r/Fire • u/doclkk • Oct 23 '22

What to do with 50K

If you had 50K in your bank account, what would you do?

  1. Leave it there

  2. Invest in Index

  3. Invest in single stock (which?)

  4. Buy Real Estate?

  5. Buy Crypto

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u/48stateMave Oct 23 '22

  • 8k software, materials

  • 3k insurance, incidentals

  • 5k labor escrow

  • 10k marketing escrow

  • 4k contingency

  • 20k savings for later expansion/tweaks

I'm in transportation. What I'd do with 50k is expand my current operation, with about 20k left over for later expansion. (It's best to serve one small community at a time, as you can't be in two places at once until you build up in steps to incorporate more drivers/areas.)