So I'm making 20k a month
- Thread starter wickid12
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ForeverNever
Power Member
- Sep 17, 2008
- 727
- 369
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.
then when you're a year smarter you can decide what to do with your saved money.
henga
Junior Member
- Aug 20, 2007
- 194
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realgangstas
Junior Member
- Jun 18, 2009
- 122
- 15
selling ebooks on dp 
NewWayInvest
Junior Member
- Sep 29, 2009
- 106
- 34
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.
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.
sevenfigurez
Junior Member
- Nov 5, 2009
- 184
- 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
NewWayInvest
Junior Member
- Sep 29, 2009
- 106
- 34
I would say online business is CONSTANTLY changing. Not that offline isn't, but online if you sneeze you're out of the loop.
sampo1time
Regular Member
- Nov 15, 2008
- 351
- 288
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...
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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.
warrior skunk
Newbie
- Sep 1, 2009
- 45
- 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.
kallen
Regular Member
- Apr 1, 2009
- 253
- 183
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)
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.
NewWayInvest
Junior Member
- Sep 29, 2009
- 106
- 34
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.
danizdeman
Regular Member
- Sep 29, 2009
- 237
- 187
Yup, REAL ESTATE is BEST investment at this economical period.
No more questions asked.
THE END.
No more questions asked.
THE END.
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