It all depends on your level of risk tolerance. Would you want to play safe where you do not want to loose money at all? Invest in inflation protected Treasury bonds. Currently I-bond is paying 7% return.
Would you want to play risky where you do not mind loosing a chunk of the size? Invest in a few obscured cryptos after doing some due diligence where there is a chance of 10-100x return.
Want to play safe where moderate risk is tolerable? Invest in real-estate but it also depends on market and country.
People think buying a franchise will make them an entrepreneur but remember franchise is nothing but a job disguised under thin veil of entrepreneurship. In Franchise business, someone else has a major control over your business and you have to play by their playbook rule. In addition, there is a very little room to scale.
However, if you are person with some developer or marketeer skill then this is the best route to go. If you have few ideas then you can test those by developing a prototype and putting in hand of customers and getting feedback. But be aware that for each prototype you should not spend more than 5-10k. If you have sufficient time in your hand then other non conventional investments can be buying farm lands and trying organic farming, providing micro-loans to entrepreneurs etc.
Would you want to play risky where you do not mind loosing a chunk of the size? Invest in a few obscured cryptos after doing some due diligence where there is a chance of 10-100x return.
Want to play safe where moderate risk is tolerable? Invest in real-estate but it also depends on market and country. People think buying a franchise will make them an entrepreneur but remember franchise is nothing but a job disguised under thin veil of entrepreneurship. In Franchise business, someone else has a major control over your business and you have to play by their playbook rule. In addition, there is a very little room to scale.
However, if you are person with some developer or marketeer skill then this is the best route to go. If you have few ideas then you can test those by developing a prototype and putting in hand of customers and getting feedback. But be aware that for each prototype you should not spend more than 5-10k. If you have sufficient time in your hand then other non conventional investments can be buying farm lands and trying organic farming, providing micro-loans to entrepreneurs etc.