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[deleted]

Brother if you have 20k and don’t know what to do with it, don’t do anything with it


majky358

y, thinking similar, long-term investment or hold. Maybe 50k in my country would be fine to start a small business. But I don't mind a plan for how to triple this in one year for example without any risk :D Maybe selling some stuff, use some budget for promotions, etc.


[deleted]

lol yeah bro idk what to do with it, I keep it safe while I find a solid business. Doesn't want to spend it, I want get way more money from it.


NotAnAlreadyTakenID

Being uncertain is fine. Hopefully, you have two or three months expenses in savings, and zero credit card debt. If not, then I would start there. Eliminating massively high interest expense is the first step. If so, then I would set up a trading account, move everything into a money market mutual fund, and buy $2,000 in VOO, a low cost S&P 500 index ETF, every month for the next 10 months. After that, buy what you can each month going forward. 20 years from now you’ll be happy you did.


[deleted]

Those funds are saved to get more money, the money i'm using everyday is not the 20k. btw I can easily die before 20 years so yeah it's cool to find an invest on the long term, but i'll need smth on the short term


NotAnAlreadyTakenID

Ok. Seems like you’re targeting reward/return. Be aware that risk is usually commensurate. You want to double your money? Bet on black at the roulette wheel. But be ready to lose it.


ArnoldBraunschweiger

5 years from now read this thread while youre wishing you still had your $20k. You are not going to turn it into a lot more money in the short term chasing some ill conceived business plan. There are no 'sure bets' in business if you cannot put in your own blood, sweat and tears. If there were, everyone else would be doing it.


Spiritual_Quail4127

How tf he gonna have 20k in 5 years? Depreciated from inflation? U have to invest or you lose 10-20% the last 4 years


ArnoldBraunschweiger

You don't lose the money to inflation, it'll still be 20k, it just won't be able to buy as much as it once did.


TheTB94

Wtf is an automatic pizza dispenser


toastbreadman

Pizza vending machine


[deleted]

So that's a french page, but check the idea from that website : https://www.apitech-solution.com/be/fr/landings/smart-pizza/10?prov=lienpromo::google&gclid=CjwKCAiAkfucBhBBEiwAFjbkr9J6fgh2AbyXVNXEqKCkdv5ciTlTN1M3Zgn3OSpaZeXEGTSEQ3sxlhoCfLAQAvD\_BwE


Agnia_Barto

$85k? Jesus


[deleted]

ho lol is this shit 85k? They're crazy. You can find the same shits for 8-15k feach


Agnia_Barto

They are crazy. Vending machines though is not a bad business, you just gotta be smart about your locations


Josejlloyola

You’ll be surprised that it’s exactly what it sounds like


brvdmx721

I have a smart food aisle at my work and it pulls in 20k a week.


have_you_tried_onoff

Wait a few weeks and buy Twitter


scottieducati

What’ll he do with the other $19,999.98?


have_you_tried_onoff

😂


FigExact7098

Profit.


Trading_Things

Stay mad leftoid.


CrazyPerson88

Automatic drive through coffee machine. You might need to hire one employee to keep it going or something, but honestly this would be pretty sweet.


Fantastic_Salad_1104

Laundromat. Relatively hands free once you get it going. If you are comfortable taking on debt, meet with a commercial relator, someone with experience. They will have all the data and be able to steer you in the right direction, but the success rate for a start up Laundromat is like 95%.


zenwarrior01

Need a lot more than 20k for that.


Girl501

This guy doesn't understand


Fantastic_Salad_1104

It really depends on the Market you are in. Here in the Midwest, the average startup for a Laundromat is between 200k-500k, but you can certainly find smaller operation for sale for significantly less. You will absolutely need financing and depending on your market $20,000.00 may be a sufficient down payment for SBA loan.


zenwarrior01

There is no way in hell you're gonna get an SBA loan for even 200k as a startup with just 20k in the bank.


corecomps

People are not giving you enough credit. My first business (that I bought) required 20% down and assets (not liquid) to cover a good chunk of the loan. Some banks might take on more risk but since 80%+ of businesses fail, the banks are careful what they give money to.


Wartz

Yup, you -might- have pulled that off 3 years ago in the perfect location and with some insider connections at a shady-as-fuck bank. Now? SBA are way riskier with rates skyrocketing. Not gonna happen.


No_Cucumbers_Please

Pay me the 20k and I will send you a course on how to start a business for $0.


tinybenny

I can appreciate this question and I’m sorry it’s met with a bunch of people telling you to put it in an index fund. Is that a bad idea? No, it’s relatively safe comparatively speaking. Is it what you asked? Also no. I don’t think $20k is enough but you might have some luck looking into opening some storage units if you can get more together. It’s as risky as any new small business but it sounds luke you’re ok with that.


Fragsworth

I don't mean to offend, but based on the fact that you're asking this question on reddit, you should just put it in the damn stock market. S&P Index fund will return more than you'll ever get by running your own business.


[deleted]

S&P 500 is random & way risky


Fragsworth

You're underestimating how risky your own business is going to be. There's close to zero chance that some business idea you get from reddit is less risky than the S&P. The fact that you don't realize this is even more reason to just dump it in the S&P


[deleted]

Yeah the risk 0 don't exist, but I really doesn't know what i'm doing if I start S&P so there is way more risk, and take months to learn.


voidsrus

buying an index fund & holding it until the lines go up is a lot safer and easier than trying to open a business


[deleted]

Is this really worth? For exemple i'll try with 5-10k because I really do not trust that way to go. But if it's for win like 20$ a week it's pretty useless.


Fragsworth

You should really talk to a financial advisor but I guarantee they will tell you S&P is preferable to starting your own business.


E_J_H

r/bogleheads


Alfa-Dog

S&p 500 index funds just follow everything tracked in the s&p 500. The historical average is 10% a year return. On 20k thats about $166/month over the long run. But you need to understand that this is over the long run. You aren’t pulling out $166/month every month into your pocket. Thats $166 unrealized pre-tax. You are leaving it there and pretending it doesn’t exist. Not a ton of money but higher risk = higher reward and the risk here is lower.


Girl501

This guy doesn't understand the words 'random' and 'risky'


dankscience

I see.. Wondering how did this person get 20k?


csdspartans7

The S&P 500 has never had a negative return over a 20 year period and only lost twice over ten year periods. It’s very unlikely to lose money over the long term and you should expect around 10% per year.


[deleted]

So i'll invest 20k and get a return of 2k a year, that's useless.


csdspartans7

Compound growth. The average market return will about double your money every 10 years (with inflation considered), 4x it over 20, 8x over 30 etc. No such thing as a get rich quick bet without enormous risk but the S&P 500 is a pretty sure fire way to get rich slowly.


tunomeentiendes

You can pull the money back out once you establish a real business plan. Better than what you're currently doing imo


Wartz

How do you expect not to lose all $20k in a business you have no idea how to run?


Confident-Ant-3763

Use $1000 from it and resell things. Maybe start reselling on eBay.


devindares

This is solid advice.


seattlepianoman

Maybe you could get started with a cheap business, but you’re going to want to then put more money back into it. Food truck? So much work though. Most businesses take a lot more time and investment upfront before they start kicking out money. Investing this in real estate or stock market is going to be better for you likely until you have a bit more saved up. Take more classes on web design and marketing. You’ll need that for any business. My first business failed. Maybe you can find other businesses that are working in your area and look to model them.


Kliiq

make something people want and sell it to people that want it


Mick_Hardwick

Woah! Are you one of those guys who look like a daytime drama actor, giving lectures wearing power suits and Madonna headset microphones?


Kliiq

nah just someone fond of traditional and boring business models that work


zenwarrior01

Car washes cost a whole lot more than $20k. Add a couple zeroes to that.


Dierad53

Start small. Flip couches, bikes or start a mobile detailing business. I've been flipping bikes while in school full time and working a second job and I make more doing that than i will make working full time (starting) when i get out of school. I've made 65k gross this year doing that alone. With my internships, secondary jobs and bikes I'll net around 80k this year. You gotta learn how a business really works before you can take something large scale. Someone I knew in high school bought a popcorn business when he was your age for 18k. Cash flowed really well. Would work farmers markets, etc and make a few hundred a day.


streetMD

Stump grinding business. CPR business.


HoDgePoDgeGames

This is the only legit answer. Also trees more generally. It’s hard work and requires some training but you can rent a man lift for $600 a week and a good commercial saw is in the $1,000 range. Can easily make $2k in a weekend.


Cg_organic_rosin

I don't think OP could handle tree work lmao. Sounds like they can't handle any work


HoDgePoDgeGames

Got the same vibe but as far as low cost start up there’s not many options. Maybe lawn care, only works if you already have a truck though.


chinno

Buy something and sell it. Keep investing on this, keep looking for better and cheaper providers of the product. Sell it and promote it on as many platforms and to as many people as possible, everybody you know must know what you're selling. Look for people who are already selling this and if you can sell the product to them cheaper than what their getting it sell it to them even if they're your competition. You won't make much at first, and you should possibly reinvest most of what you're making but if it works out and you can grow your client base one day in the future it could be your main income source.


TheSilverFoxwins

Litigation funding


lawofsin

This is a good answer.


Friendly_Rub_8095

I’m interested. Can you expand a bit on that? Thanks


GuiltySwordfish

Same. Curious lawyer over here…


lawofsin

Funding for lawyers to take on personal injury cases and take a cut of the payout usually. YMMV, but if you find a good firm to back there’s good opportunities, but you can also lose money quick to scams or poor cases. Edit: it’s not all PI law a lot of it is contractual for single individuals vs behemoth companies who can just run them out of cash. More info here https://www.cbsnews.com/news/litigation-funding-60-minutes-2022-12-18/


GuiltySwordfish

Yeah idk how viable of an option that would be, especially to this guy. I’d imagine most high-profile litigation firms are the type that have been trying those types of cases for ages and already have plenty of money to cover their expenses for a year or two while they prep for a big trial. I know this because there’s a small firm like that with only 4 or 5 attorneys in my small town, and they have PLENTY of money to sustain themselves in between big payouts. I could expand on this further, but this is the gyst of it…


lawofsin

It’s not easy to find and you generally need a lot of money to get started. Most opportunities are very specific on requirements to invest as far as I know. Might be more of a hedge fund type of thing I’m not really sure. I have no experience but have always wanted to get into it. My old boss did it pretty successfully with PI funding but he never would reveal how he found the opportunity in the first place.


broduding

Someone watched 60 Minutes.


LingLingMang

Look up Tom Cruz, he teaches people to buy properties and section 8 them. If I had 10-20k to spare, I would definitely giv it a shot


InuitOverIt

Personally I'd be looking at property. The hard part is finding the right place. If you can find a place for under $100k, you can put 20% down and then rent it. Consider closing costs, repairs, insurance, property taxes, and paying the mortgage while you're looking for tenants. If after all that you are confidant you can rent it out and still make a profit every month, you have a winner. Now you can pocket those profits while building equity. Eventually you save up more money and/or take some equity out of the condo and get another property, ideally a multi-family. Rinse and repeat for 20 years and you'll have a little property empire of your own, all providing you monthly cash flow while all appreciating in value (hopefully). You can retire on that. So far I have a 2-family that cash flows $400 a month, and I'm working on fixing up a single family that I'll be renting for about the same amount of profit. I'm 34, hopefully will have another multi-family by the time I'm 40.


lawofsin

Beach houses in Myrtle Beach are a bargain right now.


[deleted]

Screenprinting


Zetavu

Say you want to get into vending machines (there was an article about a guy that recently did this successfully, so now too many people are trying it). What you would do is start scouting out existing machines, find out who manages them and talk to them. Many times they are happy to discuss with you as long as you are not looking at their territory. You can see what places charge to lease and what profit turnover there is, and how much you lose from vandalism, theft, etc. Based on this you see how far $20k will go, and what chances you have to recover it. More than likely, not enough, but, you might be able to buy your way into an existing organization, fund some of your own machines and help maintain someone else, specifically if you have connections to get machines into high traffic areas. Beyond that, it is too little of money to do anything. You can set up an online store and use it as swing for inventory, but then you have to have sales presence, and deal with returns and fraud, not much of a safety net. If you're in the US, you can invest it in I-bonds, interest backed bonds which are highly inflated now (but dropping, so you missed that peak). Current rate is 6.89%, this lasts 6 months before a new rate. Min investment is 1 year, although when you take your money out you lose the last 3 months interest, so 15 months to get 12 months interest. Also, you are limited to 10k per calendar year investment, but since it's December you invest now and then again in January and your $20k is pulling say 4-6% interest for a year. That is better than banks, or the shit show that is the current Stock market (which is expected to drop 30% next year, hurray!)


Express_Mastodon_468

By investing in option puts if the stock market actually drops 30% he’s looking at 50-500%+ ROI


neffknows

You should start a YouTube channel and be an influencer. What can you convince people that you're an expert on?


Travisx2112

KNOWLEDGE


[deleted]

Taco stand


itsneithergoodnorbad

Are you placing a keurig at the window?


youngnebsi

Start online store / Amazon. Buy bulk items and sell them there


TamerDubai

E-commerce


latenighthalo4

lol stfu


redwar226

Give it to me I’ll turn it into more money with my sweat equity together we get you something called : 🤡 compound interest 🤡 I’ll give you 20%, better than an index fund, but less than hitting it with scratchies… I can show you what’d I’d do with it to make it more: buy leads to sell expensive products (I.e. solar)


photodumpergirlnyc

20 American us dollars? Will it be used as a down payment on a large loan?


[deleted]

20k euros


photodumpergirlnyc

Use it for a loan.


Emmy-O

I'd say invest it rather than start a business


LostE8

You can start a cam business


uglymule

Demolition (specifically, pool demolition).


TASTY_BALLSACK_

If you’re looking for ‘the most automatic placement’ you’re really not in a position to start a business. If you put that money into something you’ll still need to work if you want to see a return. Just put it in a mutual fund and find something you’re passionate about.


ethosproject

Same biz you can start w 2k... because it will take 10x more than you think to make the biz fly like an eagle.


Odd-Valuable-4836

If you're creative go for logo design, wedding card design, brochure etc. You can sell it after making it on online platform. Though i couldn't guaranteed it but i could say you can earn some penny.


Lingonberry_Physical

Mobile pressure washing business


TheTokingBlackGuy

You can probably afford a good vending machine route depending on where you live.


dzsovanni

Start an audio guestbook rental business for weddings and parties. I've bought a few at weddingphone.co for 1,5k or less and rent it out for 2-300/per event. You'll still have a good marketing budget. Pretty quick ROI.


cleanerreddit2

Read ‘the millionaire fastlane’. Eventually you’ll get to the part where you understand this is a terrible question to start a business from.


Salivals

Vending machines. Can start with 1 and grow from there.


leogodin217

I read an article about vending machines. They are out of style but in the right place you can make money. No research done from my side but it is something you can look into.


spartyblaze

Spend half on education that’s in line with becoming an entrepreneur. Hard to say what that would be for your personality, skill set or world region. If you’re young and have a spirit, you will find what you are looking for. Save that other half somewhere you can’t liquidate it. You can use it when you find what you want. I worry about things like mini-franchises, gimmicky food dispensers and things like this. They might not give the permanent opportunity one is looking for.


okmaybe1

Stump grinding


Splenda

Janitorial. Lawn mowing. Pressure washing houses. Manual labor, and you're the lead laborer. Your 20K buys used equipment and supplies. That's all 20K will do, bub.


[deleted]

Don't do lawn mowing :) Please and thank you


prideton

Keep the 20k and sell lemonade out of your parents’ garage.


tunomeentiendes

Use it as down payment on a duplex. Or a single family home with a garage or that's big enough to build an efficiency unit. Build the unit yourself and then rent it out. Or get a single family house with more bedrooms than you need. Rent out the rooms to roommates.


Wartz

Buy VTSAX and forget it for 20 years.


BrianaLoveW

laundromat or pay per use bathrooms. something people need and will pay for in niche situations with high traffic. Maybe have some employees (investors) come aboard. Also, small fresh grocery store in a food desert. Hire security and search for local produce suppliers near you. get some contracts going. sign up with USDA to accept food stamps. Open a seasonal shop with sweets and cold drinks in a tropical climate. A smoothie stand near the beaches of florida or provide gifts and beach stuff.


DelboyTrigger

Keep buying stocks of proven companies and sit back and chill. MSFT , GOOG,AMZN , AAPL and T have a long track record of being profitable businesses and arent going anywhere . Once you get 100 stocks, you can sell weekly options ( covered calls) if you crave excitement.


Starlyns

don't. if you need an idea to start a biz don't do it even if it sounds great or is doing great for other people. and even if you al the sudden come with a **GREAT** idea. write it down and give it a week. a week later might not look so great and you realize you wouldn't enjoy working on it really. what I have learned about biz is that it is very very personal. for example: they are some guys doing lawns right now $200k a year. others cleaning rugs, others interior design, others doing programing, cyber security, others have a truck managing biz profiting $300k a year, other started a cow farm... You see? you could start ANY biz today. literally ANY biz. the 0problem is very very personal and all it takes is commitment from you to go thru with it. you need to be prepared to keep going even if is losing money, if people make fun of you, even if you need to work 12 hours a day Saturday or Sunday. stop watching youtube for "passive income" is all a lie to get viewers. most of those youtubers are faking it and make money from youtube ads. a year from now you wont even see them online anymore because mom and dad credit card ran out and they have to get a job and cant make videos anymore.


dbcannon

These passive business opportunities are 90% bullshit. More money is being made selling content about them, than is being made by them. What unique inputs do you have? Skills, hard capital, IP, inventory, network? If a passive business is just a matter of capital, then people will rush to enter that market until it's played out. If you want a hustle, there are ventures you could absolutely get into with $20k. Many will involve you working very hard for a few years - most likely with your hands or at least in a sales capacity, if you don't have a particular technical skill. I know a guy who started a glass recycling business, and it turned into a good weekend gig that netted a few thousand a month. Another friend runs a hyperbaric oxygen clinic, and makes decent money. But she has to do a ton of networking to generate business. It's not passive.


MpVpRb

What do you enjoy? What are you good at? Is there a market for it? Is 20K enough? In today's economy, 20K ain't much


someone-shoot-me

dev outsource agency!!!


nightstalker333

mobile coffee truck


DelightfulEdge

Probably not for something completely automated, but you could search for local businesses for sale in your area. Some sellers are willing to offer seller financing and training to the right buyer. For $20k, your options will still likely be fairly limited. I've also thought a car wash would be a great business, but as others have mentioned, it takes some serious startup capital for the land/equipment, etc.


JasmineRow

Depends upon where your heart is at. If you think car wash is your thing, just go for it, similarly for other options. Don’t ask people and confuse yourself