5 Things You Can Do With $30,000
Believe it or not, now that 2015 has come, the economic woes that began of 2008 are seven years old! Although the economy hasn’t recovered as quickly as we all would hope, Americans are finally to the point where things are looking up. (In December of 2014, the government announced that the economy is growing at a rate not seen in over a decade!)
Since the economy has recovered, more and more people are finding that they have a little disposable income.
So here are the five things you can do with $30,000:
- Buy a car – According to Truecar.com, the average price of a car in the U.S. is $31,252. If driving is something that’s important for your personal or professional life (i.e. you don’t live in New York City), then you should consider buying a new or used car. ()
- Pay down your credit card debt – According to CreditCards.com the average American household with at least one credit card has around $16,000 in credit card debt. Now, having a little bit of debt is ok but $16,000 is outrageous. Take some of your cash and get back in black.
- Go on a very nice vacation – Think back to when you were young, dreaming about traveling around the world. Well do it! Airline companies like the Star Alliance offer “Round the World” fares where you can visit everywhere you’ve always wanted to see
- Nothing – Ok. This may be a little cheating, but honestly, it’s what most of you are going to do. Nothing. It’s very easy to let money sit somewhere safely. No one is ever going to question your decision, as the decision not to spend money is often hailed as “fiscally responsible.”
- Open your own small business – There’s a myth in this country that you need hundreds of thousands of dollars to open your own business. That statement has never been true and it certainly isn’t true in 2015. This country is full of small business owners who have made a lot out of a little. Now, I’m not recommending the “start a business in your garage” route as those businesses fail at an exceptionally high rate. I’m talking about taking some savings and opening up a location of a well-established turn-key business that has proven economic success.
If you’re interested learning what it takes to open a franchise, then we
have developed a brief quiz that helps us understand what you’re looking for. We then figure out which franchises are looking for new owners in your area and provide you a set of customized results. If you have a few minutes, click here to take the quiz.
One Franchisees Story - Bill Higgins Journey From the Telecom Industry to HOODZ Franchise Owner
HOODZ offers numerous commercial kitchen cleaning services, and has established the largest oven cleaning service network in the country. While Bill’s background may not have been directly related, he appreciated the tight knit owner network offered by HOODZ and the sticky nature of the business model. In Bill’s own words, “Your customers are yours to lose.” As a new business owner, Bill also valued the guidance and structure associated with the franchise system. The model for success is available, all you have to do is execute. In October of 2015, he launched his location in central Indiana.
The Franchisee Bill of Rights
On the subject of “fairness” in franchising, we will try to separate the optimists from the pessimists . Hopefully, we will make an optimist out of even the most cynical readers amongst us.
5 Ways to Evaluate Your Franchise Options
A great way to go and figure out whether or not the franchise you’re thinking about is the right one for you is to just go into a location and take a look around. Watch how things run. Talk to some of the employees or the customers. Figure out what day to day operations are like. If you have a big problem with the day to day business for any reason then it probably isn’t the right franchise for you. But if you go there and think that the business is great then it’s probably a good fit.