Some may remember me from this thread back in the days if u wanna call it that way
www blackhatworld com/seo/made-92-in-two-days-and-now.922097/
I was getting lazy, had other stuff to do but then kinda got back into it, made idk around 3-4k$ with quite a bit of work so nothing was easy or handed out to me like that.
Now getting a bit lazy again, I simply don't know why, probably looking for an easier way to make some money..
Spent a bit, now having 2k$ left over, willing to spend into something that might yield a great ROI over time!
Any ideas?
$2k is not investment money. A great "over time" ROI is 10-30%.
You aren't going to make 10x you rmoney. When people invest $50k into a business and turn it into a $10mil/year business, it's not actually accurate to say that they got an ROI from that $50k. They got an ROI from their time.
ROI off money is something you invest in without time, otherwise you're talking money + time. You'll make HUGE ROis off your own time, but if you're lazy, you're not going to have much luck there.
Even having $200k to invest is pretty small. You're going to make maybe $20k/year if you can find a good deal. $30k to $40k if you find an amazing deal. You could invest that $200k in an early stage startup and it might multiply, but that's just gambling. Angel investors don't do that. They invest in maybe 10-20 startups and they calculate the average ROI because they know 80% won't bring much of a return if any.
That $2k is essentially useless. It's so low it's not even worth considering in your plans for a business.
Here's your actual realistic options for it. Right now, your number 1 asset and the thing that CAN give you an ROI of 1000000x is YOU. With that in mind..
1) Use it to survive if you your income is low. Put it aside in a savings account and keep it for peace of mind to keep your stress low.
2) If your income is comfortable and survival isn't an issue, either put it in your business account so you have a buffer if your cashflow is down, or get yourself some equipment. New comfortable office chair, good desk, some really good pads/pens etc, or a new laptop with a big monitor if you don't have those. Extra monitors and a fast laptop will hugely increase your productivity.
You speak to ANY guy who's worth at least $5-10mil and he will tell you the same thing. No one who understands money will tell you to invest $2k. $2k in the bank is a lot more powerful at this stage for you than trying to "invest" it. Don't underestimate peace of mind. Smart business people keep cash in the bank. No liquid = a dead business, no matter how much it's earning, and from a personal standpoint not having anything in reserve is silly. Having savings as an entrepreneur is not the same as the guy who thinks his 40 year savings plan will make him rich. Your savings is there to keep your stress low and be used in emergencies to keep your business afloat, and at bigger levels for good opportunities. No point being worth $100mil if you don't have access to cash for new deals. Cash is king
(Content is not king
