Looking for Financial Advice

[MarcusG]

Hello all,

Been a long time since I've been on these forums but, I come with just one question in hopes there is someone smart in financial decisions out there. I have raised a sum of money and want to invest and get a high return with it. What are my options for that?

I already am investing in a Roth TSP and not looking to put more money into that retirement account as I just want to use my money to make more money faster than a savings account. I wanted to invest in a server but the issue with hosting my own is the lack of time I have to focus on that and my lack of trust in other people that are willing to open one with my financial support.

 

[Chaos]

Honestly from my personal experience, I found myself in your shoes once. I suggest investing in yourself before investing into companies, material items, games etc.. You want to have a flow of passive income and the best way to do that is spending the time and money it'll take for you to learn about a field you like and enjoy. For example i came into a decent sum of money and I took the time to learn and invest a small amount into starting my own company wholesaling houses and eventually gathering up enough to own and rent my first line of properties. This took time of course but the payout is great, now the time i have where im not focusing on work I create and develop MC servers as well as teach online classes. All things i enjoy doing and all relatively passive incomes. Focus on investing into yourself. This is only my personal opinion and experience though so i hope it helped in some way.

 

[MarcusG]

Honestly from my personal experience, I found myself in your shoes once. I suggest investing in yourself before investing into companies, material items, games etc.. You want to have a flow of passive income and the best way to do that is spending the time and money it'll take for you to learn about a field you like and enjoy. For example i came into a decent sum of money and I took the time to learn and invest a small amount into starting my own company wholesaling houses and eventually gathering up enough to own and rent my first line of properties. This took time of course but the payout is great, now the time i have where im not focusing on work I create and develop MC servers as well as teach online classes. All things i enjoy doing and all relatively passive incomes. Focus on investing into yourself. This is only my personal opinion and experience though so i hope it helped in some way.

Wholesaling houses? That sounds fun. I might look into that. I can try investing in myself.

 

[Scroll32]

Honestly from my personal experience, I found myself in your shoes once. I suggest investing in yourself before investing into companies, material items, games etc.. You want to have a flow of passive income and the best way to do that is spending the time and money it'll take for you to learn about a field you like and enjoy. For example i came into a decent sum of money and I took the time to learn and invest a small amount into starting my own company wholesaling houses and eventually gathering up enough to own and rent my first line of properties. This took time of course but the payout is great, now the time i have where im not focusing on work I create and develop MC servers as well as teach online classes. All things i enjoy doing and all relatively passive incomes. Focus on investing into yourself. This is only my personal opinion and experience though so i hope it helped in some way.

This. But also I would make sure to not put all of your eggs in one basket. Diversify a little so in case a rainy day comes along your set, you can do this by putting a bit in stocks, crypto, and even MCM businesses assuming you do it right.

 

[J3wishBanana]

Hello all,

Been a long time since I've been on these forums but, I come with just one question in hopes there is someone smart in financial decisions out there. I have raised a sum of money and want to invest and get a high return with it. What are my options for that?

I already am investing in a Roth TSP and not looking to put more money into that retirement account as I just want to use my money to make more money faster than a savings account. I wanted to invest in a server but the issue with hosting my own is the lack of time I have to focus on that and my lack of trust in other people that are willing to open one with my financial support.

Highly recommend you start putting any money you have in the bank into an investment portfolio and control it yourself. Then simply invest into large safe investments like apple, amazon, Microsoft. These companies show non stop growth for the last 2-3 decades and this will basically let your sitting money dodge annual inflation.