QuestionGuy
You are given $100,000, all of your debt is forgiven, and living expenses are all taken care of for two years. How do you turn that into generational wealth?
You are given $100,000, all of your debt is forgiven, and living expenses are all taken care of for two years. How do you turn that into generational wealth?
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Use it as a down payment on some real estate.
Property. That’s how.
Is there any other answer than buy a house?
Invest in whales Fargo which is the corrupt version of wells Fargo
100k in VT. Walk the earth
Take that hundred Gs and two years covered, and get a finance degree. Go to one of the big consulting firms, and work 80 hour weeks for the next ten years, while you continue to live like a broke college student. Now do another 15 years. At some point during this, have a kid. Now you’ll have millions in the bank, and a kid to leave it to.
Invest:
1) in real estate, can be rented generating revenue which will compound or on which I can live in removing that expense;
2) in your education. Although education is not equal to greater income it does open doors raising the ceiling and increasing future revenue;
3) opening my own company. Most often is the initial investment that is the hardest as in the beginning it won’t generate much revenue. This can be sold or inherited.
Completely buy apple, how much can it be, am I right?
I have a lot of mortgage debts on multiple properties. Pay that off and we have generational wealth. The extra 100k would be nice too.
Hit up the blackjack and roulette tables.
Invest in houses, i pretty good way to invest you money on
Buy land in bikini bottom. Spend 2 years trying to steal the Krabby Patty formula.
Buy some Bitcoin and pray.
Get married, have a child, hire a prostitute and an assassin using $20,000, kill my self, have the prostitute sleep with my kid as soon as they’re 18, and then the assassin kills them as soon as the kid is born. Easy 2 generations of wealth
I’m dumb af, probably take like 1000$ of it for myself and give the rest to my family bc idk how to invest
For me the living expenses for 2 years are worth as much as the $100k, so that doubles the money I’d have at the end of the 2 years already. Presumably “all your debt is forgiven” also includes my mortgage, so thats my house paid off which is a huge portion of my expenses forever paid off after that.
Its not enough to make any changes in the immediate term, but this would give a huge head start in how fast investing would go. By the time I die my mortgage plan alone is already planned to be just over 7 figures and I only invest a few hundred a month. This would allow me to invest my full mortgage payment each month, over tripling the investment.
Just storing in a savings account the money I’d be putting towards mortgage for 25 years would end me up with several hundred thousand in the bank. Investing that in an index fund along with the $100k, maxing out my ISAs and mortgage payments each year, my retirement fund would be so large when I die my kids would never have to work. Time is a super powerful thing, and this just gives you a 20 year head start thanks to the house.
Move my business into a larger shop and hire employees
Dirt,buy dirt. Can’t go wrong buying real estate. Rural land in my opinion.
Use the money to pay the premiums on a massive life insurance policy, then wait 2 years and kill myself. Life insurance typically pays out on suicide, but only after 2 years. Really the only guaranteed way to turn $100K into massive wealth.
YOLO on meme stonks
Buy land, as much as possible
Buy broad market Exchange Traded Funds, and reinvest the dividends.
I dont. I dont have kids and I don’t plan to. I would use that to live a nice life.
I hear crypto currency is the hot thing.
Keep working, invest for the next ten years.