Big Disclaimer: This thread is SLOWLANE. But sometimes even when you're in the FastLane, it's helpful to ponder things like this for fun...
I was moved to start this thread after having a conversation with some co-workers at the office. It seems like with the economy the way it is, nobody is even thinking of trying to find another JOB if they get laid off. The talk of the day was of everyone starting their own businesses, or really just becoming "Self-Employed" if the whole outhouse burns down and they end up out on the street soon.
(Examples: Franchises? Buy a truck & trailer and become a long haul trucker? Purchase a house and become a flipper? Somehow become a Plumber or other skilled tradesman? Buy an existing business? Buy a Taxi and become an owner/operator Taxi driver? Do you parlay your $100k into an apartment complex or a self-storage facility? (How??)) --- Remember that the focus here is to replace your income QUICKLY... So please refrain from businesses that might take over 24 months to begin receiving good income from.
The world is your Oyster... let's hear your ideas!!!!!!!!
:fastlane::fastlane::fastlane::fastlane::fastlane::fastlane::fastlane::fastlane:
- Hakrjak
I was moved to start this thread after having a conversation with some co-workers at the office. It seems like with the economy the way it is, nobody is even thinking of trying to find another JOB if they get laid off. The talk of the day was of everyone starting their own businesses, or really just becoming "Self-Employed" if the whole outhouse burns down and they end up out on the street soon.
So here's the focus / question for you:
You are 30 years old, and you are debt free with $100,000 in your checking account. You find out that you've been laid off from work and need to replace an $80,000 a year income as quickly as possible. How do you do it?
You are 30 years old, and you are debt free with $100,000 in your checking account. You find out that you've been laid off from work and need to replace an $80,000 a year income as quickly as possible. How do you do it?
(Examples: Franchises? Buy a truck & trailer and become a long haul trucker? Purchase a house and become a flipper? Somehow become a Plumber or other skilled tradesman? Buy an existing business? Buy a Taxi and become an owner/operator Taxi driver? Do you parlay your $100k into an apartment complex or a self-storage facility? (How??)) --- Remember that the focus here is to replace your income QUICKLY... So please refrain from businesses that might take over 24 months to begin receiving good income from.
The world is your Oyster... let's hear your ideas!!!!!!!!
:fastlane::fastlane::fastlane::fastlane::fastlane::fastlane::fastlane::fastlane:
- Hakrjak
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