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250k On Hand, Now What?

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yadder.mejia@gma

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Sep 8, 2021
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I'm wondering what you guys would do in my situation. I have 250k on hand. A house note... and that's it. Everything is paid off. How would you guys invest this money? I'm thinking of using this cash to establish a business, or businesses in the city of Houston but there are so many ideas (some bad) I'm not sure which rout to take. I receive a military retirement and all bills are paid for. Rentals? Franchise? Finish paying the house off and start from ground 0? I'm sure there are better options than this.
 

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Runum

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Congratulations, you seem to be in a great position. There so many unanswered questions.

Age, married, kids, other obligations, aging parents....? How deeply are you interested in toys, lifestyle?

Those businesses and investments are tools. What do you want your money to do for you?

Not slamming you, just pointing out it seems odd to me that you have done great to this point and now are asking complete strangers to point you in the next direction.

I do wish you well.
 
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ZCP

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Buy a business, buy an investment, use a % to educate yourself to answer this question.
 

Kokaka

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I'm wondering what you guys would do in my situation. I have 250k on hand. A house note... and that's it. Everything is paid off. How would you guys invest this money? I'm thinking of using this cash to establish a business, or businesses in the city of Houston but there are so many ideas (some bad) I'm not sure which rout to take. I receive a military retirement and all bills are paid for. Rentals? Franchise? Finish paying the house off and start from ground 0? I'm sure there are better options than this.
I would start or buy a business that incorporate your military training because you know so much normal people dont. (Im also an ex military of 7 years). Be it to sell gear to military or outdoor personal, a security firm, a leadership consultant firm etc. Try to see what you are good at and passionate about, see if there is a demand for it and do it.
Maybe write a list of ideas and investigate them and then pick the best one.
I would not pay off the house with this money because the return of investment on that is just so low.
 

Ing

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I d build a business. If I had no idea about it, I d inform myself about Cryptos. Without.investing for the first half year.
 

PapaGang

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I'm wondering what you guys would do in my situation. I have 250k on hand. A house note... and that's it. Everything is paid off. How would you guys invest this money? I'm thinking of using this cash to establish a business, or businesses in the city of Houston but there are so many ideas (some bad) I'm not sure which rout to take. I receive a military retirement and all bills are paid for. Rentals? Franchise? Finish paying the house off and start from ground 0? I'm sure there are better options than this.
I am in the same situation. And I have been for almost a year.
TAKE YOUR TIME.

I went down a few paths so far, invested just enough to see whether or not my ideas would work. So far I have not pulled the trigger because I haven't found the right opportunity. Give yourself some time. Think logically, use MJ's weighted average decision matrix, use CENTS, and also gather up some data about your life situation, how much you need, what your skills are (like a personal balance sheet), and where you are most likely to succeed in business. Also, find the need. Fill the need, and you win.

I don't know anything about you or your situation, but I can say that my greatest asset so far has been my patience. Wait for the right pitch. But don't wait too long :smuggy:

Places that might help you generate ideas:
Empire Flippers
This post on the forum
Definitely this f-ing guy's post
Pat Flynn
Attend the Fastlane summit if there is a summit early next year.

Best of luck man, I hope you succeed big.
 
Last edited:

yadder.mejia@gma

New Contributor
Sep 8, 2021
4
4
11
Congratulations, you seem to be in a great position. There so many unanswered questions.

Age, married, kids, other obligations, aging parents....? How deeply are you interested in toys, lifestyle?

Those businesses and investments are tools. What do you want your money to do for you?

Not slamming you, just pointing out it seems odd to me that you have done great to this point and now are asking complete strangers to point you in the next direction.

I do wish you well.
Good observation. I'm at this point by working ALOT for the past 13 years and I think now I'm at the point in life where I should take control. I feel god has plans but won't let me get there until the time is right, which is now with no doubt in mind. I see there are a lot of intelligent and experienced investors in this platform and for the first time in my life, I wanted to reach out and ask for opinions so I can think outside of the box. The basic "buy franchise and slave away" option doesn't seem appetizing. I don't have a mentor since I've been a person that has kept to himself with friends far and few. My circle is so small that I can 't build a triangle out of it but it's by choice.

This is the very first forum I've ever joined and the very first question I've ever asked... so fellas, hopefully we can make it a good one.
 

yadder.mejia@gma

New Contributor
Sep 8, 2021
4
4
11
I am in the same situation. And I have been for almost a year.
TAKE YOUR TIME.

I went down a few paths so far, invested just enough to see whether or not my ideas would work. So far I have not pulled the trigger because I haven't found the right opportunity. Give yourself some time. Think logically, use MJ's weighted average decision matrix, use CENTS, and also gather up some data about your life situation, how much you need, what your skills are (like a personal balance sheet), and where you are most likely to succeed in business. Also, find the need. Fill the need, and you win.

I don't know anything about you or your situation, but I can say that my greatest asset so far has been my patience. Wait for the right pitch. But don't wait too long :smuggy:

Places that might help you generate ideas:
Empire Flippers
This post on the forum
Definitely this f-ing guy's post
Pat Flynn
Attend the Fastlane summit if there is a summit early next year.

Best of luck man, I hope you succeed big.
Today I made contact with a franchise firm. Let's see what they have to offer. I don't need much since I was medically retired with the military at 24 and it's enough to cover house note and utilities.

I'm 38 now, married with 2 kids and there college is fully taken care of.
 

yadder.mejia@gma

New Contributor
Sep 8, 2021
4
4
11
I would start or buy a business that incorporate your military training because you know so much normal people dont. (Im also an ex military of 7 years). Be it to sell gear to military or outdoor personal, a security firm, a leadership consultant firm etc. Try to see what you are good at and passionate about, see if there is a demand for it and do it.
Maybe write a list of ideas and investigate them and then pick the best one.
I would not pay off the house with this money because the return of investment on that is just so low.
The house pay off does sound like bad idea, doesn't it? I'm not just a veteran, I've been employed to the subsea oil and gas industry for 13 years and it was good while it lasted. Enough is enough though. Time for me to come back home and enjoy my family as I should be. I've been running non stop since I was 18 years old. 20 years later, I think it's time to hang up the hats and make my money work for me.
 

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Private Witt

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The house pay off does sound like bad idea, doesn't it? I'm not just a veteran, I've been employed to the subsea oil and gas industry for 13 years and it was good while it lasted. Enough is enough though. Time for me to come back home and enjoy my family as I should be. I've been running non stop since I was 18 years old. 20 years later, I think it's time to hang up the hats and make my money work for me.

I was abroad for 8 years and I can tell you coming home was amazing but I loved living abroad and is a big part of my journey.
 

Johnny boy

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Don't get married

The rest entirely depends on your goals. What do you want your life to look like in 5-10 years? You have all options on the table but it's up to you to pick your goals. Without goals you are just going in a directions with no reason.
 

Walter Hay

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PapaGang

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I have often been asked by friends and acquaintances to review a franchise offer that they were considering. The answer has always been "Don't buy a job."
I knew you were going to jump in here.

Just this morning some lady was pitching franchises to me, and I wrote "that's kind of you to think of me, but I want to own the franchise." That's Walter Hay working through me.
 

Walter Hay

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I knew you were going to jump in here.

Just this morning some lady was pitching franchises to me, and I wrote "that's kind of you to think of me, but I want to own the franchise." That's Walter Hay working through me.
It is entirely coincidental, but I have today paid for a Marketplace advert to offer a B2B Business in a Box that is designed to progress to ownership of a large scale USA nationwide B2B franchise.

I don't think it is appropriate for me to add anything to that, except to say keep your eyes open for when the offer goes live.

Walter
 

Seamster

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Well, you're retired. You're the same age as me but after all you've done in the past 20 years you might not want to spend 5-10 years starting a business. This includes a franchise. They're a lot of work. And don't pay off the house. Inflation is eating away your debt on that house anyway. Probably 10% or more this year (I ignore government data because I live in the real world). ALWAYS pay off debt as slowly as possible. I hope to pay off the bulk of mine after I die.

Let me share my father's story (this is you, only you're 20 years younger). When he was mid-50s he quit his appx $70k/year job. He just got fed up with the rat race. He had like $250k in his 401k. Now he's 64 and took the lower Social Security option ($2000/mo; he spends less than this) and still has $150k left of his savings. He's pretty happy with his situation of being retired. He kind of just hangs out all day. End story.

Back to you and me: we're in better positions than my dad). We need to take this money and make it work for us. 10% per year is not what I want. I want to lend out big chunks of people to buy equipment and buildings for their businesses. This would have higher returns. You can do stuff like this online but with no risk and it's super easy (i.e. lower returns). Maybe start there. But what if your neighbor's son wants to buy, say, a used $50k bucket truck for his tree service? Buy it for him. And he pays you back $10k down and monthly payments with interest. Your loan is secured by the truck (or his house). This is something I've always had in my plans but right now my net worth is tied up in properties that are cash-flowing. I'm going to refinace one after I kick out this annoying tenant. That will give me more cash on hand (and some "good" debt in the form of a mortgage on the house). This is my future plan and perhaps something for you to look into now (and then teach me about it!!).
 

Walter Hay

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It is entirely coincidental, but I have today paid for a Marketplace advert to offer a B2B Business in a Box that is designed to progress to ownership of a large scale USA nationwide B2B franchise.

I don't think it is appropriate for me to add anything to that, except to say keep your eyes open for when the offer goes live.

Walter
It is now live. Readers will probably find that the document at the bottom of the post will be more interesting than the post itself.

See

MARKETPLACE B2B BUSINESS in a BOX

Walter
 

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