Results 1 to 35 of 35

Thread: $20k and starting from scratch

  1. #1
    Patience Pays...
    Join Date
    Apr 2005
    Age
    45
    Posts
    5,774
    Rep Power
    29

    Default $20k and starting from scratch

    Discontent with your well paying dead end job you decide to take the leap of faith to find something more fullfilling. What would you do?

  2. #2
    DBlock
    Join Date
    Jan 2004
    Location
    tha ville
    Age
    40
    Posts
    9,044
    Rep Power
    34

    Default

    this sounds like a suicide note!!! ......1

  3. #3
    2.0TRawr ironchef's Avatar
    Join Date
    Feb 2004
    Location
    Atlanta, GA
    Age
    38
    Posts
    8,414
    Rep Power
    34

    Default

    The lottery .

  4. #4
    I've got a job... Killer's Avatar
    Join Date
    Aug 2005
    Location
    Marietta
    Posts
    16,693
    Rep Power
    42

    Default

    Quote Originally Posted by tony
    Discontent with your well paying dead end job you decide to take the leap of faith to find something more fullfilling. What would you do?
    if i had 20k like in the bank.. and wanted to quit my job... is that what you're asking???



    if so.. i'd go get my appraising lic... they make pretty good money... you can do the classes in a matter of a few months i think too...

  5. #5
    Gods Chariot Vteckidd's Avatar
    Join Date
    Jul 2003
    Location
    Atlanta Centennial Park
    Age
    44
    Posts
    33,102
    Rep Power
    71

    Default

    youd PM me
    Enterprise Data Resources- Ecommerce Project Manager
    -www.usedbarcode.net

  6. #6
    Moderator BanginJimmy's Avatar
    Join Date
    Oct 2005
    Location
    Hiram, GA
    Age
    46
    Posts
    7,499
    Rep Power
    31

    Default

    internet porn

  7. #7
    Patience Pays...
    Join Date
    Apr 2005
    Age
    45
    Posts
    5,774
    Rep Power
    29

    Default

    Quote Originally Posted by Killer
    if i had 20k like in the bank.. and wanted to quit my job... is that what you're asking???



    if so.. i'd go get my appraising lic... they make pretty good money... you can do the classes in a matter of a few months i think too...
    Exactly.. I'm pretty much in that situation. A little bit of savings and ready to leave my job. I'll be in college for a couple more years before I go into the Air Force but I am gauging ideas to do in between.

  8. #8
    802.11 GGGG-Unit Fro Rly! Mr_Mischif's Avatar
    Join Date
    Feb 2006
    Location
    College Park
    Age
    34
    Posts
    3,577
    Rep Power
    23

    Default

    Quote Originally Posted by BanginJimmy
    internet porn
    Best idea that will come up in this thread.
    Quote Originally Posted by Lucky SC
    so let me get this straight.
    u hate black people...
    so you went to africa?
    Quote Originally Posted by Psycho
    As a white male, I am genetically afraid of black people
    "DON'T FLOOD THE CAR PICS SECTION WITH YOUR BULLSHIT
    FORMULA D PICS" SQUAD MEMBER


  9. #9
    2 Legit 2 Quit Kelly's Avatar
    Join Date
    Sep 2005
    Location
    Kennesaw
    Age
    39
    Posts
    7,341
    Rep Power
    30

    Default

    Quote Originally Posted by Killer
    if i had 20k like in the bank.. and wanted to quit my job... is that what you're asking???



    if so.. i'd go get my appraising lic... they make pretty good money... you can do the classes in a matter of a few months i think too...

    Random...

  10. #10
    Delightfully Creepy Ran's Avatar
    Join Date
    Sep 2005
    Location
    Kennesaw, Ga
    Posts
    19,885
    Rep Power
    46

    Default

    Once I'm done with my business courses at KSU, I plan on quitting my current job (which pays pretty well) to open my own anime retail store. No sh*t.

  11. #11
    B5 S4=problems Reaper's Avatar
    Join Date
    Jun 2006
    Location
    Crossfit
    Age
    38
    Posts
    5,736
    Rep Power
    26

    Default

    Invest in real estate...because its a buyers market right now, and with time...it'll definitely go up...

  12. #12
    Certified Gearhead
    Join Date
    Sep 2006
    Location
    Gwinnett
    Age
    35
    Posts
    626
    Rep Power
    20

    Default

    Quote Originally Posted by Kelly
    Random...
    How is it random? He gave his answer to the question....

  13. #13
    I've got a job... Killer's Avatar
    Join Date
    Aug 2005
    Location
    Marietta
    Posts
    16,693
    Rep Power
    42

    Default

    Quote Originally Posted by Kelly
    Random...
    we've talked about this before.... it's not what i want to do for the rest of my life.. but it'd be a good quick investment and would prolly pay off pretty quick...

  14. #14
    I've got a job... Killer's Avatar
    Join Date
    Aug 2005
    Location
    Marietta
    Posts
    16,693
    Rep Power
    42

    Default

    Quote Originally Posted by .:EuRo FLYbOy:.
    How is it random? He gave his answer to the question....
    she's my gf... and has forgotten that we've talked about this...

  15. #15
    The One and Only Nemesis's Avatar
    Join Date
    Apr 2005
    Location
    Buckhead
    Age
    42
    Posts
    25,171
    Rep Power
    62

    Default

    blow it all on hookers and then spend leftover cash at Krystals for a meal.

  16. #16
    IA KING
    Join Date
    Nov 2002
    Location
    Atlanta
    Posts
    14,745
    Rep Power
    150

    Default

    honestly 20k isn't alot of money and if your still in school i would keep working that dead end job and keep saving.

  17. #17
    Something Else Kevykev's Avatar
    Join Date
    Jun 2003
    Location
    'Round These Parts
    Age
    43
    Posts
    15,713
    Rep Power
    45

    Default

    Tony you need to find something that you have an interest in because i came to the conclusion that EVERY INDUSTRY IS LUCRATIVE, you just have to find your niche.

    How's the seafood hustle?




    Quote Originally Posted by admin
    honestly 20k isn't alot of money and if your still in school i would keep working that dead end job and keep saving.
    It can be if your expenses are low.


    But yeah under middle class conditions 20k can be easy to go through.

    Leisa and S. 4 Life NM?

  18. #18
    ^IA's most loved^ UpSideDownDesi's Avatar
    Join Date
    Jul 2005
    Location
    Weekly Gwinnett/Junciton Meet
    Age
    40
    Posts
    9,765
    Rep Power
    32

    Default

    Quote Originally Posted by Reaper
    Invest in real estate...because its a buyers market right now, and with time...it'll definitely go up...
    x2 you can almost double your money withing 3-4 years.

  19. #19
    Gods Chariot Vteckidd's Avatar
    Join Date
    Jul 2003
    Location
    Atlanta Centennial Park
    Age
    44
    Posts
    33,102
    Rep Power
    71

    Default

    what can you buy with $20,000 in real estate?

    seriously Tony if you want to make money, PM me
    Enterprise Data Resources- Ecommerce Project Manager
    -www.usedbarcode.net

  20. #20
    Something Else Kevykev's Avatar
    Join Date
    Jun 2003
    Location
    'Round These Parts
    Age
    43
    Posts
    15,713
    Rep Power
    45

    Default

    Quote Originally Posted by Mr. KiDD
    what can you buy with $20,000 in real estate?

    seriously Tony if you want to make money, PM me

    A house, obviously not the best on the block but...an actual house

    Clayton county for the LOSS and WIN Simultaneously.

    Leisa and S. 4 Life NM?

  21. #21
    ^IA's most loved^ UpSideDownDesi's Avatar
    Join Date
    Jul 2005
    Location
    Weekly Gwinnett/Junciton Meet
    Age
    40
    Posts
    9,765
    Rep Power
    32

    Default

    Quote Originally Posted by Mr. KiDD
    what can you buy with $20,000 in real estate?

    seriously Tony if you want to make money, PM me
    that is more than nuff to put a down payment toward a foreclosure, buy it in the right area. Rent it out, and sell whenver you feel like selling it. $20,000 at this moment can get you more than one house. 100% safe investment, and garunteed results.

  22. #22
    2 Legit 2 Quit Kelly's Avatar
    Join Date
    Sep 2005
    Location
    Kennesaw
    Age
    39
    Posts
    7,341
    Rep Power
    30

    Default

    Yeah, it is totally a buyer's market right now... BUT if you only have $20,000, and you put it all as a downpayment towards a house... how are you gonna actually make the payments.

    I'd pay off all my debt (since it only totals about $2,000), put the rest in an interest drawing account and apprentice at a salon to get my cosmetology license.

  23. #23
    ⎝⏠⏝⏠⎠ RandomGuy's Avatar
    Join Date
    Jan 2004
    Location
    GA
    Posts
    18,981
    Rep Power
    150

    Default

    cocaine

  24. #24
    ^IA's most loved^ UpSideDownDesi's Avatar
    Join Date
    Jul 2005
    Location
    Weekly Gwinnett/Junciton Meet
    Age
    40
    Posts
    9,765
    Rep Power
    32

    Default

    Quote Originally Posted by Kelly
    Yeah, it is totally a buyer's market right now... BUT if you only have $20,000, and you put it all as a downpayment towards a house... how are you gonna actually make the payments.

    I'd pay off all my debt (since it only totals about $2,000), put the rest in an interest drawing account and apprentice at a salon to get my cosmetology license.
    don't put the whole $20k toward the down payment...don't need to. Keep some $$$$ to make the payments for the months house isn't rented out, if you buy a good nuff forclosure...u can pull equity out and just makes payments by that. Plenty of ways to make the money work for you.

  25. #25
    Something Else Kevykev's Avatar
    Join Date
    Jun 2003
    Location
    'Round These Parts
    Age
    43
    Posts
    15,713
    Rep Power
    45

    Default

    Quote Originally Posted by UpSideDownDesi
    don't put the whole $20k toward the down payment...don't need to.

    Yeah never, 5-10% down all day depending on credit profile.

    Or you can buy some houses cash for like 25-30k.

    Leisa and S. 4 Life NM?

  26. #26
    RIP John + Leisa :( civic95's Avatar
    Join Date
    Nov 2002
    Location
    a track near you..
    Age
    46
    Posts
    3,582
    Rep Power
    27

    Default

    Go to Thailand, get yourself a kilo to keep yourself awake for a week, and go thru as many teenage hookers as you can until you have cardiac arrest. Have someone send the other $10K home so your family can bury you.

  27. #27
    AmbitiousButRubbish EJ25RUN's Avatar
    Join Date
    Sep 2005
    Location
    Daytona Beach
    Age
    38
    Posts
    15,152
    Rep Power
    45

    Default

    plan ahead to know your job is gonna be something you want to do.

  28. #28
    Something Else Kevykev's Avatar
    Join Date
    Jun 2003
    Location
    'Round These Parts
    Age
    43
    Posts
    15,713
    Rep Power
    45

    Default

    Quote Originally Posted by civic95
    Go to Thailand, get yourself a kilo to keep yourself awake for a week, and go thru as many teenage hookers as you can until you have cardiac arrest. Have someone send the other $10K home so your family can bury you.


    WOW most depressing post in IA history.


    Leisa and S. 4 Life NM?

  29. #29
    Patience Pays...
    Join Date
    Apr 2005
    Age
    45
    Posts
    5,774
    Rep Power
    29

    Default

    Quote Originally Posted by admin
    honestly 20k isn't alot of money and if your still in school i would keep working that dead end job and keep saving.
    That is exactly my sentiment. $20k with current expenses may last me 5 months.. nowhere near what I would consider a lot but I'll be selling everything, house, car etc and don't care if I have to live off of Ramen Noodles. Dead end job prevents me from what I really want to do and there are age restrictions with the Air Force so time really does matter.

    Seafood was decent until shipping costs shot through the roof.. $80 for shipping on a $60 order wasnt cutting it and I just could not get the business off of the ground locally. I probably would have done much better if I lived in midtown or north ATL.

    I'm not desperate for solutions since I already have a plan, was just curious what others would throw out there and I appreciate the responses.

  30. #30
    Certified Gearhead blazin''s Avatar
    Join Date
    Feb 2006
    Location
    FB
    Age
    39
    Posts
    430
    Rep Power
    20

    Default

    If it were me, I'd find something that I actually enjoyed doing and was interested in. I had a great job at a hospital, but after a while I couldn't stand working there, even though the pay was good. I make less money now (I don't really have too many expenses though), but I'm happier and I have better hours. I was in a bad mood 80% of the time because of my old job (and I was stressing about school). Life's short, do what makes you happy.

  31. #31
    resident honda hater redrumracer's Avatar
    Join Date
    May 2007
    Age
    39
    Posts
    11,983
    Rep Power
    34

    Default

    $20k, hmmm not really that much to do anything with, i guess id use it to pay off me car then use the rest for living expenses and continue my edumacation, but id make sure id have housing and everything else covered with the cost of tuition. and then just get a little non stressful easy parttime job just to have something to do.

  32. #32
    Gods Chariot Vteckidd's Avatar
    Join Date
    Jul 2003
    Location
    Atlanta Centennial Park
    Age
    44
    Posts
    33,102
    Rep Power
    71

    Default

    PM sent, i wouldnt do anything with $20,000 that involve real estate an you cant start your own business with that kind of loot.

    But what you can do is invest that money to make you %35-45% in a short term and just keep doing that until you buil up enough scratch to really go after what you want.

    Thats what im doing
    Enterprise Data Resources- Ecommerce Project Manager
    -www.usedbarcode.net

  33. #33
    v2.0 IndianStig's Avatar
    Join Date
    Sep 2004
    Location
    Gwinnett County
    Posts
    9,181
    Rep Power
    32

    Default

    I have two business ventures I would pursue with $20k. Think I'm going to spill the beans on IA? Hell no.

  34. #34
    v2.0 IndianStig's Avatar
    Join Date
    Sep 2004
    Location
    Gwinnett County
    Posts
    9,181
    Rep Power
    32

    Default

    Quote Originally Posted by Mr. KiDD
    PM sent, i wouldnt do anything with $20,000 that involve real estate an you cant start your own business with that kind of loot.

    But what you can do is invest that money to make you %35-45% in a short term and just keep doing that until you buil up enough scratch to really go after what you want.

    Thats what im doing
    You can start your business with $20k cash. You just need to be one hell of a talker, have a business plan to die for, and a great idea.

    But yeah, **** the real estate with $20k right now, unless I was planning on just staying in college and could find some investors. Then that would be good money returns in the next few years.

  35. #35
    Senior Member
    Join Date
    Apr 2008
    Location
    douglasville
    Age
    37
    Posts
    1,354
    Rep Power
    19

    Default

    Quote Originally Posted by Mr. KiDD
    PM sent, i wouldnt do anything with $20,000 that involve real estate an you cant start your own business with that kind of loot.

    But what you can do is invest that money to make you %35-45% in a short term and just keep doing that until you buil up enough scratch to really go after what you want.

    Thats what im doing
    My uncle owns his own roofing buisness and started it with only 4k and right now he has over 700k in his bank account.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
About us
ImportAtlanta is a community of gearheads and car enthusiasts. It does not matter what kind of car or bike you drive, IA is an open community for any gearhead. Whether you're looking for advice on a performance build or posting your wheels for sale, you're welcome here!
Announcement
Welcome back to ImportAtlanta. We are currently undergoing many changes, so please report any issues you encounter with the site using the 'Contact Us' button below. Thank you!