If you were gifted 500k, but the catch is you can only use it to start a small business or your own consulting practice what would you do?

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Start my own consulting practice, sign myself up as my only client and pay myself out of the $500k. Then rest and invest.

likefunnysmart

Nevermind, I'll do this

uplifting

I would buy semi trucks

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Car wash

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25%-35% with about $150k in FCF.

Rental real estate. Buy two separate $1M units for $250k down each and let the cashflow do the rest

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Yeah probably $250k down gets about $800k of property. But interest is deductible. Rents increase with inflation.

Make an LLC, plop it into the S&P500, skim profits.

likesmart

Laundromat or some other business with consistent demand/volume.

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Pretty much anything other than consulting.

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Asian massage shop

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Customers’ body

Set up an at home daycare and pay myself to watch only my kids

likefunny

Better yet. Pay someone else to watch your kids so you can go play golf

Parking lot in downtown of some major city

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Looking for a partner? Let’s chat

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Ice cream shop

Snack food brand

Give it back

Gym

I would invest it in rental real estate.

Move to Turks and Caicos, buy a catamaran and start a sailing business

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Here it is.

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Hello fishes
I am a chemical engineer having 4.5 years of experience in production and currently I am working as production manager in liquid ink manufacturing company and now i want to switch to give a new exposure to my career so if u have any opportunities for me then please let me know
Thanks in advance

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