Let's talk finance.

I've been asking all corners of the internet this question, and I'm curious to see what answers come up, so far, nothing really groundbreaking or creative. It's always "stonks bro, doggie coins bro" Let's see if this corner brings something else to light.

Let's assume you have a mortgage payment and everything else is paid off, you have generic hobbies.. cars and video games, you work on your own vehicles, and can build a pc, but you aren't some game maker/coding wiz. Outside of that, no real knowledge of how things work, basic education, but that's all. You work 40-60 hours a week, always on the road, and get your weekends at home. During those working hours you aren't near a computer, you have 25k just burning a hole in your pocket... where do you put it to turn it into more money? Is there a market lacking competition? A foreseeable product that needs distribution that isn't yet offered? Or do you simply turn into a slumlord and buy property? Let's get outside the box!

 

I've always valued time in the market over the more recent 'stonks' and short term vision as you say. Although, this year I've missed out on quite the opportunity with the crypto market I'm also not a fan of the risk.

Continuous input into the market is generally a good bet every month. Every pay check put what you can afford to risk, over 10 years you'll reap the benefit. With 25k sat ready, you are also in a good position if there's a market crash where you can get ahead of the curve. You could also look into property investment although in my opinion right now isn't the best time. Other than that, you could look at starting/buying a business that you don't work for, i.e. You have other people run and take the returns.

Diversity is key, I imagine that the majority of people that are balls deep in the crypto market may come to regret it. In my opinion your portfolio shouldn't contain more than 1-3% crypto assets.

 

Turn one of your biggest passions into a source of income. How? That's the tough part you need to find out yourself. Started a certain business and failed? Fine. You get financially burned a bit but the next time you do something similar, you already know some things that you should and shouldn't do.

At 25k, I honestly wouldn't put all that in on the stock markets. Depending on what country you're in, it's necessary to have money for a rainy day.

 

atleast dont put it all on cryptocurrencies, they are so volatile ur 25k could be worth 2k tomorrow. i would put it on fund/trustfund whatever the correct word here is not sure what it is in english but u probably know what i mean. crypto worth a shot but never go all in there. maybe some stocks? invest in yourself. save up something dont invest all of it. just my thoughts, not financial advice.

 

I'd personally suggest a compounding interest account.

Start with the $25k, or even $15k to keep a little in case of any issues, then deposit say... $1k per month? If you're around 20-25 years old, you still have roughly 40 years until retirement (unless you're very lucky to retire early):