Hi All
I'm 28 years old and have $215,000 in a high yield savings account which yields 1.7% right now. I already have an emergency fund as well. Right now I am in the process of looking at a property that would be my primary residence and would like to start a wedding venue business. I'm not sure if that will happen but I am getting quotes and seeing if it would be a wise decision and make financial sense.
I seem to couple up with these small businesses ideas but never seem to go through on the entire process usually because they are too risky or dont yield enough to make it worth it. But maybe this time it will be different. I guess I'm just holding out for a good deal.
Anyways where should I put this money? I would like to have access to this money in case a good deal comes up but it would also be nice to be making more money off of it.
If anyone has any input on where I should put these funds or any input on wedding venues or small businesses, it would be much appreciated!
I'm 28 years old and have $215,000 in a high yield savings account which yields 1.7% right now. I already have an emergency fund as well. Right now I am in the process of looking at a property that would be my primary residence and would like to start a wedding venue business. I'm not sure if that will happen but I am getting quotes and seeing if it would be a wise decision and make financial sense.
I seem to couple up with these small businesses ideas but never seem to go through on the entire process usually because they are too risky or dont yield enough to make it worth it. But maybe this time it will be different. I guess I'm just holding out for a good deal.
Anyways where should I put this money? I would like to have access to this money in case a good deal comes up but it would also be nice to be making more money off of it.
If anyone has any input on where I should put these funds or any input on wedding venues or small businesses, it would be much appreciated!