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If you had the ability to earn up to 10-15k in cash per month (temporarily), how could you flip/reinvest that money to make a sustainable revenue stream? (alien.top)

submitted 1 year ago by Nickdoralmao@alien.top to c/entrepreneur@indiehackers.space

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Let’s say a magical fairy hands you $10k each month…lol, that you may stop receiving after a few years. How could you build a business or invest that money so that it becomes a reliable income? And you have zero schooling, just starting from scratch. E-commerce? Buy a food truck? Day-trading? Real estate? What would you do if you were starting from zero and this is all you had? Sorry for the stupidity of this question!

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[–] dancephotographer@alien.top 1 points 1 year ago

The thing is it depends so much on you. I loved owning real estate but for many dealing with the hassles sucks. I have a cousin who is Harvard educated - for him what I did was chump change.

I think you need to inventory your strengths and tolerances and design a plan that works for you.

A previous poster recommended education - finding a mentor who has done what you want to do might be the best practical advise given.