Dont open liquor you need a lot more money then that. It will be gone before you know it. Build out, liquor license, state license, city license, health permit, building permit, fire permit stock ,insurance (business general liability, liquor liability, worker's comp, unemployment insurance) taxes to state, tax to government, mc for workers, ss for workers. These.are.just to name a few im sure.there are other things . I know I own a bar and I have to pay.all.these plus some. Needless to say, I.spent all my cookies and now iv decided to do.what iv always wanted Drive, as far as pay for me heck I make about $100 a month now.
I inherited over 100 grand...what would you do
Discussion in 'Ask An Owner Operator' started by Luke628, Aug 20, 2013.
Page 10 of 12
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look around on copart.com they often have rigs that are run and drive certified, and need little if any work. at times i have seen rigs that are exceptionally cared for, and look brand new. because its an auction based system, you can score a nice rig for just a few grand.
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Save it and keep working for that tank company you can thank me after you retire. $130K in this business with the wrong truck and/or wrong business plan wont last you 6 months and it not gonna get any better with the government coming up with new ways every 6 months to get more money out of the pocket of trucking companies and O/O
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Hello,
I would certainly speak with a financial planner. Depending how old you are and what your goals are, but if you no longer have any debt you could possibly think of retiring earlier. 1st thing I would meet with a planner to explore all your options. -
Financial planners are there to help you not lose your money.
They will very seldom (almost never) help you make real money.
If you were the type to make real money you would have already had a few ideas before you landed with this seed capital in your lap.
My suggestion would be to buy some rental property as some have said before.
As for your trip to the Smokeys and Shenandoah enjoy.
Did those with my family last year and really enjoyed it , breathtakingly beautiful. -
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"college is a scam",,,,"school is a not a good idea",,,,now I've heard everything,,,,,
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When you are making $8000 a month you afford to pay a $600 a month school loan. Agreed colleges are over priced but one can still benefit from an education almost immediately after graduation. Grant it there are some that get useless degrees but the majority succeeds.
G/MAN Thanks this. -
CondoCruiser and G/MAN Thank this.
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