ive got 20,000 in my bank which i have saved up my whole life,what cna i spend it on so i cna make my money back an make more?
2007-01-18 03:23:11 · 8 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Buy land with it.
2007-01-18 03:30:20 · answer #1 · answered by Jo 6 · 0⤊ 0⤋
You're going to get tons of answers to this i'm sure but consider that generally speaking with anything you chose to do....the higher the risk, the higher the potential return on your investment. Consider your age among other factors when deciding how to use your money but one of the best ways is probalby going to be a mutual funds...ESPECIALLY in the form of a Roth IRA if you don't already have one. The tax implications of these will be extreme versus a majority of the other investments you may be tempted to try. Look some up! (I recommend Janus Overseas Fund- JAOSX).
2007-01-18 11:29:56 · answer #2 · answered by CSUflyer 3 · 0⤊ 0⤋
You can walk into an investment place, like T Rowe Price, and ask them. They may give you several options with risk involved, etc.
Or you can invest it in something you have more control of, such as a local business that might be looking to expand or improve.
You can invest in your property by adding/fixing/upgrading it with the 20k, then flip the property after you've improved the 'curb appeal.'
2007-01-18 11:31:43 · answer #3 · answered by MarauderX 4 · 0⤊ 0⤋
get certified as an occupational therapist. you will then be entitled to a good job making decent money for the rest of your life.
2007-01-18 11:31:14 · answer #4 · answered by kenjamin2 2 · 0⤊ 0⤋
Buy a house do it up and then rent it out you can make more money that way
2007-01-18 11:26:08 · answer #5 · answered by The real quagmire BBC Three 3 · 0⤊ 0⤋
If we knew, we would not be wasting our time on Yahoo Answers, we would be too busy being wealthy.
2007-01-18 11:28:39 · answer #6 · answered by Clown Knows 7 · 1⤊ 0⤋
http://www.moneyx.net has some great ideas regarding starting your own business from home.
2007-01-22 11:31:59 · answer #7 · answered by Anonymous · 0⤊ 0⤋
when gold is cheap buy lots ov it n wen its expensiv sell it
2007-01-18 11:49:16 · answer #8 · answered by anon 2 · 0⤊ 0⤋