Entrepreneur

I do, but for some reason I also overspend. Best solution I’ve found is to invest back in my own ability to make more money: courses, coaching, handbooks etc. Best ROI.

First, buying property, convert to HMOs and get tenants in asap. After the first year, re-mortgage and buy another property, do the same. Should now have enough income from the properties to be self sufficient. Possibly even £4,800 gross per month assuming 4 tenants per property (8 in total) and each paying £600 per/m.

Whilst the 10/15k is coming I’ll keep buying property, converting to HMO and re-mortgaging. I may be inclined to do some ‘3 bed family homes’ too to help diversify and get some long term tenants.

The goal here is to become self sufficient and earn my own £10k or so per month once the free cash ends.

With extra cash, I would look to invest in businesses, and create some sort of online business. Maybe online course related s this can scale easily up to £40k per month or so, NET. But also I would take a ton of courses in online marketing and trying to understand business more to the best I can. I want to be more knowledgable than the competition.

Now that I’m self sufficient and should have around at least 50k in per month. Time to move to Dubai, setup a company there. Base myself there so that I mitigate tax costs. But also a great place for networking and becoming even richer.

Once I’m bloated with cash, probably return to the UK, buy a super lush property of a few million and basically retire early; all with passive income. Maybe even buy or start up a lettings agency so that I can do all the property management stuff in-house and save further.

I think the point is, once you get an initial bit of self sufficiency which would enable you to purchase property to let, then you’re sorted in life.

I would invest it into my software and get more developers and 10,000x it

I would do real estate! Or digital marketing! I do both! :)

It sounds like you lack both original ideas and experience. I'm not trying to be mean, just calling it as I see it.

If you want to get into the business world the best education you can get is getting a job at a startup/early stage company. You'll get experience in range of aspects of running a business whereas in a regular job you tend to be stuck in a narrow tightly defined role.

In my previous startup my first ten employees were kids straight out of university and a majority of them were either promoted internally to senior roles as the company grew or left to work in senior positions in other companies - some starter their own businesses.

That being said none of those kids were "normal". They were either highly intelligent, unusually creative, or driven AF. Often a mixture of the three.

At only 10-15k a month, I don’t understand why your post mentions “temporarily” because wage-ies that make 6 figures make that on a monthly basis. I don’t think this figure is anything special.

I think that the best investment is to invest in yourself.

Git gud and you will earn more.

Bro if you’re making 10k a month, you’ll know what you need to do next to double it. There is no magical fairy that will drop 10k in your lap without you having any idea what you did to get it or what your next step is.

Man just accumulate money and invest it wisely if you want to play safe . If you are a risk taker you can easily start any business you like simple I my case i will surely go for 2 option my dreame startup

Wait so you guys are getting 10k-15k a month from magical fairytale hands.. Without me :(

I'd put 1-2k into starting an ecommerce, test some marketing strategies and once I see it works I'd invest the rest on ads.

I would say just put it into s&p and just enjoy the modest return, because other ideas require a fairy tale person that is willing to at least learn something, or show that they've 'taken an interest' in something. this fairy tale person literally has done zero with their life and shouldn't own a business or come into the conversation until they've done some homework.

Real estate is always a good business.

But it can also be so many things - depends what you wish to achieve - may be you already have a company or an idea, so invest the money in developing the ideal product.

Buy shit to rent out. Trucks, vans, trailers, construction equipment, recreational equipment like kayaks or rv's and shit. Just think of things you or your friends and family may have rented in the last couple years.

I'd earn the money before wondering what to do with it.

Awesome

Double down on what is making me money right now (if it's businesses related)

Better call Saul

Spend a little to set up a business, buy a domain, etc…

Partner with a few other businesses in emerging tech by telling them I’ll bring them clients.

Spend up about $400/month on a lead generation system and start sending out messages.

Bitcoin

IMO, right now isn't a great time to be doing anything beside stuffing your money in a HYSA or some bonds or something and get the 5% with zero risk.

I personally feel a little "restless" with my resources too, but I know the best thing is to sit on my hands for a little bit and see how everything plays out.

I would just invest in more of our companies but in different cities. The studios work so far in LA and Seattle 🤷‍♀️

I’d invest in myself, but at the same time learn a skill that can grow that wealth. Spend 1k on a course or networking. Build connections or clients. If you’re good at marketing spend it on building a product, marketing a brand, anything that. Just use that money your good at. If it’s building a business build a plan of the business and spend all that money on marketing.

Or join a Wall Street Reddit account and yolo it to post later 👍🏼

I am in the exact situation. My online flipping business has improved so that I have plenty of capital to invest. I tried knives, and they did not give me enough margin. So now I am learning jewelry. I plan to buy as much designer jewelry pieces as I can and either flip them or hold them for increase in value. I don't like stocks right now with the fed rates, so jewelry seems reasonable.

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.

Real estate easy

Have you tried to consider selling on Amazon and Walmart. I started amazon business with my student loan repayment money I saved from January 2020 to December 2020. I am not making too much money but I get paid btw $4500 to $7500 every two weeks which includes my cost of goods. So you have a good amount to start but you have to hire someone who knows the business very well. Good luck!

I’d start making social media videos about this magic fairy. I’d also save 1,000 from the first deposit move it to a separate account. After 6 months I’ve hopefully got enough people talking about it I can invite 5 Social Media personalities to witness first hand this fairy. They will be granted permission to post the videos.
Viral mayhem would ensue. Afterwards sell merchandise. Then sell $1 of the original $1,000 I set aside from the first deposit for an average of $2,500.

With selling some of the fairy money for more than face value, selling exclusive tickets to people watching me accept the money from the fairy, merch, social media revenue from the videos. I’ll be fine when the fairy quits in a few years.

I’ll write book, license out for tv, movie deals.

I feel confident I’d be able to be at 100k a month by the time the fairy quits.

Interesting question, have you found a fairy?

reduce cost of living to < 5k, learn to code asap, take it from there

first establish a nest egg before planning an investment all invests carry risk

I would say investing in land is good, but it seems like we have a bad market for that right now

Build up your education until you can draw a game plan.

Buy apartments and rent them.

Maybe if you know someone who can mentor you and help you that would be great

if I had 10k/month I would start an investment fund like any kind of fund i.e. VC, investment company anything in the banking sector. It might take some time to get a steady income but when it does it good cash

​

i am just a nerd

Generating a sustainable revenue stream from a temporary windfall of 10-15k per month is an exciting opportunity, but it does require careful planning and consideration. Here's a general strategy that could work for you:
Emergency Fund: First, set aside a portion of your earnings into an emergency fund. This safety net will provide you with peace of mind in case things don't go as planned.
Invest: Consider investing a portion of your money in diversified assets, such as stocks, bonds, or real estate. You may want to consult a financial advisor to make informed decisions based on your risk tolerance and financial goals.
Start a Business: If you have a business idea or a skill you're passionate about, consider investing in a small business. You could use your earnings to launch a venture that you're knowledgeable and passionate about.
Real Estate: Real estate can be a great long-term investment. You could purchase rental properties, commercial real estate, or even invest in real estate investment trusts (REITs).
Education: Invest in improving your skills and knowledge, which can lead to higher income potential in the long run. This might mean taking courses or pursuing a higher degree.
Diversify Income Streams: Explore other sources of income, such as side gigs, freelancing, or part-time work in a field you're interested in.
Budget and Save: Develop a budget to manage your expenses and save money. Reducing unnecessary spending can help you increase your savings and investments.
Retirement Accounts: Maximize contributions to retirement accounts like a 401(k) or IRA. This can secure your financial future.
Charitable Giving: Consider giving back to your community or supporting causes you care about. Charitable contributions can also have tax benefits.
Consult a Financial Advisor: It's essential to consult with a financial advisor or planner to create a personalized financial plan tailored to your specific goals and risk tolerance.
Remember, the key to building a sustainable revenue stream is to balance risk and diversify your investments. Your financial strategy will depend on your personal goals, risk tolerance, and the time horizon you have in mind. It's important to manage your wealth wisely and think about both short-term and long-term financial security.

Bitcoin and tesla

I’d save some and travel with some. As far as lending, I’d lend some to entrepreneurs through Kiva. Money is the tool for my happiness.

I'd probably get back into renting cars out on turo