medium risk mutual funds, an equal amount in annuities. The wife and I have two Roth IRAs maxed out, and I put a good amount in each kids' college account each month. That, and my 401k is maxed out. Personally, I dont have the stones to throw down $100k on a small business venture, but that's just me. Quote Link to comment Share on other sites More sharing options...
Fiji ST Posted February 28, 2013 Report Share Posted February 28, 2013 I would invest it in my mutual funds account since it's earned 11% the past two years. Quote Link to comment Share on other sites More sharing options...
POS VETT Posted February 28, 2013 Report Share Posted February 28, 2013 Use it to bolster/max out my IRA and wife's 401k annual allowances, then use half the rest for vacation and the other half to learn to play in the stock market. $100k doesn't go far nowadays if it wasn't used for a car or a house. I'd pay a debt, but my wife and I don't have any other than mortgage and car loan. Quote Link to comment Share on other sites More sharing options...
Geeesammy Posted February 28, 2013 Report Share Posted February 28, 2013 I would put it towards opening a La Rosa's here in Columbus. Dead serious. That place is the shit. Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted February 28, 2013 Report Share Posted February 28, 2013 Simply, buy gold!! If you travel outside of the country a lot, try look into open a saving account oversea. In India you can open a saving account and earn up to 10%. in Vietnam you can get into a 6 CD that you can only access your fund once every six months, with that I account I can earn about 12%. Quote Link to comment Share on other sites More sharing options...
POS VETT Posted February 28, 2013 Report Share Posted February 28, 2013 True, but inflation is much higher than that. I like the idea of buying gold. Is it allowed/legal in the US to keep a gold bullion ? Quote Link to comment Share on other sites More sharing options...
Green Bastard Posted February 28, 2013 Report Share Posted February 28, 2013 I don't see why it would be illegal to own a gold bullion. Just a fun thought, I would retire to Mexico with my 100 g's........ For about 6 months. Quote Link to comment Share on other sites More sharing options...
FourString Posted February 28, 2013 Report Share Posted February 28, 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. You should do this. Seriously. If GR (:dumb:) can do it, you can do it far better. Quote Link to comment Share on other sites More sharing options...
Cordell Posted February 28, 2013 Report Share Posted February 28, 2013 You should do this. Seriously. If GR (:dumb:) can do it, you can do it far better. I see that being a strong possibility in my future, but it would have to be further down the road for it to work for me. Thanks for the compliment. Quote Link to comment Share on other sites More sharing options...
acklac7 Posted February 28, 2013 Report Share Posted February 28, 2013 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. you really only need like $25,000-$50,00 to hedge a SBA loan of $50,000 $100,000. Personally i'd open up a shop near Grandview, but thats just me. Quote Link to comment Share on other sites More sharing options...
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