We have about 50K to invest and want to start some sort of business for my husband to run/do. I carry the insurances we need and make the take home $$ needed for family. Looking for good franchise or start up options that work provide a modest income but allow flexibility for vacations/sick kids time! What would you do if you could start a small business?

like
Posting as :
works at
You are currently posting as works at

I’m going to be the naysayer here. Starting a business isn’t really compatible with flexibility for family time. At least in the initial years you are building the business. I doubt $50k is enough for any established franchise.

likesmarthelpful

This

If he is into sports, then sports clubs seems to be the in thing. A lot of money from middle class families who want their kids to be in sports. Volleyball, soccer, dance, ice-skating, hockey just to name a few.

likesmart

This is true. My parents paid like 2-3k a year for each sport for each kid. Very lucrative

like

So, a gentleman’s hobby? I think the market is more likely to have an ROI than a franchise (which would be a few hundred k min). Have him day trade. Haha.

like

Agree, I’m sure there is. Although this is more in line with what he would be interested in.


A lot of cynical feedback in this group, which is fine, not a lot of details given.

We do have more assets to meet the requirements of most franchises, have additional capital if needed for the right idea, but we haven’t found it yet. We have considered a lot of options and was really just hoping for some ideas we hadn’t considered.

What skill does he have? What are his strengths? If he's a very social person and has some kind of flair for public speaking, a YouTube niche won't be a bad idea.
Starting and maintaining a business requires a lot of time and dedication, not to mention a lot of funds.
He should invest whatever money and time he has in acquiring some more skills, that would give him flexibility in whatever career part he decides to venture into.
He could also start learning to trade the market or look into crypto buying and selling, quite lucrative if you know what you're doing.
He should acquire a little more knowledge while doing a lot of research.

Hard worker, hands on, not a public speaker, but great as a manager 1-1 with people or the public, has always worked in
/around/for the automotive industry. Although I think feeling burnt out from that so ideally wants to find a new challenge outside of cars/trucks!

Buy and manage rentals/airbnbs? Perhaps taking on additional investment from friends and families to get started?

Related Posts

How to handle potential backlash over mandatory mask wearing? We have an employee who refused based on having COPD. We had him fill out medical accommodation paperwork, and then put him on leave.

like

People worrying today should read books on trading psychology! Not being patronizing- it will help you in the future, not just for investments but for doing better in life!

like

I have a Marriott rewards car, Can I use it instead of my Amex Corp while staying at Marriott on business trips

Looking for good books on investing. Open to anything- real estate, stock market, etc. please leave any suggestions on what to read and anything to avoid - thanks fishes!!

like

EY Fish, coming over from PwC. Does the Roth 401k have ability for in-service withdrawals (eg. mega backdoor Roth)?

like

Hello guys,
Need some help.. How many sick leaves can a resource avail during the notice period. Client is forcing me to take up new and critical tasks saying its business critical and needs to be done asap.. Even i have not got my backup assigned till now . How to delay it and most importantly how to avail sick leaves and how many.. TIA

Can you get an IV certification as a medical assistant?

like

Today I met with a referral and one of their accounts has a margin loan on it. Does the client have to pay off the loan before he transfers the account? Dont deal with margin loans ever so am a lost.

like

Salaam fam - as everyone makes dua these last few days, would love if y’all could spare a few extra duas for me as well ❤️

If you can fast tomorrow, fast to expiate sins from the past year and the year to come — and dropping this reminder here by the prophet pbuh:

“The best invocation on the Day of Arafah is the best that I and the Prophets before me recited: ‘La ilaha ill Allahu, wahdahu la sharika lahu, lahu'l-mulku wa lahu'l-hamdu, wa Huwa ala kulli shay'in Qadir.’”

Translation below

like

Any HR people on here? Setttle a bet for me: do you get to see the answers to the EEO disability question at the end of job applications?

like

Anyone have the Bonvoy Boundless Credit card looking to split the referral bonus? Thinking about applying and the added 20k points May be enough for me to pull the trigger..You would net 20k as well! Pm me if interested!

like

Does Microsoft use Vanguard for 401k or a different provider?

like

Chase Freedom Unlimited credit card or Savor One? Does anyone have both? What are your thoughts on each

like

Close to maxing out my 401k but would still like to be investing additional savings elsewhere. Any recommendations on what to do next for investments?

I already own my home and would prefer any additional investments to be slightly more liquid. Also, not a finance guy, so the more simple, the better for me.

like

Anyone in the medical industry looking to trade protective and medical equipment? I have access to top manufacturers and specialize in supply shortages.

like

I’m 5’7” and I’m sorry but I am sick of my female friends constantly talking about height requirements. Constantly. Preferences are preferences but I would never tell a fat female friend I wouldn’t date fat women.

likefunnyuplifting

Fifth date with this man and it’s a park date, I came out with no makeup thinking it’s a good time to let him *see* me and he proceeds to ask me if I’m sick bc “I look tired”. Men, why you gotta be like this??!!

So spent the last 30 hours working through this trying to books with points. Still nada. Anybody else have luck?

Hi any advice for someone who has 1 1/2 year experience in industry and wanting to switch from market access to medical affairs. I'm open to any job opportunities in small or midsize pharma or guidance I have a vaccines and neuroscience background

like

If I see one more article on how millennials are ruining the economy or housing market by not buying enough homes or selling enough homes I'm going to scream. We were saving for 3 years before Covid and had to use a solid chunk to take care of ourselves and our families during quarantine. Now that we're ready to save again inflation and COL are at an all-time high and we're headed into a recession. And somehow this is my fault for what...not being a boomer? Bffr.

likehelpful

More Posts

I've been working in the NHS as an orthopaedic surgeon for over 10 years. I have recently made the transition over to industry working for a pharmcovigilance and certification body TUV SUD. Early signs are great. I know several clinicians who are currently advocating the overworked underpaid mantra and would like a referral. Let me know if you are keen to hear more.

like

Didn’t see Oracle coming out the winner for TikTok. Wow.

likefunny

I’ve toggled the “Show Formula” setting and it changes nothing. File format is xlsx, so that shouldn’t be the issue. Any ideas why these are showing the formula instead of the output?

Post Photo
like

Has anyone hired an assistant ( virtual or otherwise) to help them with managing their life? Any tips/tricks/stories? I’m done with myself…..

like

My dog is very sick again and it’s hard not to worry that it might be his time. Waiting to hear from Vet. Have a hard push to finish billable hours. It’s been just me and him for the past 12 years.

like

If you need an internship or consulting job. DM me! We are an automotive consulting company working with high end oems and T1’s.

like

Hey guys, I need 11 likes to activate DM. Could you help me with the same? I'd be much obliged and thankful. 🥹

like

Hey Fishers,

I have 3 offers for a data scientist role....
KGS- 13 fixed
Accenture ai- 16.33 ctc 13.5 fixed
Hexaware- 17.5 ctc 16 fixed

Can someone help me out which company to join... I am preferring KGS

I have an experience of more than 2 years in financial operations, audit and compliance, reports management and data analysis. Is there any opportunity in EY GDS as per my skills?

like

Want to learn OFSAA at functional level, where to start?

At what point in your careers did you know you wanted to gun for PPMD? Any point wherein you doubted yourself?

like

Hi Everyone,
We are hiring for Guidewire developer role.

Interested candidates can apply here
latha.nayak@gamechangerit.com

Role -Guidewire Integration/Configuration Developer or Lead
Module-  claims, policy and billing
Location – Bangalore, Chennai, Hyderabad, Pune, Mumbai, Delhi, NCR, Kolkata, Bhubaneshwar
Grade – B2, C1, C2, D1 & D2- 4 to 16yrs

like

Anyone from KPMG work in federal tech risk management?

like
like

Anyone out here who works for Emera or NS Power?

like

Any companies hiring for data analysts/scientists in Denver but aren’t posting because of the equal pay laws?

If so, best way to apply if no job posting?

like

Shout out to all of you staying sober!

like

So I am creating a second company aside from photography and was wondering how you would go about finding trusted angel investors to help support my new start up. Thank you for your help in advance!

like

How do you get the freshly washed look

I am an ugly duck, but i look good for a few minutes after taking a bath or washing my face. How do i preserve that look longer?

like

I am not doing any work in notice period , as manager denied onsite opportunity so I resigned and not working. Can they do anything to me ? Even if client complaints ?

like

Additional Posts in Personal Investment Chatter

Is 5 personal credit cards too many? Not a high utilization rate but some are too old to close that will adversely affect my credit score

like

So would now be the time to put more into growth funds since value has a greatly outperformed then in the past year or so? And taking the recent market correction into account?

like

Does Bank of America do a Mega Back door 401K?

like

Lost over $15k in a stock overnight. Anyone suffer big from taking an equity risk? How did you come to grips

like

Thoughts on Netflix, any idea if they will gain back some traction?
Should I close out my shares at 54% loss now or wait till the end of the year to see what happens.

like

Buy/hold/sell PLTR? Seems word is that it’s overvalued?

single nyc dwellers - how much have you budgeted for a 6 month emergency fund?

like

Harmony ONE coin

like

Does fidelity hsa allow you to upload receipts for future reimbursements?

like

What are we buying today???? Recs, anyone?

like

Can someone point to the IRS source of truth that defines how and when to apply the pro rata rule to Roth IRA conversion? Specifically, is it based off 12/31 balance of prior year or the the year in which the conversion is made?

like

Is there any long-term financial strategy better than investing in an index fund?

like

To the Principal who DMed in response to the algorithmic trading post from two nights ago, I accidentally denied the request and can’t get you back. Sorry! Feel free to DM me here if you see this.

like

Anyone using Edward Jones? Feel like we did a mistake and rolled over all my husbands retirement accounts from different employers and our kids 529 under them Jan 2020. Since then market is down and accounts lost20%. But the fees every month is pretty high around $200. I am worried to move it to fidelity or some other place and manage myself(not very confident), then I have to sell all of the Edward Jones managed funds and buy new. sell low buy low makes sense but don’t want to loose anymore.

likefunny

Question: As a recent grad, should I be contributing to a 401(k) or a Roth 401(k)? I can afford to put in ~20% of my paycheck towards the Roth, and probably a bit more to a traditional. What do I do?