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I am 26 years old and have somehow managed to save up $38,000 while living like a bum to be able to save this amount. i know it is not alote but it was a bitch to save because i dont make a hell of alote of money! any way my question is if there is anyone on this board that would have some good ideas what i could do with this money to make me more that would be a huge help to me..... i currently have it in my savings but i dont want to put it in cds or any worthless paying shiet like that.
save and add to it. so this way later in life you can buy a home.
Start a small business!
Invest it or buy yourself a home....... don't be a fool and buy somethinkg that will depreciate over time.
good ideaQuote:
Originally Posted by timvds
depending on where you live, that is a nice down on a home.
hell use it as a down payment on a house, buy a crappy house, fix it up, sell it make more money.. there is a lady in my area who did that and is now a millionaire
Take some spelling classes, then put the rest in CD's until you learn about investing.
America's RE market isn't that strong. If you want a sure thing buy a plane ticket to China, India, or anywhere in the European Union. You will definitely make money there investing in RE.
For the time being, put it in a 6 month CD.... That will give you better interest than the savings. After you decide specifically what you want to do, you'll be able to invest into other areas.
HOUSE:7up:
Put your money into a cd or invest into some IRA's... Take advantage of the ROTH IRA now. I do not use any of my own advise.. but it sounds damn good. If you are a true hearted business man... give it a go! My motto is to invest into my own businesses and potentially build them up to where I can sell it and retire at once. My advisors say that is stupid.. but then again, I have never done what the rest where doing.
What ever you do... DO NOT buy something stupid with it! Down on a home would be a good choice as mentioned above.
Oh yea... if you want to ... you can pay for me and you to go back to school so that we can learn to spell! hahah (not my strong point either)
Bc
shit thats alot of cash man...
how the hell did you manage to save that, that is dedication.
i would have to agree with most of the others and say use it for a down payment on a house.
goodluck bro.........
keep saving then later on maybe buy home will be great..
pick up the book "rich dad poor dad". read it, then decide. its about making your money work for you, not working for money. After that, i think you may have some ideas on what to do with your money.
keep savin man... maybe look into some stocks?
old cars. muscle cars. I made 10,000 grand on 1 car. If you don't know anything about them find somebody who does. The market right now is crazy.
put it in CD's (Certificate of Deposits)
Much safer investment and you won't lose any money.
WORDQuote:
Originally Posted by .45Caliber
You should also think about Law School or Med School while you still can.
Keep saving. Don't do anything stupid like leveraging, the only place that will get you is poor.
depending on how educated you are, and where you live. Im thinking you should invest part of it in the real estate market.
A down deposit for a house would be a good bet, or invest it. Personally I'd buy a house, but if you don't need a house right away... invest it.
I'd go for a house to. Depending on where you live the value of your house could increase. In my hometown my parent's value of their home has doubled in 12 years.
Send it to "Nismo"!!!!! j/k
I would say invest in Home Depot, because of New Orleans the government has made contracts with them and Lowes. It would only be a short investment though bro. Don't be in it for the long run, as soon as you make about 50% of what you put in sell it all. Just an idea.
Yeah i would buy CD's............let me see.......Chamillinaire just came out with a new one..........LMAO
i wouldnt buy a house, id buy land.
Surely, by now you are ready to throw a serious party. Come to New Orleans, Darling! The Mayor just lifted the curfew and we are going off, 24 hours a day again!
Love
Anna
I am not a man to brag but I do good for myself, this is a excellent idea. I do agree to this, real estate market (home) will crash. You should strongly consider to buy some land in new orleans down town. Very cheap, yes its risky but they will not leave it like that, they will reinvest. What I will say is wrong but its facts. Someone miss fortune is anothers fortune. You have a chance take it. I bought 2 propertys there for 1300% below market value. Just a idea but do your research and purchase in the middle and upper class area that were rental propertys. But whatever idea you have, think it once then think it again then think the worst then decide. GoodluckQuote:
Originally Posted by max2extreme