Here is the scenario.\n\nGot no job, a wife and 3 kids, no debts and 200,000.00 in hand and no assets except a brand new Jetta automobile.  \n\nI'm thinking of renting a place and invest the money into a business.  However, I have absolutely no idea on what to do.  My skills are pretty ordinary, need some ideas, guidance.  \n\nThank you for your insight.
203647
Well the first step to managing your finances is to consider your priorities.  With three children you may be concerned about their education and creating a sense of everyday stability.  If your goal is to maximize the livelihood for your family than renting and investing in a business may not be the best options.\n\nRenting can be throwing away money, whereas home ownership is taking your liquid assets and converting them to a home.  Home ownership is preferable to renting; homes tend to appreciate in value.  Buying a home will provide a safe and stable place to live in for you and your familly while allowing for the potential to earn returns on the appreciation or home value.  I'm not certain where you live, but it may be possible to purchase a home with that money or in the least make a significant down payment.  \n\nI would not recommend starting a business if you lack business experience, the rate of small business failure is high.  If you are determined to start a business and do not have a business degree or a masters in business you may want to invest in your education before going forward.  At the end of your education you just may decide not to start a business after all.\n\nIn reality $200,000 is not a lot of money--don't get me wrong it is a significant sum of money.  It is very easy to squander that kind of money if you neglect your priorities.  So beware unless you budget and make a plan to use that money wisely.
74362
Put the money where it can give you the most value at this particular point in your lives.\n\nConsider this order: Emergency fund (3-6 months of living expenses), high interest rate loans, retirement.\n\nMortgage is a long term debt, if it is comfortable for you at this time, leave it. Car? - does it run? Have you had trouble with it? Do you do the regular maintenance on it? If it works, and has no sign of giving up, then continue using the car - should you need to upgrade, consider recently used.\n\nChildren's college fund? Make sure your retirement is good first, then look after the children. It makes no sense to make sure their college education is great, and then have no where to go come retirement.\n\nInvesting in stocks - this is probably where your retirement money will be going. Stock investing is a 10year activity.\n\nWhat would I do with it? I would use it on whatever is the most important thing to me at the time I had the money. Emergency fund, high interest debt, retirement, family, entertainment, work.\n\nGood luck\n\nI am available - you can contact me directly via my website
150673
First of all, it would take you about the same amount of energy to think about this and come up with the answer yourself, rather than ask someone else to do it for you. Nevertheless, I'll get you started. How about this? How do you understand what it cost you to run your business? How do you decide how to price your product? How much profit will you make next year? How do you decide what to invest in? What should you do with extra cash? Should you lease or buy? Get the point?
65118
depends on how much I won, if I had won the powerball jackpot I would have given huge amounts to charities like St. Jude's, March of Dimes, etc. I would help out my mom get a good house so she doesn't have to pay rent forever, I'd help my dad however I could, as for me first I'd pay off all my debts especially all my student loans and car note, then I would take a nice trip to venice, Paris, Rome. Maybe some other traveling. Open up a business that way I wouldn't have to work for someone else forever. Buy myself a nice home that I could live in for the rest of my life. Then I would put money up in savings bonds, college funds, etc. for my children so that they will be set when they get older. I'd definately do some shopping, but I'd also save a lot of it for living expenses and burial expenses so I am set rest of my life.
188821
It's hard to give you any real investment advice without knowing more about you.  How much disposable income do you have, in other words, how much can you comfortably afford to invest?  Do you rent, live at home, something else?  What's your occupation?  What is your risk tolerance?  Is the job you're in what you plan to do the rest of your life?  And the biggest thing, what do you want the invested monies for.  Long term such as retirement or a shorter term.\n\nIf you were one of my clients, there are a lot of things we would talk about before we would pick an investment.\n\nRight now with your income I would tell you to stay away from anything with any risk such as mutual funds or stocks.  Perhaps savings bonds or a high yield savings account.\nAnother thing to invest in is perhaps furthering your education and moving on to a higher paying job.  Investing in yourself.\n\nPlease consult a financial specialist.  It's better to get professional help.  If you have any questions, feel free to email me here.
513889
Why should somebody, a total stranger, loan you any money? If the situation was reversed would you loan any money to anybody? Think about it.....then find some work and save some money. Good luck!
542910
This is a very good home based business. Please click on http://www.4xmoneytrain.com\n\nYou will see how easy it is to make a substantial income with no experience and no guess work. A revolutionary software allows you to "SET IT AND FORGET IT". \nMake sure you fill out the survey and watch the two short movies.\n\nThis is the most amazing business opportunity I have ever seen. NO PRODUCTS TO SELL!!
186838
You have to look well at the oportunities in your city or area.\n\nFirst of all, everybody begins with a salary.\nThen when you try to make more and more money you can invest in your own money, or try to maintain or socialize friendships between people you can make a home business.\n\nInvesting in Real State is an excellent option and also investing in cars.\n\nMy option is that I like everybody else, know how to make money and try to maintain everything in control.
342654
I'm only 22 and I can see your being wasteful. Should take that money and save it and put it on a down payment for a house. Then when you have that house paid off buy your car. Maybe take that money and start paying student loans off or pay for more schooling...unless you got a free ride.  \n\nDue to the fact you have no real job. I'm guessing you're not going to get many banks to finance you, unless you have a co-signer.  Even if you do get a co-signer you're only 20 and high risk. You'll have to get a loan for 9,000 and all the other taxes that come along...maybe warranty. They'll bring it to about 11,000...you'll be paying about 300-350 a month. But remember you'll pay interest first, and no principle.  Depending on 3 or 5 year loan. Now you have to remember about car insurance.  Since a bank is financing it you'll have to get Full liability coverage. That will hike up your payments to the roof. Hopefully you have been a good driver and have a bunch of discounts. If not, you'll eat up every bit of your monthly wage for this car.  Forget eating, and gas.  You'll probably go back to begging parents for Ramen soup money. Ha ha, sorry man like I said I'm 22, been there 2 years ago. Thankfully I didn't go thru with it.
122801
Do you have a job? You never said if you even have one. If not, get one. If you have a job, get a second job. A lot of people have to do that now days. Also what are you spending your money on? Take a look at how you are spending your money and if you are buying over the amount you make, cut out buying things you do not absolutely have to have. Do not go to one of those payday loan places. They charge really high interests and you usually end up worse off. Some places charge like 100% to 300%. If you borrowed $100, and they charged only the 100% you would owe them $200 when you try to pay it off. Those are rip off places. They are on the news reports all the time about how they charge you extreme amounts. They are like loan sharks.
449955
The single largest tip is to never exceed your budget regardless of how good it looks.  If you have a credit card, put it in a drawer for emergency cash.  It isn't even permissable to use for emergency cash.  When buying a car, buy a used car and base the purchase on price, safety, fuel efficiency and repair history of the model.  Rarely pay down a mortgage and refinance the rate down when possible.  Only use fixed rate instruments unless you are certain you are going to move away in a reasonably short period.  Never buy a house as an investment, always buy it as a dwelling.  If you were already rich and understood the dynamics of your real estate market, then consider investing in real estate, but real estate investing in some ways requires greater sophistication than stock investing.\n\nAs one realtor who also invests described to me, if you don't have a hundred units, you don't have enough to be diversified or profitable on a regular basis.  He is right.  Most little landlords don't really make money when opportunity costs are considered.\n\nBe conservative in borrowing money.  You are using someone else's capital and that is good, but be conservative.  Worst case scenarios happen.\n\nIn equity securities, learn to do financial statement analysis and do it well.  Do not invest yourself until you do.  Until then, if you are in the US, go to Edward Jones.  They are expensive but they are good and they will keep you out of mischief.\n\nFinally, 80% of the people who drive cars believe they are better than the average driver.  Of course only 50% can be and there isn't any evidence the 20% who do not think they are, are in fact the best drivers.  The average investor believes he or she is much better at it than they are.  PRESUME you are an inferior investor.  This will help you tremendously, especially if you actually get good.  Do not select investments you like, this is the path to destruction, exclude investments you do not like.  You will find a set you are uncomfortable with but cannot find anything wrong with.  This is probably the best set.  It is rare for an excellent investor to really be comfortable with their investment set.\n\nUse objective criteria based upon fundamentals alone and begin excluding choices.  Include the entire universe of investments including debt instruments.  \n\nFinally, there is a 50% chance of you becoming disabled for at least three years and a 33% chance of dying before 65 so two other tips.  Your most valuable asset is you, so buy disability insurance...very good disability insurance.  You will find not all policies are equal.  Little differences have big consequences in terms.  And, if you plan to marry then buy your life insurance now, it is cheap.  Shop around too.  The difference over long periods of time between the best and worst policies can be 6x the outcome.  If you happen to be Catholic consider the Knights of Columbus, their whole life policies, because they do not pay taxes, come in just slightly below the bond market rates.  In essence they act like very strong bond market mutual funds with super low fees.\n\nFinally, learn to use Excel.
290569
wah wah wah.\n\nget a toyota and a job.
91721
First, I'd pay off my debts.  All of them.  Then I'd pay a few things several months and/or years in advance, because I'd like to avoid being another 20 grand in the hole, if you don't mind.  \nThen I'd buy myself a home and a car, and shoot some cash to my parents for putting up with me & my BS for so many years.\nNext, maybe I'd seek out some of my friends who need some help.....more morally than monetary, and help them do the same things I'd just done for myself.  And set up some college/trust funds for their kids.\nMaybe I could find some good organizations to donate some money & some time....like Habitat for Humanity or something.  Maybe get in the school board's face around here, and tell them I'll do a little something with their budget, but in return they have to step up their curriculum & stop graduating idiots (I heard our schools are like 49th in the nation - HELLO).  Maybe I'd travel the country & speak in schools about my lifestyle & where it got me (I'm a bad, bad girl).\nAnd somewhere in there I'd go do some crazy shopping & spa-type things, with a health club membership b/c I'm fat & lazy & that's gotta go.  And put my own self through college to get a few degrees that might be worth something  :-)
464130
everything is possible if u plan your life properly. if your kids are intelligent & if they can get seats ot their merit, then u an get education loan to educate them . they can repay the loan once they finish their education. u can buy a small flat taking loan from your office or a bank. that is the greatest asset for u. u can save on your rent & the rate of your house also will appreciate . keep a fixed amount for your savings every month ( open a fixed deposit in the bank ) as for buying a car, i feel it is a waste. looking at the price of petrol car should be out for the time being. if u have a scooter that is more than enough. above all these remember we should try to be happy with what we have & try to reach our destination step by step. don't try to jump high. there r chances of falling down. don't try to double your money by fast means. u may lose everything.
324590
Everybody has bills to pay. Successful people never let circumstances control them. That is why you see so many people living mediocre lives because they let circumstances control them. You gotta overcome to become.\n\nAny kind of business will involve risk. If you do not have a huge capital to begin with, my advice is get a regular day job. Start your business on the side. Work hard in your business until the business income surpasses your day job income. Then quit your job and concentrate on building a bigger and better business.
281754
I have two suggestions for great home based businesses. Both companies are new and have excellent products and great income possibilities. One sells a product that increases your car's gas mileage by 7% to 19% guaranteed. Gasoline savings is a very hot topic right now. This one can make you money really fast.\n\nThe other company sells a new and totally unique nutritional supplement that has been proven in human clinical trials to reduce pain and inflammation from arthritis, and lowers blood pressure, and lowers blood sugar and lowers heart rate. Most users report great boost in energy and stamina. This company will likely be around for the rest of your life. Even though the income may start of slower than the one above, the health benefits for you and your family are phenomenal. \n\nTell me which of these products is most interesting to you. I will share full details and show you how to get started with almost no money. I will show you how to earn up to thousands of dollars each month. Write back to Bruce at boatclub@go.com for more info.
629779
First off it would take lots of money do you have that??  Will your product sell from a little boutique.  You need to write up a proposition and get it to a loan officer or someone that is more qualified.  This little place might be two minutes from disaster.  Don't loose lots of money.  I wish you the best.