Econ What if you had $50K...
- Thread starter dougiemac
- Start date
I was recently in that position and decided to invest in a Friends startup It might pay off big time but if it doesn't it will at least be an interesting ride
I've made that pitch to a friend who has a start up, but they weren't looking for any investors yet.
Well then you have no other choice but to burn through the cash at a strip club.I've made that pitch to a friend who has a start up, but they weren't looking for any investors yet.
Gosh, I haven't done any research in the last few months, but I'm an in and out kinda guy instead of s buy and hold sorta dude.
Do I need safe search before I google those names?
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I'd start my own landscaping business...Come on Doug, give me the $50k and I'll bring you a check every month.
I'd start my own landscaping business...Come on Doug, give me the $50k and I'll bring you a check every month.
Ha!
No, but seriously though, I've been talking to my grandpa about a loan to start my own full service landscaping business. I'd need a lot more than $50k though. A spray truck alone is about $80k brand new, plus all of the other equipment and trailers and stuff. I have enough contacts that I could get a pretty good customer base fairly quickly and several people willing to work.
I can't think of a faster way to lose a friend. Is he married? Maybe you could bang his wife instead. It'd be cheaper.I was recently in that position and decided to invest in a Friends startup It might pay off big time but if it doesn't it will at least be an interesting ride
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Be aware that creating customers from contacts made while at your current employer could open you up to lawsuits.
Not a real risk in GA unless you have an air tight contract and a former employer with deep pockets. Non compete agreements and such are virtually unenforceable.
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Paying down a house is dumb. Interest on homes is far less what you'll make in almost any fund. Definitely less than the interest you'll make if you do a little research and invest it in a few decent stocks for the remaining years you owe on the house.