I appreciate the forum much and have been following with interest over the past six months. Here`s another "I`m at a crossroads" situation for you.
I have worked in the legal profession for the last fifteen years, primarily as a paralegal, but now as a technology specialist for attorneys (I`m a real geek) in a large, nationally recognized firm. Recently I`ve become the beneficiary of an estate. The settlement should come within the next few months and will be around $300g. I`ve been giving some thought to using this to shift the direction of my life into an area that I might enjoy more.
My options as I see them are:
1. Invest and save (keeping the current profession).
2. Start a business doing something I love doing.
3. Move and start a business.
I`m not a real fan of the area I live in and could use some new surroundings offering a few more things to do in the outdoors. My loves and passions include nature and the outdoors and photography. I`ve thought of setting up a website that markets top quality outdoors gear ala REI, Cabellas, Bass Pro, etc., along with furniture that has a distinctive `natural` look. I`ve also thought of buying into a franchise or business model that would set the stage for my future earnings. Basically, I could use this money to springboard into a higher bracket if I play my cards right and make clear-headed decisions.
So I guess what I`m looking for are suggestions from the forum in making smart moves. After working with law for so many years, I am not the gullible type, nor will I use this money frivolously. I`m not interested in any get rich quick ideas or even MLM, etc. I am interested in solid opportunity with a proven track record only. I`m not afraid of risk and definitely have an entrepreneurial spirit, but will reject 99% of what most folks hold out as opportunities these days as merely methods of getting my money. If I do allocate the funds into a business of some sort, it could become tax sheltered. The only other way I could accomplish this would be to fund a retirement account.
Any ideas for someone like me? Thanks in advance -