NLXSK1
Well-Known Member
It really depends on what type of person you are. You could buy a house or two and rent them out. That is a long term plan to create wealth. There is alot of hassle and maintenance with real estate though.Ive got some stocks.. as well as some other money possibly coming my way.. so the question is.. what to do with it?
Yes, I'd love to setup and grow.. but I'm trying to keep it legal
So? What would you do?
Another option is buying a business or franchise. You would need to have extensive business knowledge and/or have someone knowledgeable in the business. 100K is a pretty small nest egg for this type of activity. Things like coin operated vending machine route might fit this but that is high maintenance.
Alternatively you could buy a house for yourself and while working put the money you would have sent to a mortgage in a savings or investing account. That is the least hassle one I can think of.