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  • Is starting a business a smart idea?

    updated 1 year, 9 months ago 0 Member · 1 Post
  • Margaret

    Member
    December 9, 2020 at 6:56 pm

    I’m 23 and my father put about $10,000 into a parental brokerage account when I was born and turned it over to me when I was 18. He got big on a few stocks such as Apple, Facebook, and Netflix. It’s now worth over $215,000 and I know I want to be a business owner someday. Right now I plan on getting a regular job as I graduate in a few weeks and progressing in my field/obtaining a masters degree in coming years. My question is, what’s the best thing to do with this money? I want to retire early and not be stuck in the rat race until I’m 60. I plan to retire well before then off passive income, hopefully in my 40s. Should I sit on it and do nothing while working my 9-5 (adding to it of course) until I’m 40-45 and just retire, take it out and buy property, or start a business? Thanks for any input:)
    – by /hq/Zranza – –

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