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Making Money Flipping, Investing, You Name it. Letís discuss other ways of making money!

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  #23  
Old 12-16-2018
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Default Re: Just Got left $780 Grand From Dad

unfortunately not,

black friday sales never have benefited me because on that day.....all the sizes are L, XL, and XXL.........
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  #24  
Old 12-16-2018
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Default Re: Just Got left $780 Grand From Dad

I hate shopping. I bought a big TV last year during black friday and I think that's the only time I've participated.

You should resize your photos.
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Last edited by phaz0rz; 12-16-2018 at 11:02 AM.
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  #25  
Old 12-16-2018
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Default Re: Just Got left $780 Grand From Dad

I wonder if the courthouse would ever allow me to change my name to Dick Burns......lol
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  #26  
Old 12-16-2018
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Default Re: Just Got left $780 Grand From Dad

Dump it all into Bitcoin.

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  #27  
Old 12-16-2018
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Default Re: Just Got left $780 Grand From Dad

Buy a warehouse. Fill it up and hire employees. Or start an advertising campaign and go wholesale. Lucky SOAB!
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  #28  
Old 12-16-2018
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Default Re: Just Got left $780 Grand From Dad

Quote:
Originally Posted by JamesNorth101 View Post
Condolences for your loss. Always hard loosing a grandparent
he could care less hes just trying to flip his money it seems
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  #29  
Old 12-16-2018
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Default Re: Just Got left $780 Grand From Dad

Quote:
Originally Posted by aspkin View Post
Put it in a broad market index fund, compounded yearly at 8% you'll have $1,146,075.90 in the account in 5 years without having to put anything else in the account.

Or 1,683,961.50 in 10 years.
Or 2,474,291.91 in 15 years.
etc

https://www.investor.gov/additional-...est-calculator
That's a good idea.
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  #30  
Old 12-16-2018
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Default Re: Just Got left $780 Grand From Dad

I would speak to a financial consultant. The Subway franchise is not a bad idea. Subway is the largest fast food chain
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  #31  
Old 12-16-2018
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Default Re: Just Got left $780 Grand From Dad

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Originally Posted by bjammin View Post
I would speak to a financial consultant. The Subway franchise is not a bad idea. Subway is the largest fast food chain
Yes the subway by my house is always busy with long lines. Might look into that.

Last edited by eman350; 12-16-2018 at 08:08 PM.
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  #32  
Old 12-16-2018
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Default Re: Just Got left $780 Grand From Dad

Do you REALLY want to work at a subway though? Sure you can be the owner and hire others to follow the subway manual but you still have to be involved. I would check out how profitable these places are before going forward with it. Personally I'd much rather my money grow by itself than work. You could be a hard money lender. I make 10-15% return depending on the loan, plus points. With hard money lending you seriously just receive direct deposits in your bank account without any extra work. I'm starting to do that more these days.
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  #33  
Old 12-16-2018
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Default Re: Just Got left $780 Grand From Dad

Hard money lender is right. @OP, sad to hear about your loss.

Spread out the money with investments and profitable business if you like but business does takes work rather than having residual income...

Last edited by rsot; 12-16-2018 at 09:21 PM.
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  #34  
Old 12-16-2018
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Default Re: Just Got left $780 Grand From Dad

I thought Chick Fil A was where franchising was at these days?lol.
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  #35  
Old 12-17-2018
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Default Re: Just Got left $780 Grand From Dad

Quote:
Originally Posted by rsot View Post
Hard money lender is right. @OP, sad to hear about your loss.

Spread out the money with investments and profitable business if you like but business does takes work rather than having residual income...
This is 100% true.

If you buy a business, expect to put in the work. You are essentially buying a JOB. Don't think just because you are owner (the boss) you can just tell people what to do and the business will more or less run itself. You will need to be involved, and have incentive to keep it going and viable. If not, this venture is likely not for you.

If you want the easy route, then consider sensible investments instead.
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  #36  
Old 12-17-2018
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Default Re: Just Got left $780 Grand From Dad

Quote:
Originally Posted by WasTopRatedThenBanned View Post
I thought Chick Fil A was where franchising was at these days?lol.
If you look into the details of Chick-fil-A franchising, I don't understand why anyone would want to open one, honestly. The "owner" ends up making less than $100k/yr, they never really own their franchise, and they aren't allowed to open more than 1 because the owner has to be fully involved with day-to-day operations.

Terrible franchise to open TBH.

With Subway it's relatively easy and they're the cheapest fast food franchise to start up by far. Subway wants you to own a dozen stores and they don't care if you're involved with your stores as long as you can find competent management to run them for you.
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Last edited by phaz0rz; 12-17-2018 at 08:41 AM.
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  #37  
Old 12-17-2018
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Default Re: Just Got left $780 Grand From Dad

Never heard of Chick-fil-A before! Not sure they have made it to the UK yet

McDonalds franchise is where some real money is if you have the start up capital (at least over here in the UK) and a desirable location.
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  #38  
Old 12-17-2018
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Default Re: Just Got left $780 Grand From Dad

Quote:
Originally Posted by JamesNorth101 View Post
Never heard of Chick-fil-A before! Not sure they have made it to the UK yet

McDonalds franchise is where some real money is if you have the start up capital (at least over here in the UK) and a desirable location.
THey are in USA, owned by a christian family and they close every sunday.
Not as popular as McDonalds though
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  #39  
Old 12-17-2018
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Default Re: Just Got left $780 Grand From Dad

Op's gonna get a lot of PM"s "Have you considered Paypal acccounts as a future investment?"
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  #40  
Old 12-17-2018
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Default Re: Just Got left $780 Grand From Dad

Quote:
Originally Posted by SaiJin View Post
THey are in USA, owned by a christian family and they close every sunday.
Not as popular as McDonalds though
"The average McDonald's restaurant generates $2.6 million in sales annually, making it the fifth-highest-grossing chain in the US by sales per unit behind Chick-fil-A, according to QSR magazine. But to open a single restaurant, the company requires that potential franchisees have liquid assets of at least $500,000. Apr 17, 2018"

Referenced from:

http://www.businessinsider.com/what-...onalds-2014-11
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  #41  
Old 12-17-2018
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Default Re: Just Got left $780 Grand From Dad

Chick-fil-A is structured like a pyramid scheme. Most money is funnelled to the top and the franchise "operator" (not owner) makes a meager salary compared to other franchise owners. Chick-fil-A will help you finance the initial investment so they don't require as much initial capital, but that's because you're never going to own your restaurant or have any freedom to make decisions. Sure there's rules like that with most franchises but it's much worse with them.

Last I checked, at least.

And yeah, they're popular mainly in the "bible belt" in the southeast USA due to the die-hard Christian beliefs of the founders.
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  #42  
Old 12-17-2018
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Default Re: Just Got left $780 Grand From Dad

Quote:
Originally Posted by phaz0rz View Post
Chick-fil-A is structured like a pyramid scheme. Most money is funnelled to the top and the franchise "operator" (not owner) makes a meager salary compared to other franchise owners. Chick-fil-A will help you finance the initial investment so they don't require as much initial capital, but that's because you're never going to own your restaurant or have any freedom to make decisions. Sure there's rules like that with most franchises but it's much worse with them.

Last I checked, at least.

And yeah, they're popular mainly in the "bible belt" in the southeast USA due to the die-hard Christian beliefs of the founders.
Are you a Christian?
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  #43  
Old 12-17-2018
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Default Re: Just Got left $780 Grand From Dad

Quote:
Originally Posted by ivanicon View Post
Are you a Christian?
No I'm not. Religion is outdated IMO.
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  #44  
Old 12-17-2018
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Default Re: Just Got left $780 Grand From Dad

Quote:
Originally Posted by JamesNorth101 View Post
Condolences for your loss. Always hard loosing a grandparent
It was his Stepdad

You misread 780 grand from his dad for grand-dad
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