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?
Bunch of questions
How old are you?
Why are you in a dead end job? Did you goto college? Can you goto college?
What city / type of city would you buy this house?
The most important thing to do is to get out of your dead end job lifestyle.
I would park 200k with the financial planners plan and invest 50k to either learn / upskill / goto college or buy a running business .
I won’t touch the 200k till i can pay my bills.
Whatever you do, DONOT buy any course you see from any ad that is being shown to you ( I know you are already thinking)