if all you had was 10,000 dollars. *how would you

zuki · 02-17-2005, 11:18 PM

what is the best way to make this into more ?

if you had no more and no other possible future income

just want to hear some suggestions.

this is not a real scenario

just pondering.

02-18-2005, 04:50 AM

No more "cash" or no more anything? With $10,000
cash, some brains, some work and just a little time,
you can still make a fortune in real estate. You can begin at
any time and are limited only by how much you wish to work at it and your imagination. This one is a slam dunk IMHO.

JG

Eagle43 · 02-18-2005, 05:35 AM

Take it to Vegas. Put it all on black on the roulette wheel.

Afterwards get a job.

unclemick · 02-18-2005, 05:44 AM

Put it in Vanguard TSM and forget about it for 30 - 40 yrs.

brewer12345 · 02-18-2005, 08:38 AM

Assuming you are talking about a scenario were the investor has a very high risk tolerance, I would probably use the money to set up a small business.

02-18-2005, 09:28 AM

Good answers! In 1990 I bought a manufacturing company. Along with all of the usual assets, the company also owned the building it was in, three (3)
40s of raw land, two (2) office/retail stores and an apartment. I bought the whole works using -0- cash out of pocket. Four (4) months later I added a product
line that I acquired from a large aerospace company.
Again, I used -0- out of pocket cash.
It's called a leveraged buyout. Not that hard to find if you know where to look. The same principle applies
to buying real estate in general.

JG

zuki · 02-18-2005, 10:28 AM

real estae ?

buy and re selling

or buying and renting out ?

Quote:

No more "cash" or no more anything? *With $10,000
cash, some brains, some work and just a little time,
you can still make a fortune in real estate. *You can begin at
any time and are limited only by how much you wish to work at it and your imagination. *This one is a slam dunk IMHO.

JG

02-18-2005, 11:07 AM

Either, both, all! Bottom line, with 10K, some real estate
knowledge and some guts, it can be done. Frankly,
I know of no single area of investment which
(by using leverage) offers so much upside for so little
investment up front. This is not just theory. Although
I never got rich, the potential was always there.
I ran out of desire and energy at about the same time
the ER bug bit. It gets easier and easier for me to
ignore the opportunities. I suppose they were always there. When I was young I didn't have the knowledge to recognize them. Now that they are easy to spot
I don't want to do the work.

JG

02-17-2005, 11:18 PM	#1
zuki Recycles dryer sheets Join Date: Mar 2004 Posts: 97	*if all you had was 10,000 dollars. how would you** what is the best way to make this into more ? if you had no more and no other possible future income just want to hear some suggestions. this is not a real scenario just pondering.

02-18-2005, 04:50 AM	#2
John Galt Guest Posts: n/a	*Re: if all you had was 10,000 dollars. how would** No more "cash" or no more anything? With $10,000 cash, some brains, some work and just a little time, you can still make a fortune in real estate. You can begin at any time and are limited only by how much you wish to work at it and your imagination. This one is a slam dunk IMHO. JG

02-18-2005, 05:35 AM	#3
Eagle43 Thinks s/he gets paid by the post Join Date: Jan 2005 Posts: 1,653	*Re: if all you had was 10,000 dollars. how would** Take it to Vegas. Put it all on black on the roulette wheel. Afterwards get a job. __________________ Resist much. Obey Little. . . . Ed Abbey Disclaimer: My Posts are for my amusement only.

02-18-2005, 05:44 AM	#4
unclemick Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Jul 2003 Location: north of Kansas City Posts: 5,552	*Re: if all you had was 10,000 dollars. how would** Put it in Vanguard TSM and forget about it for 30 - 40 yrs.

02-18-2005, 08:38 AM	#5
brewer12345 Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Mar 2003 Posts: 9,248	*Re: if all you had was 10,000 dollars. how would** Assuming you are talking about a scenario were the investor has a very high risk tolerance, I would probably use the money to set up a small business. __________________ “When you realize that you are one of the rare few who observe moral principles in their relationships with others, there is a temptation to sink into amorality, not out of conviction or pleasure but simply to avoid further pain, because there is no greater suffering than being an angel in hell, whereas a devil feels at home wherever he goes.” – Martin Page, How I Became Stupid

02-18-2005, 09:28 AM	#6
John Galt Guest Posts: n/a	*Re: if all you had was 10,000 dollars. how would** Good answers! In 1990 I bought a manufacturing company. Along with all of the usual assets, the company also owned the building it was in, three (3) 40s of raw land, two (2) office/retail stores and an apartment. I bought the whole works using -0- cash out of pocket. Four (4) months later I added a product line that I acquired from a large aerospace company. Again, I used -0- out of pocket cash. It's called a leveraged buyout. Not that hard to find if you know where to look. The same principle applies to buying real estate in general. JG

02-18-2005, 11:07 AM	#8
John Galt Guest Posts: n/a	*Re: if all you had was 10,000 dollars. how would** Either, both, all! Bottom line, with 10K, some real estate knowledge and some guts, it can be done. Frankly, I know of no single area of investment which (by using leverage) offers so much upside for so little investment up front. This is not just theory. Although I never got rich, the potential was always there. I ran out of desire and energy at about the same time the ER bug bit. It gets easier and easier for me to ignore the opportunities. I suppose they were always there. When I was young I didn't have the knowledge to recognize them. Now that they are easy to spot I don't want to do the work. JG

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Pedometers and 10,000 steps	Martha	Other topics	33	10-20-2006 03:00 PM
Your tax dollars at work: another customer service story.	Nords	Other topics	11	08-14-2006 03:47 PM
Now watch gasoline prices can you say 4 dollars a gallon	newguy88	FIRE and Money	147	04-25-2006 02:02 PM
MOVED: MAKE TONS OF MONEY USING ONLY 6 DOLLARS	REWahoo	Young Dreamers	0	03-10-2006 03:26 PM
Congress and the Fed Erode Your Dollars	Mountain_Mike	Other topics	5	05-26-2005 11:53 PM