I have $20,000, what's next?

I would invest in crypto money

Hassandepp said:

$1000 to rent an expensive car.

$1000 to rent an expensive house.

Start a YouTube Vlog channel.

Spend remaining $18k on ads. (YouTube + fb + Instagram) and build your personal profile.

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So in your mind 1 month of rental of expensive car & expensive house in 3rd world country for 1 month is enough for someone to start a Youtube channel? Do you know anyone that this worked for?

For $1000/month people get a shared apartment / house with multiple roommates if its located in metropolitan areas of developed nations. In USA for $1000/month you might find old mobile home located in trailer park in bad neighborhood.

For $1000/month car in USA that's $30/day. You will get yourself cheapest car available for that money.

For $1000/month for house / car is doable in places like Bangladesh, Vietnam, Venezuela but who wants to watch few videos from unknown Youtuber about unknown topics. It would be the worst $18k spent on ads ever. Your advice is literally to copy fake guru's who show fake rented houses & cars and pretend they are their own. The big difference is that these fake guru's already have a large following for whatever reasons and they insert fake wealth into their content. A lot of people see thru it and make fun of these fake gurus. Your genius idea is to show fake wealth (house / car) and record content about it. You will do daily vlog of you walking around your rented house and taking few drives on your rented car. Each day you publish 2 videos to your brand new Youtube channel and start spending $100/day and it grows exponentially (day 1 - 2 x $100, day 2 - 4 x $100, day 3 - 6 x $100). After 30 days you've published 60 videos and spent $18k on ads with some of the early ones receiving almost full month x $100/day.

After 30 days you move out of the house, return the car and have $18k Youtube channel which with this high of budget would become monetized (1000+ subscribers & 4000+ hours). Now you must be making big bucks and will have residual income for the rest of your life making $1000/month with no other input. It will only take 20 months to make up originally invested $20k and after that its pure profit.

der4c3 said:

What is your actual skill set?

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Digital marketing

Opulentos said:

Rent a supercar, hire a model to stroke your hair while you talk about how rich you are, and sell courses.

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You mean more like

1) pay someone $10k to copy another guru's course & create you a website
2) rent nice house for $1000/day + nice car for $500 and model for $500
3) record sales video showing rented car + rented house + rented model and tell your potential students that they can have same lifestyle if they pay you $2500 for training and $1000/month for support
4) use rest of the money to advertise your sales video
5) another instant millionaire is made

have u paid off all debt and credit cards?

Buy some bitcoins for sure, this is the right time to invest.

Although I've no idea on crypto, I'd advise you invest some there (if you've sufficient knowledge) and/or on stocks. 10-30% of your money. Target most on heavyweights that have taken some hit. They'll bounce back eventually, after all the turmoil ends.

Spend some on setting a digital agency. It won't cost you 20K. Or even 10K, if you ask me. But all of that depends on how much you want to splurge. I'd suggest to start humbly. Just try making a nice brand out of it, a reliable trustworthy one. Work on your own profile before asking others to improve theirs.

But all of this, only after you've cleared all debts on short term loans, and those high-interest EMIs on credit cards. I have a feeling you don't owe any or much.

Good luck with the money. And spend wisely. A dollar's a dollar even if you have 20,000 of them stashed somewhere.

ehjax888 said:

have u paid off all debt and credit cards?

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I don't have debt, nor credit cards

thats good then, invest i guess

LegitHustler said:

Hey guys!

Finally I have reached my first goal which is save 20,000$.

Now I am willing to invest it locally, and scale up my game locally, and start focusing to grow in my own country, I am thinking to open a digital marketing agency in my country.

I would like to know if you had 20,000$, what would you do with it?

Let's share some ideas.

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$20k is a respectable amount.

Back in the day when I was in my early 30ties I saved $75k. I bought an apartment for $50k, so that I have a place to live. Number one most important.

Now I'm older, in my mid 30ties and I'm gonna use a chunk of the rest to equip the apartment (fridge, washing machine, bed, kitchen all that stuff) and to buy a car. Nothing fancy, just good enough.

When that's all done, I'll see what I have left over, and then I'll see what to do with it

LegitHustler said:

I don't have debt, nor credit cards

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If I was you, I'll read the make money section on the forum, find an idea, and try it out with a very small budget. See how that goes

1 macbook pro 16 inch
1 iphone 11 pro max
1 trip to Italy or Thailand and stay in 7 star hotels for 7 days.
4 expensive hookers and a lot of wines and alcohol.
Oh and a dslr to record high quality video's.
Rent a Lamborghini for a day.

Use the DSLR to record your life in luxury.
Then create a course and sell it for $997..
Live the dream..!

pofigy said:

ROFL ,ROFL

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What's so funny?

most of the stock markets are crashed, so it is best time to invest.

Save them, its pandemic time everything is shady.
For now, stick online, do what you good at online. then after the pandemic.
Do your research and read the market then make a step.

I saw an interesting post of somebody trying to promote their fiverr with counting money, before investing in somebody else idea,I would make an account on seoclercks and fiverr and all the sites that sell gigs and i would film myself for 20-50 bucks counting that 20 k$, or making another gig an filming yourself that you made that money after your bought some buyers course, practicaly until i would know what to do i would make money with money

Be smart, invest 20%. Save the rest in case you fail / need more capital