Hi,
I'm new to the forum and like what I've seen here so far so I want to come up with a question aimed at the more experienced members here and describe my situation.
Until this year I ran a good going eBay business, selling services and other things which over the years generated earings of about 100k which I have now available for further investments. I guess around 10-15k will need to be paid as tax during the year, the rest is basically dead money in the moment.
The problem about my eBay business is that first it is not really scalable but instead rather the opposite and after I lost one of my suppliers who mainly was resposible for my profit a few months ago my earinngs droped to a very low amount.
What I want to say with this is that this business is nothing that could be done forever and in the moment only is a side job that I want to abandon for some new projects and investments.
In this context I want to ask for advices in which direction I should go given that I have around 100k earnings available now.
I have to say that I don't have any knowledge of stocks and also not in estate business what I regret a little bit. I didn't start to build some knowledge in this field as I guess it is too much effort starting from zero without any experience if there isn't any basic experience given and tht it is too risky in this case.
I however have a little time now and will do a big trip through USA next month where I also will have time to read and think about which direction I should go. If somebody should have some recommendation about books that might help in my situation such an advice would also be appreciated.
Basically I want to find something where I could put my whole power in and which in this case will give me something back. I had a few business within the last years which didn't work out well and which only had been a waste of time so I became quite careful with investing time and money. I could imagine beginning something completely new like getting into real estates business but this should make some sense then especially when comming from a totally different background.
Thanks very much in advance and I hope to get a little input from maybe somebody who had been in the same situation and knows how to makes something out of the mentioned amount.
I'm new to the forum and like what I've seen here so far so I want to come up with a question aimed at the more experienced members here and describe my situation.
Until this year I ran a good going eBay business, selling services and other things which over the years generated earings of about 100k which I have now available for further investments. I guess around 10-15k will need to be paid as tax during the year, the rest is basically dead money in the moment.
The problem about my eBay business is that first it is not really scalable but instead rather the opposite and after I lost one of my suppliers who mainly was resposible for my profit a few months ago my earinngs droped to a very low amount.
What I want to say with this is that this business is nothing that could be done forever and in the moment only is a side job that I want to abandon for some new projects and investments.
In this context I want to ask for advices in which direction I should go given that I have around 100k earnings available now.
I have to say that I don't have any knowledge of stocks and also not in estate business what I regret a little bit. I didn't start to build some knowledge in this field as I guess it is too much effort starting from zero without any experience if there isn't any basic experience given and tht it is too risky in this case.
I however have a little time now and will do a big trip through USA next month where I also will have time to read and think about which direction I should go. If somebody should have some recommendation about books that might help in my situation such an advice would also be appreciated.
Basically I want to find something where I could put my whole power in and which in this case will give me something back. I had a few business within the last years which didn't work out well and which only had been a waste of time so I became quite careful with investing time and money. I could imagine beginning something completely new like getting into real estates business but this should make some sense then especially when comming from a totally different background.
Thanks very much in advance and I hope to get a little input from maybe somebody who had been in the same situation and knows how to makes something out of the mentioned amount.
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