/biz/ - Business & Finance

>>16769659
$50k is shit. Invest in an education so you can get a decent job and make real money. Then you can worry about investing.

>>16769659
Take 10k, and put it into BSV and nothing else.. the rest is a scam. No guarantees, but it's the most promising crypto right now, regardless of what some retards and shills say.

Use that other money to invest in real estate. Buy some rental properties.

>>16769659
how about u get a goddamn job

>>16770006
Does it have to be 10k, or could I put just 1 or 2k down and hope for the best?

nigga if i had 50k, id take half that buy myself a truck thatll last alifetime, take the other half and just retire

>>16769659
Go get an education. There is absolutely nothing smarter that you can do with this money.

>>16769832
>>16770435

What are your suggestions? A trade, I'm guessing?

>>16769659
Step 1: Buy BitCoin (Original SV of course)
Step 2: Profit

>>16770446
I suggest you listen to me and buy $50K worth of BSV. You will have >$500K SOON

>>16769659
Buy two houses. Live in one, rent out the other. Pay for the one you live in with rental income from the first.

If you wanna be mega bigbrain then buy a duplex for yourself and make money off the investment property.

Put whatever is left in BTC before it goes above $10k.

Ez

>>16769659
Pay for 2 hoes. Video them. Post it on pornhub. $$$$

>>16770476
This is good advice but you're not gonna buy any houses with 48k breh. Start a Roth IRA. Invest in some good index or sector funds, leave it sit and forget about it. The brokerage will contact you when you're like 70 (if you live that long) and start cutting you checks from your million dollar plus account.

>>16770536
Incorrect. FHA is 3.5% down, easy 10-15k total depending on the area. I bought my first property in May for $10k total.

Investment property is like 20-30%, so depending on the area the second house may or may not be feasible.

I do agree about index funds but I'm personally waiting for the recession before getting into them.

>>16770446
Engineering. There are many fields to choose from.

>>16770568
Any suggestions? I took a welding shop back in high school, but that's about it.

>>16770568
As a software engineer, don't go to fucking college lmfao. I make $70k a year (just graduated) but am $60k in debt. Just learn a trade like electrician or something, you'll be able to retire in 5-10 years if you invest properly.

>>16770476

If he's paying for the one he lives in with rental income from the first, then hows he gonna pay for the house hes renting out?

These boys are morons trying to give you advice

>>16770558
I was referring specifically to the scenario set out by anon, buying two homes and renting one to pay for the other. This assumes mortgage free ownership of at least the rental. The duplex is a solid option tho, I'm a big fan of that income model. Although, youd still need a job to secure any mortgage and it sounds like op might not have one, at least not a good one.

>>16770581
I’m in my final year of electrical engineering right now. Didn’t graduate highschool and worked shitty jobs for a couple years until I realized that the easy route is just to do well in school and get a decent job after I saw how much money a friend of mine in engineering was making. Spent less than a year upgrading and it’s easy to graduate without debt if you do labour in the summers until you get the skills to land an internship. I pay about 6k a year for schooling, and I was making 31 an hour at the internship I was at for the last 16 months, with overtime if you choose. Some guys I go to school with got picked up by by defense contractors and big tech companies and made a lot more. The upgrading and first year of school was the worst of it for me but I ended up enjoying the work once it gets more focused. In my opinion there is absolutely nothing you can do with that money that will get you out of the workforce, so you should turn it into a good career.

>>16770605
As I said, the best case scenario is to rent rooms out in your owner-occupied property. But if he decided he wanted his own place it will still offset his living expenses.

Property A: OP's abode has a mortgage of $750/mo and Taxes + Insurance of $450

Property B: OP's investment property has a mortgage of $550 and Taxes + Insurance of $250 (lower bc it would likely be a multi). Property B brings in $1750/mo in rental income.

Property B cashflows for $950/mo, with $200 or so taken out for upkeep. That leaves OP with only the taxes and insurance to pay, plus now he's building equity.


Source: own a property in a college town that I live in. Monthly expenses $1450/mo, income $1950/mo.

>>16770581
Most schools in North America have a common first year for engineering, so all the specializations take the same courses. You’d get to see a bit of the various options and decide for yourself which you want to pursue.

>>16769659
Start doing your own research on crypto. Play around with different chains and products, read different papers, etc. Everyone here is just gonna shill you on their bags, although it's an alright place to start.
That being said, BTC and ETH are easy choices, LINK, RUNE, SNX, is my portfolio though. Try out different stablecoins like DAI, sUSD, USDC, opening a CDP with Maker, minting sUSD with SNX and buying synths. There's a lot of fun stuff to do in crypto.

>>16770750
What's a stablecoin and how is it different from Bitcoin?

>>16770750
And what's the difference between BCH and BTC? Sorry for all the questions, I'm totally new at all of this and want to make sure I don't waste this opportunity.

>>16770836
Stablecoin is pegged to the US dollar, 1 bUSD, USDC, USDT, sUSD, DAI, are all worth $1.
>>16770836
BTC is the original protocol developed by Satoshi Nakamoto, released in 2009. BCH is a fork of the BTC protocol done by a group that opposed a change made at one point. TL;DR don't buy BCH.

>>16770087
kek you’d last a year

>>16770677
I live in a college town too and want to get into this. I have about $300K coming in. Some of that will be stashed in an index fund but I want to spread out into real estate too. What should I do?

buy chainlink

>>16769659
CHZ

>>16770073

dont listen to this board op everyone is just going to shill you their shitcoin (especially LINK)

the point is unless you are a very savvy investor 50k is not enough to /make it/ so that is why the people here are giving you advice to put it towards your schooling, not necessarily a trade but something you enjoy and itsnt a meme like art history or w.e so you can find a job and build up some wealth the boomer way

>>16769659
BTC, retire in 2026