Wish to know how to augment your income with $50,000 in hand?
There are quite a few ways to go about. Starting a promising business is not bad, provided you have an aptitude for it. If you are averse to collecting monthly interest and instead would want to see your money grow by leaps and bounds, you can go for either of these following options.
- Stock market can be a good option if you are willing to take risks. All you need is a bit of financial acumen. The safest way out is to create a portfolio. Invest certain amount in slow moving bonds, a part of it into futures and commodities, and remaining into the unpredictable market. If you can somewhat anticipate when the stocks would tumble, you can swim against the odds comfortably.
- Internet business is another good option. If you are net savvy, you can come across multitude of businesses possibilities. You start and propagate your business on the net and get prospective clients on the net.
- Real estate can also be a wonderful option. Buy a property in an upcoming area within your range and sell it off as demand rises. You can make a lump sum effortlessly. Finding the right property in the right area matters the most. Again, you need to bring your discretion into play. However, to take home the returns, you need to bide your time. The wait, however, is worth it.
If nothing but a shop interests you the most, go for a franchise business. Having an outlet of McDonald’s, KFC or Dunkin Donuts can be a good way to launch yourself, in a hassle free business. With a franchisee business you don’t have to start from scratch. Moreover you are protected from failures as you, at all times, will be propped up by the parent company.
Though these are some the businesses that you may consider choosing, there are many available options. What you decide to take up should be based on your liking, aptitude, knowledge and physical ability. The final is yours!