a way to invest my money – genuine?
hi, iv came into just over £85,000 inheratince and i need some way to invest some of it
iv not really got any qualifications or business experiance but i am willing to try my ass off
i have 2 kids under 2 and i am currently in a dead end job – i was thinking about property but every one says the bubbles going to burst and i picked up the paper this week to see that the shares market has lost over 400 points (or something like that) causing house prices to fall
i would really like to run my own company and went to a franchise senimar but i dont want to give that much of my money out – how often do you get a chance like this?
im ok with my hands so does anyone know what type of business to open or a better way to invest it?
i was also thiking about a window cleaning round or mobile valet van (saw a fully kitted out van for £7000) anyone tried these and if so does it make you money?
thanks all who answer
Well first put the money in the bank in a high yield savings account for the time being. That will allow you to get about 5% on your money in the short time.
Regarding the business, be aware that about 90% of all small businesses fail during the first year. You have more than enough to start a small business so I would suggest that you spend a great deal of time investigating all the pros and cons of being your own boss and owning a small business because there are both.
Don’t just dive into something that you think is a good idea or someone else thinks, do your research and take your time, even if it means another year in your job.
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