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/biz/ - Business & Finance

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49954825 No.49954825 [Reply] [Original]

Help /biz/
My dad just sold his business and gave me 50,000 before he left to Mexico
How do I invest this money and make it last as long as I need to survive
Im 20 years old, I've only ever had one wagie job my whole life and the most money I've had in my bank before this was 5,000 dollars for about a week before I used the money for bills and myself
I've been living with my parents my whole life until last week
Please help, I dont know what to do

>> No.49956230
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49956230

>>49954825
Get a cheap place to live
Get a job, any job - as long as it pays the bills
Figure out what you wanna do with your life:
programmer, carpenter, builder, mechanic, artist 2d, 3d.
Smart thing is if you chose something you can study from the comfort of your home aka programming, 3d modelling, java, c#, c++, rust etc.
Buy food and every other necessity you need for at least 3 years. Canned food, rice, pasta, toothpaste, razors, detergent, soap, etc etc - you get the gist. Due to inflation it's an "investment" or at least saving money in the future by buying it now. There's a real risk the elites are trying to "reset" the system by inflicting severe economic pain and uncertainty.

Investment. Buy bitcoin, litecoin, gold and silver (physical). Keep your crypto in your own wallets.

Make sure you have cash in case the internet goes down or the banks experience a liquidity crisis.

If all of that is done you can think of starting a business - what ever you can do that is "easy" and increases cash flow.

Also, eat right, work on your mental and physical strength.
Good luck anon.

>> No.49956245

>>49954825
Use it to start your own business and make him proud

>> No.49956267

>>49956230
pretty based advice

>> No.49956325

>>49956267
thanks \o/

>> No.49956892

>>49954825
invest it in luna

>> No.49956899

>>49954825
Reduce expenses
Increase income
Buy assets (that doesn't mean all in crypto you fucking tard)
Drop liabilities

If you have an in-demand skill like carpentry or flooring, 50k is enough to self start as a sole entrepreneur. Knowing how to do your own accounting and taxes will also be a huge help.

If uh, you don't have any skillz, well, i mean... you do, right? skillz ober grillz anon.

>> No.49957042
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49957042

>>49956899
>>49956230
I kinda know window tint, I'm not that good yet though
>>49956892
I like sardines better

>> No.49957058
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49957058

>>49954825
Come to a goldern retriever fire hydrant to ask for financial advice!