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I'm 26 and have $100,000, what should I do?

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ngwilson
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I'm 26 and have $100,000, what should I do?  Reply with quote  

My name is Nate and I am 26 with $100,000 and no clue what to do with it. I have a great paying full time job, do lots of side work (cord wood, field mowing, etc.), and buy/sell equipment. Just bought a house with land a year ago, own a truck, car, excavator and saw mill. My 401k and IRA are very well ahead of the game for my age and right now I have invested $45,000 in mutual funds. The rest of my money is either in savings or cash. I currently am debt free except for my mortgage that has an interest rate of 3.75%.

This $100,000 for me is considered my “play fund” and will not leave me with nothing if I use it. Really looking for ways to make more with what I have. I have debated rental properties, a small business, and purchasing new equipment for my side work. The only problem is I don’t want to leave my full-time job, so a small business would have to be manageable without my attention 24/7. My side work is a good source of additional income, but it would be nice to have added help as I am tied up with all my other responsibilities.

Really a self-run business, such as a franchise, would be ideal, but costs well over $100,000.
Post Mon Feb 20, 2017 12:19 am
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oldguy
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You're dong great! I would probably invest it in a SP500 Index Fund. It traditionally grows at about 11%/year, it grows tax deferred, requires no attention or work. It would be about $800,000 in 20 years, $1.1M in 30 years, and so on. (The Rule of 72, money doubles about every 6.5 years.).

A franchise is more of a head-ache than you think, you'll spend lots of time hiring/firing min wage help. In some ways, you will have bought yourself a minimum wage job. You can earn a higher return by running your excavator and truck.
Post Mon Feb 20, 2017 5:20 am
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Rahimlakhany
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Currently, it’s great to have investment on Crypto Currencies, as in worst case scenario, it’s likely to grow so certainly a good option. If you put this much in thing like Ethereum which runs near 200-300 USD, it could double/triple your money in really no time! Also, I see the risk very low.
Post Fri Jul 07, 2017 5:10 pm
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Ronald7070
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I would probably invest 10 000$ in a https://hashing24.com/?rid=53616c7465645f5f4a507fb2cfc2f9911607cae6bff38544
Post Fri Jul 14, 2017 2:20 pm
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Ronald7070
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Income is about 7-8% / month ...
Post Fri Jul 14, 2017 2:27 pm
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Steven44
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quote:
Originally posted by Rahimlakhany
Currently, it’s great to have investment on Crypto Currencies, as in worst case scenario, it’s likely to grow so certainly a good option. If you put this much in thing like Ethereum which runs near 200-300 USD, it could double/triple your money in really no time! Also, I see the risk very low.


Cryptocurrencies are so damn volatile tho. It is a great risk for a person who don't know much about the market.
Post Tue Jul 25, 2017 1:13 pm
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