The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

I have $5,000 giving to me and I dont know how to invest it? Help!

I was given $5,000 USD I dont know how to flip my money? Can someone assist me.

Kiesha Richcreek

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., ""

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, or to rant about personal issues. It's all in the guidelines.

Submit Your Answer
Answers (7)
No User Photo
Larimer County, CO

My first question would be-- " do you have a six month emergency cash reserve saved". Most people I know spend money as fast as they get it, then the car breaks down, the frig goes out, etc., and they are forced to put it on a high interest credit card. You are not in a postion to invest until you have your safety net in place. Remember a fool and their money are soon parted. There are plenty of people out there willing to help you part with it.

Aug 14, 2011
No User Photo
Tri-County Builders and investments
Henderson County, NC

A produce stand indoors-- outdoors is very profitable some good stands will make 50.000 per year also you might want to look into internet marketing such as affiliate programs they dont cost an arm and a leg to get started since you are promoting some one elses products and you will receive a commission on products sold through your website--low capital and decent profits---if you invest 1000.00 in advertising you will usually get back 2000.00 and so on ---especially on diets and cancer cure-- and weight loss products

Aug 14, 2011
No User Photo

Hey Kiesha, check out this opportunity. We offer education and training on how to build an online business. This has been a great investment for me and it is stuff that you will be able to apply for the rest of your life.

Aug 13, 2011
No User Photo
Indiana Commercial Realty
Lake County, IN

Carefully consider your options. Most good business will require a substantial amount of cash up front. BUT, look to what grants are also offered. Combined you may uncover more funds for starting a business

Aug 11, 2011
No User Photo
Go Small Biz (Pre-Paid Legal, Inc.)
Independent Associate/Director

You might want to read Rich Dad Poor Dad by Robert Kiyosaki. He talks about how to leverage your money so that it works for you vs. you having to work for money all the time. He buys things that are "assets--things that put money into your pocket every month". He likes multi-level-marketing businesses because it allows you to build an asset that will continue to pay you even after you have stopped working your business.

He also likes rental properties that cashflow money into your pocket every momth. He really likes the
Pre-Paid Legal, Inc. business opportunity because of its great compensation plan and it's product .

You might want to take a look at it. It's not very expensive and you'll get some great tax deductions from running your own business. Good luck.

Nov 10, 2009
No User Photo

Ms. Richcreek - I know of a opportunity to invest $5K in a California Business! All legitimate - has prior history of profits. I can email the info! I hope you will check your posting again. Sincerely - Contact:

Nov 8, 2009
No User Photo
The BAF Group LLC

Kiesha, $5k is not enough to start any kind of business, except maybe a Mary Kay or similar kind of business. And those are extremely labor intensive and depend upon recruiting others, rather than any kind of passive "investment" or conventional business. I don't think this is the place to invest your money.

Nov 7, 2009

Start a Discussion