Out of nowhere your parents give you a check for $10,000 as a Christmas gift. What would you do right now to turn that $10,000 into significantly more money over the course of the next few years?
>>61566377I couple hundred kneepads so I can be comfy working the next few years
1. any high interest debt2. fully load 9 month emergency fund3. food, water, guns, ammo for the coming collapse Now you have a bunch of options but they're all bad. stonks ATH, RE also ATH, gold and silver ATH. i dont think the btc drop is over but given the other options I wouldn't discount that.
>>61566377All in silver and xrp
>>61566377$9000 BTC $500 XMR$500 ETH
>>61566377Stay in cash for now. Cash is king. Buy safe big stocks (crypto is dead) at bottom
>>61566395>prepare for the coming collapse, but also make sure to pay off any debtshuh?
No shade to your parents since I don't know their financial situation, but that amount is really just emergency fund to keep you out of debt like "oh my car broke down, but I can afford a reliable used one instead of taking on a loan" rather than investment money. The stock market will probably have a big correction in the next year or two, not a lot of compound growth to miss out on at 10k. You don't have any other money saved aside from their gift?
>>61566458I have approximately $20k saved outside of this.
9500k into LINK, 500k on picrel
>>61566463I would park 30k cash in a high yield savings account for now, then see what happens if trump's appointee kills interest rates in 2026.
>>61566377I would use it as margin collateral 1:10 and go 100x long on fartcoin.
>>61566477Based
10k into TSLL (sacrifice). 10k Margin into CRF with DRIP at NAV. 10k out of a personal loan thrown into TSLL to increase Margin payoff speed.
>>61566395Silver really was the last thing that was still cheap. Can't think of anything that's cheap right now so going for fundamentals like you said is a good idea. Monero is still undervalued IMO even though it's getting close to ATHs, that's still good value.
>>61566377This actually happened to me in 2022. $10k each to me and my brother. I was afraid to put it in the market until about two weeks ago. I lost most of the buying power holding that cash for 3 years, but the cryptos i'm buying are at all time lows and should recover by 2030.
>>61566377All debts gone? Invest in your human capital first. If you don't have a car and license, get those. If there's some qualification that can get you a higher paying job, get that. If there are no investments like that, think about assets you want to invest in. Do you already have an investment portfolio you think is propped up enough? Feel free to gamble, otherwise first make sure you got some part of it in your bank so you can easily access it in times of need, otherwise invest more modestly so you still got low volatility. In any case: It always pays to improve the lives of the people around you with your money. Get some fresh fruit so you can make them some jam. Give them some thoughtful gifts that might be more expensive. Start a kid portfolio for your young cousin etc.
>>61566575I have about 13k in student debt spread out across 2 loans with 4-6% interest.I have a car and a liscense.I should bake more for my parents, that’s a good idea.
>>61566377>Turn 10k into significantly more moneyLol, I'd be happy if I can retain the value, all this system is a fucking scam that forces you to "invest" and give your money to bankers so they can give loans with high interest to other poorfaggots. I refuse to participate in such a corrupt system
>>61566674>I have about 13k in student debt spread out across 2 loans with 4-6% interest.Unless you'll get punished for it, it'd make most sense to pay off your debts with it unless there's some really good qualification you could get. Gambling it away in some speculative markets will only worsen your life.
>>61566377Step 1 is to pay your taxes. Step 2 is to invest the remaining ~$5000 wisely
>>61566377How would I spend an unexpected tax-free $10K?Car repair I've been putting off, medical care I'm sure I need, replacements for clothes that are worn out or no longer fit, that kind of thing. There wouldn't be anything left for investing, in crypto or anything else.
>>61567166>hour IDthat's a rare ID if I ever saw one
>>61566377Checked. All in LINK or GLNK if you have a brokerage account
>>61566463Honestly just pick QQQ or VOO and wait. It’s not a sexy pick and won’t be the highest possible return, but over the next 10, 20, 30 years you’ll see guaranteed very good returns. You got a free chunk of money, don’t squander it or take risks.
>>61567166>what is the 18,500 annual gift limit
>>61567171this is exactly what happened to me couple a years agomy mom got an unexpected insurance payout 10khad to use it to stay afloatfew years before she had a further 40k, which she didn't share and spent it all on dumb shitToday I fucking hate her and haven't talked to her in over a year
>>61566377Go all in on XMN, get a 100X and you are good for life
>>61566377Buy $10000 worth of LINK of course
>>61566377Buy Gamestop
>>61566377Pay off debt, Berkshire Hathaway, some exxon
>>61566674Get rid of the debt immediately.
I put 10k into RETARDIO on Solana, because it's down 98%. If Memes catch a relief bid in 2026, I'll probably turn that into a million.
>>61566377American nuclear energy, it has no other way to survive. If this doesn't pump nothing but gold and guns will pay off.
I would get a job and save more since 10k is no longer enough to make it in crypto lmao.
>>61566377all in LINK
>>61569051You need brain glasses. Not sun glasses.
>>61566674You should pay off that debt. It’s not much, but better to be clear of student loans entirely. I assume you can pay off $3k in the next 3-6 months
>>61569007>>61569125Alright Ramsey. I guess def the 6% one. It’s def a nice feeling to be free of debt, but when the dollar is down 10% this year and only going to accelerate, I’d leave the 4% one. Wife has a 2.5% student loan one with a much higher balance but it’d be retarded to pay it off early given the current state of things
>>61566377I would charge them a late fee, since it’s after Christmas.
set up a small hog farming operation on one acre.(fencing, breeding stock, shed, cameras, maybe a small tractor)4 sows per acre. each sow can produce 30+ piglets per year. 180 lbs of pork per hog after 7 months, $5-7/lb after butcher cost, probably $4-6 factoring in grain cost. $85-100k/yr. >>61566395platinum
>>61569176Sounds like crowding and unhealthy porkers, but I’m interested in hearing more
>>61569154Ramsey is a faggot boomer but he is right about one thing. Debt is psychological, and it hangs over your head.
By a used car in good condition and get a job or start a service based business. Poor people don't seem to realize that labor is actually one of the most valued commodities. You people want to make money every which way but working. This is deeply flawed.Look at billionaires. They are always working. Yes they understand how to allocate funds as a resource. Much of that goes towards hiring additional labor to achieve goals which they could never do themselves.in a single lifetime. It still comes down to labor Think of it this way. You have a million dollars to work with. You hire just three quality engineers. This might give you three years, if you are lucky, to break even and start making profit. Otherwise you are going to be pressed to seek more funding or go out of business.As infantile as Marxist ideology may be, they did correctly identify that labor is part of a system. You might find opportunity to control access to assets which are valued and sought after by others such that you can sell to them for a great sum than your initial acquisition. That's great. Your acquisition, custodying, and provisioning is also a service requiring labor. Trading of course has long been recognized as a labor. Think of how much you would have now of you earned just six figures over the past five years vs just holding link.tl;dr earn wages, hire labor, continue earning wages
>>61569181you divide the acre into four fenced in areas and rotate the hogs every few weeks, to let the grass grow again. their shed is in the center. look on youtube for rotational hog pasture or hog silvopasture.
Do not start a business LMAO @ the people suggesting this.
>>61566377I hate spoiled faggots like you that get money like that from family, so you can go eat shit for all i care.
>>61569261Most people have much more earning potential from a business than from jobs they are qualified for. If you can get a six figure wagie job, you are probably going to do better with that than with a business. Otherwise, you should be able to at least double your earning potential by running a business.
>>61569154Fine, buy $10k of QQQI and use the monthly dividend to pay down the loans your spread is 8-10%. Happy?Hell it’s probably what I’d do, but there’s no mention of risk profile, other investments, lifestyle, etc. getting rid of student loans is never a bad idea.
>>61569176Did you miss a 0 somewhere? You can’t a worthwhile acre for $10k, let alone put up sheds and fencing in it. Any worthwhile tractor is also over $10k.Post your hogs.
