Making Money in Tough Times

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Baggage

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If you had a sudden small windfall, twenty thousand or so, what would you do with it?

Looking for Ideas that will make the money grow, not just a shopping spree or donating matchy matchy sets to all forum members, however much fun that would be!! Has to be equine or smallholder related :@)
 
Baggage said:
Looking for Ideas that will make the money grow, not just a shopping spree or donating matchy matchy sets to all forum members, however much fun that would be!!
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Damn! :-D
How about buying a 3.5ton van conversion horsebox and hiring it out as a self-drive thing? Person round here charges £120/day and it's booked solid through summer and at least every weekend in Winter.
 
That's a good idea about the horsebox thing, a livery yard if you have any room/land?
It's not equine related but buy a caravan at a holiday park and rent it out? That can generate good income I think especially in a good spot :-)
 
Personally I would shove it in a savings account for 9 months or so and then next year I'd invest in a property to fix up and sell on. But this is specific to my own personal situation, also the fact that OH is a tradesman helps. The reason it would go in savings for 9 months is that we are in the middle of moving and have a baby due in 10 weeks, I'd like some time to relax before I get going on the next lot of DIY!
 
It will earn naff all in a savings account at the moment.
I've often thought the self drive box hire would be a reasonable earner, depending on insurance costs of course.
 
Defo horsebox rental - if you wanted one anyway, it's a great. It will make you some money (maybe not thousands) but it will certainly pay for itself - plus you have a horsebox for your own use too :)
 
If you were to be thinking of anything with horseboxes for a profit you may require defra certification and a certificate of professional competency. Not necessarily a problem but bear it in mind.
TBH if considering this I would go for HGV license (always a good thing to have in hand!) and look at hgv wagons, offering to drive to and from shows/ hunts. Four horse wagon with living certainly opens up the possibilities. Actively promoted in local tack shops etc.
I would also be aware that you'll be required to disinfect and clean your box all the time. That in itself opens up an option; getting the horse part of your box thoroughly clean can be a pain in the bum. I'd probably pay someone quite a bit to give it a really good steaming etc so that might open up an additional revenue stream.
However, I don't think the numbers quite add up; you'd ideally need to put the vehicle purchase against your tax for it to be really financially viable. And do this every few years so it's the vehicle, sale afterwards and the tax loophole that makes the money.
Just my two cents though.
 
I would be worried about the horsebox hire tbh-you are not allowed to do this unless registered. Also I would worried about the box getting trashed!
 
Unfortunately, most things equine will not give you a decent return, even with more than 20k.

I'd be inclined to agree with blitznbobs, and put a deposit on a buy to let. Boring, I know - but, unless you are after a quick return, then property is always a solid long term investment.
 
Yes, horsebox hire is a hit and miss investment. It may make you some money but equally it will take a lot of upkeep and insurance, plus it will go down in value.

Property or land should hold its value or rise..
 
Dizzle said:
Personally I would shove it in a savings account for 9 months or so and then next year I'd invest in a property to fix up and sell on. But this is specific to my own personal situation, also the fact that OH is a tradesman helps. The reason it would go in savings for 9 months is that we are in the middle of moving and have a baby due in 10 weeks, I'd like some time to relax before I get going on the next lot of DIY!
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Or you could hide it under the mattress, which will be pretty much the same thing as putting it into a savings account for 9 months. :)
 
Sebastian said:
Or you could hide it under the mattress, which will be pretty much the same thing as putting it into a savings account for 9 months. :)
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If we ignore inflation...

No money in horses I would be buying a buy to let. Saying that though, my bonus last year was double that and I have no idea what I spent it on - it's not much after tax.
 
If it was me I would use it as a deposit to help buy land local to me (4 and a half acres) and use it as premises as our animal feed business with an aim of getting planning permission for a house to be built there.

That's just me, but it would be a great idea and be beneficial for everyone involved.
 
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