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How would you invest a Million Dollars?
- Thread starter ModularMax
- Start date
I honestly believe that even purchasing ONE home for about 500k, putting 500k aside and living of a mediocre job is VERY possible in this scenario.
Many people don't know what it means to have a paid off house. If you have a paid off house, MOST jobs will pretty much get you a lot of the things average person wants. Toys, vacations, new gadgets, tv's, ocassional hooker randezvous, etc etc......
Many people don't know what it means to have a paid off house. If you have a paid off house, MOST jobs will pretty much get you a lot of the things average person wants. Toys, vacations, new gadgets, tv's, ocassional hooker randezvous, etc etc......
Start a porn website. How hard could it be?
But in all seriousness, I'd probably get into leasing commercial real estate. For the most part, businesses are easier to deal with and usually take care of the buildings better (remember, the building is their first impression).
But in all seriousness, I'd probably get into leasing commercial real estate. For the most part, businesses are easier to deal with and usually take care of the buildings better (remember, the building is their first impression).
Vegas
Who ever said that the next AWD would have a grandfather clause?
Hes screwed unless he goes black market
Hookers and blow my friend. Hookers and blow.
Do what common said, buy an apartment complex with 8 or 9 apartments should be around 1 mil...dunno bout where you live but in california 1k rent a month is heaven for most, so 9k a month x12 =108k , youll have your investment back in 9.2 years and everything after that is profit, you can keep a decent job, dont kill yourself working tons of hours a day and have a comfortable life AND have something in your name to pass down to your children one day
+1 On investing in some Apartments.
I know 2 young guys that invested in Apartments/Condo's and are now living in 5mil $ houses driving Lambos and Aston Martins.
I know 2 young guys that invested in Apartments/Condo's and are now living in 5mil $ houses driving Lambos and Aston Martins.
FWIW, you don't just buy an apartment as start raking in money. There are taxes, carrying costs, maintenance expenses, etc. That's not to say you can make money, but multiplying the monthly rent by the number of months =/= net income.
SVTP private military
i would invest $500k in cars(houses are overrated anyways), and the other $500k would be poured into oil company stocks!!! just wait, those gas prices will go back up!
talk to a finance guy first. if you dont have one go to daveramsey dot com and look for the Endorced Local Provider he has in your area. Relize that you'll probably get raped on taxes so have an amazing cpa, it will be money well spent. and for the time being (until your advisor teaches you what to do I would spread it out across several money market accounts, they are safe and you should be able to get about 5% (several because they are only insured for 250k right now and that will change)
If you really want to make some money, give me a call. Just a pm away.
Without reading any responses, I will just say bury it in the ground.
There are no safe investments in today's economy.
FWIW though, my old man always told me "The only smart investment is in yourself." Invest in something you can control, like your own business. I took his advice and it was the best advice I was ever given.
There are no safe investments in today's economy.
FWIW though, my old man always told me "The only smart investment is in yourself." Invest in something you can control, like your own business. I took his advice and it was the best advice I was ever given.
Good luck finding that 5% CD now. Me? I'd invest it into starting a big online "money doubler" ponzi scheme and leave the country after I hit 10M within a couple months. Either that or a vitamin B17 smuggling ring based out of Mexico.
Lets believe in your dreamland and say it'd really be 50k since you forgot about that whole tax thing. You're gonna keep living off of 50k a year but inflation will whoop your ass. You have fun with that and lemme know how it works.
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