#80k

Getting an 80K Settlement how should I invest?

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Getting an 80K Settlement how should I invest? My wife suffered a traumatic injury at work about 2 years ago. She won a settlement from worker’s comp check has hit our bank, it’s around 80K. I make around 55K a year. My house is paid off, although it needs some work. Car is paid off, has about 180k miles on it. Have about $7,000 in CC Debt/Personal Loans. My wife was disabled by the accident…

Reddit Personal Finance 239 2023-08-11

You have $80k of capital to use to generate a monthly income. What do you do?

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You have $80k of capital to use to generate a monthly income. What do you do? I’m a single 24M. My main gig has been online arbitrage on Amazon for 2 years. It’s been okay. I have a team that runs it. But it just doesn’t feel like a good long-term play anymore. Would like to transition my capital another direction. On or off of Amazon. Perhaps diversify into different businesses. I despise the idea of getting a day job at…

Reddit ecommerce 277 2023-07-22