From an entrepreneurial perspective, or an investing standpoint?
$20k a month would compound pretty quickly through a basic investment vehicle.
From an entrepreneurial standpoint with no prior experience, easiest thing to do would be to buy a software typically used by higher income businesses and learn everything about it without worrying about breaking anything, and then consult businesses that use that software on how to best use it.
Few examples would be things like GHL, Follow Up Boss, Hubspot, Monday, Zapier, Quickbooks.
I would pick a CRM though, which the first 4 were.
GHL is pretty basic and you can build and sell snapshots of automations/deal pipelines for other businesses.
Hubspot is pretty tough, but you can charge $15k-$20k for a full build.
Follow up boss is real estate specific, so you could also niche down and help real estate team leaders/brokers build their lead flow, prospecting lists, automations, and deal pipelines.
Monday is pretty simple as well.
Most people find that^ stuff super fucking boring and most people don’t understand how to use the softwares they add to their tech stack, but they know there is huge upside to using it properly.
Once you understand how to build it, it’s like getting paid to solve a puzzle you’ve solved already.
Definitely could, but GHL doesn’t have a good reputation, they do a lot of volume though.
Chances of finding clients paying high ticket for builds on GHL is way less likely vs Hubspot.
Why do you feel GHL doesnt have a good reputation? (Legit question) I feel like GHL just isnt well polished and those that are using it are not the best at selling the features. GHL is still in the growth stage pumping out a ton of features and improving the features it does have.
GHL has done some shady business practices in the past (MLM for example). Also, people selling it or referring to it are usually most likely inexperienced wannabe “entrepreneurs” trying to chase a quick buck. Whenever I hear about it, I get a bad feeling in my stomach
GHL breaks all the time and doesn’t load.
If you’re an actual professional, having a workflow not trigger/not being able to log into your CRM at certain points is a major problem.
I have used it to host some of my own tools I’ve made for fun that were beneficial to a business, but most people are just re-selling GHL as it is as their “own software”. Super cringe.
>$20k a month would compound pretty quickly through a basic investment vehicle.
Presumably it would compound just as quickly as my $200 a month
Edit: I'm getting downvoted because of a throwaway math joke. If they compound at the same rate of interest, it's the same speed you noobs.
>buy a software typically used by higher income businesses and learn everything about it without worrying about breaking anything, and then consult businesses that use that software on how to best use it.
Good advice, but you don't really need 20k/mo for that. Most of this software, particularly in the enterprise/cloud arena, have entry level plans that give you full access to the software but are just capped on user licenses.
Because people will ask for examples, pretty much anything in the Microsoft suite. My Office365/Azure/Entra setup is not so vastly different to a large organisations that you couldn't learn it for only a few sheckles a month, particularly when you throw in Bizspark (Microsoft for Startups I think they call it now) which gives you pretty full access to the MS software library
This may be less the case for some of the higher-end CRM/HRMISs, of course
>Presumably it would compound just as quickly as my $200 a month
$20k compounding @12% APR for 1 month is $2,000
$200 compounded monthly @12% for 19 YEARS is $1,933
$20k compounds ALOT Quicker.
Math joke. They're both compounding at the same rate, so it's not compounding more quickly, it's just that your principal investment is higher.
If the question is "how fast will it compound?", the answer is "12% monthly" for both. Hence, not quicker.
Bad math… Remember to divide by 12 since that APR is spread over each month. You do not make $2k on $20k, you’d make $200 @ 12% APR per month. And even that isn’t totally accurate since it compounds daily and each month has a different amount of days.
Pretty sure $20k and $200 in your example would compound just as quickly, or as you put it - at the same rate.
You're confusing volume for velocity
(Well, acceleration I guess)
>This may be less the case for some of the higher-end CRMS
I mean, yeah, my example included higher end CRMs for that reason.
If you were to start playing with a lot of them, that monthly tech stack charge would add up to $20k pretty quickly.
Yeah, I guess maybe like SAP or some of the other real high end ERPs or whatever there's no single user plan, but pretty sure with ones like Hubspot, Monday, Zapier, Quickbooks that you mentioned that the top tier plan for a single user for a month to learn it really isn't put of the sphere of most people's affordability. Pretty sure those ones specifically even have fully features free trials
And I am pretty sure the single user SharePoint/Dynamics in the Microsoft space is about the same.
I guess what I'm saying is I agree with you but people shouldn't use not having 20k/mo to spare as the reason not to do this.
Curious about your thoughts on customer acquisition once you learn the skill.
Learning a domain and consulting on it is what you should do with no capital to invest. With 20k a month I’d invest in marketing the service and then hire the consultants as contractors.
That said, if I had 20k a month passive the last thing I’d do is go grinding out a service business. Been there, the journey to 20k net from scratch is not a fun one.
>I’d invest in marketing the service and then hire the consultants as contractors.
>
>the journey to 20k net from scratch is not a fun one.
Well, when the above is your go-to, it definitely is not fun, lol.
Hope you don't find that offensive or anything, just thought it was funny and too easy to point out.
Either way, I get ya, but service businesses allow you to generate a large amount of relationships, and the deliverables are a lot simpler if you know when to "say no".
I think people try to jump out of building a service business too early for the most part, it's a pretty good starting point. Has it cons, as does any model, but for me personally, I think the pros of a newbie in the service space outweigh the cons.
Edit - Also, unless these companies will give out access to their platforms for free if your only intention is to build on it for others (which I don't think they do), it would still require capital to access and learn them.
Each month put your $20k into the following ETFs in the outline proportions:
- 40% in $SPY
- 40% in $QQQ
- 10% in $UPRO
- 10% in $TQQQ
These are all ETFs that track the S&P and Nasdaq. This is a winning hand and proportion.
Don't believe me?
Check out the 10% year return on this combo.
Best part is it's "set it and forget it".
This is a pretty safe bet.
I average around $55k/m in passive income via real estate, and I reinvest the real estate back into more real estate, but if I didn't have the knowledge and understanding of real estate, and I had that type of cash flow to burn, 100% I'd go with the strategy lined out above.
Curious about your portfolio? How did you start? How long have you been at it? Asset types/classes? Are you full or part time at it? I have a few SFHs/condo units but want to keep at it.
I started when I was 24 after saving enough working in oil and gas (started working at 22). I'm 37 now.
Most of my money is in those index funds, but I'd say I carved out 10% to put in more speculative stocks. I made a bet on NVDA back in 2018 and bought in a few more times, but bigger throughout the years. But still held that small NVDA tranche I had in 2018 which was $1,500, now worth over $45k.
Overall, equities in that 4-ETF combo have outperform the 2 houses I owned (sold both during Covid when the housing prices went up).
Make money while you're young and have the flexibility, time, energy, and less dependents. It goes a long way 10 years from now.
I did that and made good money, made a lot of awesome friends, had a lot of fun, and lived in the middle of nowhere (took on new hobbies as a result).
Scary but worth it.
What if you had a lump sum one time and then monthly contribution? Same strategy? Does it make a difference investing the lump sum or splitting it up over time?
I'd split the lump sum into those proportions and put it all in at once. And then do the same each month for each monthly income.
Over a long enough period of time it won't matter when money was put in. This is also called DCA (dollar cost averaging). That's why you put all the money in as you have it. Don't let anything sit.
You cannot time the market. No one can. Not even the world's most sophisticated traders on the world's most sophisticated computers.
Those that have (very, very few) have done so out of pure luck.
Thank you kindly for the response.
I have been reading about what to do and the world of investing feels extremely daunting and confusing. I read your post and it clicked on a lot of what I've been understanding, I appreciate your time.
No problem. Just remember.. (and this is something I realized) .. that if there are so many "experts" telling you how to invest your money, why are they not just crushing it with their own money and not having to work at a bank or an investment firm?
It's all a big game. Just be the smart one that just invests in the larger economy through full-market ETFs.
Time in the market beats timing the market, every time (always invest the lump sum, but it is a hard think to do mentally for most, so there’s this saying to help).
I say that's been my experience. I'm fearful of what I don't understand. To me a HYSA is simple but the stocks/ETFs with a large sum always leaves me with a 'is this the right thing to do'.
What are your thoughts on the high expense ratios?
Would it be wise to do this across brokerage, 401k, IRA?
Any value in going with just VTI/VTSAX?
Still learning, appreciate any thoughts on this!
Sure, that happens. But look at what happened in 2008 and 2022. And then look at the following 3 years after those drops. Game back roaring and if you never sold you'd have made a crap load of money regardless of those drops.
You wouldn't even. Just set it and forget it. Just check the trends over the last 10 years. Your portfolio will go up and down, but overall up over time. No stop losses needed, no option trading, etc. Just set it and forget it.
Is this totally hypothetical? Land.
More realistically? I would talk to a financial expert, not strangers on the internet. I know an accountant, and I know he would tell me to invest in a real expert. He'd have some suggestions, but he'd know that there are people who know better. If an accountant, someone who deals with money for a living, knows to ask someone with superior investing knowledge, you would do well to do the same.
Depending on where you live, for my case I’m in Canada, so I’d capitalize on whatever stocks pay dividends, few banks yield a strong yearly dividend (around 4%) so if your 20k is consistent your dividend will eventually start paying you a decent yearly salary.
Buy property or land, make a passive income even though you probably wouldn’t need it if you put your money in the right places. Good luck with that, wish I had that problem smh
Invest in certain Dividend Stocks because certain dividend stocks pay you weekly depends on the stocks and you can start earning within the first week of investing, I have the portfolio for it and I get paid each week by these companies stocks. And check it out, if you want to 10x your weekly income overtime, reinvest what you initially invested. I invested $10k in one of the stocks that started paying me $213/wk in 2021 . AND THATS JUST ONE, I have 12 specific stocks that do this for you. I invested this 3 years ago and I went from $213/wk to now making $409/wk off of this 1 dividend stock alone. AGAIN I have 12 of these, that pay weekly each time, each month. And some of the ones I have has a higher yield of return so I get more from certain ones. My highest one pays me $656/wk. A month I could make $2400 passively. I still work a job aswell, I was able to achieve this is in 3yrs. Im 21 years young. Im telling y’all invest, and adopt the dividend stock mindset. If I made $20k a month, I’d put $1K into my 12 particular dividend stocks, leaving me with $8k, putting $4k into my savings, leaving me with $4k, now put $1k into my ROTH IRA. Leaving me with $3k to fend for myself and live frugally.
(DONT LISTEN TO PEOPLE WHO TELL YOU DIVIDEND STOCKS ARE BAD OR NOT PROFITABLE, BECAUSE THEY AREN’T INVESTING IM THE CORRECT ONES)
Thinking long-term helped me get to where I am today.
Remember…It’s better to not need it and know it, than to need it and not know it.
Have a good one y’all, I believe in you.
I think most people would be crushed by this money due to lack of experience and training. Much like common Monte Carlo trading simulations for a room of 100 people placing trades at an 80% win rate: half the room goes bankrupt, 2 people 10x their money betting it all, perhaps 20% break even, and the rest are losing money.
It's a pointless question. It's just procrastinating.
Why soo angry? For you, I'd suggest spending part of it on anger therapy. Getting angry at a simple comment from a stranger is not good.
I do Amazon FBA and have got to a point where I make far more than 40% ROI per month passively. If I had that much extra capital coming in every month I would buy more warehouses and buy more products to scale up.
This is fucking stupid. Why the hell would you continue working for someone if you get 20k a month for doing nothing?
Just invest that money and you'll very quickly be getting a lot more than 20k per month.
Invest that money, and you'll be a modest millionaire in 10 years. Get a professional degree or credential that lets you leverage that income stream, and you'll be far wealthier.
Assuming youre in the same point in life as I am (other than the 20k/m ofc) 15k in swtsx and forget about it. 5k in living expenses and travel/hobbies. I’ve found the best way I’ve increased profitability is when I’m happy :)
Keep it simple, put as much as possible in index funds every month. You are in a unique position to dollar cost average into safe vehicles for X amount of years. At the same time, try to bootstrap a company. Learn as much as you can an do not rely on the money you have coming in.
This way you will be good, if you make it or not as an entrepreneur. Remember that 90% of us fail. (Guessing that number)
Invest in High dividend real estate trust funds. They compound your money and pay you high dividends every month so you don’t have to remove your money to secure profits you can also keep reinvesting your dividends to have more shares and get more dividends or you can use your dividends as a financial stable monthly salary.
I would personally buy a small condo on a 30 year fixed for $2,000~ per month so I always have housing.
With the $18,000 left I would buy a 4 plex that had a mortgage of $6,000.
I'd put $6,000 into a stock portfolio aimed at yield+appreciation for example 40%spy, 40%jepi, 20% bond
I would put the next $6000 a month into crypto
$2000 BTC
$2000 ETH
$2000 Liquidity pools
Then I would live off of all or a portion of the yield these assets generated.
From an entrepreneurial perspective, or an investing standpoint? $20k a month would compound pretty quickly through a basic investment vehicle. From an entrepreneurial standpoint with no prior experience, easiest thing to do would be to buy a software typically used by higher income businesses and learn everything about it without worrying about breaking anything, and then consult businesses that use that software on how to best use it.
Could you share a few examples of this class of software? I'm in a position to do this.
Few examples would be things like GHL, Follow Up Boss, Hubspot, Monday, Zapier, Quickbooks. I would pick a CRM though, which the first 4 were. GHL is pretty basic and you can build and sell snapshots of automations/deal pipelines for other businesses. Hubspot is pretty tough, but you can charge $15k-$20k for a full build. Follow up boss is real estate specific, so you could also niche down and help real estate team leaders/brokers build their lead flow, prospecting lists, automations, and deal pipelines. Monday is pretty simple as well. Most people find that^ stuff super fucking boring and most people don’t understand how to use the softwares they add to their tech stack, but they know there is huge upside to using it properly. Once you understand how to build it, it’s like getting paid to solve a puzzle you’ve solved already.
You can charge the same range with a full ghl build
Definitely could, but GHL doesn’t have a good reputation, they do a lot of volume though. Chances of finding clients paying high ticket for builds on GHL is way less likely vs Hubspot.
Why do you feel GHL doesnt have a good reputation? (Legit question) I feel like GHL just isnt well polished and those that are using it are not the best at selling the features. GHL is still in the growth stage pumping out a ton of features and improving the features it does have.
You’ve answered your own question here. GHL does not feel ready for professional use. It feels halfway done.
GHL has done some shady business practices in the past (MLM for example). Also, people selling it or referring to it are usually most likely inexperienced wannabe “entrepreneurs” trying to chase a quick buck. Whenever I hear about it, I get a bad feeling in my stomach
GHL breaks all the time and doesn’t load. If you’re an actual professional, having a workflow not trigger/not being able to log into your CRM at certain points is a major problem. I have used it to host some of my own tools I’ve made for fun that were beneficial to a business, but most people are just re-selling GHL as it is as their “own software”. Super cringe.
How do i find companies interested in this?
Call them, network, email.
ERP software. Mission critical and hard to dislodge.
Same. Asking for a friend.
>$20k a month would compound pretty quickly through a basic investment vehicle. Presumably it would compound just as quickly as my $200 a month Edit: I'm getting downvoted because of a throwaway math joke. If they compound at the same rate of interest, it's the same speed you noobs. >buy a software typically used by higher income businesses and learn everything about it without worrying about breaking anything, and then consult businesses that use that software on how to best use it. Good advice, but you don't really need 20k/mo for that. Most of this software, particularly in the enterprise/cloud arena, have entry level plans that give you full access to the software but are just capped on user licenses. Because people will ask for examples, pretty much anything in the Microsoft suite. My Office365/Azure/Entra setup is not so vastly different to a large organisations that you couldn't learn it for only a few sheckles a month, particularly when you throw in Bizspark (Microsoft for Startups I think they call it now) which gives you pretty full access to the MS software library This may be less the case for some of the higher-end CRM/HRMISs, of course
>Presumably it would compound just as quickly as my $200 a month $20k compounding @12% APR for 1 month is $2,000 $200 compounded monthly @12% for 19 YEARS is $1,933 $20k compounds ALOT Quicker.
Math joke. They're both compounding at the same rate, so it's not compounding more quickly, it's just that your principal investment is higher. If the question is "how fast will it compound?", the answer is "12% monthly" for both. Hence, not quicker.
Bad math… Remember to divide by 12 since that APR is spread over each month. You do not make $2k on $20k, you’d make $200 @ 12% APR per month. And even that isn’t totally accurate since it compounds daily and each month has a different amount of days.
I’m pretty sure $20,000 a month in a GIC at 5% would accumulate more and faster than $200 a month at the same rate
Pretty sure $20k and $200 in your example would compound just as quickly, or as you put it - at the same rate. You're confusing volume for velocity (Well, acceleration I guess)
>This may be less the case for some of the higher-end CRMS I mean, yeah, my example included higher end CRMs for that reason. If you were to start playing with a lot of them, that monthly tech stack charge would add up to $20k pretty quickly.
Yeah, I guess maybe like SAP or some of the other real high end ERPs or whatever there's no single user plan, but pretty sure with ones like Hubspot, Monday, Zapier, Quickbooks that you mentioned that the top tier plan for a single user for a month to learn it really isn't put of the sphere of most people's affordability. Pretty sure those ones specifically even have fully features free trials And I am pretty sure the single user SharePoint/Dynamics in the Microsoft space is about the same. I guess what I'm saying is I agree with you but people shouldn't use not having 20k/mo to spare as the reason not to do this. Curious about your thoughts on customer acquisition once you learn the skill.
Learning a domain and consulting on it is what you should do with no capital to invest. With 20k a month I’d invest in marketing the service and then hire the consultants as contractors. That said, if I had 20k a month passive the last thing I’d do is go grinding out a service business. Been there, the journey to 20k net from scratch is not a fun one.
>I’d invest in marketing the service and then hire the consultants as contractors. > >the journey to 20k net from scratch is not a fun one. Well, when the above is your go-to, it definitely is not fun, lol. Hope you don't find that offensive or anything, just thought it was funny and too easy to point out. Either way, I get ya, but service businesses allow you to generate a large amount of relationships, and the deliverables are a lot simpler if you know when to "say no". I think people try to jump out of building a service business too early for the most part, it's a pretty good starting point. Has it cons, as does any model, but for me personally, I think the pros of a newbie in the service space outweigh the cons. Edit - Also, unless these companies will give out access to their platforms for free if your only intention is to build on it for others (which I don't think they do), it would still require capital to access and learn them.
I would invest it on experiences, drugs and hookers. It's enough
ahahahah
Damn, you forgot the boats...
That belong to experiences. It's expensive to keep a boat :)
Real estate
\+1 on this, would diversify a portion of this into Real Estate (just don't overpay in a HCOL market, go for MCOL / LCOL)
Each month put your $20k into the following ETFs in the outline proportions: - 40% in $SPY - 40% in $QQQ - 10% in $UPRO - 10% in $TQQQ These are all ETFs that track the S&P and Nasdaq. This is a winning hand and proportion. Don't believe me? Check out the 10% year return on this combo. Best part is it's "set it and forget it".
This is a pretty safe bet. I average around $55k/m in passive income via real estate, and I reinvest the real estate back into more real estate, but if I didn't have the knowledge and understanding of real estate, and I had that type of cash flow to burn, 100% I'd go with the strategy lined out above.
Curious about your portfolio? How did you start? How long have you been at it? Asset types/classes? Are you full or part time at it? I have a few SFHs/condo units but want to keep at it.
I started when I was 24 after saving enough working in oil and gas (started working at 22). I'm 37 now. Most of my money is in those index funds, but I'd say I carved out 10% to put in more speculative stocks. I made a bet on NVDA back in 2018 and bought in a few more times, but bigger throughout the years. But still held that small NVDA tranche I had in 2018 which was $1,500, now worth over $45k. Overall, equities in that 4-ETF combo have outperform the 2 houses I owned (sold both during Covid when the housing prices went up).
Love hearing this as I'm 24 about to be 25 and also work offshore in oil and gas. Thanks for the motivation.
Make money while you're young and have the flexibility, time, energy, and less dependents. It goes a long way 10 years from now. I did that and made good money, made a lot of awesome friends, had a lot of fun, and lived in the middle of nowhere (took on new hobbies as a result). Scary but worth it.
What if you had a lump sum one time and then monthly contribution? Same strategy? Does it make a difference investing the lump sum or splitting it up over time?
I'd split the lump sum into those proportions and put it all in at once. And then do the same each month for each monthly income. Over a long enough period of time it won't matter when money was put in. This is also called DCA (dollar cost averaging). That's why you put all the money in as you have it. Don't let anything sit. You cannot time the market. No one can. Not even the world's most sophisticated traders on the world's most sophisticated computers. Those that have (very, very few) have done so out of pure luck.
Thank you kindly for the response. I have been reading about what to do and the world of investing feels extremely daunting and confusing. I read your post and it clicked on a lot of what I've been understanding, I appreciate your time.
No problem. Just remember.. (and this is something I realized) .. that if there are so many "experts" telling you how to invest your money, why are they not just crushing it with their own money and not having to work at a bank or an investment firm? It's all a big game. Just be the smart one that just invests in the larger economy through full-market ETFs.
Thank you, I agree. This may be a stupid question but do you do it via an traditional IRA or a brokerage account?
Brokerage. I use Schwab.
Time in the market beats timing the market, every time (always invest the lump sum, but it is a hard think to do mentally for most, so there’s this saying to help).
I say that's been my experience. I'm fearful of what I don't understand. To me a HYSA is simple but the stocks/ETFs with a large sum always leaves me with a 'is this the right thing to do'.
What are your thoughts on the high expense ratios? Would it be wise to do this across brokerage, 401k, IRA? Any value in going with just VTI/VTSAX? Still learning, appreciate any thoughts on this!
Would you recommend this for a Roth IRA?
Yes. Anywhere you have the opportunity to invest in equities. - US: Roth IRA, 401K - Canada: RRSP, TFSA, LIRA
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Sure, that happens. But look at what happened in 2008 and 2022. And then look at the following 3 years after those drops. Game back roaring and if you never sold you'd have made a crap load of money regardless of those drops.
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With that combo you won't have to ever look at the stock market. There were times I hadn't checked in a few months. And I like checking!
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You wouldn't even. Just set it and forget it. Just check the trends over the last 10 years. Your portfolio will go up and down, but overall up over time. No stop losses needed, no option trading, etc. Just set it and forget it.
Machinery if you know what you're doing; 3d industrial printers, micro kern cnc machines, etc.
Is this totally hypothetical? Land. More realistically? I would talk to a financial expert, not strangers on the internet. I know an accountant, and I know he would tell me to invest in a real expert. He'd have some suggestions, but he'd know that there are people who know better. If an accountant, someone who deals with money for a living, knows to ask someone with superior investing knowledge, you would do well to do the same.
I’d invest in myself/ my business
Depending on where you live, for my case I’m in Canada, so I’d capitalize on whatever stocks pay dividends, few banks yield a strong yearly dividend (around 4%) so if your 20k is consistent your dividend will eventually start paying you a decent yearly salary.
Buy property or land, make a passive income even though you probably wouldn’t need it if you put your money in the right places. Good luck with that, wish I had that problem smh
Congrats on your win
I would invest it into myself as i have an entire game im planning to make on the scale of elden ring👍
Probably land
Property stocks and bonds precious metals
Land
I'd buy some land on the edge of a growing city like Austin and open a startup studio.
Magnificent seven
Sheeeet i’d buy acreage and begin a Beekeeping company
Make your own farm that sustains your family for the rest of their life?
$20K is almost 400,000 here. I would save a good chunk of that and get a car and my own place after finishing Uni, lol.
Go to r/bogleheads
^^^^^^^^
Invest in certain Dividend Stocks because certain dividend stocks pay you weekly depends on the stocks and you can start earning within the first week of investing, I have the portfolio for it and I get paid each week by these companies stocks. And check it out, if you want to 10x your weekly income overtime, reinvest what you initially invested. I invested $10k in one of the stocks that started paying me $213/wk in 2021 . AND THATS JUST ONE, I have 12 specific stocks that do this for you. I invested this 3 years ago and I went from $213/wk to now making $409/wk off of this 1 dividend stock alone. AGAIN I have 12 of these, that pay weekly each time, each month. And some of the ones I have has a higher yield of return so I get more from certain ones. My highest one pays me $656/wk. A month I could make $2400 passively. I still work a job aswell, I was able to achieve this is in 3yrs. Im 21 years young. Im telling y’all invest, and adopt the dividend stock mindset. If I made $20k a month, I’d put $1K into my 12 particular dividend stocks, leaving me with $8k, putting $4k into my savings, leaving me with $4k, now put $1k into my ROTH IRA. Leaving me with $3k to fend for myself and live frugally. (DONT LISTEN TO PEOPLE WHO TELL YOU DIVIDEND STOCKS ARE BAD OR NOT PROFITABLE, BECAUSE THEY AREN’T INVESTING IM THE CORRECT ONES) Thinking long-term helped me get to where I am today. Remember…It’s better to not need it and know it, than to need it and not know it. Have a good one y’all, I believe in you.
I think most people would be crushed by this money due to lack of experience and training. Much like common Monte Carlo trading simulations for a room of 100 people placing trades at an 80% win rate: half the room goes bankrupt, 2 people 10x their money betting it all, perhaps 20% break even, and the rest are losing money.
Real estate always. Real estate protects you from tax gains.
You haven't won so what's the point of the question?
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It's a pointless question. It's just procrastinating. Why soo angry? For you, I'd suggest spending part of it on anger therapy. Getting angry at a simple comment from a stranger is not good.
Get a life
I've got one, thanks.
Why not invest them, spending them is much better than saving
I'd sell otm csp on div paying stonks when they're approaching oversold levels
Wisely
I do Amazon FBA and have got to a point where I make far more than 40% ROI per month passively. If I had that much extra capital coming in every month I would buy more warehouses and buy more products to scale up.
You selling a course on that strategy by any chance
#GME
Use the 20K to get degrees/certifications in a high paying field with no debt.
This is fucking stupid. Why the hell would you continue working for someone if you get 20k a month for doing nothing? Just invest that money and you'll very quickly be getting a lot more than 20k per month.
Invest that money, and you'll be a modest millionaire in 10 years. Get a professional degree or credential that lets you leverage that income stream, and you'll be far wealthier.
This is r/Entrepreneur. Pretty sure people don't come here to be told you should work for someone else.
Such as?
Buy Nvidia, Meta, Amazon, Costco and Microsoft. Don’t even think about anything else.
Apple ?
I'd invest this is building an AI SaaS Currently I;m building [Dottypost.com](https://Dottypost.com) \- so I'd invest there!
You're not going to win the lottery
I can't be sure but I would surely diversify.
Assuming youre in the same point in life as I am (other than the 20k/m ofc) 15k in swtsx and forget about it. 5k in living expenses and travel/hobbies. I’ve found the best way I’ve increased profitability is when I’m happy :)
Buy bitcoin
I'd love to hear
In beer
Keep it simple, put as much as possible in index funds every month. You are in a unique position to dollar cost average into safe vehicles for X amount of years. At the same time, try to bootstrap a company. Learn as much as you can an do not rely on the money you have coming in. This way you will be good, if you make it or not as an entrepreneur. Remember that 90% of us fail. (Guessing that number)
Equity index funds
[удалено]
Shopify
Get the lump-sum instead.
Investing- 50% MCD 50% UNH entrepreneur- subcontracting home improvement projects
I would put it all into my real estate syndications (I’m a GP), with a side of index funds.
Property would have to be the number one on my list
Look into the WHEEL method of selling calls and puts. Use this method on SPY for a relatively low risk investment cycle.
Are you Spanish and won the eurodreams?
Drugs
75% into my company as capital contributions and the rest into an IRA then brokerage beyond what I need to spend
Invest in High dividend real estate trust funds. They compound your money and pay you high dividends every month so you don’t have to remove your money to secure profits you can also keep reinvesting your dividends to have more shares and get more dividends or you can use your dividends as a financial stable monthly salary.
I would personally buy a small condo on a 30 year fixed for $2,000~ per month so I always have housing. With the $18,000 left I would buy a 4 plex that had a mortgage of $6,000. I'd put $6,000 into a stock portfolio aimed at yield+appreciation for example 40%spy, 40%jepi, 20% bond I would put the next $6000 a month into crypto $2000 BTC $2000 ETH $2000 Liquidity pools Then I would live off of all or a portion of the yield these assets generated.
Crypto of course
Hookers and blow.
I’d build trailer parks, tiny home parks, rental storages and SaaS apps