Question

Hypothetically, if you just graduated College at age 25 with a bachelors degree in Business and you had 0$ in school debt, had a very good credit, no debt what so ever, had 65 thousand dollars saved in your bank, WHAT WOULD BE YOUR NEXT MOVE FRESH OUT OF COLLEGE? Lets say you don't enjoy working and want to create or do something to start making reasonable revenue, or invest in something to become wealthy or financially comfortable in the next five to ten years....BASCIALLY WHAT WOULD YOU DO TO START BUILDING MORE WEALTH, BUT NOT IN A VERY VERY SLOW WAY, BUT REASONABLE TIME...……...

Answer 1

If I had no debt, a bachelor's degree and $65000 after college then I would use all the three to the best of my capacity. I would divide the money into two halves. A part of the amount would be saved in bank account (say $20,000) and the remaining amount would be used to set up my own business. I would work on the business idea by utilizing all the skills that I have obtained from the bachelor's course in business. I would pool in some friends and batchmates so that they can also help me in starting the business and running it successfully. It would be good if they could also bring in some money but otherwise also it would be fine. I need a business idea that would click in the market and a good team that can help me in implementing the idea and executing the project. This would seem to be a little troublesome in the initial few years and later it would be helpful in building wealth.