Half a mil journey ( 500k $ )

2013 was an interesting year for me with good and bad things that happened.

Quick bio:
I have been web developing for about 9 years, mostly for fun and profits. I have been earning decent from freelancing, not too much but I was satisfied as a kid (from 4k $ per year up to 17k $ from freelancing). I always wanted not to depend on anyone else, maybe it was selfish, but that's what kept me motivated to want even more.
In 2013 for the first time I had the chance to work full time for a mid size company, everything was ok (friendly people, good salary, etc) but I had to quit my job because i felt i was running out of time and I was sure I could do more. I'm also in college, kind of messed up in there due to my work.

Goal:
My plan for 2014 is to reach 500k $ from multiple sources of passive (or almost passive) income. This thread is to keep me motivated plus to motivate others. I see plenty of people wasting their time, specially youngsters like me( in their 20's ) and I really feel that they are going blind with their life.

My income right now:
Long term investment, making about 30k $/month from transactions ( something like forex... ), but it's really volatile. Last month I lost 16k $ in just one night so you could get my point.

Testing another source right now:
Day 1: Deposited 4k somewhere and i want to get 3% - 5% / month from interest rate.

I like to develop things so I was thinking at a few things i might try this year:
- public proxy scraper
- web scraper ( like moz/ahrefs/semrush )
- vps/server provider ( it's harder with automation, plus plenty of time required for support )
- certificates of deposit ( bigger interest rates than banks )
- currency exchange ( investigating all the legal paper work that has to be done )
- encoding algorithm into images ( hobby of mine )
- compression algorithm using pi ( hobby )


Last 2 ideas are just for fun, and probably won't even make more than 50$ each . After all it's not just about working is about having some fun as well.

Still thinking and investigating new ways to cash out, i'm not really into affiliation, I like to be the one with products who cashes in.

Any questions and suggestions are welcomed!

So what's the other source you're testing?

Good luck reaching your goal! I set mine to half the amount you're after this year. I'm interested to see how things pan out for you, I'll be keeping an eye on this thread

The other source right now is to lend money at higher rates than 3% per month, just to make a quick buck doing mostly nothing.

Good luck hip hop now is a better time than ever to start a journey thread.

Keep us updated!

Making 30k per month at your age (any age really) is pretty sweet. You have that entrepreneur mentality, I hope to see you reach your goal!

Good luck on your journey OP

can't understand your last two {ideas|hobbies} (i am not a developer )

good luck for your journey.

-=-

16K$ in just one night, its really a shocking stage, best of luck with 500k journey.

Good luck, you'll need it.

best of luck in your journey!

good luck with your journey man

Hey Pal Good Luck Hitting Your Goal..
Keep On Working Hard..

Hey man ! good luck ! You sound skillful !

Keep us updated,Good Luck OP.

hip_hop_x said:

The other source right now is to lend money at higher rates than 3% per month, just to make a quick buck doing mostly nothing.

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This is easily the quickest way to make money nowadays! Private loans through webgateways.. legal.. quick.. easy 5-10% per loan. Try digging into that area, there's lots of cash to be made

condadon said:

this will be interesting. mind if i ask you where you are investing in right now? i assume you are daytrading?

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Binary Options?

A lot of this stuff is a scam, a slight delay in getting your trades on or off and you've lost money even though you were in the black when you hit the button.

It's amazing that it hasn't changed even today from the days of the ticker tape, I highly recommend reading "Reminiscences of a stock operator" - highly entertaining read and very insightful.

condadon said:

this will be interesting. mind if i ask you where you are investing in right now? i assume you are daytrading?

Click to expand...

Well it's not really forex as i mentioned, mostly because odds are against me. A small statistic show that about 90% fail in forex.
I'm into digital coins (such as bitcoins) and for quick cash I keep exchanging them when price goes higher/lower without leverage. I have more investments into this "area" but I can't reveal how i make the big $$$$ for obvious reasons

Day 1:
I invested my 4k$ and i'll get about 170$/month doing nothing
Started making a list regarding public proxy providers, and got about 6 reliable websites.

Day 2 (mostly developing for today):
- Create a base for the proxy scraper, design the database and things similar to this.
- Make it sort of plugin based, in case something goes bad to be announced and to be easy for me to optimize.
- Discuss with someone else for a landing page for my proxy site.
- Investigating asynchronous tcp/ip calls, to verify ips about 80% faster than any normal solution. It's eliminating the timeout solution when checking a dead proxy, instead of waiting for timeout to end (normal case), i just have to send a syn packet and if i get back syn-ack then ip is on.

Image bellow shows how the ip handshake is being made.

Today 8/01/2014
I haven't added anything lately, because I was developing day and night testing things out. Right now I am feeling a little sick so I decided to take a break to post something over here how things are going.

The road towards proxy project is going well, landing page is almost ready and the "engine" to crawl, index and test proxies it will be ready by the end of the week (if i'm well). It's in the early stage, part of it is working and indexed about 100k proxies so far and keeps finding new ones.

My long term investment is looking damn sweet even if it's volatile, the profit is higher than expected. If things are going like this, by then end of the month I might end up with another 40k - 60k which will be great and will save me some time.

To reach 500k in 1 year i will need an average of 41.6k per month.

Beside developing, plenty of brainstorming has been done during this time. I figured a way I could do my own investment jv to give back like 1% -> 1.5% back per month (that's about 12% - 18% per year pasive income), risk free (well not risk free but money is insured). And thinking to implement this into something like a platform (to get things done automatically).

Sorry if I'm disappointing you guys in case you are expecting some "usual" methods mentioned in this forum, I think that most of them require a tone of work, they have a higher level of risk than all my investments combined and the competition is high.

For example I think I do well in seo but I don't focus on that because it's time consuming. I was able to rank for most of the "seo" related keywords (early 2013) in top 25 in my country.