“A franchises a type of license that a party (franchisee) acquires to allow them to have access to a business’s (franchisor) proprietary knowledge, processes and trademarks in order to allow the party to sell a product or provide a service under the business’s name. Investopedia defines a franchise as follows: So do franchises make good investments? Let’s take a closer look. It was a movie of course, but it’s based on the real-life Tuohy family, who did in fact get rich with fast-food restaurant franchises. Who can forget the line by “CJ,” the young son in the movie The Blind Side, who said, “My Dad owns like a million Taco Bells…”? (Actually, it was “only” 89, and it was Taco Bell and Long John Silver restaurants, but who’s counting?) We’ve all heard plenty of stories – or at least rumors – about people who bought into certain franchises and made a fortune. That last one – investing in a business – opens up the question of franchises: Do franchises make good investments? You can do that by getting additional training or education, developing new career or business skills, or by investing in a business. It’s sometimes said that one of the best investments is to invest in yourself. We may receive compensation when you click on links to those products or services This article/post contains references to products or services from one or more of our advertisers or partners. How to Boost Your Savings With a CD Ladder.What’s the Difference Between Saving and Investing?.Best High-Yield Savings Accounts For 2021.How to Offset Capital Gains Tax On Your Investments.How to Pay Less Taxes on a Six-Figure Income.How Taxes Affect Your Investment Portfolio.Net Worth Trackers: 7 Best Apps & Tracking Services.Best Budgeting & Money Management Services.Should You Pay Off Your Mortgage or Invest?.How to Choose an Online Financial Advisor.Robo Advisors for Socially Responsible Investing.How to Invest in Single-family Rental Homes.How to Invest in Commercial Real Estate.Selling a Rental Property? Decrease Your Tax Burden.Best Real Estate Crowdfunding Sites for 2022.How to Invest in Real Estate With Little Money.Bitcoin Cash: Which Is the Better Investment Today? How to Cash Out Bitcoin on Various Platforms & Apps.How to Sell Bitcoin and Cryptocurrencies.Tax Guide to Cryptocurrency Investments.Should You Invest in Bitcoin? (Deep Dive on the Risks in 2022).ETF vs Mutual Funds (and Index Funds) Comparison.How to Beat the Top Traded ETFs & Mutual Funds.Direct Indexing – Beat the Mutual Funds at Their Own Game.How to Invest in Index Funds: Do It Right.Stansberry’s Investment Advisory Newsletter.Best Stock Picking Services & Screeners.Traditional vs Alternative Asset Classes.How to Diversify Your Investment Portfolio.Should ADRs Be Added to Your Portfolio?.How to Know If a Company or Fund Is Really ESG.How to Invest 50k: The Best Place to Invest Money Right Now.How to Invest $1,000: 8 Best Ways to Invest Right Now.
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