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Ran into some luck/gold

Discussion in 'Making Money' started by lperez2442, Aug 22, 2014.

  1. lperez2442

    lperez2442 Newbie

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    Hello everyone. Im 18 years old almost going to be 19 in a couple months and I ran into some unexpected cash. My mom recently sold some land and I gave me 10k. Instead of spending that money or putting it in the bank I wanted to know if you guys could give me tips or ideas if I should use that money for other options to get a better return

    Also, I have spent countless hours searching these threads for a way to make passive income (20 dollars a day would be enough for me ) but I just get confused and need that extra little help. Can some of you guys please help me out and guide me on a right path. To be honest I don't know anything about SEO click bank etc....I read a lot of threads and just need that extra push and get pointed in the right direction. Thanks again guys and please give me suggestions of ways to start my journey. In all honesty I would like to start a journey that doesn't involve the 10k first as I don't want to risk it and lose it all. First I would like to get comfortable with getting 20 dollars a day and then start reading on how to invest that money. If possible I would like to avoid youtube videos (or links where I get commission if people buy stuff) thanks again for the tips I appreciate it
     
  2. falarious

    falarious Registered Member

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    Create a wordpress website on the niche of your choice.

    Spend a few bucks buying some quality backlinks.

    Apply for an AdSense account or use CPA/Amazon

    Set it and forget it.

    $$$
     
  3. YoungLive

    YoungLive BANNED BANNED

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    does that seriously work falarious?
     
  4. Danisahne

    Danisahne Registered Member

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    Yes this does work, ok he explained it a bit simple but thats it, maybe you should not set and forget if you have the right niche you should work on that.
     
  5. veboo

    veboo Senior Member

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    May be you could make it with Forex trading or go with the stock market. But make sure you get pretty enough experience before you go wide.
     
  6. lperez2442

    lperez2442 Newbie

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    How much money would I expect to spend (Invest) in this method. Also, any other ideas where i can make some money. I would be satisfied with making 10-20 dollars daily as passive income (after a couple months work)
     
  7. DeiFic xD

    DeiFic xD Registered Member

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    Why don't you just put it in the bank and earn passive Interest. No work and NO RISK!
     
  8. rootz

    rootz Registered Member

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    I would not focus on AdSense. The return is quite little, compared what you can make with Affiliate Programs. If I were you, I would build a couple of niche pages for Amazon Products and earn money with the Amazon Partner Program. Just pick a niche, how you do it is described in countless threads, and write up some quality content. Or spend money to let someone write it for you.
     
  9. Numbuh362

    Numbuh362 Elite Member

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    Don't create your own site, if you really want to make money invest in something, for $10k you can open up a vape store or w.e u wanna do
     
  10. SmoothBlackHat

    SmoothBlackHat Jr. VIP Jr. VIP Premium Member

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    you know that 20 dollars a day is 20*365 = 7300 dollars a year. That means that you want to have a ROI of 73% on autopilot?
    What you want is a dream, my friend.

    of course you can get even more, but it will not be an investment, it will be your hard work on the website. I hate the phrase "passive income". It is passive only when you can sit on your ass all day and do nothing - this way you will not achieve 73% ROI.
     
  11. Numbuh362

    Numbuh362 Elite Member

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    I consider passive income to mean that you work on something and after a while you can stop doing it and still earn
     
  12. Bot Solutions

    Bot Solutions Regular Member

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    $20/day? Fiverr is the way you go.
    I earned like 1k/month there and i'm not even 18.
     
  13. nessie

    nessie Registered Member

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    There are a lot of popular threads here showing how you can easily make $10-50/day passively and in reality, it's not that hard. 73% ROI sounds like a lot but at $20/day it really isn't much. Of course it'll take a year or two of experience for a site to hit "overnight success" with generating $20/day passively, but again not too hard. Everything takes time and effort. Now on the other hand, 73% ROI passively on a million dollar investment, that would be pretty impressive.
     
  14. BHopkins

    BHopkins Moderator Staff Member Moderator Jr. VIP

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    Put the money in the bank. You won't earn much, but you won't be tempted to burn it on all of the PM's you're likely to get.

    Learn a skill online, sell that skill to local people and you'll have a job. A job is what most people do to earn money.
     
    • Thanks Thanks x 1
  15. mancar487

    mancar487 Jr. VIP Jr. VIP Premium Member

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  16. Pejlis

    Pejlis Regular Member

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    start writing a blog and see what you can do ,first think something that you are good at ,and write about it
     
  17. cmghoops32

    cmghoops32 Registered Member

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    Go to the making money section in this forum. Find 1 method you think is suitable for yourself. Tweak it, and do all of the work yourself. Don't spend more than $20
    Once you start making a profit, use your bankroll to scale and automate
     
  18. DylanC

    DylanC Junior Member

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    It will need a lot of initial work, but a big/authority site is definitely the way to go. Set-up a wordpress site and hire writers to produce content. Work on the SEO and social media for the site. After a few months, the site should be generating almost passive income.
     
  19. iliketowiggle

    iliketowiggle Newbie

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    Don't invest too carelessly, do lots of research. When you think you've done enough research, research more.
     
  20. fahad1

    fahad1 Newbie

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    well, start off by torrenting some lynda tutorials if you haven't got restrictions on that, learn to develop a few things, some wordpress would be good to start with. Then, if that starts making sense, go on buy some cheap server along with a domain. Hire a writer do blogging on some super unique stuff, like may be how geothermal energy works and how you could implement a system to cut costs. Something so, now keep that money still for now, see in a couple of months if you could get a few visitors of that particular blog, meanwhile keep on exploring what additionally you could put within the website, explore tools on wordpress and so and so. As you keep on progressing you would start getting better ideas where you should be spending your money, is it developing some small tool that you could sell of the website or pursuing the industry. FML! i'm just posting this to get my posts high so i'd post in JV. damn it.