A family member has come into a nice amount of money. $500k cleared expendable.
He wants to start a business or invest. He doesn't exactly have a passion for anything that makes money. He wants to generate as much income as possible in as little time as possible. He understands the risk/reward and long term/short term aspects associated with certain ventures. We would appreciate any and all ideas.
Essentially, what would you do with an extra $500k to generate as much ncome as possible? Legally.
Thanks.
He wants to start a business or invest. He doesn't exactly have a passion for anything that makes money. He wants to generate as much income as possible in as little time as possible. He understands the risk/reward and long term/short term aspects associated with certain ventures. We would appreciate any and all ideas.
Essentially, what would you do with an extra $500k to generate as much ncome as possible? Legally.
Thanks.