Message from @Sugar Goat
Discord ID: 728624637457727498
Assets include my truck, my house, and my firearms collection
Don't think $4 is enough. It is definitely a risk. A family friend who is practically my uncle owns a bar that has the perfect location.
He took a risk starting it, but it has turned into a good investment.
$4 to your name?
Holdup
I would venture to guess, being thinking rationally for the time being, that at this moment in my life it's not a great idea.
@Deleted User I'm employed. I actually have less than that when it gets into debt (truck, school, e.t.c.). My job pays well but I did a stupid thing and got into trouble
Probably not. There is a lot that goes into starting a business that you need to be prepared for, so probably best to wait until you have a better footing.
Oof
**bruh**
@The SleepyDragon we wanna keep the general chats uncluttered. Please try to keep memes in any of the meme channels.
@Froski That was my line of thought, but I'm also trying to move forward in life, ya dig?
Noted sorry
Absolutely. @Deleted User Honestly, starting small with investments is really helpful. Maybe talk to a local bank about putting 10% of what you make in a pay period into investments. Allow them to build it up and down the road you may have the funds to start a bar up.
You want ETF funds.
Fidelity.
@Froski I think that smart. Now, what say you when it comes to business partners?
If.you aren't saving for retirement, you're making a mistake.
Are you asking me to be a business partner or are you asking about having partners?
@Froski I'm not asking you to invest. What're your thoughts on having partners
@Sugar Goat Bro, my savings went away with court costs and attorney fees. I did it to myself, I can't complain, but I'm gonna invest in precious metals starting anew
Partners are great, because it relieves stress from yourself, but you need to make sure it is somebody you trust. If you don't trust that person with 50k, do you really want to be in a potential business with them?
Yikes nooooo
Don't buy gold now
It's high
And gold's price is just measure of how well the US economy is doing compared to the Chinese economy right now lol
What experience do you have in the restaurant industry?
@Sugar Goat I'm not through the legal forest rn. When start anew I'll assess how all the metals are doing. It doesn't seem like you can lose too terribly much in that market, especially after paper currency crashes.
In terms of experience; none. But I ain't too terribky dumb, and my parents had a couple businesses for awhile, so I have at least someone to bounce ideas off of.
Yes, you can lose your shirt. People do all the time.
You should be working in restaurant management now.
Restaurants are very hard to keep in the black. Super thin margins.
Landscaping and maintenance is a much less risky venture.
Good morning
I probably only gravitate towards a bar because that's my own vice. It'd likely be smarter to start in a landscaping business. The only issue is that I live in an incredibly rural area. Not too many people will pay for that. You know what hicks do love? Being a hick I can say that we love to drink.
@Speshel Pandaz Morning
You definitely should not own a bar then. Lol.
Hi
I remember Biggie's 10 crack commandments. One of which is never get high on your own supply. I take that to heart.
Honestly, don't go gold or metals. What you want money in, investment-wise, tends to be technology. Tech has been leading the curve in the recovery and makes it a bit more secure. For example, XLK, which has been doing wonders for my investment portfolio.