20,000 USD saved. What would you do with it?

[cplay]

If I had 20k this is what I'd do,

1. Spend 5k on an amazon fba business model, grow it for a year, with the right technique you could EASILY generate 100k a year, and then sell it on flippa. [Easy]

2. The next 5 k is spent to hire a developer or a group of them to create an SaaS and build it right with great customer support and a quality product, this will being you passive income and return is huge. [Medium]

3. The last 10k on a kickstarter for a product you developed (patent if possible) and has high demand, in less than 3 months you could generate 100-500k depending on the product and demand (something that people NEED or LOVE that solves a problem or makes life easier). [Difficult if you're a one man army like me, BUT doable].

I would go with the kickstarter since it's been the fastest money I made but the most challenging tbh, let me know if you got any questions I'll try to help on my free time.

Oh and buy a jrvip, you'll love it

Cheers,

Daddy1969

What did you build on kickstarter bud?

That business still doing well?

Thanks for such a detailed response!

 

[shiva990]

Invest in what you're confident, Even an offline business is good until it gives good profit, Never invest everything in one venture!

 

[grahamhead]

Also buying a solid domain name is a good investment.

This is a really undervalued method. I have a friend that does this and only this! He also rents them out to new startups who cannot afford the premium domain with a pre-agreed price at various stages of maturity.

 

[proxys_io]

Investment in advertising, part to the bank.

 

[ss_social]

I recommend you to NOT use your money on forex. I had a streak of bad luck this year and lost $15k in a day and that was harsh. (I made the money back though, thankfully.)

 

[b1step-ahead]

20,000 USD saved.

What would you do with it and why?

buy gold

 

[pankajjangir]

I will pay my credit card bill first.

 

[F4lken]

Send them to @Neon he will send 6,7 Etherium back sir

 

[Ernestismyname]

First of all read the book, Rich Dad Poor Dad.

It'll teach how to invest is assets not liabilities. Then I believe that it'd be best if you did your own due diligence. Talk with a professional and not some know-it-alls on the internet (some people know what they're talking about but most haven't done shit of their own).

That's what I'd do.

 

[Hamim Hosen]

Invest a profitable Website.

 

[roki4ka]

I would add them to my crypto portfolio.

 

[zionbar]

do absolutely nothing with it. keep saving til you reach 100,000 at least

 

[DMWD]

If you have a background in SEO and SMM, you should really get started there.

You already have the knowledge to help businesses succeed, so why not get paid for doing so?

If it is not the type of work you enjoy doing, I recommend you take some time to find out what you really enjoy, then find a way to monetize it.

 

[MrAnta997]

How much have you made in crypto and over what period?

Also, what have you lost?

Don't wanna talk numbers that much, can pm you (it's under $500 so no need for extra details).. I'm focused on % gains.. First month was about 20% I could say.. I'm not organised good enough, so yeah.. xD I'm tryin to hit 3-5% daily (not compound, when i make a line after a month, I wanna have gain 3-5% based on the beginning of the month).. It's not simole, but it's not that hard.. I'm still newbie..

I actually lost maybe few trades (1-2% on typos.. Made mistakes entering the prices on which to sell, so I sold under my buy.. xD As I said, newbie..).. Every trade that started going south, I just set my sell on break even and start again.. I kinda play it really safe, don't really have money for fucking it up, so gotta be patient.. xD

 

[Dillon]

cocaine and hookers my friend.

Agreed.

--

On a real note, buy something that's already profitable such as a Website, I'd reccomend to buy multiple that equal a good income source besides one big blog, unless it's stable

 

[Robyries]

Buy property like house, apartment and rent it..

Otherwise invest in cryptosystem, will get you daily profit for forever

 

[Faceless Men]

start CPA marketing. You have enough money to test many offers & traffic sources. Find out what works for you & scale

 

[whathat]

Do you only have money, or also some skills? If you don't know what to look for in a profitable website, don't buy one. You should learn more or find a partner you trust who has the knowledge but needs money.

@seocrab is right. If you have no skills or knowledge you will lose 20K fast. Best bet is to hold on to the money for awhile and STUDY, STUDY, STUDY. Then when you feel you have enough knowledge, stop, do nothing, and STUDY some more. I don't mean to say that you should never take a chance and jump in the game, only to take a deep breath, slow down, and make educated decisions.

 

[ladyboyboom69]

People that kept studying lost the wave and became teachers which are making no money. Im in the same boat and studying more and more makes you better but execution beats studying any way possible! Confidence and execution will trump anything else. So my best advice is to find something you love and start a company around that, or invent something and focus on creating a company around that.

@seocrab is right. If you have no skills or knowledge you will lose 20K fast. Best bet is to hold on to the money for awhile and STUDY, STUDY, STUDY. Then when you feel you have enough knowledge, stop, do nothing, and STUDY some more. I don't mean to say that you should never take a chance and jump in the game, only to take a deep breath, slow down, and make educated decisions.

 

[appProgrammer]

Buy JrVip... Then start a business. Buy a motor home, and live life on the road.