10 k on lotto tickets on four separate weeks. Due to volume of tickets purchased, you are guaranteed to win at least one of the weeks
I'd return the money.
I really don't think "well, now i got the money, might as well come up with another million dollar idea" is a solid idea.
Also, don't banks usually require you to have a proper business plan when you apply for a loan of that size? I'm sure you had one, but i'm not sure it's a good idea to misappropriate the money you were given for one purpose for an entirely different business idea that the bank didn't sign off on.
I don't think you wanna be on bad terms with the bank you're in debt with.
If the money isn't tightly connected to your original business plan ...
I'd still return it.
Return it?
Bubble tea is prob the best low captial business at the moment
teas + coconut milk + canned asian berries + milk
Bank probably figures once he fails theyll get a house out of it.The meme avatar and the body of the post just makes me think this is a troll. Who the hell calls themselves a liberal social justice warrior? How is he an accountant with 3 houses yet borrows 40k with no actual business idea?
Wait...Well that was fast. I guess that probably is my best bet. It just bums me out to think about going back to a normal 9-5 job again. Thanks guys
You're not a rich man yet own and rent out two properties as well as (presumably) wherever you live yourself. Not rich...
I give up. GAF is weird.
You seem very matter of fact you've borrowed a chunk of money with literally no idea of what to do with it. Guess you must be good for it cos I figured banks want to see business plans etc when loaning money for that purpose and you seemingly have none.
You live in a different world to me.
I had a business idea and borrowed money to get it started, but right now it looks like my idea might not work.
So now I have $40,000 that I borrowed from banks and, assuming that I'm right and my original idea won't work, I am looking for other ideas.
I like to play board games and puzzles. I've been into Magic the Gathering for 23 years. I follow politics very closely and consider myself a left wing social justice warrior. I am a licensed CPA but I don't have enough experience to open my own firm and I'm starting to think that it was the wrong career for me because accounting is boring. I like musical theory but I'm not very talented at performing. I really enjoy ballroom dancing and spent 9 months as an instructor at Arthur Murray. I am not very charismatic in person usually. I am an okay writer, but not good enough to make a career of it. I currently own three houses, two of which I am renting out at a tiny profit, and I am interested in eventually acquiring more real estate but I don't think I have enough capital to actually do that. I think I would make a great director for either movies or theater but I have no idea how to hone that skill.
I am paying interest on this money so I can't just give it away.
I don't want to invest it in some other business because I can't make a living off of that.
I am not a rich man so $40k is just about all I'll be able to spare.
That's all. I'm just looking for ideas here. Thanks folks
Edit: since many people have asked or have not realized that there was an idea originally, the idea was to start a futures market on Magic the Gathering cards, letting people buy options for them so they can speculate without actually buying the cards.
This may not be viable now, for reasons involving vendors and card pricing APIs.
And the reason I typed that long paragraph talking about myself was to help people come up with ideas related to things I enjoy. It was not intended as a display of relevant skills. But that doesn't seem like it's going to happen, and now it's looking like I will just return the money if my original idea becomes non-viable. So it goes.
Someone check OP's post history, I'm on moBile.Unless I see some mad stacks yo I am 99% sure this is a troll thread.
I borrowed money to buy a few different products on Alibaba, rebrand them and sell them. So far I have been able to pay off the money I borrowed, however, the interest seems to have died down on the items so now I have to begin research on something else if I want to keep doing this.
Someone check OP's post history, I'm on moBile.
Bubble tea is prob the best low captial business at the moment
teas + coconut milk + canned asian berries + milk
Realistic look at things
Nearly everything would come from Asian distro, made in China berries and coconut milk.. cheap as hell.
Tea's are pretty generic, oolong and such are not sold at most.
Milk is only fresh product you will need.
Low skill, teenage low wage employees.
Premium price on the products that look premium but are really from a bunch of 50cent cans from china/phil/thailand/vietnam
Well six months ago in his first job out of college he got scammed out of a promotion at work......
http://www.neogaf.com/forum/showthread.php?t=1352654&highlight=
It does seem like his pizza delivery stuff checks out from some of his previous threads, I am still not sure on the fact he has a $40k loan though...