Along similar lines as the $110K thread, consider a situation in which you have amassed a small nest egg of $10K. Also assume you live in a major North American city with expensive real estate, own your primary residence with 50% equity, have a steady job paying low six figures and a small side business generating $30K annually with no potential for growth, and have a company defined contribution pension plan that will provide for you in retirement with no additional savings required on your part.
What would you do with $10K sitting in the bank? It's a decent chunk of cash, but not enough for anything substantial.
I'm most interested in niche side businesses that require a moderate capital investment and low time commitment.
What would you do with $10K sitting in the bank? It's a decent chunk of cash, but not enough for anything substantial.
I'm most interested in niche side businesses that require a moderate capital investment and low time commitment.