- Start An Online Business. One way you can potentially double $50,000 is to start your own online business.
- Invest In Real Estate.
- Cryptocurrency Investing.
- Traditional Investing.
- Retail Arbitrage.
- Create A Rental Business.
How do you flip a 50k?
- Buy a Turnkey Rental Property.
- Buy, Renovate, Rent, Refinance, Repeat (BRRRR)
- Buy a short-term/vacation rental.
- Flip a House.
- Do a Live-In Flip.
- House Hack.
- Invest in real estate indirectly.
What is the best thing to do with 50k?
Ideally, you should use the 50K to settle and pay off as much debt as you can (especially those that come attached with high-interest amounts) and start with a clean slate. If you have money left over from that, then begin your investments or put the balance towards something that can bring you decent returns.