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Got $20,000 - What To Do with it?

Discussion in 'Making Money' started by 229tom, Oct 22, 2011.

  1. 229tom

    229tom Regular Member

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    Got 20k I have saved up this year, - If you would have that kind of $ lying around and doing nothing what would U do with it To Make More $?
    Ultimate goal is 70k to buy house,but it will take some time to get only from what im saving up.
     
  2. rever20

    rever20 Junior Member

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    Why not investing more in what you do know, if it is scalable? Just outsource it.
     
  3. 2DHades

    2DHades Power Member

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    Save 15k for house. Invest 7k in making websites. Big authority ones - make deep KW research, SEO competition research, etc. Purchase tons of content, invest in seo... proffit

    Cheers
     
  4. BlackSeng

    BlackSeng Jr. VIP Jr. VIP

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    All on red!


    [​IMG]
     
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  5. JasonG

    JasonG Regular Member

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    Spend about $200 outsourcing 10 different projects that you think might work... if one of them looks promising (as in you make your money back plus some), spend another K on that one doing what you did only bigger, THEN pick 10 more, keep doing this so you have diversified your income and you are letting your money work for you rather than you working for your money :)
     
  6. pathart

    pathart Senior Member

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    invest in Gold ! Or just find a niche and slowly scale up :)
     
  7. accelerator_dd

    accelerator_dd Jr. VIP Jr. VIP Premium Member

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    Since you got to the point to save that money and make even more, I would suggest you invest in something you are familiar with or someone you trust is (if he handles it). Any business can be scaled, and you seem to be doing a good job.

    Look for ways to do things better and more, that always requires cash - that's where you'll have the best change of a good ROI
     
  8. NapsteR

    NapsteR Jr. VIP Jr. VIP

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  9. G-S-T

    G-S-T Executive VIP Jr. VIP

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    Have you considered giving some money to a local charity? You will find that its quite satisfying to know that its going towards helping those less fortunate than yourself.

    If its £5,000 or £50, the principle is the same. Give some homeless guy on the streets £100 and watch his face light up, now thats real gratitude right there.

    Shit like that actually motivates you even more. Plus a bit of good karma never hurts anyone.

    Or, give it to Nikolai

    http://www.youtube.com/watch?v=0o8XMlL8rqY
     
    Last edited: Oct 22, 2011
  10. tonyy

    tonyy Junior Member

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    I would go to a local investment bank to get the most of that money with the less risk, with the monthly proofit i would invest it in BH ventures.
     
  11. MrSmit

    MrSmit Newbie

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    Donate $2,500 to Ron Paul!
     
  12. kaooo

    kaooo Junior Member

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    Buy i big blog network and sell backlinks service with it ;)
    buy 500 domains and 500 different class C ip and charge LFE users 200$ a month ;)
     
  13. PinkyX

    PinkyX Power Member

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    If you don't know anything about seo and web dev, I wouldn't spend the money on online biz atall.
    Honestly asking about what to invest on an online forum draws me to a conclusion that you shouldn't invest at your own at all.
    Probably you should invest the money into a fund managed by professionals.
     
  14. aghunk1

    aghunk1 Registered Member

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    Invest in a tavern....:p
     
  15. Sleinad

    Sleinad Senior Member

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    Save as much of it as possible, and spend about $2k on some projects, or more...you can't really ask what to invest in because everyone is different and it depends on a large amount of factors on what you should invest in.

    Just reinvest in what you have been doing, make some new sites, and why not buy some gold
     
  16. hateandbreak

    hateandbreak Supreme Member

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    Mobile marketing to build an empire ;)