Hello. I'm a student currently residing in Canada. I've just graduated high school. I'm 19. urr... The reason why i'm writing this message is because I need advice. Here is my situation. I live alone, and i'm paying for a $775 rent. (One Bed, Apt) I work in a local grocery shop. In my bank account is $50,000 dollars. .........The problem is, I would like this money to generate some sort of income. But I've no idea where to invest. I was thinking of purchasing a commercial property of atleast 800sq ft. of space. Downpay $50,000 and pay off the mortgage by renting it out. or start a business of some sort, under the base of a internet cafe, operating internet marketing, mlm, creating softwares, and with services and etc... But obviously my plans are not realistic at all. I have absolutely no experience in business whatsoever. Most people around me says it would be wise for me to Purchase a Apt W/ 2 or 3 Beds so I won't have to worry about paying rent. But what I would like to do is generate well enough income to pay for my tuition. Could someone experienced in marketing/investing please direct me to a great source that has little risks generating income? Or please give me a great suggestion toward where I should invest this money in. HELP !!!
