Archived threads in /biz/ - Business & Finance - 7763. page

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So, I just recently acquired a job that pays more than 9 bucks an hour.

Having an extra hundred a week or so, I've been blowing it. I bought another gun, a few new video games, a computer, a big bedroom TV, and a second car.

But, now I'm thinking more longterm and would like to make more money with my money.

Give me some basics, some ideas, and some help.

I don't even have a bank account, I handle everything wish cash.

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ITT: Would you invest?

Take a look at this graph, and explain, while only using this graph, without image searching it in google, why you would or wouldn't invest

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How long do you have to be self employed before you can get a mortgage? I've been self employed for 9 months and have over $60K in savings and would like to buy a house.

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What's a good blue collar job to train for? Im not stupid but if im being honest with myself I don't really have the motivation or self control for anything more than a year or so of schooling. I just want a job with decent pay without backbreaking work.

Welding?
Carpeting?
Trucking?

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How do I make millions off of the misery of college graduates who are $100,000 in debt?

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I'm 26 years old, currently living with my parents. I make ~60k a year, have 20k saved in my checking account, and I have $430 a month car payment to make with like 5 years to pay it off. My question is, what are my best options to make money with the 20k I have in the bank. I'm currently saving for my own house, but I don't plan on doing that for at least another year or shit maybe even two.

I've thought about possibly flipping houses, and maybe having my father be a partner in that seeing as how he used to frame houses, and built his house and did everything besides pouring the concrete and plumbing. The way I see it is I'm young and have 20k that would be nice to turn into at least 30k by this time next year. Anything more than that would obviously be fantastic, but I'm not sure where to start. I'm good on the retirement front right now so I'm trying to do something more short term to increase my net worth

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My GPA is fucked atm and I want to transfer out of the shitty state school that I'm at currently. I'm a sophomore with a CS degree plan and a 3.1 GPA. This last semester was very tough on me and I had to drop most of my courses. Not due to partying or anything, but because my father recently passed away and I haven't been able to cope really well with it.

The thing is, I want to try and get a job in finance. Is there anywhere that I can transfer to that offers a good program in finance? Or am I SOL? Money doesn't matter, as my father's estate will pay for it.

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>18
>just recently dropped out of high school because I hate it
>Don't plan on going to college until I have the money in full because no student loans for the rest of my life
>making $350 a week after taxes as a contractor (manual labor) with a family member
>Only paying $150 a month for electricity since I live with girlfriend and her obese mom
>crummy car but I passed emissions with no service errors today so I don't think it'll explode any time soon
I plan on saving money until I can buy a tow-camper and resell it for more and continue doing that until I can buy property.

How screwed am I, financially for the future?

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I was born and raised near New York City, but I'm trying to move to Charlotte, North Carolina because there's more opportunities there for me to work in the field I want to (Sports Marketing, specifically Auto Racing). I have a few job interviews next month with some unrelated companies, but I got some questions initially about my applying from out of state. Now, I feel like I have to prepare myself for people questioning why I would decide to leave the economic capital of the entire world to pursue a career in a smaller city instead.

I personally know why I'm doing it (High cost and low quality of living, working in NYC would mean living with my parents, etc.), but I'm not quite sure how to frame it as a professional in explaining myself to potential employers. Has anyone on here ever left a big-time city to start a career/life in a smaller market, and how did you explain it to others?

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Why aren't you saving for retirement already?

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I found a really nice location in my city next to a few local high schools. I was thinking that it would be a good investment to open up a nightclub for teens. The marketing would be the word of mouth and people would just talk about it and I would tell friends to hype it up and after the first night, the nightclub would either make it or break it.
I was wondering how much money I would have to invest and if it would be possible to make a profit charging 10-15$ a person a night. The expenses would be lights and strobes and seating such as couches and tables. I could ask for rent to be free until we make a profit since the room hasn't been rented for a while.
The music would be through DJs who aren't too well known but can still play good music so that would be free or very cheap. There's a pizza place downstairs and I'm sure they would offer free pizza as a promotion. Security would be buff friends of mine and an off duty cop just hanging out in the parking lot or something.
It's pretty ambitious and risky, but if it does I'd like some kind of business plan to follow to make sure I don't lose money straight off the bat. It all depends on how many people go and keep going so the first dance would have to be impressionable. It would probably be twice / three times a month if anything, just a giant party but organized and risk free for teens.

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I'll put it in greentext as tradition here.

>I am 28
>living in the city of Windsor, Ontario. unemployment capital of Canada
>I dropped out of engineering @ the university a few years ago
>currently living in my mother's basement, going insane and impatient
>I have to pay $2400 to go back to school
>Thinking about computer science, already have some of their courses. possibly 2 years to finish. Already know basics of coding
>any job i find, will be $10/month (I have security guard license)

What should I do? I feel like I should get in my uninsured car and drive far far away, with no money, and just start new.


Should I go back to school? Can I fake my degree or something and get a job?

/biz/ is based sometimes.

Help me make a decision please. I can't take it anymore. I haven't held my chin up for so long.

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As someone who knows next to nothing about economics (studying in the health care field) and someone who admires Thomas Sowell I decided to pick up pic related and although I have made it through the first three chapters, I find it really hard to imagine how anyone could be against a free market society in favour for government fixed pricing such as the "fixed rental prices" he talks about and the fixed pricing of food products that causes unnecessary surpluses of food that keep those same food products priced well above their market values.

TLDR; Have people who support communism and socialism read this book and what were their thoughts on it?

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Free marketers, how do you solve this without government intervention?

>Company A has a monopoly
>Startup B challenges the monopoly
>Company A drops their prices and floods the market. Startup B fails
>Company A buys Startup B on the cheap
>Company A therefore has maintained it's monopoly

Because it takes a while for a startup to gain economies of scale, they won't be able to compete with the large monopoly. And the monopoly has a lot of leeway to lose money and eat into their cash reserves if they should so choose, crushing the start up like a bug.

This dynamic is currently playing out between the Saudis and the fracking companies in the American Midwest. The Saudis dropped their oil price as low as they could to drive the small fracking operations out of business. It costs a lot of money to build up the infrastructure of these operations, you can't just run out and start a new fracking company the minute the Saudis raise the oil price.

My idea was that finance could fill the gap. Keep the startup alive until it was big enough to compete, and break the monopoly once and for all. Unfortunately, I believe finance would be on the side of the monopoly, not the other way around.

How do you solve this? Free market purists hate the idea, but I think you need government to come in and break up these monopolies.

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Is buying Gold and Silver actually a good investment or just a meme? The price has been tanking recently and I might buy some.