I’m coming into about 250k in a couple months from an inheritance. It’s currently in stocks, bonds, REITs. It doubles roughly 7 years, so I’m told by my financial advisor. I could take it out in cash or leave it there for it to slowly grow.
My situation right now is rough. I’m living in a small apartment, can barely pay rent, my electricity just got shut off a couple days ago, my car note is 4 months behind. I work a dead end job and I’m broke as hell.
I want to use my inheritance to help me out of this rut. Not to spend it all on useless crap but either a home, or a business (PASSIVE preferably). I don’t have many business skill sets or anything like that. If I could make money online that would also be great. Not sure where to go
How do I begin with my little experience? It takes money to make money right? And I have that shortly so… what would you do?
if it ACTUALLY doubles every 7 years you have a amazing financial advisor!!! id ask for proof that it has done that in the past and take out as little as possible to get yourself on your feet.
i went to a 9 month trade school for 18k. i made 91k my 2nd year and took two months off during that 2nd year. if you don’t know what you wanna do the trade’s definitely need people. i did welding but if i could go back im time i woulda went into plumbing. good luck!