50k what would you spend it on

[troythegreat]

Hi guys I’ve inherited £50000 . What would you spend it on to make as much as possible ? I don’t want to put into a mortgage. I’m willing to work have some experience in drop shipping website creation and instagram . Thanks in advance

 

[Enchant]

Personally, I'm good with business. So I'd invest it into my business and flip it to like $200,000 , but you and I don't have the same skill. So if I were in your shoe, I'd see if I could make a down payment on a home, but you say you don't want a mortgage. So...

 

[troythegreat]

Personally, I'm good with business. So I'd invest it into my business and flip it to like $200,000 , but you and I don't have the same skill. So if I were in your shoe, I'd see if I could make a down payment on a home, but you say you don't want a mortgage. So...

Yea I already have a home paid for and the rental market is treacherous bad tenants etc

 

[davids355]

You need to have a skill that already makes you money, then you can invest to scale it up. But investing in something new I think is quite high risk for you. If that’s the case I’d suggest put it into bitcoin and leave it for a couple of years.

 

[gainAlink]

Bro.. Start a 5G proxy farm.

 

[troythegreat]

You need to have a skill that already makes you money, then you can invest to scale it up. But investing in something new I think is quite high risk for you. If that’s the case I’d suggest put it into bitcoin and leave it for a couple of years.

Hmm I was thinking about that but have no experience or knowledge about coin

 

[chrsplmr]

Don’t jump to fast !! Not sure what is best for “you” however opportunities will present themselves to those seeking.

 

[imnew]

I will keep 50% somewhere safe and use rest of the 50% to trade memecoins and shotcoins. I will target to make daily profits of only 20%.

 

[davids355]

I will keep 50% somewhere safe and use rest of the 50% to trade memecoins and shotcoins. I will target to make daily profits of only 20%.

That’s high risk beware. You could easily lose all your money fast. If you want to gamble it’s fine but be aware of the risks. If you want a slightly (in my opinion) safer “gamble” then stick with Bitcoin. You won’t get 100x but your money should appreciate over time.

 

[pancakett]

Hi guys I’ve inherited £50000 . What would you spend it on to make as much as possible ? I don’t want to put into a mortgage. I’m willing to work have some experience in drop shipping website creation and instagram . Thanks in advance

do whatever you are passionate about, good chances of success rather than running in someone else's race.

 

[pancakett]

I will keep 50% somewhere safe and use rest of the 50% to trade memecoins and shotcoins. I will target to make daily profits of only 20%.

no one, ever, can make daily profits of 20% 'consistently'

i repeat- no one.

 

[Ocke86]

I would invest it into my own business and for sure triple that in less than 6 months

 

[imnew]

no one, ever, can make daily profits of 20% 'consistently'

i repeat- no one.

Yes, I've heard that before but I can't understand why.

 

[smacker]

I will keep 50% somewhere safe and use rest of the 50% to trade memecoins and shotcoins. I will target to make daily profits of only 20%.

mate. if you could make 20% every day on your 25,000 invested you’d be a millionaire in 21 trading days. thats why it’s hard to do consistently.. unless you have an edge that nobody else does, or an insane lucky 21 day run

 

[pancakett]

Yes, I've heard that before but I can't understand why.

starting with $10, you would be sitting at roughly $1.5mn after approx 2 months.

the only logical thing to do in order to attempt such a thing would be to scale your 'day' to at least a month, making $2 with $10 the first month and so on, that way.. in 5 years you could get there. Higher probability at least but still, not realistic if you ask me, being consistent with 20% a month would pretty much require one of the sharpest minds on the planet.

The only way to be safe is to aim for 2% a month, with proper money management and control over your mindset / emotions.. that's something that may very well possible at least. It's less about what you do when all is going well and more about how you manage yourself when it isn't.. that's what keeps you in the game.