50k will probably get you through a year and a half, a small business at times can take longer to show anything substantial in terms or returns, if you end up having to keep pushing your savings into it, you might end up finding yourself on the streets within months. My advice, live off of the money while you take the time to gain a strategic skill that could land you much better opportunities in the future. Heck, if you live alone and are not a homeowner, move to Phuket or Bali where $50k will give you more time and then work on yourself… A coding skill, marketing skill, Social Media management skill, there are a lot of skills which can land you a great job or help you become your own boss.