u wont even earn ur first dollar... the interest rate of local
banks currently cannot cover the natural inflation... ie. u put
money in the bank n start waiting, u're gonna LOSE money...
my suggestion:
go for course and pick up a skill, such as building n fixing
computers, and sit for qualifications like "windows admin" ,
etc
use ur skill help those small businesses set up a local area
network at a low price, provide a service fixing n repairing and
building computers for others, do the legwork urself like going
simlim or whatever, buildup a base of contacts to get cheaper
prices after a couple of years or so.
after awhile, u can expand this business. for ur business, u're
prob gonna need a laptop or handphone etc to check latest prices,
email, remain contactable for clients, but cos u're in business u
need to keep up with times, dont hang on to ur stuff too long, sell
off ur gagdets after a couple of years and upgrade to newer stuff
every 2 years or so to ensure u dun get stuck with n0-value gagdets
n lose all investment in ur hi-tech toys
expand into other higher value and more expensive course, such as
financial planning, etc.
my point is, with 10k, there is NO WAY u can start up a
conventional business, manufacture a product, have an office, etc.
u need to provide a SERVICE that the man-on-the-street needs, to
ensure a ready pool of clients. and cos its a service u're
providing, u can be free to fix ur own prices for ur service.
but at the end of the day, if u're damn good and disciplined (i
know i'm not), u can prob earn enuff in about 5-6 years to like pay
for some distance learning course to get a degree or higher diploma
education to get a better job, but u will retain u're skills and
can continue ur own business on the sidelines if u still have
time.
