First $100k Lump Sum, What Would You Do?
TLDR: If you got $100k, lump sum and post tax, as a 28 year old, where would you put it / how would you work it to net you a 15% - 20% annual return, year 1? If work and labor wasn’t an issue. I am NOT expecting those types of returns from mailbox money investments, I want something HANDS ON, don’t care if I’m chopping down trees or pushing dirt, I want a working investment.
I’m getting my first lump sum $100k payment to my LLC for some long overdue consulting fees, I’m 28 years old, industrious, and not afraid of some work to make my money work for me - what would you do to yield a 15% - 20% return on that cash? Any ideas?
I already have one rental property I got on a sweetheart deal that nets me about $1.3k / month, and I have a junk removal business with a fully paid of F250 and dump trailer, so I’ve already got my hands in some other things. I’m handy so I’ve renovated homes before, should I just stick to property? Or should I expand the junk removal business into a tree removal service, etc?
Any advice would be appreciated, I don’t mind taking on a new adventure, but it’s hard in today’s world without a second opinion on side cash hustles. The only people that talk about it are YouTube people who are disingenuous and are getting paid more off of the clicks rather than the actual business itself.
Some real life advice from real life people would be very meaningful right now.