What is my best move with large start-up capital?

Join www.OOIDA.com which is a business website for the owner-operator.

 

Buy a Rolls-Royce.....thats what i would do with free money lol

 

Yes, with those old fashioned wide white wall tires.

 

Ooooooo billlyyyyy

 

Keep the money in your pocket is what I would do.

 

Just because YOU acquired 250k doesn't mean squat as far as starting a business. Does it make it easier? Heck yeah. Does it mean you will automatically be successful? Heck no. Draw out business plan. Separate your brain into 2 categories. Truck driver and business man. A new business has zero dollars. It needs to get start up capital somewhere. Your personal money could be that money. Are you as a truck driver happy lending out your 250k for 0% return? Why not invest it for maybe 7%? OR if you invest it in this new startup company can you make even greater returns? Can you pay a driver a healthy wage while the company makes truck payments to the lender (you personal) AND still turn a profit? If not you will just be another person who foolishly uses the windfall money and really all you did is make a bad investment where you see a negative return. You may even start a business where you are working twice as hard for half the pay. Now that is a real financial problem and you will eventually learn that you can't get blood from a stone when you eventually run out of money.

Now can you see why I say you need to be able to separate truck driver from business man when considering "buying a truck" ? It is absolutely not a road to riches if you could just own the truck. Most of the time is it the contrary. Can it be lucrative? Yes. Is there a sure fire way to make that happen? Not really. You need to put together a plan that suits your situation best. And nobody is going to lay out their successful plan with contacts and all so or anyone else can swoop in and replicate it. That's why it's successful for them. They have put it together. You will need to do the same.

 

Find something else to invest in. Putting it into a retirement account now would be great. If you are married then buy or pay off the house first.

An old boss of mine came into some money. All said and done, now he has nothing but 10 years of probation, 15 years of child support and nothing to show for the money.

 

That's right; a good retirement plan could turn that $250K into a few million.
Buy some rental property and bank the rent money. Pretty soon you have your $250K back in cash; buy a truck with that rent money if you still want a truck. You can buy several condos or 4-plex rental places with that cash and immediately have returns on your investment. Big bucks coming in every month. A property manager such as a real estate company can manage it for you for a small fee. This way you don't have to deal with the renters yourself.
One driver on here bought a 4-plex and lives in one and rents the other 3; smart move.

 

could buy a used truck outright and put the majority away. no payments on the truck will put a little more in your pocket for _______.