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What would you do if you suddenly got $15k? Inherited some money and want to pursue IM

Discussion in 'Making Money' started by kellu, Sep 23, 2015.

  1. kellu

    kellu Newbie

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    What would you do if you suddenly got $15k? Just inherited some money as my grandfather died and I want to pursue my IM career. Other than that, I have an income that is just enough to live on but I do have lots of free time.

    I'm still a total noob but I made my first $1000 with a Wordpress site last year and that inspired me to get more onto IM.. but I want to be sure not to waste my money on stupid crap. I was first thinking of buying some sites on Flippa, but it feels like a better idea to build stuff by myself.

    Any kinds of tips greatly appreciated. I have read a lot of stickies here.

    How would you personally invest $15,000 if you had the chance?



    **Please do not pm me any "brilliant opportunities" to invest in your venture ;)
     
  2. CubanParadise

    CubanParadise Newbie

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    This should be interesting
     
  3. Pohmx

    Pohmx Newbie

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    i have ~15,000 too but i have no idea what to do with them :/, i was thinking about offline bussiness ideas, and of course try all the methods that i can find in bhw, interesting...
     
  4. rachidhow

    rachidhow Newbie

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    Depends on what you want, White hat or Black hat. So choose wisely and good luck.
     
  5. lewwy789

    lewwy789 Regular Member

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    Keep your money in your account and learn IM through studying and testing, you will have to spend some money but not $15000.
     
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  6. Sythix

    Sythix Senior Member

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    I agree with this. Avoid Flippa too, most of the sites are crap and you are missing out on a much needed learning experience.

    I say pick a project and decide what you want to do and go for it. Like lewwy said, you will probably have to invest some money but not $15k worth. Make little investments a long with your journey. Buy programs as you need them, such as keyword research tools, Aweber, etc... Try to write your own articles, but if you get tired of it, you also have money to outsource anything you like.

    I recommend doing this, because you could easily blow $15k on a project that may have been a shot in the dark from the beginning, or you may grow tired of later on. By investing slowly into the tools you need, you are now building a tool box, and you can use these resources any time you'd like. You can now take on multiple ideas, and filter out the ones that aren't working, and persue what is working.
     
  7. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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  8. hulksta

    hulksta Junior Member

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    Go to vegas, get laid, put the rest of the money on red.
     
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  9. TayaX

    TayaX Jr. VIP Jr. VIP

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    if you have 15K and dont have a clue what to do with it then you're not made for IM or business in general
     
  10. Micahs

    Micahs Newbie

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    Go buy a few large instagram accounts and build your empire. ;)
     
  11. Sherbert Hoover

    Sherbert Hoover Jr. Executive VIP Jr. VIP

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    As I posted in another thread:

    Work on developing passive streams of income. I'd suggest taking that $15,000 and splitting it up as follows:


    $2,000 fun money: Do with what you want to, enjoy the fact that you came into a windfall, invest it in your personal well-being while you are still young.


    $10,000 investments: I'm not sure what country you are in, but in the US, I'd suggest investing in either an IRA, or Vanguard Index funds.


    $3,000 passive online income: Outsource the work needed to build one high-quality site every month. $3,000 should get you quite far, I'd say one a month for close to a year if you spread your money out.
     
  12. Beats

    Beats Newbie

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    If you are serious about learning Internet Marketing, or getting into Digital Advertising in general, then you should try paid advertising. Right now mobile is in so look for some solid mobile offers, get on a good mobile traffic source and start creating campaigns and testing stuff until you see the results you need. Rinse and repeat.

    If you are diligent and control your spending wisely you can probably hit a good campaign after spending just $5k and then the rest could be used to scaled up your campaigns big and blow them up.

    Just so you know some people make $xxx,xxx/month just running mobile offers.
     
  13. nisdee

    nisdee Regular Member

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    I would open something offline for a passive income next 10 years

    In my country 15k is enaugh idk for you :)
     
  14. Ilicfreelance

    Ilicfreelance Newbie

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    Save your money for now, and try searching for a method that looks interesting to you. Start learning, exploring and absorbing all of the information without spending any money. Then, after you acquire enough knowledge about the sphere you chose, feel free to start investing. I am saying this because you do not want to waste money on stupid things.

    I also advise staying away from Flippa.. do you know why? The passion and fun are in building the business, watching it grow day by day. Not in purchasing a one with a steady stream of income.
     
  15. davids355

    davids355 Jr. VIP Jr. VIP

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    Just get cracking regardless of the money. If you are into IM then just do what you enjoy and know you have the money there to invest if and when you need it.
     
  16. Davidnrog

    Davidnrog Regular Member

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    I would also go for opening something offline for generating passive income..
     
  17. SnoopyDrew

    SnoopyDrew Senior Member

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    You can keep 80 percent of that and put it away for a rainy day. Use the other 20 percent to outsource and maybe get some very quality links. Start building an authority website.
     
  18. jtrash01

    jtrash01 Regular Member

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    You can do a WORLD of things with less than $200. Put your money in your bank, then come back, and start READING A LOT.
     
  19. jb2302

    jb2302 Regular Member

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    15K thats a lot of .. i would have got money, i would be conyinue my work .. i would have put that 15K in Bank as Fix Deposit. that pays me 8% . I would use that as a backup money ,and using the intrust as a monthly income. and at some place place, i really have a gut feeling that i can make out of money , i would have invest there, and while investing i always invest max 1/4 of total i Have.