We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
£80,000
davelester414
Posts: 18 Forumite
Hello all,
I have approximately 80,000 to invest.
Is there any way I can invest this so I never have to work, or put my money to work in such a way that its my full time job managing it?
Best,
Dave
I have approximately 80,000 to invest.
Is there any way I can invest this so I never have to work, or put my money to work in such a way that its my full time job managing it?
Best,
Dave
0
Comments
-
Is there any way I can invest this so I never have to work
What would be the minimum per annum for you to live on?
Even if you could get 10% per annum (unlikely), this would be only £8000...0 -
8000 is enough...if i choose to DJ around the world...helps with flights and accommodation but ultimately will be paid also from gigs.....0
-
davelester414 wrote: »Hello all,
I have approximately 80,000 to invest.
Is there any way I can invest this so I never have to work, or put my money to work in such a way that its my full time job managing it?
Best,
Dave
Do you mean now?
Depending on your age I'm sure it would be possible to invest £80,000 so you don't need to work in future. Invest and leave it to grow. Just depends when in the future that is.Remember the saying: if it looks too good to be true it almost certainly is.0 -
I will be 28 in November0
-
Don't mean to burst the bubble, but £80,000 won't go far for a 28 year old. So unfortunately you're going to have to go back to work
Stephen Covey once said that "when you teach once, you learn twice". That is the primary reason for my participation on the forums as an IFA.
Although I strive to provide accurate information in my posts, there may be the odd time when I fail. Yes I know it's hard to believe but even Your Hero can make mistakes. Apologies in advance.0 -
There must be a way of investing 80000 so i never have to work again.0
-
davelester414 wrote: »There must be a way of investing 80000 so i never have to work again.
80,000 lottery tickets / scratchcards and cross your fingers.What will your verse be?
R.I.P Robin Williams.0 -
Why must there be a way of making 2 or 3 years salary last for 50 years or more?davelester414 wrote: »There must be a way of investing 80000 so i never have to work again.0 -
Purely to put it in perspective for you, I retired early (43) with that same goal in mind, but with a desire NEVER to eat into the capital at all because you never know what will happen in life to upset your plans.
Ten years later, it is running to plan, but (yes, there's a very large but) I used ten times that amount and have needed it.I am one of the Dogs of the Index.0 -
I was born with £80,000 in the bank and I will never have to work
Beat that.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards