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That entirely depends on where you are geographically and what your experience is running a business.
You say you got a payout from a business in which you were employed – which begs the question, have you ever run your own business? If so, great … maybe it’s time to get back to being an entrepreneur.
If not, you will need to do a lot of market research and inner-questioning of your own goals and motives, as well as your own personality, to see if you are truly cut out to be a business owner.
Know that it takes at least seven years to build a great business, and that includes people who have owned businesses before and who know what they are doing.
That said, you can cut-down your knowledge curve by working with a mentor or Business Coach who can guide you in getting your plans and systems down from the start.
As far as real estate goes, that really depends on where you live and the market conditions of your locale or municipality. If you live in the U.S. southwest, like I do, it’s a buyer’s market, however, there are other areas in other countries where prices are higher or there is not as much room for capital appreciation.
