2007-08-02 08:38:39 · 37 answers · asked by RAZZEL-DAZZEL 3 in Society & Culture ➔ Other - Society & Culture
i would buy a small bussniess..
is this a good idea?
2007-08-02 08:42:55 · update #1
I would send my wife through college and finish up my college.
2007-08-02 08:41:41 · answer #1 · answered by Fish <>< 7 · 1⤊ 0⤋
Have you finished college? That would be a great way to increase your potential to earn much more than that amount every year....
Otherwise, pay off your debts, buy yourself something nice you've always wanted, and put the rest into some high yield savings.
Be very careful buying an existing business as there are many considerations. Why is it for sale, are there any additional start-up costs, is there some existing debt you are also buying, etc... do your research and good luck.
2007-08-02 08:41:08 · answer #2 · answered by ©2009 7 · 1⤊ 0⤋
If you have a well paying job and can afford a house, use it as a down payment If you already have a house then invest the money in Medical stocks, you can probably average a 20% return on your money a year if not more, depending on how smart you are. Or you can always go buy a bmw and pretend you have money like that to blow all the time.
2007-08-02 08:45:14 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I,would pay off some bills,Invest in some stock, than leave the rest in the Bank and earn interest...I,don't think small business is the thing right now,unless you have good patience. Normally it takes 2-4 years just to break even.
2007-08-02 08:51:51 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I would help my children. First one would be my son. He was just recently conned out of $13,000 by his gf's family and he had saved faithfully to buy a house, which was what the relatives offered him. The next one would be to get my daughter out from under a failed marriage and get her out on her own. They are both very hard workers but could use a little help right now.
2007-08-02 08:47:15 · answer #5 · answered by phlada64 6 · 1⤊ 1⤋
pay off whatever bills.put some in savings,or buy a car or truck and have some left over for a down payment for a house.I have a house,So I would buy a new truck, Or a new mustang.
2007-08-02 08:43:55 · answer #6 · answered by Anonymous · 1⤊ 0⤋
I would put it in a mutual fund stock that is diversified. Look for one with safe stocks in it such as utilities,yet also has growth potential. I had good luck for many years with the S&P 500.
2007-08-02 08:43:29 · answer #7 · answered by Nemo the geek 7 · 1⤊ 0⤋
Catch up my mortgage, pay my property taxes and buy my son a car so I can stop being a taxi. (Not that he's spoiled, but he will be driving on his own in couple of months and I am ready not to be a cab anymore...lol.)
2007-08-02 08:42:01 · answer #8 · answered by momofoneson 3 · 0⤊ 0⤋
after I was done rolling in it, I'd pay off some debt and a new car, give some to momma, and then save the rest- It seems like alot but I know it will go quick
2007-08-02 08:41:23 · answer #9 · answered by Shannon 3 · 1⤊ 0⤋
I would pay all the bills...
put some in the bank to invest...
Then, buy myself a new car, and , Yah! Presents for everyone!
(At least little ones for now.....)
And yah, start a buisness. (Good thinking!)
And definatly donate some to the animal shelter.
:)
2007-08-02 08:47:36 · answer #10 · answered by Hollyberry♥ 4 · 0⤊ 0⤋
Pay off a business loan and quarterly taxes. This would reduce business expenses and increase profit.
2007-08-02 08:44:47 · answer #11 · answered by Leather and Lace 7 · 0⤊ 0⤋