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I have an opportunity with no idea what to do with it (alien.top)

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

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I’m coming into about 250k in a couple months from an inheritance. It’s currently in stocks, bonds, REITs. It doubles roughly 7 years, so I’m told by my financial advisor. I could take it out in cash or leave it there for it to slowly grow.

My situation right now is rough. I’m living in a small apartment, can barely pay rent, my electricity just got shut off a couple days ago, my car note is 4 months behind. I work a dead end job and I’m broke as hell.

I want to use my inheritance to help me out of this rut. Not to spend it all on useless crap but either a home, or a business (PASSIVE preferably). I don’t have many business skill sets or anything like that. If I could make money online that would also be great. Not sure where to go

How do I begin with my little experience? It takes money to make money right? And I have that shortly so… what would you do?

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

I don't trust the passive income gurus personally, as most of the advice I've seen either amounts to a second job to be lucrative (software, selling goods) or doesn't really work for the majority who try a gimmick after the lucky few have already exploited it.

Given your post, I assume you don't actually know what you're real interests are yet. I'd take as little of the money as possible and experiment. You don't need high-end equipment to mess with hardware, software, trying out being a personality, whatever. You can typically get by on trash hardware, and learn more.

Tldr, I'd definitely think about school, but I'd want to experiment to figure out what my interests are first. Money can help you float along while you figure it out.