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Projecting to make 150k this year... What's next?

Discussion in 'Making Money' started by hendricz, Jun 7, 2016.

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  1. hendricz

    hendricz Registered Member

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    I'm projecting to make 150k this year. I have many streams of income implemented, but log story short, I've got an authority site racking in an average of $5000 monthly from sales, 2 niche sites each making around $2500 per month, and a level two Fiverr account bringing in $1000 per month. I've also got a Youtube account which I monetize all of my videos, and they passively bring in another $1000 per month. I really don't know what else there is to do. At 17 years old, a high school drop out (well I haven't dropped out yet, but I'm failing out), my goal is to be a millionaire by 30, but either way, I will never have financial issues ever. I could stop now, never work again, and live like a king for the rest of my life. What's next. What would YOU do?
     
  2. Onizukafr

    Onizukafr Regular Member

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    Are you sure of this? where do you live, if it's in USA or western EU it's sure that it is not enough for an entire life. Anyway, congrats for this large earning, you should invest in other business and be a millionnaire at 20 ;)
     
  3. hendricz

    hendricz Registered Member

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    I'm in the US, and 150k is considered living the dream here
     
  4. virtualbyron

    virtualbyron Jr. VIP Jr. VIP

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    It's funny I just asked the same question to myself yesterday when I drank champagne with miss world in my lamborghini

    Nothing I just wanted you all know that I drukn champagne with miss world and I have a lamborghini, oops it's already so late I just look at the time on my gold watch

    Thanks for reading

    PS: if you have up your income at $10k / month you probably know exactly what to do

    [​IMG]
     
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    Last edited: Jun 7, 2016
  5. Noah Hawryshko

    Noah Hawryshko Senior Member

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    Scale up, you don't have to venture out to different things. Do the same things again.
     
  6. Onizukafr

    Onizukafr Regular Member

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    Yes 150K is huge, but if you stop all now, you will not live as a king for your whole life. Not enough to buy a king's house. If I where you I would just continue, reinvest on many new project and hire an army of VA to do most of the work.
     
  7. Henry04

    Henry04 BANNED BANNED

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    This smell, this smelly smell of bullshit..
     
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  8. Nick Pearl

    Nick Pearl Newbie

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    I have about a steady 6k income monthly and I'm hella lost lol
     
  9. 1morenoob

    1morenoob BANNED BANNED

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    Hit the 150k a year you've projected, I assume this is net profit but it sounds suspiciously like turnover.

    Keep growing, I'd try and start another revenue stream still that wasn't so reliant on google.

    Get atleast a few 100k in savings then decide if you want to earn 100-200k a year, not work too much and have a nice easy life or get rich rich.

    150k is roughly what I made in the last 12 months, its not exactly baller status. I'm in the UK but don't think your taxes are that different, 7-8k a month after tax.
    3k mortgage on house and bills
    1k on car
    1k on clothes and misc

    Only 2-3k left for fun/savings/holidays
     
  10. Skyebug77

    Skyebug77 Jr. VIP Jr. VIP

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    I have a big piece.....how bout you?
     
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  11. virtualbyron

    virtualbyron Jr. VIP Jr. VIP

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    $6k month and you fall for these micro niche?

    Come on... these stories never leads nowhere guys

    I never understood that it is the advantage of playing the big business man on a forum especially here, I mean it is not Linkedin, everyone is incognito here, I don't get the point to doing that
     
  12. authorityjourney

    authorityjourney Junior Member

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    buy some coke and keep on working day'n night
     
  13. uncutu

    uncutu Supreme Member

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    Talk to a financial advisor. There's a business/tax board here which will probably be better suited for this question. I would scale up and expand into more websites/niches. Hire employees. Put more eggs into more baskets. It may be daunting at 17, but it's possible. At that high level of revenue, the revenue bottleneck is usually you. Leave the low level tasks for employees, so you can focus on what's really important.
     
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  14. hendricz

    hendricz Registered Member

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    I really appreciate the feedback on this thread. Yes, I know I may have exaggerated the "living like a king" status, but it's still a life not worrying about financial struggles. No, I am not swimming in cash snorting lines of coke in Vegas. But at 150k per year, I make more money then most of the adults I encounter. I really like the idea of investing into other established businesses. I have no idea where to start though. With my websites, I simply purchased them on Flippa. I have never made a website in my life, lol. That's why I'm trying to learn how to do so with these forums. Thanks again to all of the responses.
     
  15. virtualbyron

    virtualbyron Jr. VIP Jr. VIP

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    My gold watch is bigger than yours man!
    And you have 17 years old ? So if you are a "rich kid" simply ask to your dad or hire someone like a consultant
     
  16. hendricz

    hendricz Registered Member

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    I have. Me and my dad don't have a great relationship, but he is well aware of my income and we are working on finding an adequate financial consultant to get my savings in order. And as far as taxes, all I have to do is file online through H&R block every year, and it does all of the calculations for me
     
  17. Italian Hawk

    Italian Hawk Power Member

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    Your net wealth isn't high enough to invest in private equity or VC. I'd say keep buying up web properties and growing that income but don't consolidate your income to one thing. Too much reliance on Google or any other aspect you can't control opens up your empire to crashing in a day.
     
  18. hendricz

    hendricz Registered Member

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    Sorry you feel that way. As others have insinuated on this thread, I am exaggerating the lifestyle because I'm not really "living it up". But the money doesn't lie - I am projecting to make 150k this year, and I have no reason to waste me time lying on these forums unless I am trying to learn new skill sets, which I am. You remind me of those people who think you need to go through the bullshit education system to make a living. Your response holds no value
     
  19. hendricz

    hendricz Registered Member

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    I'm trying to figure out why people are saying I only rely on Google. Theoretically, the only reliance I have on Google is through YouTube. My web properties and Fiverr account is not associated with Google at all - it is simply the Internet. And I don't see the Internet crashing anytime soon :/
     
  20. virtualbyron

    virtualbyron Jr. VIP Jr. VIP

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    My answer shows you how you are a spoiled child who knows nothing except use the blue card dad, everyone is free to find the values as suggested by the "like" above

    I will not help you, good luck