You have $10,000 in the bank, no degree or network, but all of your current skills and knowledge. Living costs are covered. How do you start over?

    Starting Over
    byu/luca__popescu inbusiness



    Posted by luca__popescu

    8 Comments

    1. My advice is from 1997 but I’d repeat it.
      Temp in the fields/areas I’m interested in.
      Network with bosses & coworkers & hopefully end up with a perm gig in the field.

    2. Get a job.

      What skills?

      MY current skills? I start a new business manufacturing a component. Sell then buy so the $10k will be for living expenses until sales job commission kicks in.

      Roll everything back into business for 5-10 years. Don’t take pay until CPA says you have to.

    3. toomuchbasalganglia on

      My skills and knowledge wouldn’t translate others, but if it was specific to me, I would use the money for marketing a chronic illness coaching program with a focus on small med spas and gyms with cash paying clients.

    4. Start a service business. Any service business.
      The adage of “nobody wants to work anymore” is your opportunity to swoop in and pick up where others are slacking. I own a cleaning business and the amount of calls I get where other cleaners just don’t care to do any work or show up is insane. On top of that I get asked every single day if I know any other service providers that will do work. General contractors, electricians, plumbers, handymen. If it’s a service you can provide to a person or a business, it’s needed out here. $100k+ business in absolutely no time

    5. Develop professional skills with $2K. Spend money on courses in Excel, SQL, or trade school. Learn some hard skills to pair with your soft skills so you can compete for a career. Spend $6K on SPY stock and hold that for 30 years. Save $2K for future apartment security deposit. Time to move out and enjoy life.

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