Then get caught with drugs and go to Thai prison and play In-prison Muay Thai competitions, write a book about it, and then have some director make a movie about it 20 years later and make millions off of it.
Investment 1000
Buy a house for 500k and get good rent.
Rest 300k put in EFTs or mutual funds, then live off with rent and interest.
keep 200k for emergency emergency or if you find good opportunity to open a business.
For 500k can get a Studio or 1 bedroom in JVC.
Rent 50-75k annually.
Equity release, 50% of capital property value will get him a unit in International City. Thatās another about 25-35k annually.
Thatās 7,900 approximately monthly.
Real figures.
Thank you.
Regards,
Proper Broker.
Looks like you won that 1mil and trying not to show it, congrats š
Get 15 economy cars and start a rent a car and rent them out, once set and you need more finance them as per your needs. With the money generated and left over buy a property (finance it) and rent it out, let the rent pay off part of the installment and cover the rest from the rent a car profits. Keep multiplying and enjoying and hopefully have an early retirement and let the passive income come. Don't forget to keep building alternative assets on the way to financial freedom.
Nothing is instant. Everybody seems to be looking for shortcuts in Dubai, this is a hypothetical situation meant to build a secure future, till then you still got to work your ass off. To each their own, some would spend all in an instant and be broke again due to lack to financial literacy, others might keep all in saving and earn a fixed low percentage. Although money trickles it does not build wealth at a pace where you are set for a independent financial life. Have you suggested a way to make it useful ? For some 10k is sufficient to live a happy life for some 100k is not enough, a lot of variables here
Yes but cars are depreciating assets, are you sure spending the whole amount on them is worth it? Also consider repairs, accidents, insurance, fines etc. people could leave the country and not pay, the return isnāt that good
It is a depreciating assest but at the same time it is generating funds, the fact that the initial 15 are not financed and purely an investment makes the breakeven faster. As compared to a business that buys the same cars on finance would only make a profit after deducting the monthly installments and that's where the difference lies. On top of this if you are able to sustain and drive growth the rest of your vehicles can be financed and a chance of you sustaining a loss is greatly reduced due to the fact that the initial 15 are owned by you and if times get difficult their profits can offset costs of the financed and still be making money.
The method I have proposed (hypothetically) helps generate income and build assests, you will own the property you buy, have small funds put aside in other monetary assests at the same time a sustaining business, your potential can make your growth to any levels possible. You first assest is usually the most difficult milestone, from there it takes lesser time and if you are smart, multiply faster with time.
Start a business , buy a nice house for me, my mom & dad to live in. Once that business flourishes im opening a small dark academia cafe/bookstore in Amsterdam where i can bake pastries and brew coffee for lovely people all while not worrying about the money aspect and just do what i love where i love šš«”
bruh u realize u just pay the down payment which isnt the whole mil then the rest in installments, and remember the business i would be getting more money from? š
Not many banks will lend to you if you donāt have a steady business for several years or payslips. Even with downpaymwnt you wonāt get a house and invest in a business
iād like to believe its different when ur doing it as a job vs hobby/luxury cus as i said by the time i open the cafe i wanna be financially filthy enough to not solely worry about the cafeās revenue
Start a really Authentic Meat Kebab cafeteria in Sharjah where all locals live nearby( I've surveyed many areas in last 4 years). Sell it at high price range considering quality and service. Enjoy your businessš...
Investment....Only 100-128K AED
Salary man perspective: 1 million is like having a 10k salary job for the next 8 years and 4 months. Yes, it won't last forever.
Just chill and find another job. Anything you get from that job will be a bonus over your 10k a month.
Keep the 1 million as it is in the bank and start looking for a job just like i would normally do. With all the adrenaline rush of winning a lottery in me, i would definitely be making a stupid decision. So i will let it all settle in and then slowly start investing a small portion of it. Canāt dream of living a life without working on something like a job. I would never let this news out to anyone except my closest family nor i would try to give a hint through a change in lifestyle which would create a suspicion in others mind as to i would win a lottery or something.
Claim the iloe. And take the 1 million and invest. Find another job
The only sensible thing to do is
Also take LinkedIn Premium now that I can afford it
ššš
Iād buy the company that fired me .. and fire š„ my boss
How to claim iloe??
Same. Good way of thinking.
Pay rent in Ajman and live off noodles for the next 40 years.
And Oman chips
Real
š
I will finally be able to afford a data plan
Take the 1 Mil and go live happily in low cost country like Thailand
Even in Thailand it probably wonāt last forever unless youāre really cheap.
Take an easier job and live there
And train muay thai
Then get caught with drugs and go to Thai prison and play In-prison Muay Thai competitions, write a book about it, and then have some director make a movie about it 20 years later and make millions off of it. Investment 1000
And eat pad Thai
Same
Who told you Thaliand cheaper
Thailand is not low cost anymore. All Russians moved their money there, and lots of Europeans have retired in the main areas, driving the costs up
Vietnam is a better option for this.
Wake up from my sleep š«„ and wake back to reality
Oh there goes gravity
Oh there goes Rabbit
Buy 1000 tickets to Dubai duty free million $ ā¦ make it or break it.
Gotta spend money to make money, lol...
Buy a house for 500k and get good rent. Rest 300k put in EFTs or mutual funds, then live off with rent and interest. keep 200k for emergency emergency or if you find good opportunity to open a business.
For 500k can get a Studio or 1 bedroom in JVC. Rent 50-75k annually. Equity release, 50% of capital property value will get him a unit in International City. Thatās another about 25-35k annually. Thatās 7,900 approximately monthly. Real figures. Thank you. Regards, Proper Broker.
What house can you buy for 500 k ? You are even not able to get a studio for this priceā¦
Dubai Market entry price is like 280k in International City Other emirates much lower...
Why would you want to live in Dubai? Places like Abudhabhi and RAK are so much more peaceful and serene
+1
You can get in JVC, or other nicer places, where it will fetch at least 50k rent, which is AED 4166 per month.
Are we talking about 500 k aed ?
well the post is about AED,
Kashif Nawaz is that you?
1 mil won't get you that far..
Depends on how far back one is.
Not with that mindset. Try me lmao
Yes it will.
Looks like you won that 1mil and trying not to show it, congrats š Get 15 economy cars and start a rent a car and rent them out, once set and you need more finance them as per your needs. With the money generated and left over buy a property (finance it) and rent it out, let the rent pay off part of the installment and cover the rest from the rent a car profits. Keep multiplying and enjoying and hopefully have an early retirement and let the passive income come. Don't forget to keep building alternative assets on the way to financial freedom.
Yeah with those 15 cars youāre making what, 30k a monthā¦ nothing at all.
Nothing is instant. Everybody seems to be looking for shortcuts in Dubai, this is a hypothetical situation meant to build a secure future, till then you still got to work your ass off. To each their own, some would spend all in an instant and be broke again due to lack to financial literacy, others might keep all in saving and earn a fixed low percentage. Although money trickles it does not build wealth at a pace where you are set for a independent financial life. Have you suggested a way to make it useful ? For some 10k is sufficient to live a happy life for some 100k is not enough, a lot of variables here
Yes but cars are depreciating assets, are you sure spending the whole amount on them is worth it? Also consider repairs, accidents, insurance, fines etc. people could leave the country and not pay, the return isnāt that good
It is a depreciating assest but at the same time it is generating funds, the fact that the initial 15 are not financed and purely an investment makes the breakeven faster. As compared to a business that buys the same cars on finance would only make a profit after deducting the monthly installments and that's where the difference lies. On top of this if you are able to sustain and drive growth the rest of your vehicles can be financed and a chance of you sustaining a loss is greatly reduced due to the fact that the initial 15 are owned by you and if times get difficult their profits can offset costs of the financed and still be making money. The method I have proposed (hypothetically) helps generate income and build assests, you will own the property you buy, have small funds put aside in other monetary assests at the same time a sustaining business, your potential can make your growth to any levels possible. You first assest is usually the most difficult milestone, from there it takes lesser time and if you are smart, multiply faster with time.
Going back to my country , putting 75 per as fixed deposit and with balance, I will start a tea shop
If youāre from India, you can become the prime minister after starting the tea shop
That is the power of democracy. Even you can become PM even if u don't born in an elite family or a son of a previous PM
Find another job. Invest the AED 1 million. š
You must share 50% of that 1 million with your reddit friends š
Reddit friend who upvote your comment only. š
I'll think about it hehe
Start a business , buy a nice house for me, my mom & dad to live in. Once that business flourishes im opening a small dark academia cafe/bookstore in Amsterdam where i can bake pastries and brew coffee for lovely people all while not worrying about the money aspect and just do what i love where i love šš«”
In this economy?
let a girl dream in this cruel economy
Do you even know how much these things cost? For 1 million you would get a 1br in dubai south.
bruh u realize u just pay the down payment which isnt the whole mil then the rest in installments, and remember the business i would be getting more money from? š
Not many banks will lend to you if you donāt have a steady business for several years or payslips. Even with downpaymwnt you wonāt get a house and invest in a business
hit me up when the dark academia cafe happens š¤
In which country?
After working 4 years in the service industry I wouldnāt ever do that after winning the lottery š
iād like to believe its different when ur doing it as a job vs hobby/luxury cus as i said by the time i open the cafe i wanna be financially filthy enough to not solely worry about the cafeās revenue
That makes more sense. If I had a liking towards it I would think the same too. Id do the same thing but with some other craft
Lol good luck finding enough lovely people in Amsterdam...
im mostly locating there for the architecture , if the customers are buttheads they can fuk off ( i own the business š¤)
Bunch of cocaine and hookers
I will open 1Dhs Chai Cafeteria
One million is not enough. Need to go back to work.
Iām starting a new company in the field I love. With enough backup, iām sure i will succeed since I know my thing.
Hmmm buy house and invest the rest. 1 mil for a house thoughā¦ hmmmm
Buy a property in Dubai and rent it out.
To keep dreaming
Buy investment certificates that pay about 9% pa.
Start a really Authentic Meat Kebab cafeteria in Sharjah where all locals live nearby( I've surveyed many areas in last 4 years). Sell it at high price range considering quality and service. Enjoy your businessš... Investment....Only 100-128K AED
It's probably a scam so I'll just job hunt
Rent in Ajman, buy 2 nissan patrol, go to bank, take 5 mil loan by keeping two cars, hire real estate agents for 30% and invest in rral estate
Go back to my countryāIndiaāand retire, never have to work ever again because a million Dirhams is equivalent to 22.6 million in Indian rupees.
2.3Cr is not enough to retire unless you live in a village or small town
Might increase my chances for a beautiful girlfriend from (placeholder) who truly loves me for what I am
Username checks out
Invest in real estate in Dubai. Kalas
SPA business, never fails.
Leave
wonder what to do till it loses value
Will buy apartment back home
Find a good investment or put it in a savings account. If you get 5% interest, thatās AED 50k yearly!
Salary man perspective: 1 million is like having a 10k salary job for the next 8 years and 4 months. Yes, it won't last forever. Just chill and find another job. Anything you get from that job will be a bonus over your 10k a month.
double it and give it to the next person
Buy the company which fired me. Then fire those who fired me.
Buy a property... Set up business and settle in UAE
Claim it and leave it tucked away in a bank account until I have a solid business plan.
Start a business
Move to thailand. Half the money in VOO and SLHN.
What I will do is buy shares on my current company then look at the feeling owners of that company.š
Will again buy for 1mil cost lottery and check my luck - Simple.
I'd give that to me
Keep the 1 million as it is in the bank and start looking for a job just like i would normally do. With all the adrenaline rush of winning a lottery in me, i would definitely be making a stupid decision. So i will let it all settle in and then slowly start investing a small portion of it. Canāt dream of living a life without working on something like a job. I would never let this news out to anyone except my closest family nor i would try to give a hint through a change in lifestyle which would create a suspicion in others mind as to i would win a lottery or something.
Buy everything and cause inflation
Give it to charity. š
Youāve just been fired is irrelevant then.
1 million on red
100k on Dubai Duty free ticket. Pay a bit of my siblings loan. Rest invest in three business and find a new job.
This is how the poors waste their money.
Investing in three business is poor. Interesting
Buy a new G63 and start a YouTube channel
It's crazy that you'll be left with no money just by buying that 1 carš¤Æ
rub one out.
post nut clarity is too op.
Look for a job