[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 88 KB, 640x411, cash.jpg [View same] [iqdb] [saucenao] [google]
11243355 No.11243355 [Reply] [Original]

I've got $100k in the bank through wagecucking and frugal living. I want to invest it into a business, so I can start making real money. How should I go about this? What kind of business should I start?

>> No.11243365

>>11243355
how long did it take you? 100k is the amount I want to keep in savings while reinvesting other income

>> No.11243370

>>11243355
you think you can just invest in a business? 9/10 startups not only fail, but cost the entrepreneur thousands of dollars and hours

anyways good luck

>> No.11243471

>>11243365
Roughly 10 years. Lots of lucky breaks involved.

>>11243370
I'm aware of the statistics, but there's a couple of points I'd say in response. First, wagecucking is just as - if not more - likely to fall through and leave you up shit creek without an income. Second, the startup failure rate necessarily includes a lot of grade-A fuckin' retards. I mean, people do shit like forget to pay their taxes, neglect to make a profit on their sales, they treat business accounts as personal accounts because "It's my money anyway", and some dumb fucks even try to open restaurants. If you cut out the blithering idiots I suspect the true failure rate's a lot lower.

>> No.11243475

>>11243355
nice just put all shares at 100k

>> No.11243490
File: 20 KB, 600x400, 030.jpg [View same] [iqdb] [saucenao] [google]
11243490

>>11243471
>forget to pay their taxes,
>"forget"

>> No.11243505

>>11243355
Think of potential businesses you think you could tolerate in the long term. Then before you quit work, start looking into starting the business part time. Do not invest 100k into it right away because it is really fucking easy to waste that.

Here are some fun ways you can invest your money though.
1. House flipping, buy a shitty house, then renovate it yourself in your free time. Sell it after a year for a profit.
2. Purchase a small piece of land and grow some crop on it. Sell crop.

>> No.11243511

>>11243475
Unless I take on an absurd amount of risk betting on penny stocks or their crypto equivalents, I can only expect 5% p.a. on stocks. I'm looking to make real money, and the way I see it the only way to do that is to start a business.

>>11243490
There's plenty of fraudsters, sure, but also lots of drooling retards who don't bother finding out what their tax liability is.

>> No.11243521

One of the quickest ways to lose all your money is starting a business you know nothing about, we are on the brink of another recession so stocks and property aren't a great idea yet. Have patience, when/if the recession comes you will be able to pickup cheap stocks and put a deposit down on an undervalued house.

>> No.11243714

the kind that costs five grand