What to do with $100K and beyond. Thanks for any help or suggestions or considerations.
Facts:
I have 2 kids 10 & 11 yrs
I am old (ish) at 51 years
I rent
I have average credit (no late payments, derogatory marks, short history) and weak work history (14 year gap, full time 1 year).
I have no assets or debts except:
$100,000 to invest
I currently live at my means
Possible goals:
(a) Grow money 14 years, pay children's accrued college debt in full, become poor.
(b) Become financially independent, help kids with college debt payments and/or live with me 3 yrs post grad (with specific plan).
(c) Become rich.
Methods I'm looking at
(a) modest rental property, putting any profit into stock/bond indexes at 80/20 split.
(b) put all into stock/bond index, rolling over profit
(c) explore risker, higher gain investments
(d) partner up with a venture capitalist acquaintance locally
(e) anything else within reason
My personal cons: living at means, run into subsequent money emergencies, tend not to save (all related, obviously), no history of financial abilities or family guidance, occasionally fearful/overwhelmed.
My personal pros: excited, optimistic, able, bursts of energy and enthusiasm, creative, can self limit, average intelligence, cynical but not overly so.