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?
Everyone saying that hold on that 250k and go with your life and wait 7 years to double it. I mean it’s ok but 7 years is a lot of time and you are also saying you are in a tough situation . For me 250k in seven years is just don’t sit well with me rather i would take risk and invest . Because what will you do in those 7 years and you would be an old man until you became an millionaire. Nowdays there are many opportunities that you can invest and gain good profit. It’s the era of online money making. If you are afraid of loosing and want to live a normal life then it’s ok. But i would rather research market first and calculate risk then invest. You are not doing a gamble you will definitely learn something from there . And there are many opportunities like this in the market you have to find those yourself. It’s only my opinion and iam already implementing this and learned a lot . Iam sure I will be successful in 1 year just wait to hear my story .