There do appear to be some upsides to the coffin business
What about your mate combining his knowledge of barbeques and coffins
and getting made in china instant barbeque coffins for those who prefer cremation
Said in jest but who knows there may be milage in it.
No need to pay for expensive cremation fees.
All you need is match and a back garden.
A novel and unique product to offer to existing funeral homes
who likely dominate the personal customer sales market.
As for investing in general well often the same rule of thumb as betting.
Aim for a big pay out ratio to stake and your chances of collection decrease.
Value hunting and diversification would also be shared traits.
#1 Diversification of porfolio.
Originally Posted by Dopple
If the money is sat doing nothing in the bank, then start by paying off any debts such as overpayments on your mortgage and things like that. If it is a sizeable sum of money, then have you thought about possibly doing something a bit more longterm, like a buy to let - if you can find a property where the rental income could cover your mortgage with your deposit, then would that be something to interest you?
If you currently rent, have you thought about using it as a deposit for somewhere and getting out of renting? THis would also give you an incentive to keep up the good AP work, and paying off your mortgage.
Do you need easy access to this money? If so this will limit your options, but if not, then have you thought about 'investing', or speaking to an IFA to find out your options?
I also assume you work part/full time as well, so have you also thought about increasing your pension contributions - imagine giving yourself the option to retire X years early?
Do you have a family - well regardless if you do/dont, why not put some aside for the prospective future - and leave it aside until one of your siblings graduates, so you could assist them in getting onto the 'housing' ladder, or paying for the wedding?
Above all, you only live once, so regardless what you do have you thought about spending a % of your profits on something for yourself as a reward - be it a holiday, new PC, even upgrading items in your home to make things more 'energy efficient' and cheaper to run, which in turn helps save you money going forward?
There is lots of different things you could do, not quite an endless list, but have a proper think about what you want to do - ask questions like 'do i need easy access to this money', 'what level of risk would you be wiling to take','any particular goals you would like to achieve with this' and so on.
By coming up with the answers to these questions, you can then better direct yourself to what you want to do.
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Buy yourself a ticket on the Titanic 2
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thanked for this post
See payday loans have been in the news today, reminded me of this thread.
Wonga made enough money to get into the EPL scene, could be TGT syndicate next year owners of Premier League Champions 2013/2014.
Glad I just read all the thread before joining in:
Overpaying Mortgage has got to be number 1 we did with winnings and are now only months away from being completed not bad 25 year deal paid off in 8 1/2 ( Yes I know second marriage first burst the finance bubble) LOL
Ok if gambling still in mind following Djokovic or Fav in Mens Tennis Grand slams shoiuld work
Best of Luck
buy iphones on releasse date and take em to india/china
By sarah in forum UK Sportsbetting Tipsters
Last Post: 22/07/2009, 22:22