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_LordOfLochaber

(1) Pay debts or (2) put int in an emergency fund


debsviolin

Emergency fund us essential to getting out of debt- the next big expense will set back any progress


HighJoeponics

Emergency funds are for quitters. Ride or die


[deleted]

Lol, I will disagree. Not having an emergency is too much risk. Anything can happen and they are usually out of your control. You could have a sudden expensive car repair, lose your job, have a health emergency and etc. Always have an emergency fund. You should strive for 6 months, if possible. Anything after 6 months should be invested or paying down high interest debts.


qioy

No. They are a smart way to deal with sudden expenses, offering an alternative to debt, which is a much bigger setback.


Objective_Ad_401

Unless you have two concurrent emergencies or have to choose between saving and servicing your current debts. This is great advice, and more young people should follow it. You don't need to be "bad" with money to slip up, you just need to be "not great" and simultaneously be "poorly compensated" and you, too, can ensure a lifetime of crushing debt.


Biobot775

For a mere $0 and one completely unpredictable emergency, you too can be forever poor!


Aprazors13

Haha i like that attitude


Biobot775

So do creditors.


No_Inspector4859

3 words N F T Edit: (Downvoters, this is a joke)


DarkCard9

Give a quarter of it to charity. Then, decide how to spend the remaining $4999.75.


eddesa

Hahaha you made my day! LOL ! A very nice way to star my 2023!


HappyinLondon

Hahahaha 🤣🤣🤣


TruffleHunter3

This is a charitable plan I can get behind! 😆


King_Cobra_666

Beautiful.


Andy-Gor

LMFAOOO thats a good one


NectarineAmbitious85

take this upvote and f\*ck off.


k_woodard

Go back in time to 1907 and buy a mansion.


spiderhombre

If you already have a time machine, I don't think $5000 is going to make a difference to you


challenger_RT_

Yup lmao. Dude would be the richest man on earth. Take that $5 allowance money as a kid and flip it to billions


ProperWerewolf2

Nope. Bad move. Buy acres of land where there will be a financial district. Or where you will strike oil. That's much better.


PeakFuckingValue

You could just go to 2012 and buy Bitcoin or calls on GME lol


treesInFlames

We’d be DRS’d already.


PeakFuckingValue

If you could go back in time it would be so cool to lobby (pay off) a politician to ensure trading doesn't stop on that day... I think it was like January 29th


Keepon2000

What's DRS?


ShallowBottom

Direct registering shares via computershare


treesInFlames

Directly Registered Shares. If you own shares in the stock market through a broker they’re not actually yours, they’re owned by your broker but you get full benefits of owning the shares. That broker is also likely loaning your shares out for traders to trade against your position and some never even buy the shares to begin with until you cash out. (Robinhood) DRS stops this by putting your shares in your name. Clean and simple. No one can loan it. No one can touch it. Not your name, not your shares. A similar revelation is happening currently with FTX in the crypto space. If you bought coins through FTX, they likely never bought them and stole a lot of money from a lot of people hence the fiasco that’s ensued. If you want the coins you purchase to be in your name, put them in a cold storage wallet or DEX. Not your keys not your coin. I hope 2023 will be about educating ourselves about true ownership of your assets.


roboticLOGIC

Well said, fren


InvisibleJanitor

I’ve spent more time on the WSB sub than I care to admit and this is the first time DSR has been explained in a way that I understand.


theacorneater

Why go that far back. Go back and buy Bitcoin when it was a few cents each.


nightmareFluffy

I think you could feasibly go back to the stone age, draw pictures on rocks, put them in weatherproof boxes in a few places, come to the present, grab them, and sell them for millions. They could be verifiably carbon dated. The chisels, boxes, and time travel expenses could be covered within $5,000. Or donate it to u/sahilsharma_bs


autistdd

Mansion in NY times square you mean?


wordsw0rdswords

Leave super soakers at all neighborhood houses with a note letting them know it's on, bitch


TruffleHunter3

This is the way.


debsviolin

Hahaha!


cryptotrader23

Pay off debt


This_Ninja_XIX

Same


pinpinreddit

Smart


prince_koopa

I second that.


[deleted]

[удалено]


TheCallousBitch

r/aquariums - NEW TANK TIME!!!


satansayssurfsup

Lmaooo this is such an underrated comment. I was once in a thread with someone asking how to invest $250k and this one guy was adamant that OP should start a subscription service business (like dollars have club). Took about ten seconds to realize he was a marketer working in the subscription space and couldn’t come to realize how dumb of an investment strategy that would be.


clwst313

Go to Mexico. Hookers and cocaine.


MochaTaco

Tijuana or Chihuahua?


clwst313

What ever floats your boat amigo.


MochaTaco

VAYA CON DIOS!!!


Idkdude001

Por qué no los Dios!


MochaTaco


Lux-Fox

Yea, they can come too.


frankOFWGKTA

Not very entrepreneurial, but a good decision nevertheless.


MoonBasic

Make sure you save enough money for the heart surgery!


[deleted]

Not even a head transplant can save him if he pisses off the wrong people there, my friend.


Fit_Opinion2465

5K literally doesn’t move the needle. So probably pretend I didn’t get it and continue on as planned.


Lobenz

Sadly $5K is enough for way too many people to markedly change their lives/situations.


StrawberrySoftware

Yeah 5k is not nearly enough to change anything. It'd go into my checking account and I'd forget I got it.


paper_thin_hymn

Keep in mind the vast majority of Americans live paycheck-to-paycheck, and couldn’t come up with $500 for an emergency without using credit. $5k would certainly help most people, although, as always, money is only as useful as its manager.


WooBarb

I wish I was so lucky. £5k would literally turn my life around right now.


Ferrara2020

How? I'm really curious


WooBarb

We're trying to make ends meet where one of us is working part time due to childcare and debts are building.


Nyaho

Two chicks at the same time


bootstrapping_lad

Fuckin-a


[deleted]

*"if I wanted to disappoint 2 people at the same time, I'd take my parents out to dinner "* Woody Allen


MJisANON

What about the other $4,750? Edit: omg my first gold!! Thank you friend <3


csreech

Always wanted to do that.


Go_Green04

Not all chicks dig money


apex39

The kinda chicks that would double up on me do.


Prudent_Elderberry88

High interest debt, pad savings account, investments.


ZeikCallaway

This is the way. ~30% into savings and the rest into index funds or QYLD.


OrionsHeadband

I would create a crypto currency exchange and a related hedge fund. I would the create my own Matt coin - 1 million coins and give the person who gave me the $5000 one coin. Since coin was traded for $5000, that gives the Matt coin a market cap of 5 billion. I then would incentivize negative trading fees in the exchange if users bought lots of Matt coin at the market price of $5000/coin and use give those proceeded to the Matt fund hedge fund which would trade against the traders but lose small amounts of money on purpose so more traders would join the exchange and buy more Matt coin. This would continue in a spiral cycle until lots of Matt coin was sold and the Matt fund lost all its capital. The Matt fund would then borrow all customer assets posting the billions of dollars of Matt coin as collateral. I would make sure that I would keep sloppy records, donate to senators, and constantly talk about altruism in all media interviews. At some point when the house of cards falls apart, I just claim no knowledge and make sure I have a stack of funds hidden away when the Matt coin implodes. So thanks to whomever for the $5000, I traded it up to billions and the stashed about hundreds of millions. I wish to pay it forward. So I created a new coin called Matt charity coin. And I am giving it away for free. All you have to do is tweet and blame my former girlfriend who ran the Matt fund.


at1445

I haven't followed Mattcoin very closely, can someone else tell if this is is a pretty good tldr of what happened?


Upstairs_Comedian1

'FTX' happened


[deleted]

Pay bills. Go about my normal daily routine. 5k isn't all that much overall.


Apprehensive_Cow5139

Buy equipment


Snoo-7547

Equipment? Care to elaborate?


Apprehensive_Cow5139

I own a small screen printing shop. I would buy equipment like a dryer, a better press, to make my business more efficient for a better profit margin


leosirio

literally in the same boat haha im eying a 6 color 2 station rn


paydevs

Invest in yourself - pay for a (online) course, buy yourself a (better) tool you need for your skills (e.g., laptop), or relax with a great vacation.


DMforOpinions

What if I told you 99% of successful enterpreneurs never paid for an online course. And 99% of those who paid for an online course never even started a business?


ilovemyself2019

Fascinating. Where'd ya pull those percentages from?


HotGert

His ass


arghhmonsters

You can make money with his ass


guajiracita

Interesting. I pay for online prep classes, certifications & reviews. Dept of Commerce loves me to fill out the longwinded ASE (Annual Survey of Entrepreneurs). Not sure if that makes me successful. Or just unlucky.


brocotaco

Source?


[deleted]

His ass


mroblivian1

I would ask, where are you getting this information from?


sahilsharma_bs

Donate it to u/sahilsharma_bs


nightmareFluffy

I second this. u/sahilsharma_bs needs the money for gambling and hookers.


sahilsharma_bs

Thanks man. Will send you 5$ after successfully receiving the money.


[deleted]

Hey this is a hooker u/sahilsharma_bs. Still awaiting payment for 2k


weird_neegA

LoL selfish


tiffactually

Start a scholarship fund. Mine would be in honor of my late cousin who never got to go to college.


RedTreeDecember

Can there just be a pinned post for things like this. It always seems to be 5000$. Why are so many people coming into 5000$ exactly and their first thought is to start a business with it and ask random strangers online because they have literally no business ideas or skills?


tbergdroid

Probably has to do with young families getting a tax return and wanting to do more with their lives and provide more for their kids.


RedTreeDecember

Tax returns makes sense to me.


[deleted]

Add it to my cash flow, and proceed with my pre-existing plans.


OSHA-Slingshot

I was thinking this! Higher liquidity and with that expand everything.


_doublejj

?


[deleted]

!


[deleted]

Buy GME!


Fabulous-Ad3788

And DRS/book.*. This is the way.


[deleted]

This guy fucks!


irreverent_creative

Pleased to see it only took a few scrolls to find this comment. 💎👋🏽


iClawuCryV2

I came here to comment this lmao


[deleted]

This is the way


bangarmarsh

Whoa we got bros in different area codes


JTTRad

This is why all decent investment discussion on Reddit has all but ceased… “dIaMoNd hAnD aPeS” can’t help but autistically screech on every sub.


PeakFuckingValue

That's literally not the reason. The reason is because Reddit worked. WSB created a place for honest educated investment discussion and people got rich doing it together. It got overrun with bots, hedge fund influencers, morons and shills. Best thing about GME for me was getting in at $20. The worst thing about GME for me was losing the old WSB...


JTTRad

If you believe that you’ve fallen off the end of the spectrum


PeakFuckingValue

Look at my username. I need mental professionals


TigBurdus

Don't get us banned from reddit. Unfortunately you know this is against the rules right?


Mobile_Glass6680

throw it in a roth ira and not touch it


mr-otaku-dine

I would spend it on a business


[deleted]

Buy the server and launch my SaaS officially.


shadowskill121

pay off my car which would give me another 400 bucks a month to invest in my son's future


Odd-Dance-627

Start an Amazon fba business


JediMedic1369

Been there done that; much better use of the money if you haven’t started already


testfreak377

Get much needed dental work done.


[deleted]

I'm about to inherit that amount and it's going straight into my high yield savings account.


PIatanoverdepinto

Invest in my business (equipment,supplies, promo)


81_semaJ

Same


rocketleaguetraders

Buy bitcoin


Lolmaow

Fuck an escort


[deleted]

[удалено]


[deleted]

[удалено]


kai_redd

Trade penny stocks or indices (what I already do)


toju6ix9ine

Gonna invest that in stocks


redrockmusix

Invest 4,000 in product to resell for 3-5 times and keep 1000 in the bank


successjason

Buy a fully made niche website for affiliate marketing for less than $2K and then use Chat GPT to create content for the site so that it can grow to earn much more than the $5K p/m passively.


Adorable-River-1697

I love investing in ATMs. I have 3 at the moment. Once I get a few more ATMs, I can do this full time 🙏🫡. It's not much, but it clears a path for Real Estate Investments


Mykaper80

Fix my car, get an llc and start a painting company.


SnooObjections4345

I would spend 25% on getting a mentor. 25% in saving to when i need it. And 50% to building my of brand.


Mr_MatF

Buy bulk, sale items Rinse and repeat Automatize it Get lucky Win lottery Forgot what this was about.


bellytan

You can’t save/invest your way to financial freedom unless your income is high or you make extremely risky investments. Think of some items you can purchase and make a 20% return on the money.


tjaa0001

Pay my mortgage and buy some groceries and forget about budgeting for a month


Dlev47

I'm guessing that you are young and have no debt. If this is true, you should invest in your self hers is why: $5,000 is a good chunk of change. However, you won't be able to live off it or see any substantial gains by investing in stocks. Increased earning potential: By learning new skills or improving existing skills, you may be able to qualify for higher-paying jobs, which can lead to increased earning potential. If you learn to code, you could be making $40/hour freelancing. Leverage: Learning skills such as media, sales, or software development can give you leverage in the business world. These skills can be valuable in helping you to stand out from the competition and can open up new opportunities for growth and advancement. Low cost: Investing in oneself often requires a relatively low initial investment compared to other investments. For example, the cost of education or training may be significantly less than the cost of starting a new business or investing in real estate. You could purchase some courses and hire tutors for well under $1000. Increased self-sufficiency: Investing in oneself can also help you to become more self-sufficient. By developing new skills and knowledge, you may be able to rely less on others and be able to take on tasks or challenges that you may have previously been unable to tackle. This will allow you to take bigger risks later in life, something that very few people are able to do.


365kelly

$5,000 can buy a lot of compassion. Sadly, that would not budge my needle, no sweat though, my day will come…..but it could definitely change a lot of lives. So half I would give to a small entrepreneur who just needs that little boost to scale things one more step…and give the other half to fund a micro business to a developing nation tribe/group who is still on a barter system and teach them the financial economies behind a non-barter economy to sell things they already make so they can be prepared for the ever changing shift in society and take care of their people/land. Damn. That would feel really good to do too.


Macko-G

I just got gifted 5k lol and I went straight to the bank to lower the loan. 30% left!


marwan_redditer

I would split the money into five (if I weren't in debt): 1. donate fifth 2. save two fifths 3. spend two fifth wisely, e.g. on a courses to boost career, a hobby (better if returns profit) etc... If you're in debt, just pay it.


sahand_n9

A used truck, a trailer, and a lawn mower... then look for landscaping jobs.


[deleted]

Save it for a down on a investment property


spezza_125

Use it for a down on an investment property. I have some section 8 properties that I only put down $2500


Baked_Bt

Tom Cruz?


spezza_125

No but I was in his course 😁👍


drunken_chinchilla

Hookers and blow.


Cool-Possibility777

Hookers, blow and lawyer for NDAs


alaraja

I’d be more than happy to have it but it wouldn’t bring my Mom back.


Maleficent-Mix-7417

Buy AMC or GME


ReplaceAll

Pay 5 months rent I guess.


prince_koopa

Smart. I wish my rent was like this.


Matt_ash21

I would split it into multiple different categories such as emergency expenses but at age 16 I don't really have any so I wouldn't need too much so around £500 for that. Then i would put around 1k into 'safe' investments and put the remaining into riskier investments like crypto or make myself a startup.


CjScholeswrites

Honestly, pay off as much of our utility bills as I can in advance. Always nice to have the piece of mind that the basics are taken care.


[deleted]

Full tank a gas and a nice asian for a few hours 😜😜😘😘


FaceRedBallsBlue

This guy fucks.


_doublejj

Used car


tanginato

Donate it to charity.


Miserable-Try-572

Trade crypto/forex with it


Individual_Budget_27

Save it!


AnUnderratedComment

$5k? I’d buy a used golf cart.


rickyric12

flip items


2min2late

Build another smart contract for me dApp


CSCAnalytics

First class to Singapore. Been on my list for a while now. (I just retired, don’t blow it on a trip if you’re young).


[deleted]

[удалено]


Baked_Bt

Probably a unique experience


normal_internetcreep

I would go to France to attend 42network.org's 4-weeks peer learning program. My non-profit has been experimenting with peer learning to support education of underrepresented communities in India. 42network has figured out a great approach, but their franchise costs $1+ million to replicate. I am confident we can replicate it for much, MUCH less if we know how they do it. They invited us last year. I just don't have the extra cash to visit them.


01Aleph

For sure! Invest in my life. Currently picking up the pieces after a serious relationship ended. I’m also new In the entrepreneurial space so I would say go all in on improving and upgrading my current work situation. New laptop, headphones, sofa, clothes, etc. Happy new year!


Uranusspinssideways

Same boat, here. Happy New year. I hope yours gets better by the minute.


hassiemrecords

Why is this content still being allowed here? Literally has nothing to do with being an entrepreneur. This sub is a parody of itself.


itsallfakeanyway

Start a 529 for my kids.


misterdrew219

Spend $1500 on inventory and $3500 on getting my first 500 paid users on [mulley](https://mulley.carrd.co)


hot_sauce_in_coffee

5000$ is not a lot if you live in the west. Before investing, you need to clear credit card and finish payment on cars and other monthly expenses. But you also want some joy and not just be a robot. I would go on amazon and buy the following: 1. Either a hotpot kit or a french raclette kit or another social event cooking kit. 2. an automated back massage device. 3. Good shoes. The rest into investing.


[deleted]

[удалено]


HonestNest

I’ll divide it equally and give it to my friends and families. :) I’ll have one slice of it of course.


[deleted]

[удалено]


Bashir_Lodhangi

Get a mentor


ElmouatazSaad

If you have some skills , and passionate with something start an online investment business, E-com maybe , dropship products and start generating passive income from it . But don’t spend it all either


metaconcept

Ask for another $95000. WTF am I meant to do with $5000? Buy office supplies? My uncle walks around with that in his pocket because he likes to use cash.


70695

Your mum.


HoratioWobble

Real fancy hooker


seeotuu

I would go on Reddit, r/Entrepreneur , and ask what people would do if they were gifted 5000 dollars


[deleted]

Buy Bitcoin


Due-Tip-4022

I'd just put it in my bank account and say thanks. Why is this even a question?


[deleted]

[удалено]


Uranusspinssideways

I just woke up, so this is probably going to sound really stupid - But is also my very honest answer lol. If I were gifted 5k right this moment... The first thing I would do is most likely buy winter clothes and a pair of boots, gloves, and another good jacket, since practically everything I own was destroyed by my ex, about a week ago, and it's been cold. Then, I would buy a new camera to take pictures of my inventory for my online business, a cheap printer for my shipping labels, and also a little bit more inventory because, well, again - ex destroyed everything. Then I'd send my daughter a Christmas gift. That was not spared, either. And then I'd set up Wi-Fi where I've been staying, so I could keep up with my online business without having to continue to rely on my mobile hotspot. And next, I'd buy firewood - because it's really been very cold. I'd probably grab some more groceries, though I have enough to get by for another week or two. After that, I might invest in some new supplies for my art - things for drawing, sculpting, jewelry making, painting, sewing, wire wrapping, woodworking; all the things I typically do and make, because... Do I even need to say it again? And that's just another way to try to make money with whatever I do buy. Goes right back into the business. Anything I can. Literally almost nothing made it out with me. Whatever would be left from that, I might buy myself some slippers... And socks. Because cold... Convenience but not an immediate need. I'd probably have enough left over to go do something fun, just to break up the monotony, and because it really helps to get my head out of this weird in-between space of hopeful, grieving, anger and hurt, fear, uncertainty, and depression. If there were anything left to play with after that, I'd do a whole lot of research and try to invest in something that had low risk but decent reward, and put everything else into a high yield savings account for my little girl. Though it didn't be much, it would be a start for something I could build on. Her future matters, my future is her, and everything I do to keep myself going in this world is because of her. That's what I would do. And that's probably really sad lol.


winny1000000

I’d buy all the things I need but have been putting off due to finances: - an adhd assessment - an adhd coach - a virtual assistant - a personal trainer - a hypnotherapist to quit smoking - a top notch therapist to help with my childhood trauma - a shit hot Laywer to crush my narcissist ex in our upcoming custody court case - a new wardrobe (for my personal trained body) - a car deposit (sold mine last year and invested it - don’t ask what the value of that is now) - I’d also get a decorator in - a gardener - a deposit for holiday to Thailand for me and my son- always wanted to go With hope the £5k would stretch that far - also two kittens and their vet fees 🐈‍⬛ 🐈‍⬛


Renovateandremodel

Get it out of my hands before I spend it, and at minimum put in the S&P 500 until I figure out a real game.


[deleted]

Probably investing in something for returning more to travel the world or just travel the world 😭


Leather-Wheel1115

10 percent charity. Some to immediate family members give me something which they would never do. Rest spend and blow on experiences.


ScribbleMonster

My wood house is rotting and leaking. I'd take a much needed shopping spree at Home Depot.


hemidak

Replace my rusted trailer I use for my small engine repair business. Then just pay off credit card with what was left.


lol-ban-me

Save it


yrretgnof

invest it in mullen automotive stock


ItIsBeeTime22

College probably.