You get 50k dollars tax free no catch what do you plan to do with it?

  • jordanlund
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    12 days ago

    I had that happen in January, I built my own bookstore.

      • venusaur
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        12 days ago

        They meant a “little library” for the front of their house.

      • jordanlund
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        11 days ago

        Nope, I opened a full bookstore for less than $10,000. The other $40+ is operating funds. I can keep this going for some time!

          • jordanlund
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            9 days ago

            How do you open a bookstore for under $10,000?

            Well, first you find a location with $600 a month rent. LOL.

            Floor was $350 and $500 to install it. Bookshelves were $1,100. UV window tint to protect the product was $500.

            From there it’s a matter of setting up accounts with major wholesalers and ordering product.

            Most folks don’t realize this, but in general, the markup on books is around 35% to 55% depending on the publisher and the service.

            I bought a bunch of nice Halloween stock for $6.50 a book, retail is $28.95, which is ridiculous. I’m selling them for $12.95 and still making money on them.

      • pdxfed
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        11 days ago

        How much could a bookstore cost Michael, $10?