New to this sub and I have a little bit of an extraordinary situation on hands.
I’m a 28 y/o (m) living in the Netherlands. At this point due to poor financial upbringing and consequently very poor financial decisions, I have no savings. I did pay off all my debts, so I’m basically at 0.
Now the extraordinary part; I have someone close to me willing to give me 500k euro to invest in my financial freedom. My ultimate financial goal in life is to be financially free, meaning that my passive income covers my expenses.
I have a full time job covering my expenses currently, so this 500k is available to invest completely.
Unfortunately due to my poor financial upbringing, I have no idea where to start. I have no need for the money short term, all I want is to make best use of this extraordinary opportunity that has been presented to me and set myself and my family up for future financial freedom.
My question to you is;
Where do I start? What are good long term investments? Compound interest? Stock investments? Real estate?
Where should I educate myself? At the moment I don’t know where to start and I’m afraid to make wrong decisions and regret these afterwards.
Thank you for reading and your suggestions in advance.
I’m a 28 y/o (m) living in the Netherlands. At this point due to poor financial upbringing and consequently very poor financial decisions, I have no savings. I did pay off all my debts, so I’m basically at 0.
Now the extraordinary part; I have someone close to me willing to give me 500k euro to invest in my financial freedom. My ultimate financial goal in life is to be financially free, meaning that my passive income covers my expenses.
I have a full time job covering my expenses currently, so this 500k is available to invest completely.
Unfortunately due to my poor financial upbringing, I have no idea where to start. I have no need for the money short term, all I want is to make best use of this extraordinary opportunity that has been presented to me and set myself and my family up for future financial freedom.
My question to you is;
Where do I start? What are good long term investments? Compound interest? Stock investments? Real estate?
Where should I educate myself? At the moment I don’t know where to start and I’m afraid to make wrong decisions and regret these afterwards.
Thank you for reading and your suggestions in advance.