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What to do with 10k$

submitted by The_Duke_of_Dabs to whatever 2 monthsFeb 20, 2024 09:49:54 ago (+19/-3)     (whatever)

Yeah, you read that; its not much but besides from saving up to buy my house for cash 5 years ago, this is the most "do whatever with" money I've had for a while.

My first thought was to go in on making my own jerky company. I've gotten pretty fucking good at it and figure I might as well make money from doing something I enjoy.

The second was getting a loan for a restaurant. I figured the 10k would be a nice start then maybe use the equity in my home to get large enough from the bank.

I'm open to suggestions. Please no shitcoin pitches or fucking stonks.


119 comments block


[ - ] PeckerwoodPerry 28 points 2 monthsFeb 20, 2024 09:56:27 ago (+28/-0)

Don't open a restaurant unless you really know what you're doing, and you can afford to operate in the red for the first two years.

[ - ] The_Duke_of_Dabs [op] 4 points 2 monthsFeb 20, 2024 11:48:52 ago (+4/-0)

I was a chef before covid and all the kids. Family owned a restaurant when they came over at the turn of the 20th century. I grew up most of my summers in that kitchen as a child helping my great aunt. I know what's involved, it's just the 2 year runway cash I might need if I can't hit in the black right off the rip

[ - ] PeckerwoodPerry 11 points 2 monthsFeb 20, 2024 12:05:45 ago (+11/-0)

I've been in the industry for close to 30 years and I've done it all. If I was going to open a restaurant it would be something very simple. The fewer moving parts the better. The less staff the better. It's really hard to find people you can trust, and it's exceedingly rare to find someone that cares half as much as you do about it.

[ - ] The_Duke_of_Dabs [op] 5 points 2 monthsFeb 20, 2024 12:14:36 ago (+5/-0)

No doubt brother! I was thinking simple home made hand cranked burgers and my own triple cooked chips(fries)

[ - ] PeckerwoodPerry 2 points 2 monthsFeb 20, 2024 12:43:44 ago (+2/-0)

I mean, that might work but not for $10k. If you want fryers or a flat top you'll need a hood and that's like $40k right there. I don't see how you could cover the start up cost of something like that for under $80k if you take menus, equipment, renovation and decoration, signage, marketing and still you maybe might make that back in two years after food cost and rent, and you'd have to put all your time and energy into it with very little left over for the wife and kids.

[ - ] The_Duke_of_Dabs [op] 2 points 2 monthsFeb 20, 2024 12:53:25 ago (+2/-0)

Flat top and fryers I can get for less than a grand each, I might buy an old horse trailer and convert it. 10k is what I've priced it out if I go that route

[ - ] BushChuck 6 points 2 monthsFeb 20, 2024 13:23:00 ago (+6/-0)

I fitted out a burger trailer about a decade ago. had the trailer manufactured, but did the entire interior myself. Benches, ventilation system, sinks, I made everything.

I still spent a little over $30k usd fitting it out.

What is going to kill you on a terrestrial build is the HVAC, fire suppression, and the water treatment.

[ - ] BushChuck 4 points 2 monthsFeb 20, 2024 12:07:04 ago (+4/-0)*

Hot dog cart.

Also a 30 year veteran of the kitchen, been retired for a while.

Owned several restaurants.

[ - ] MrHarryReems 3 points 2 monthsFeb 20, 2024 13:13:55 ago (+3/-0)

Hot dog carts can be hugely profitable if you're in the right spot.

[ - ] BushChuck 2 points 2 monthsFeb 20, 2024 13:19:19 ago (+2/-0)

Really low effort, too.

You can do gourmet shit, and it's the same effort as squeezing mustard.

Make up 5 or six standard dogs, and give them cool names. Have three cheeses, three tiers of sausage, make your own sauerkraut, home made pickles/relish, etc.

For not nearly as much effort as carrying a decent restaurant menu, you can offer something unique, and genuinely healthy food.

Shit, even making your own sausage is a doddle. If you live in an area where yo-u can get your home kitchen certified, you're laughing. Even without, you can often use the local community center's kitchen. Not going to be well equipped, usually, but they are all required to be certified.

Usually pretty cheap to rent out for the day, and if you get in tight, they might even let you leave your own fridge there.

[ - ] Clubberlang 1 point 2 monthsFeb 20, 2024 19:59:19 ago (+1/-0)

The Let's Go Brandon Gaslighting Dog you get half a hotdog but you're told it's the best hotdog in all of American history.

The Lindsey Graham Dog if you can deepthroat it in one bite it's free faggot.

The Glitch McDonald Dog so good....................................................you'll be speechless for 5 minutes.

The Arkancide Dog you don't want to know what's in it.

The Hunter Biden Dog it has a secret ingredient that even the white house security can't even figure out who's errr ummm what it is.

[ - ] BushChuck 15 points 2 monthsFeb 20, 2024 10:06:51 ago (+15/-0)

Do. Not. Open. A. Fucking. Restaurant.

Food processing for public consumption is going to require a commercial space, but you might possibly create that in your home kitchen. It depends on local licensing in your State, and then there are going to be interstate requirements.

If I were to do something food related, and I only had $10k, I'd go hot dog cart. Or a small, mobile burger stand.

If you can get a good location for it, you can make a year's wage in a Summer, and be your own boss at the same time.

Please, for the love of everything good in this world, do not open a restaurant.

[ - ] Bottled_Tears 5 points 2 monthsFeb 20, 2024 12:55:15 ago (+5/-0)

I'd agree. Restaurants are a dying business. Customer service is lower than ever, turnover rate is higher than ever, and the customers are the nastiest they've been that will make your good workers quit.

Plus even if you're successful, I've talked to many owners and they said they make only about a 40% profit and 60% if you are working the shifts that would be most expensive to cover.

[ - ] BushChuck 8 points 2 monthsFeb 20, 2024 13:01:18 ago (+8/-0)

40% profit?!! You are talking to liars.

Best I have ever done is a gross profit of ~20% and that is with me working 80 hour weeks. All said and done, maybe a ~7.5% net profit.

By my last restaurant I was happy with ~5% net, with me only working the weekend.

If I had to do it all again, I'd have become an electrician, not a fucking chef de cuisine.

[ - ] Bottled_Tears 1 point 2 monthsFeb 23, 2024 17:18:42 ago (+1/-0)

This why I took the mechanic/electrician path. I'll gladly make 150k doing simple shit peons can't do.

[ - ] BushChuck 0 points 2 monthsFeb 23, 2024 23:51:16 ago (+0/-0)

Yep. My eldest is a pilot. I have a boiler maker, and a blacksmith as well.

[ - ] Bottled_Tears 0 points 2 monthsFeb 23, 2024 17:19:42 ago (+0/-0)

Depends on your location and geographic bud.

[ - ] BushChuck 0 points 2 monthsFeb 23, 2024 23:49:59 ago (+0/-0)

Geographic bud?

What's that?

[ - ] germ22 2 points 2 monthsFeb 20, 2024 10:59:56 ago (+2/-0)

I often imagined a food cart in a road construction zone would be good business. Those road constructions where they close one lane on a two lane road with the flag people r traffic light.
I've had to wait in those lines many time, sometimes for quite a while. Having someone sell cold drinks and maybe some food could be profitable.

[ - ] BushChuck 3 points 2 monthsFeb 20, 2024 12:05:41 ago (+3/-0)*

Beaches, and boardwalks are best. Construction sites usually have catering contracts.

Other than that, outside the bars at 2am, though I don't know how safe that is going to be these days.

Farmer's markets might also be a good location.

[ - ] dassar 3 points 2 monthsFeb 20, 2024 14:58:00 ago (+3/-0)

Yep, i remember some 'gourmet burger' joints that would only open up at like 11pm to 3 or 4 am (3-4 nights a week thurs -sunday iirc) to cater to the drunk night-club crowd, this was thirty years ago and were charging 4x the price of a normal burger out of a food carvan - was always packed/ crowded out making bank.

[ - ] BushChuck 0 points 2 monthsFeb 20, 2024 15:22:48 ago (+0/-0)

Those were good days.

[ - ] HeyJames 9 points 2 monthsFeb 20, 2024 10:03:43 ago (+9/-0)

Restaraunt business is tough living. Very hard work for a couple years until you finally get the staff and methods down. Even then it's always a volume based business.

To be honest you could probably make a lot better money investing that into lawn care equipment and doing yards part time. Not really that difficult of work if you get the top of the line stuff and there's money to be made. Definitely easier than a restaurant

[ - ] WhatColorIsYourTigerCage 8 points 2 monthsFeb 20, 2024 11:47:03 ago (+8/-0)

Hookers and blow.

[ - ] con77 2 points 2 monthsFeb 20, 2024 17:11:59 ago (+2/-0)

theres my boy!

[ - ] con77 8 points 2 monthsFeb 20, 2024 10:07:05 ago (+8/-0)

DO NOT OPEN A RESTAURANT!

unless you want to go broke and work 80 hours a week while you do it.

buy gold and ammo

[ - ] Reawakened 6 points 2 monthsFeb 20, 2024 11:07:56 ago (+6/-0)

I would have said silver, but, yeah.

[ - ] The_Duke_of_Dabs [op] 6 points 2 monthsFeb 20, 2024 11:42:56 ago (+6/-0)

I didn't think about ammo. That's actually really fucking smart.

[ - ] BushChuck 3 points 2 monthsFeb 20, 2024 12:11:30 ago (+3/-0)

I just assume everyone here has 5k rounds for each weapon they own.

Even smarter. Buy a reloading press, with all the ecoutrements, and manufacture your own.

[ - ] Nietzsche 0 points 2 monthsFeb 20, 2024 13:02:22 ago (+0/-0)

Reloading doesn't save money with today's component costs, but you can get a hell of alot more accuracy.

[ - ] BushChuck 2 points 2 monthsFeb 20, 2024 13:10:14 ago (+2/-0)

Quality is what I am after. I reload .308, and 7.62x39, and shot shells.

Also, you can use old batteries as shotgun slugs.

[ - ] parrygrin 1 point 2 monthsFeb 20, 2024 18:08:05 ago (+1/-0)

A third gold, a third silver, a third lead.

[ - ] PeckerwoodPerry 7 points 2 monthsFeb 20, 2024 10:26:12 ago (+7/-0)

If I had 10k disposable right now what I would do with it is start selling French style crepes at farmers markets. There's four locally here every week. Food cost is very low for crepes. In this area you need either a commercial kitchen that's subject to regular inspections or you need commissary, which is permission to use a restaurant's kitchen to do your food prep. Commissary can be anywhere between $0-$100 a month depending on who you know in the industry. Commercial crepe machines are about $350 and I'd get two. I'd start with two machines, two tables, two large coolers, and a popup canopy. There'd be money left over to cover signage and several months of food cost, as well as whatever fee you pay per market. It's usually around $25/week.

[ - ] Endo_Aryan 4 points 2 monthsFeb 20, 2024 11:31:50 ago (+4/-0)

This is a really good idea. We don't have a crepe guy but there was a gourmet grilled cheese stand where the sandwiches cost $8 and there was always a line. Another guy only sold pineapples, he had a corer-press thing that cut the rind off in one motion and he'd package the fruit in a Tupperware container. Cash only. His setup was just a chair, his press, and a box of pineapples.

[ - ] PeckerwoodPerry 4 points 2 monthsFeb 20, 2024 12:12:02 ago (+4/-0)

I've done it before and I know exactly what it entails. It wasn't mine though. I wrote the menu, I did all the food ordering, I did all the prep, and I made the crepes. Occasionally I had help running the register, but not always. We were getting $10 for a sweet crepe and $12 for savory. I made pesto and a sauce called Krishna dressing. I still have all the recipes. I just don't have start-up capital. Thinking about leveraging my wife's status as a green card holder to scam the government for a grant or loan. They'll think they're helping a spic but will actually be helping a peckerwood.

[ - ] Endo_Aryan 1 point 2 monthsFeb 20, 2024 14:37:45 ago (+1/-0)

I wish I was a philanthropist so we could help our own instead of relying on the (((banks))). www.gofunddeez.com lol

[ - ] Gowithit 1 point 2 monthsFeb 22, 2024 10:23:45 ago (+1/-0)

I told my husband to do this years ago. I'm surprised your wife hasnt encouraged you to take advantage of this before. Remember when Obama was just throwing those minority women grants out like candy? He doesnt like taking risks so it was always a no go.

[ - ] PeckerwoodPerry 0 points 2 monthsFeb 23, 2024 08:11:43 ago (+0/-0)

I'm pretty risk aversive too, we're only talking about $10k. I know what I'd be getting into, and my plan still leaves a couple days free a week to work or rest. Doubt it would make me rich, but I'd be happier.

[ - ] HeyJames 0 points 2 monthsFeb 22, 2024 10:17:43 ago (+0/-0)

They'll think they're helping a spic but will actually be helping a peckerwood.

Hilarious!

[ - ] x0x7 6 points 2 monthsFeb 20, 2024 12:07:56 ago (+6/-0)

Don't do the restaurant. The failiure rate, the labor effort, and the best case ROI, the unrecoverable initial cost, is not worth it. And $10k wouldn't get you in anyway. Also it is a shrinking industry. Social trends are away from it.

Try the Jerky business. I've become a fan of the idea that you need to try multiple things. Something is either a flop or it isn't and you can't know without trying. The only way to get your odds of success to an acceptable level is to try more than one thing and see what takes.

Write out 15 or 30 business ideas. Take the top four. Do a minimal experiment in all four. Whatever feels most promising after having actually done a little is the idea that deserves expansion. What I'm suggesting is if you can keep these experiments in the few hundred dollar range each that would be best because it would be better to blow the majority of the $10k on the thing that needs expansion.

Then take your second best idea and keep it half open. You never know if that idea was actually good too but just needed some time to take and it gives you some diversity.

Now you said no shitcoin pitches. I'll say this. I will work for you for free if you let me help you integrate crypto payments. To me that is important morally to not have businesses that are 100% dependent on jew fiat. To the point I will work for free to help businesses have other options. Probably best to get some small volume first though, then hit me up. There are reasons why it is smart regardless of the volume you think you'll actually do with it, both for price discrimination reasons and promotion. If you accept crypto there are a lot of ways to get your name out there for free and websites that will actively promote your product without you spending a cent.

[ - ] The_Duke_of_Dabs [op] 2 points 2 monthsFeb 20, 2024 12:13:16 ago (+2/-0)

That's a great response brother. Thorough and well put. I would use crypto as a form of payment with whatever endeavor I choose, I just wouldn't put my own cash into getting it. I learned about bitcoin when it was 12.74$ and my cousin used the silk road; had the chance to drop a grand but couldn't for the life of me find out how to buy it.

[ - ] Monica 0 points 2 monthsFeb 20, 2024 18:50:59 ago (+0/-0)*

It was 12.74 when you tried to get into but you couldn't figure out how. now it's 52,000 dollars and you call IT shitcoin. LOL

$1000 would've bought you 78.49293563 BTC. sold for $52,000 = 4,081,632.65276.

You're the shitcoin. Go get that jew loan faggot. Dumb ass.

[ - ] Not_a_redfugee 4 points 2 monthsFeb 20, 2024 13:22:56 ago (+4/-0)

2 girls at the same time

[ - ] Clubberlang 0 points 2 monthsFeb 20, 2024 20:05:53 ago (+0/-0)

[ - ] RedBarchetta 1 point 2 monthsFeb 21, 2024 21:45:33 ago (+1/-0)

Until you start writing it correctly, your $10K wont be worth anything.

[ - ] beece 4 points 2 monthsFeb 20, 2024 10:16:05 ago (+4/-0)*

You'd be better tossing the $10 grand on hookers and blow instead of a restaurant. My neighbor trained in france with renoun chefs to be a chef. As he was somewhat of an astute businessman, he figured a restaurant would be a perfect fit. He knew some rich folks who liked his cooking, he figured it would be easy since he could get cheap financing.

It wasn't. He tryed 3 different concepts, all of which saw great reviews for the food and the places got busy. In the end it wasn't enough. He just gave his dream up and walked away from #3, feeling like a total failure.

If you're going to do a beef jerky thing, suggest you work at a commercial jerky maker and see if it's really for you. Buying and burtering downer cows to shave money might not be as fun as you think. If not, having a tight well reviewed business plan would be recommended.

Good luck!!

[ - ] The_Duke_of_Dabs [op] 0 points 2 monthsFeb 20, 2024 11:50:49 ago (+0/-0)

What do I look like a Bender? belch

[ - ] Hobama 0 points 2 monthsFeb 20, 2024 15:02:02 ago (+0/-0)

I second this. Better investment of time and money.

[ - ] Hall_of_Cost 3 points 2 monthsFeb 20, 2024 16:06:35 ago (+3/-0)

What about a down payment on a patch of land? Start growing food there and hunting. You can camp out there or build a little cabin. As time goes on, the value of the land will go up. It's a better investment than shitcoins and stonks, and you can use it right away. Maybe even put up a greenhouse or try your hand at mushroom farming to supply your restaurant buddies. Lots to do with a few acres.

[ - ] OnTime 2 points 2 monthsFeb 20, 2024 16:41:24 ago (+2/-0)*

Productive land is the best long term investment one can make.

-You can control the key to a productive life for you and your offspring.

-No more land can be created.

-Furthermore, making unproductive ground productive is a difficult undertaking, so generally speaking, no more productive-land can be created (at least in an economically sound. large-scale manner).

-More and more productive land is destroyed with each passing year as development swallows up farm ground.

-More productive land is required to produce non goyslop, nutritious food including healthy proteins and healthy produce (especially compared with goyslop GMO grains.)

-So productive land will only become more valuable as time goes on.

-Finally, buying land is Biblically sound in my view.

Especially versus any other earthly thing you can purchase:

“Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal, but lay up for yourselves treasures in heaven where neither moth nor rust destroys, and where thieves do not break in and steal. For where your treasure is, there your heart will be also.” -Jesus
Matthew 6:19-21

[ - ] Indoctrinated_USA 0 points 2 monthsFeb 20, 2024 18:46:53 ago (+0/-0)

This is only true if you can make the payment AND pay the taxes on it in times of hardship.
My great grandparents lost the home they owned outright eight years into the depression because of taxation.
When USD collapses, it won't be a downturn so much as a reckoning.
If the total spend is $10,000, at this point I could not recommend saving for a down payment, we don't have that kind of time.
It's best to convert that value out of currency.

[ - ] The_Duke_of_Dabs [op] 1 point 2 monthsFeb 23, 2024 14:52:29 ago (+1/-0)

Thanks bro and yeah we already have 5 acres and our house is paid in full

[ - ] WanderingToast 3 points 2 monthsFeb 20, 2024 14:27:57 ago (+3/-0)

Consider a 'DARK KITCHEN'

You just rent a commercial kitchen, get listed on delivery apps.
It's a way to start a food place without the overheads and risk of a brick and mortar restaurant but with more scalability than a burger van

[ - ] fnbs 3 points 2 monthsFeb 20, 2024 13:55:52 ago (+3/-0)

$10k is not alot of money these days, 3 months rent and its gone, dont "open a restaurant"..lol....thats just dumb...just hold it for a rainy day

[ - ] texasblood 3 points 2 monthsFeb 20, 2024 11:34:21 ago (+3/-0)

Jerky is a deep hole that gets expensive quickly.
Ran the local circuit in three states for 23yrs.
Legit dried protein without chemicals only fits a few.
It's been 2yrs since and I was at $60lb running 120+lbs of dried meat working 70hrs

[ - ] The_Duke_of_Dabs [op] 2 points 2 monthsFeb 20, 2024 11:37:36 ago (+2/-0)

It's getting to be more popular again. Nearly every guy that worked at my factory ate jerky. And that's just one place.

[ - ] texasblood 2 points 2 monthsFeb 20, 2024 12:52:20 ago (+2/-0)

I've got two places with in 50 that are running 1000lb batchs daily.
3hrs from here they are processing 16+ proteins on rotation.
4K lb in beef alone weekly.
Some of the antelopes are crazy good.

[ - ] The_Duke_of_Dabs [op] 2 points 2 monthsFeb 20, 2024 12:54:12 ago (+2/-0)

Exactly and I have plenty of beef farms around me to get grass fed grain finished beef

[ - ] texasblood 2 points 2 monthsFeb 20, 2024 13:10:35 ago (+2/-0)

Grass fed plenty good for jerky.
The grain only adds cost to a difference that's undetectable in finished product except for overhead cost.

[ - ] letsgetit 3 points 2 monthsFeb 20, 2024 10:58:05 ago (+3/-0)

Buy a gold bar if you want to retain its value long term

[ - ] The_Duke_of_Dabs [op] 1 point 2 monthsFeb 20, 2024 11:38:36 ago (+1/-0)

I was going to buy some gold, but I haven't checked the local gold and silver places in a minute on coins and bars.

[ - ] texasblood 2 points 2 monthsFeb 20, 2024 12:57:36 ago (+2/-0)

It's not hard to understand.
Don't buy coins,buy rounds and bars.
Spot price is market.
Dealers mark up $3-$4.00 per ounce
Always pay with cash.
Edit for link:
https://www.kitco.com/

[ - ] deleted 0 points 2 monthsFeb 20, 2024 15:42:25 ago (+0/-0)*

deleted

[ - ] Indoctrinated_USA 2 points 2 monthsFeb 20, 2024 15:48:20 ago (+2/-0)*

Don't buy local.
Buy cheap.
Local is guaranteed to be the most expensive.
Also, you don't have enough to worry about any real amount of gold.
Silver is suppressed due to paper market manipulations, small money goes to silver to get big IF a currency is in sharp decline.
Monument Metals is okay.
APMEX is expensive but reliable.
Hit reddit to see where the Wallstreet Silver sub is buying from, don't even need an account. I used to get most of my financial news there... Did well with it too... Then there was some faggot-tier drama and it wasn't nearly as valuable after that.
But, they'll still know where the cheap silver is.
Remember, DON'T buy coins.
DON'T buy junk silver.
Buy rounds that clearly state their weight and their purity.
Go for the cheapest you can justify - no one needs Luke Skywalker rounds at $1.29 premium relative the APMEX branded silver - you're there for the metal, not the collectibles market - those guys are chumps.
You want rounds because you can transact in them, fractionals if you can justify the mark-up, and bars to store value.

[ - ] Prairie 0 points 2 monthsFeb 20, 2024 16:02:17 ago (+0/-0)

/r/silverbugs is also good

As for price, look up current gold spot per oz. and buy as close to that as possible. This will weed out the numismatic garbage that's overpriced.

[ - ] Indoctrinated_USA 0 points 2 monthsFeb 20, 2024 18:43:08 ago (+0/-0)

Absolutely.
Solid Advice for sure.

[ - ] OnTime 1 point 2 monthsFeb 20, 2024 16:04:12 ago (+1/-0)

Use this price search engine for silver and gold purchases:

https://findbullionprices.com/

Lowest mark up type of PM right now:

https://findbullionprices.com/closest-to-spot/?category=silver&type=&weight=10&fractional=0

[ - ] letsgetit 1 point 2 monthsFeb 21, 2024 02:42:14 ago (+1/-0)

my man. appreciated. I also echo your land sentiments however there's a big difference between a shit plot vs a productive plot. So many additional things to account for when buying land. Flood zone, prior usage, county, neighbors, taxes, resaleability, ground water quality, etc.

[ - ] OnTime 1 point 2 monthsFeb 21, 2024 17:03:00 ago (+1/-0)

Nothing in life that is both good AND long-lasting is ever easy.

Buying productive land included.

But in my view, despite it being somewhat difficult, buying good ground is one of the best things one can do with their time, energy, and productive capacity on this earth.

[ - ] Rowdybme 3 points 2 monthsFeb 20, 2024 10:26:59 ago (+3/-0)

Go on a vacation. Memories are the only thing money can buy that's worth anything.

[ - ] The_Duke_of_Dabs [op] 4 points 2 monthsFeb 20, 2024 11:39:50 ago (+4/-0)

We already have money for vacation, and the kids are too young. An extravagant vacation has to be when the kids are between 8-12. That's when most of their childhood memories are formed. Or at least the most impact full one.

[ - ] VitaminSieg 2 points 2 monthsFeb 20, 2024 12:32:04 ago (+2/-0)

Terrible idea

[ - ] TheOriginal1Icemonkey 3 points 2 monthsFeb 20, 2024 10:17:06 ago (+3/-0)

Unless you have extensive experience in the food industry, such as kitchen manager, head chef, etc., I wouldn’t dive into a restaurant deal. Food is low margin, the money is in the liquids like alcohol. Most restaurants don’t make it past two years. Most that do, are opened by restaurant groups and it’s not their first rodeo.
I think the jerky thing is a better bet, but I would cash flow it if you can. Don’t mortgage your paid for house for anything.

[ - ] The_Duke_of_Dabs [op] 2 points 2 monthsFeb 20, 2024 11:40:42 ago (+2/-0)

I do I was a chef until covid.

[ - ] TheOriginal1Icemonkey 1 point 2 monthsFeb 20, 2024 13:44:29 ago (+1/-0)

Oh, then it might be just the thing for you. I have a good friend who was an executive chef at a high end international hotel chain. She now runs a successful high end catering business, but it took all that corporate kitchen management experience to make it happen.

[ - ] CoronaHoax 2 points 2 monthsFeb 20, 2024 15:54:36 ago (+2/-0)

Take this course. I wouldn't partner with anyone who hasn't taken it in entrepreneurship endeavors.

It'll answer your question on what you should do with your money in entrepreneurship and it'll become so clear it'll become easy.

https://online.wharton.upenn.edu/entrepreneurship/

You can finish each section in like a week and the first section is 80% of the very most important stuff, second section like 18% and fortifying the first section, and the other 2 some good stuff.

[ - ] PotatoWhisperer2 2 points 2 monthsFeb 20, 2024 15:46:37 ago (+2/-0)

Pay off any debt you may have. Start with the smallest and work your way up.

$10k is emergency money. Especially if you have kids. Keep it for when shit breaks and you need to pay an expert to handle it while you go to work or whatever.

Then save more. Build up a pantry of goods. Dry goods in buckets, canned goods, whatever. A couple months of stuff is just a good idea these days.

Ammo, guns, workout equipment, gardening equipment, generators or self-built solar power with batteries, etc. Stuff to get you less dependent on the collapsing civilization around you.

If you are in your own home on your own land, look into a source of water. How to get to it, clean it, and so on. This could be cheap, or horridly expensive, depending on where you are.

As you do this, you will begin to save even more money. Put that towards whatever.

[ - ] Indoctrinated_USA 2 points 2 monthsFeb 20, 2024 15:20:10 ago (+2/-0)*

I make my money in finance and currency trading.
I work for myself and have experienced sufficient success that I was able to buy my homestead cash.
USD has entered into a death spiral, or debt bomb, however you want to look at it.
It's important to understand this is not a collapse but a hostile takeover.
Things are going to get rough over the next three to five years.
There is very little you can buy that is worth your currency.
If it were me and you did not already own real property, I'd take half of that and buy 1oz silver rounds, a 100 oz bar, and some fractional gold if you're interested.
Precious metals aren't investments, they're life preservers in the event of a hyper-inflationary environment.
Yes there is the historic correction, but, in general being able to transcend currency is a profoundly valuable ability.
No, it's not sexy, and owning old world money comes with old world security concerns but there are few things you can buy right now as a renter that can produce as much utility in your mid-term future.
Look to the role of silver relative Venezuela's VED and VES over the past ten years.
Of course this isn't financial advice, just a general statement about what I would do if I encountered an unplanned $10,000 sum of currency.

[ - ] ruck_feddit 2 points 2 monthsFeb 20, 2024 14:42:15 ago (+2/-0)

Jerky is saturated. There's 85 off-brands in the gas stations besides sasquatch jerky and even Doritos are in on it now.

Get quail, hatch more, drop off eggs to grocery stores. Your kids can manage the simple daily legwork.

[ - ] Bottled_Tears 2 points 2 monthsFeb 20, 2024 12:52:43 ago (+2/-0)

Put it into a HYSA while you're deciding on the business you want, plan it out, and when you're ready take out the money plus the tiny bit from interest you earned.

[ - ] The_Duke_of_Dabs [op] 0 points 2 monthsFeb 20, 2024 12:56:32 ago (+0/-0)

Thought about that. 5.7% is the highest I've seen which is great but it really only pays if you have like over 100k in

[ - ] Prairie 2 points 2 monthsFeb 20, 2024 16:03:50 ago (+2/-0)

That was going to be my suggestion. Lots of high-yield savings accounts, around 4.3%. Several have $100-$200 bonuses if you move $10-$25K initially.

[ - ] OnTime 1 point 2 monthsFeb 20, 2024 17:12:41 ago (+1/-0)

Look at the savings account from All America Bank. Reputable, small bank out of Oklahoma. In my experience has the best Savings account rates. Should be in the neighborhood of 4.9x%.

[ - ] Prairie 1 point 2 monthsFeb 20, 2024 17:17:25 ago (+1/-0)

Link to their page about savings account

Looks like the requirements are somewhat limiting: must make 10 purchases with their card each month, high rate is limited to $15k. But it is open to anyone if done online, not just in-person.

[ - ] OnTime 0 points 2 monthsFeb 21, 2024 16:56:12 ago (+0/-0)*

That’s their checking product. (I see little benefit in that as I have no interest in that level of fuckery haha.)

I meant this one - it’s quite a good rate at 5.05%, and little to no effort is required:
https://allamerica.bank/personal/banking/checking/mega-money-market-checking

[ - ] Prairie 1 point 2 monthsFeb 21, 2024 22:35:46 ago (+1/-0)

Ahhh, for some reason I thought money market accounts weren't "insured", but they are. Looking this up lead me to a list of other 5% banks and even some 7% ones, with monthly hoops to jump through.

[ - ] OnTime 1 point 2 monthsFeb 23, 2024 13:42:47 ago (+1/-0)

Yes, good call. I appreciate the link. The jump through hoops type of account I have zero interest in at any savings rate.
I will leave it up to you, but the AAB MMA that is paying 5.05% right now has been pain free and easy to use. To me the best part has been, in my experience at least, is that over the last five years, even as prevailing rates in the market change, they have consistently paid high rates vs other banks - which has not been my experience with other savings accounts I’ve had at other banks (where they will have a high intro rate then lower in six months later, etc.).

[ - ] OnTime 0 points 2 monthsFeb 20, 2024 17:15:28 ago (+0/-0)

What institution do you see 5.7% being offered from ?

[ - ] PhantomXLII 0 points 2 monthsFeb 20, 2024 13:30:00 ago (+0/-0)

If I ever won $10 million, that shit is paying off everything and the rest is going straight into a HYSA. Live off the interest.

But then again it would be inflated away. Would probably be smarter to invest in something or something. Idk. I'm not exactly planning on having even a million to my name so long as I live so whatever.

[ - ] Artificial_Intelligentile 1 point 2 monthsFeb 20, 2024 23:03:16 ago (+1/-0)

10k is just enough to do nothing with it but sleep easy, cause whenever you need some money for some shit, you can just spend it.

buy better shoes, bed (waterbed maybe?)

[ - ] Clubberlang 1 point 2 monthsFeb 20, 2024 19:52:01 ago (+1/-0)

I put it in a 6 mo interest accruing savings account since Florida bank account interest rates are south Florida jewish.

I'm hoping to take a trip through 22 states I haven't been to off of the interest.

[ - ] RMGoetbbels 1 point 2 monthsFeb 20, 2024 17:50:14 ago (+1/-0)

My first thought was to go in on making my own jerky company.

Niche startups have something like an 80% failure rate. You may like it, it may even be the greatest jerky on the fucking planet but, it's a fad and a once in awhile treat that turns into something forgotten in about 3 months.

The second was getting a loan for a restaurant.

Restaurants generally fail after 2 years.

besides from saving up to buy my house for cash 5 years ago

Renovate your kitchen. On average it increases the sell value of your house dollar for dollar unlike so many other upgrades.

[ - ] WillisJaxson 1 point 2 monthsFeb 20, 2024 17:05:59 ago (+1/-0)

Not to sound grim, but if you have a place that's close to your heart you might consider a couple burial plots. Not so much for the investment, but something you won't have to worry about in the next fifty plus years.

Or a nice greenhouse might prove useful depending on your climate.

[ - ] Not_C 1 point 2 monthsFeb 20, 2024 16:04:28 ago (+1/-0)

Start with jerky. Make some money, Get a building, equipment, etc.
Then begin butchering your own meat. Get good at it. Then butcher for others. Deer, beef, pork.
Once your business is running at a good pace, allow locals to order half a pig, or half a cow form you. Buy the animals straight from local stockgrowers.

With the rising cost of food.... I mean with our money plummeting in value, buying half a cow locally, having it butchered locally, and going straight into your freezer is significantly cheaper than buying meat from the grocery store.
And you have some control over what is getting injected and fed to the animal.

[ - ] Merlynn 1 point 2 monthsFeb 20, 2024 15:50:51 ago (+1/-0)

Why not both? Make your own jerky and sell it in vending machines in high foot traffic areas. Be sure to advertise the "no chemicals" angle to it.

[ - ] GottaGasEmAll 1 point 2 monthsFeb 20, 2024 14:49:06 ago (+1/-0)

Jerky company 100%. We should all own our own businesses making things.

[ - ] Scyber 1 point 2 monthsFeb 20, 2024 13:55:33 ago (+1/-0)

Don't put it in Ethereum or Internet Computer Protocol cryptos even though they'll be the future of Web3, DeFi and so much more.
You should definitely open a restaurant and serve goyslop. It's your passion.

[ - ] TheNoticing 1 point 2 monthsFeb 20, 2024 13:04:06 ago (+1/-0)

I'd probably build a $1000 PC, and maybe buy a new guitar too.

[ - ] Smedleys_Butler 1 point 2 monthsFeb 20, 2024 13:03:09 ago (+1/-0)

Kebab hut

[ - ] Sector2 1 point 2 monthsFeb 20, 2024 12:20:19 ago (+1/-0)

Forget the jerky unless you're so good at marketing you can steal customers from the thousand other jerky sellers. Burning the $10K in your firepit would be a better bet than the restaurant, AND you'd still have your house...

If you still want to do food, maybe you could squeeze into the freeze-dried food market? Remember you'll still need the marketing skills to end up having customers.

If I were you and wanted to make and sell something, I'd look for wholesale opportunities that would bypass the marketing and dealing with the public headaches. I'd also look for high risk - high return opportunities where I had the skill or ability to mitigate the risk. (unlike most everyone else)

Sit down and literally make a complete business plan before you spend any of that. It will force you to answer tough questions about how viable your potential business really is.

[ - ] The_Duke_of_Dabs [op] 2 points 2 monthsFeb 20, 2024 12:51:35 ago (+2/-0)

My wife wanted to do the freeze dried thing. She's all on board for that

[ - ] Sector2 2 points 2 monthsFeb 20, 2024 13:19:08 ago (+2/-0)

It could be a thing if you're good at the marketing part. Good luck with the process of figuring out your plan.

[ - ] The_Reunto 1 point 2 monthsFeb 20, 2024 10:43:44 ago (+2/-1)

Save it for your children's education

[ - ] The_Duke_of_Dabs [op] 4 points 2 monthsFeb 20, 2024 11:36:26 ago (+4/-0)

Why would I want my kids being indoctrinated into the system? Why would I save money for them to go somewhere where they'll be taught to hate me and their ancestors?

[ - ] letsgetit 3 points 2 monthsFeb 20, 2024 10:57:31 ago (+3/-0)

Inflation is a bitch though. Need to put it in something

[ - ] FluffyBunnySlippers 0 points 2 monthsFeb 20, 2024 13:42:43 ago (+0/-0)

Cash is king. Try to hang on to as much of it as possible for your money making ventures, start small if you can, get loans if you can. You can either walk away from them if there is no money in it or pay them off immediately if there is.

I suspect based on you posting this question that you aren’t seriously committed to either plan and would just be wasting your money.

[ - ] TheBigGuyFromQueens -1 points 2 monthsFeb 20, 2024 12:44:45 ago (+0/-1)

U NEED A CUBAN LINK N A MATCHIN BRACELIT

[ - ] Monica -4 points 2 monthsFeb 20, 2024 10:05:49 ago (+2/-6)

You're retarded. No shitcoin pitches... yeah get a loan from the jew you kike loving faggot. Get a few corona clot shots while your at it. Dumbass nigger.

[ - ] The_Duke_of_Dabs [op] 10 points 2 monthsFeb 20, 2024 10:28:49 ago (+11/-1)

I think you should calm down tuggernuts

[ - ] goatfugee12 7 points 2 monthsFeb 20, 2024 10:47:22 ago (+7/-0)

today must have been a dialation day. hes on his period.

[ - ] The_Duke_of_Dabs [op] 2 points 2 monthsFeb 20, 2024 11:44:25 ago (+2/-0)

You can tell it's a youngin. Do you remember that fire? It still burns in me, but it burns for my children and that is what I think drives most men.

[ - ] Monica -3 points 2 monthsFeb 20, 2024 10:39:46 ago (+1/-4)*

Oh I should calm down. It's OK for you to insult other people and call a great temp investment a "shitcoin" but I should calm down. No fuck you boomer. Open your restraunt with a jew faggot pedo loan and get your shots you dumb nigger.

BANKS ARE OWNED BY THE JEW

You can claim bitcoin is "OWNED BY THE JEW" all you want but you have NO PROOF.

Yet here you are, one stupid dumb fucking retard nigger saying you're thinking about giving away all your money and becoming a slave to the jew and how it's better than "shitcoin".

You're a fucking retard jew loving boomer faggot. Eat shit. Take shots.

And on top of all that you ask for help then self censor the people that could actually help you. You're an idiot just asking for some jew to steal your money and home.

[ - ] PeckerwoodPerry 6 points 2 monthsFeb 20, 2024 10:50:31 ago (+6/-0)

I don't think he was trying to attack you personally muh nigga.

[ - ] The_Duke_of_Dabs [op] 1 point 2 monthsFeb 20, 2024 11:46:51 ago (+2/-1)

It's like you can trigger them by calling them paper hands or hodl or Elmer fud

[ - ] ItsOk2bArian 3 points 2 monthsFeb 20, 2024 11:30:01 ago (+4/-1)

You should calm down Cunty McCunterson, all that rage isn't good for your health. Also cryptocurrency are shitcoins, you're dumb

[ - ] The_Duke_of_Dabs [op] 2 points 2 monthsFeb 20, 2024 11:45:34 ago (+2/-0)

Too many meds. The doctors are real quick to put their patients children on drugs nowadays for anything.

[ - ] Monica -1 points 2 monthsFeb 20, 2024 18:49:01 ago (+0/-1)

You said you want to take a fucking jew loan you fucking kike lover. Fuck off.

[ - ] BushChuck 1 point 2 monthsFeb 20, 2024 13:06:34 ago (+2/-1)

lol, sperg harder.

Eventually we are sure to care.

[ - ] Monica 0 points 2 monthsFeb 20, 2024 18:56:06 ago (+0/-0)

https://pomf2.lain.la/f/f3w6psfu.png

Dude was too dumb to buy when BTC was cheap so now he hates on it. https://pomf2.lain.la/f/f3w6psfu.png

[ - ] BushChuck -1 points 2 monthsFeb 21, 2024 01:40:49 ago (+0/-1)

No. I sold the last of my btc when it was at ~$70k.

I still own a fuck tonne of Monero, and litecoin.

Please continue to make your sperg fueled assumptions.