What would you do?

[Cutten]

Quote from IShopAtPublix:

Save up to open a business.

Terrible advice. Most businesses fail in the first year, and most people are not cut out to run a business. Starting a business is an incredibly risky (from a financial view) proposition since it takes years from your life as well as a huge risk to your life savings.

Most people should get a secure, well-paid job they love or at least can stomach, and then invest their money conservatively, with capital preservation the primary goal, and satisfactory returns second.

 

[Cutten]

Quote from lpchad:

I have a friend in Chile right now and is traveling the world doing just this. I envy him, but feel I should have a way to make an income at the same time rather than just pissing away the 100K on world travels. If I could work on something anywhere this would be an option. Hence my dabbling in the markets.

Right now is probably the best time to go on world travels out of the last 20 years. You don't need to piss away $100k, a budget of even $10k will get you by.

You are only young once, most oldsters would pay a lot more than $100k to be a debt-free 28 year old able to travel round the world pursuing drink, decadence, and debauchery. You will regret it if you don't do it IMO.

 

[ElCubano]

Quote from lpchad:

-$100,000 liquid Cash
-$63,000 retirement savings (401k, IRAs, etc)

$0 debt (No CC, mortgages, student loans, anything)

28 years old, single

Abosolutely nothing....you are doing a fantastic job.

I'd be looking for a home to live in and low ball offers until one gets hit. You have time on your side which translates to having to take minimal risk..

 

[trade4succes]

Quote from lpchad:

-$100,000 liquid Cash
-$63,000 retirement savings (401k, IRAs, etc)

$0 debt (No CC, mortgages, student loans, anything)

28 years old, single

If you organize your life in a good way, you can enjoy life for at least 10 years while trying a lot of businesses starting on a shoestring or with outside investor's money.

 

[ivanbaj]

Find I nice, warm and safe 3td world country and buy it.

 

[dealmaker]

Don't listen to anyone. Do what you desire, that is the right decision for you. You are on elite for a reason. Invest it, trade it, work it. Good luck.

 

[Optional]

Quote from lpchad:

I have a friend in Chile right now and is traveling the world doing just this. I envy him, but feel I should have a way to make an income at the same time rather than just pissing away the 100K on world travels. If I could work on something anywhere this would be an option. Hence my dabbling in the markets.

Take 25K and travel the world like Surdo says
you should be doing it like a king for about 3-6 months...

And then get on with your life..

 

[Anaconda]

Quote from Cutten:

Most businesses fail in the first year, and most people are not cut out to run a business.

Do you even know why that is? Lack of proper planning and lack capitalization. Moreso the lack of capitalization to last.

Most people venturing out to start a business are idiots who go out on a limb and get over-leveraged. They do it because they want to start a business, not because there is an actual opportunity and market. If you avoid that mistake and focus on the right opportunities, you will succeed. Lot of wonderful opportunities out there, just gotta be slick and think outside the box.

 

[lpchad]

Quote from Cutten:

Most people should get a secure, well-paid job they love or at least can stomach.

I see this as a pathetic, mediocre way to live life. I know I am better than this.

 

[ElCubano]

Go visit Cuba......