What would you do with $20,000?

[tortoise]

Real estate crowdfunding.

 

[Sonikku]

I would spend it on a trip to Thailand.

 

[ultimatebob]

I bet that you could get a really sweet gaming rig for 20K. What are Titan Z's and 4 TB SSD's going for nowadays?

 

[Ns1]

1 single glorious trip to asia - japan / HK / singapore / thailand / vietnam

 

[child of wonder]

Use it plus another $10,000 to remodel our kitchen.

 

[KingstonU]

I would put it towards larger projects / expenses that were never really high on the priority list: HTC Vive + new PC, a new phone, new air-conditioner, laser eye surgery, a couple tattoos...

 

[Imp]

From Transpotting, 15k British Pounds should get me a kilo or so of cocaine. With inflation, I could probably still score a half kilo for $20k.

 

[TwiceOver]

My wife and I would get new vehicles.

 

[master_shake_]

Now you just need to buy some more hands.

just some mods.

 

[FeuerFrei]

Buy a new(er) car (10k).
Pay off debt (7k).
PROFIT (3k)!

 

[clamum]

This past week I bought:

Glock 17 Gen 1
Glock 32
Glock 38
Glock 39
HK USP 45 Elite
HK USP 45 Expert
S&W Model 41
Springfield XD 9
Springfield Professional

So about $10K in guns this week. I'm sure I'll hit $20K+ by the end of the month.

Dang man!

I have an XD-9 (my first pistol actually) and one day I'll own some sort of Glock, probably 19.

 

[highland145]

I'm changing my answer...

If I had the time to take off work, I'd pay an old knowledgeable fart to take me through the museum of natural history in DC and enlighten me. 2 months might be enough.

 

[Mai72]

$20k isn't much money.

I'd leave it in m y sacred account. Alone. I couldn't touch it until I got to $100k.

Once I got $100k it would go right into 8-16 door multi family apartment. $100k will get you about $400k of real estate.

Immediately I'd get 12% return on my investment. And, it would only get better with time. In 10 years I'd sell that multi family for close to $1m.

That's currently my goal now!

 

[Geekbabe]

Damn, do you have the big C word? Do you have a gofundme account or something similar?

Yes I have stage IV lung cancer, currently doing okay on immunotherapy. I have a thread here about my illness.

No gofundme yet, I am still working.

 

[Svnla]

$20k isn't much money.

I'd leave it in m y sacred account. Alone. I couldn't touch it until I got to $100k.

Once I got $100k it would go right into 8-16 door multi family apartment. $100k will get you about $400k of real estate.

Immediately I'd get 12% return on my investment. And, it would only get better with time. In 10 years I'd sell that multi family for close to $1m.

That's currently my goal now!

Funny that you mention about RE.

I have $100K in numerous accounts right now and I am thinking about the same thing as you. Just not sure I want to be a landlord and have to deal with tenants.

Maybe in your area multi family apartments are good but around here, not as easy to get 12% rate of return as you claim and no way you can get $1M for one 10 years from now. YMMV I guess.

 

[highland145]

Yes I have stage IV lung cancer, currently doing okay on immunotherapy. I have a thread here about my illness.

No gofundme yet, I am still working.

Best of, like always.

 

[pete6032]

Take some time off of work and spend that time learning a new skill or pursuing other interests.

 

[MagnusTheBrewer]

Build a food trailer I designed.

 

[Mai72]

Funny that you mention about RE.

I have $100K in numerous accounts right now and I am thinking about the same thing as you. Just not sure I want to be a landlord and have to deal with tenants.

Maybe in your area multi family apartments are good but around here, not as easy to get 12% rate of return as you claim and no way you can get $1M for one 10 years from now. YMMV I guess.

I follow Grant Cardone. If you don't know who he is look him up. New York Times best seller. Has a sales company that generates $100m a year. Has nearly $500m in his real estate portfolio. That's $500m!

Anyway, he does a show called the Cardone Zone. Just started another one just on real estate. He only invest in multi family real estate. As Grant has stated "the more doors the better." Obviously, real estate has been very kind to Grant. And, he has stated over and over that he expects a 12% return his first year. And he has gotten it. Of course, you need to do your homework and pick the locations that are going to generate the most profit for you. You want to look at the buildings trailing T-12. What's their history? Have they had a difficult time bringing in renters?

You're going to have to deal with tenants. That's the game but I like RE because it's tried and true. As you get your RE business going you could always outsource and have someone watch your RE. Of course, they would need to be dependable and trustworthy.

I like Grant. Just be forewarned that he's not for everyone. He can be a bit brash and out there. He is putting on a show so he tries to be entertaining plus informative. If you're looking for someone serious he may not be your guy. For me, Grant brings value so I watch his show.

https://www.entrepreneur.com/article/250759

 

[brianmanahan]

Immediately I'd get 12% return on my investment. And, it would only get better with time. In 10 years I'd sell that multi family for close to $1m.

i'd rather get %7-8 returns on REITs and not have to do any work tbh