1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

So I'm making 20k a month

Discussion in 'Making Money' started by wickid12, Feb 4, 2010.

Thread Status:
Not open for further replies.
  1. wickid12

    wickid12 Regular Member

    Joined:
    Dec 4, 2009
    Messages:
    363
    Likes Received:
    36
    So I'm making 20k a month autopilot after some serious hard work. My method is flimsy and it might stop working in a few years. Anyone know anything I can invest my 20k's that will work for sure?
     
  2. ForeverNever

    ForeverNever Power Member

    Joined:
    Sep 17, 2008
    Messages:
    727
    Likes Received:
    365
    spend as little money as possible and squeeze the method for all it's worth because you're right; one day it won't work and i doubt it will last more than a year even if it's white hat.

    then when you're a year smarter you can decide what to do with your saved money.
     
    • Thanks Thanks x 1
  3. kjr640

    kjr640 Registered Member

    Joined:
    Jan 25, 2010
    Messages:
    98
    Likes Received:
    2
    How do you make 20k a month ?
     
  4. henga

    henga Junior Member

    Joined:
    Aug 20, 2007
    Messages:
    185
    Likes Received:
    28
    lol :rolleyes:
     
  5. realgangstas

    realgangstas Junior Member

    Joined:
    Jun 18, 2009
    Messages:
    122
    Likes Received:
    15
    selling ebooks on dp :D
     
    • Thanks Thanks x 2
  6. justone

    justone Elite Member

    Joined:
    Oct 12, 2008
    Messages:
    1,519
    Likes Received:
    1,037
    Occupation:
    -
    Location:
    Europe
    Save your money.
    Think about a more lasting and stable method and invest your time maybe invest in an own server.

    Every investment is a risk, only good if you can afford to lose your cash.
     
    • Thanks Thanks x 1
  7. NewWayInvest

    NewWayInvest Junior Member

    Joined:
    Sep 29, 2009
    Messages:
    106
    Likes Received:
    34
    Occupation:
    Finance Lead Gen / Nutra / Development & Design
    Location:
    Scottsdale, AZ
    Home Page:
    There are so many ways, but personally I would take it offline. I would invest all of that into wholesale where you make a pretty much guaranteed return. You could set up your wholesale to go to a fullfillment center so you never have to see it or package and ship it. All you do is sell, or hire someone to sell it. If you have a lot of money, the profit margins are much larger.

    Another option would be buying up sites on flippa.com that are already generating revenue. After a year they'll all be paid off and you'll be also be left with a ton of rev.
     
  8. sevenfigurez

    sevenfigurez Junior Member

    Joined:
    Nov 5, 2009
    Messages:
    183
    Likes Received:
    46
    Although I would agree with investing in something offline, I disagree with you saying online business is not stable....you're saying amazon, google, ebay, and every business model that works online is not stable? lol
     
  9. HoNeYBiRD

    HoNeYBiRD Jr. VIP Jr. VIP

    Joined:
    May 1, 2009
    Messages:
    6,571
    Likes Received:
    7,683
    Gender:
    Male
    Occupation:
    Geographer, Tourism Manager
    Location:
    Ghosted
  10. NewWayInvest

    NewWayInvest Junior Member

    Joined:
    Sep 29, 2009
    Messages:
    106
    Likes Received:
    34
    Occupation:
    Finance Lead Gen / Nutra / Development & Design
    Location:
    Scottsdale, AZ
    Home Page:
    I would say online business is CONSTANTLY changing. Not that offline isn't, but online if you sneeze you're out of the loop.
     
  11. HugeMoney

    HugeMoney BANNED BANNED

    Joined:
    Jun 27, 2009
    Messages:
    185
    Likes Received:
    38
    what is "filmsy" ??
     
  12. sampo1time

    sampo1time Regular Member

    Joined:
    Nov 15, 2008
    Messages:
    344
    Likes Received:
    282
    I am in the same boat, making grands on autopilot with a method that will probably be absolete in a year or 2. Currently im just saving the profit till tax time to see what's left. Then I was thinking of thinking of investing in real estate or some solid stocks. IM is truely for the inovative and you can slip easily. I'm glad I'm profitable now but I have to constantly stay on my game. Looking for the gravy train, to invest in something that will work/grow in value for me be itself. No more competition, oversaturation, constant tweeking, linking, unique content, getting banned etc...
    Posted via Mobile Device
     
  13. iq465

    iq465 Regular Member

    Joined:
    Sep 12, 2009
    Messages:
    276
    Likes Received:
    58
    Occupation:
    Graphic Designer / Record Label
    Location:
    Chicago
    Home Page:
    I'm looking for an investor on a few technology-multitouch related projects :)
     
  14. wickid12

    wickid12 Regular Member

    Joined:
    Dec 4, 2009
    Messages:
    363
    Likes Received:
    36
    I was thinking stocks but those are gambles and I don't want to gamble away all this money... I'd be better of using it myself.
     
  15. warrior skunk

    warrior skunk Newbie

    Joined:
    Sep 1, 2009
    Messages:
    45
    Likes Received:
    25
    Well isn't every investment a gamble. I mean if you're worried about risk then I guess go get yourself a nice toy. You can get a nice fuel efficient vehicle for 20 grand. :D
     
  16. kallen

    kallen Regular Member

    Joined:
    Apr 1, 2009
    Messages:
    253
    Likes Received:
    182
    Occupation:
    "Mister Mom" + Full Time IM
    Location:
    Hickville USA
    Buy repo houses or condos and rent them out for now. Sit on them till the market returns in 5-10 years and then sell the suckers and retire. Hire a contractor to do some small improvements on each one, then add a couple of 0's to their invoice for tax purposes. Will give you a huge deduction to offset your earnings. Pay cash for them if you can... You can get NICE condo's in California right now for 80-120k or so that were selling for $300=350k 2 years ago. They still rent for $1500 a month cuz *RENT* has gone up, not down! Buy 3-4 of them and pay cash and you're sitting on $4500-6k a month for the rest of your life, and a HUGE nest egg of over a million bucks in $5-10 years when the market comes back... and if it takes 20 years, who cares... you still got 6k a month coming in... you can live comfortably on that alone. ($72k a year)
     
    • Thanks Thanks x 10
  17. wickid12

    wickid12 Regular Member

    Joined:
    Dec 4, 2009
    Messages:
    363
    Likes Received:
    36
    EXTREMELY interesting insight becatuse if it's 90k to buy and I get 72k back a year I have the cash back already and a great autopilot income and I can invest more and more until I get a 1/mil yearly autopilot income.
     
  18. NewWayInvest

    NewWayInvest Junior Member

    Joined:
    Sep 29, 2009
    Messages:
    106
    Likes Received:
    34
    Occupation:
    Finance Lead Gen / Nutra / Development & Design
    Location:
    Scottsdale, AZ
    Home Page:
    This is probably the best idea yet... Finding renters is about as hard as finding buyers right now though. I know in the south rent has went WAY down. But either way you'd be putting your money into something and getting it back wether its rented or not.
     
  19. toxtom

    toxtom BANNED BANNED

    Joined:
    Aug 10, 2009
    Messages:
    515
    Likes Received:
    197

    Best advice ever i would say
     
    • Thanks Thanks x 1
  20. danizdeman

    danizdeman Regular Member

    Joined:
    Sep 29, 2009
    Messages:
    237
    Likes Received:
    185
    Location:
    NJ/NY
    Yup, REAL ESTATE is BEST investment at this economical period.
    No more questions asked.
    THE END.
     
Thread Status:
Not open for further replies.