hi im 22 and a bit confused. I have built up a bankroll of £100,000 and dont know what to do next. Any ideas on what to invest my money in or what type of business can i start with that type of money? (help)![]()
hi im 22 and a bit confused. I have built up a bankroll of £100,000 and dont know what to do next. Any ideas on what to invest my money in or what type of business can i start with that type of money? (help)![]()
First off, invest in some kind of business education. That doesn't necessarily mean college, it can even mean hitting your local bookstore. Based on your post, you seem pretty clueless which is a very bad thing in business and almost always leads to losing large sums of money.
Learn about business, learn how to start and manage a business and then start thinking about an industry you want to enter. Once you decide on an industry learn everything you can about that industry.
Knowledge is one of the most important tools in business and you cannot afford to not be armed with sufficient knowledge of business and your particular industry.
Yes please educate yourself first before you do anything.
If you want to be rich, sell products and services.
If you want to be insanely rich, create and control markets.
I must create a system or be enslaved by another mans; I will not reason and compare: my business is to create.
Read The Richest Man in Babylon - first published in 1926, timeless wealth-building principles.
What did you do to amass that kind of money in the first place? I agree with the other responses here in terms of educating yourself first. What I mean by this is, educate yourself in general terms about business and specifically about what field you want to go into. The other piece of advice I would give you is to pursue something you enjoy and would do even if money weren't the issue.
Good luck!
Jamie Masters
Independent USANA Associate
USANA - Official Sponsor of Sony Ericsson WTA Tour
www.wishingwell.usana.com
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http://wishingwell.the7greatliesofnetworkmarketing.com/
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