I quit banking with 5 million bucks. Tell me how to maximize my net worth moving forward.
I quit banking with 5 million net bucks and now I'm trying to figure how to maximize my net worth leveraging this base of capital.
Created this to hear people's different thoughts about building wealth and I'll follow along. Assume I can't repeat what I did to initially get the capital due to luck / timing (don't ask bc not the purpose of thread). Assume I don't care about how long it takes to multiply but would need to manage capital preservation / some liquidity due to lack of w-2 income. Early 30s, married in HCOL city with a $2xx,xxx earning spouse.
So far I've read up on some franchising opportunities, if I open 8 DD franchises I can expect 800k-1MM annual operating cashflow. Have also thought about putting it all into SPY applying 1:1 leverage in perpetuity. Need to run the numbers on math and sensitivities but would like to build in a cushion for a 35% market draw down without a
Would love to hear your thoughts.