Be sure to pay taxes first- get that behind you, then with the remainder, research thru a couple of different banks what they have to offer you. Don’t go to just one bank, credit unions may differ than local smaller banks. Then maybe research what it would take to invest in doing yer own bidness, you may need co-investors, then buy them out at a later date.(You could specialize in not only monuments, but other “items” also, that could be so engraved.) Tough decision ahead, good luck. P.S. the thought of a savings acct. for now- while you research- comes to mind…3% is better than nada while you search……….
What Should I Do With The $8000 I Won In Nevada?
Thats almost half of what I make a year as a gravestone artist in Utah. I’ve heard: Mutual Bonds, CDs, Gold, Options, Real Estate, etc. I’d like to get in on a rising burgeouning company. I’d be a millionaire now if I’d had any money when I first saw the first commercials for Yahoo.com years ago. What does anyone think of GoDaddy.com? What’s the parent company?
Or should I move, use it to get set up in a state with a better economy, a place where I’ll make what I’m worth? (I’m the head artist designing gravestones, doing totally custom layouts that blow our computer cookie-cutter competition away, but I’m making a lousy $12 /hr., and the business is family owned by a senile moron, and barely turns a profit.)
What should I do? I’m taking proposals of any kind, lol.
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9 comments - add yours
pop2nut
October 17, 2009
mark c
October 17, 2009
Always invest in yourself first. The more you educate yourself, the more you make……
If your as good as you say you are as a gravestone artist, then take some money, build a portfolio of your artwork, put together a resume, put it on the internet and get ready to move. Find a bigger company that you can grow with. Then learn all you can from them and start your own company on the side. Once it cashflows, quit the job and don’t look back.
Just MHO……
gandalf
October 17, 2009
yeah, open the same company right next to the senile moron and take all his customers
I'm so crafty, I make people
October 17, 2009
is it enough money to start your own business? if you’re the one doing all the beautiful custom work, then clients will follow you.
Frank Castle
October 17, 2009
GoDaddy is a private company.
I suggest you to open a brokerage account at TD Ameritrade and invest in the ETF DIA.
I also suggest you to save at least half your salary for a while until you have at least $25,000.00 and then drop me a line.
I will help you for FREE.
Top 4 Answerer.
________
October 17, 2009
go to the bunny ranch
Charles C
October 17, 2009
I would put the money in a mutual fund. Dodge and Cox International Fund is a good one. Then get a loan from Prosper.com and try to buy the business from your employer. Then you can run the company, put out some internet marketing. Blanket the country, business will pick up.
Lawrence R
October 17, 2009
I would simply pay any outstanding debt. I think that getting rid of any debt would help you feel a bit more liberated and less like being restricted by debt.
uk paid surveys
October 17, 2009
If you’re living in Utah, I’d definitely say to move out. Invest in a scout. A person who will personally look for a business that is 1, looking for someone with your talent, and 2, is willing to pay a lot more that $12/hr.
I’d also say that moving to a state like Maryland, or Washington whose taxes aren’t outragous and who have strong economies that are only getting stronger.
Don’t invest in stocks that have a parabola effect, or anything for that matter. Invest in something where its only option is to move up.
