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<blockquote data-quote="RDF" data-source="post: 1120002" data-attributes="member: 7721">In the OP, you never really clarify exactly whether this $10k is basically your entire bank account savings, or whether you just had an additional $10k windfall that you're now willing to spend entirely.If it is indeed simply the amount you have in your savings account, I need to stress this - $10k is NOT a lot of money. Assuming you don't live like a priest, it is not even close to a year of life expenses, probably less than 6 months. You mentioned you have kids. That makes this doubly so, since if things suddenly go south at your job or business, you have zero safety net not only for yourself but also for your children. I'd be terrified in that positionTrading crypto and starting another side business can both be great ways to make more money, but they have risk associated with them. Risk-free trades and risk-free businesses do not exist. That is a fact. If you have a family, it is extremely unwise to throw your entire savings account on a venture like that.It's your call, but if you don't have more of a cushion than $10k, I would keep the money invested in safe ETFs and some in cash. If you do have a bigger cushion, then there's a lot of great advice already in the thread.</blockquote>

[QUOTE="RDF, post: 1120002, member: 7721"] In the OP, you never really clarify exactly whether this $10k is basically your entire bank account savings, or whether you just had an additional $10k windfall that you're now willing to spend entirely. If it is indeed simply the amount you have in your savings account, I need to stress this - $10k is NOT a lot of money. Assuming you don't live like a priest, it is not even close to a year of life expenses, probably less than 6 months. You mentioned you have kids. That makes this doubly so, since if things suddenly go south at your job or business, you have zero safety net not only for yourself but also for your children. I'd be terrified in that position Trading crypto and starting another side business can both be great ways to make more money, but they have risk associated with them. Risk-free trades and risk-free businesses do not exist. That is a fact. If you have a family, it is extremely unwise to throw your entire savings account on a venture like that. It's your call, but if you don't have more of a cushion than $10k, I would keep the money invested in safe ETFs and some in cash. If you do have a bigger cushion, then there's a lot of great advice already in the thread. [/QUOTE]

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