Hey guys, This question is for the guys and girls (and those in between) who are making a decent living online. My question is how are you guys re-investing your funds to make even more money? The share market is so volatile and superannuation and gold is just the governments churn and burn strategy for our own money. What are you guys doing to further your online income?
Well, to address the first obvious step: The first step is to reinvest into your capital to either improve quality (better hosting, servers, proxies) or equip yourself (that automation software you've been wanting, etc.). Also, project for a year to estimate the expenses you might incur, like new domains or hosting. Set aside maybe 50% more of your total costs to accommodate unexpected growth -- expansion in this day and age is rapid. After that, I think it's time to begin exploring savings and securities
I understand what you are saying but I'm way past this point. I'm more so looking at 'out of the box' ideas on investing some of my money. Yes I can keep it safe and invest in low risk investments like term deposits, etc but I would rather use some of it to do something that can make the nest egg grow a little quicker.
Why not real estate? You can find decent return if you put few hours into research. Stocks are at the moment quite high, it may go up and it may go down. I would personally keep it somewhere liquid and buy shares when the next crash comes. Question is not if, but when it comes
I reinvest it in my own business but also into cryptocurrencies, already made a ROI of 520.45% with that.
Where I live housing prices are just ridiculously expensive rising 10% or more year on year. We are very close to a housing bubble and prices should crash any day now. I do agree about keeping a stash liquid until the next market crash.
