Need some serious advice, What would YOU do with $50,000 dollars?

JoelB

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Pay off high interest debt and maybe look at annuities.

Depending on where u live you could by a modest townhome or atleast pay down a good portion of the mortgage with it.
 

MouseTeeth

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nikkas :eat: out here.

Seems like great advice. I'm not really that website-savvy though. Where would I even start? What kind of site should I look into? Could u gimme an "explain it like I'm five" breakdown? Thanks
 

PewPew

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Seems like great advice. I'm not really that website-savvy though. Where would I even start? What kind of site should I look into? Could u gimme an "explain it like I'm five" breakdown? Thanks

1. Think of what type of business you would want to make or create.

2. You could/can have an e-commerce website where you sell items. What you sell is entirely up to you, so i would suggest a lot of research before pulling the trigger. But you can never go broke with Health, Sex, and dating.

3. You could create a blog, forum, porn site, video site, mixtape downloading site, did i mention porn? The way you get paid on these types of sites is through ads and selling ad space. The more people that visit your website, the more advertisers will pay you for ads. MORE PEOPLE = MORE MONEY

4. Hybrid site. This is a business model where you do two things at once. So for example, you can create a blog about how you love Ferrari's and write about everything Ferrari related. From the cars, to the drivers of the racecars, to what the company is doing, to what new models the company is coming out with etc etc etc.

Your focus for the site would be Ferrari is what im saying, this is called your NICHE MARKET. So the way you would make money on you phantom FERRARI site is by selling advertisements or allowing advertisers to place ads on said site in exchange for money. BUT you can also sell items on your website that are related to ferraris. ferrari clothes, model cars, apparel, gadgets, and blah blah fukking blah.

The people who visit this site have the same obsession for the car as you do, so of course they wouldnt mind shelling out money for some of the items. Lets assume you get 100K visitors a month to your site, and out of that 100K, 1 percent buys a product for you.

thats 1,000 people buying a product on your ferrari website. say the average person spends just 20 bucks, thats $20,000 gross income on your site already earned for the month. keep in mind you still have a check coming from advertisers that should be pretty hefty if you pick the right network.

I have given you the keys to the kingdom. theres a lot of self proclaimed gurus making :birdman: money selling e-books about what i just told you.
now its up to you to use the info i just gave you and apply it if you choose, if not i wont lose any :snooze:

Good Luck:thumbsup:
 

MouseTeeth

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1. Think of what type of business you would want to make or create.

2. You could/can have an e-commerce website where you sell items. What you sell is entirely up to you, so i would suggest a lot of research before pulling the trigger. But you can never go broke with Health, Sex, and dating.

3. You could create a blog, forum, porn site, video site, mixtape downloading site, did i mention porn? The way you get paid on these types of sites is through ads and selling ad space. The more people that visit your website, the more advertisers will pay you for ads. MORE PEOPLE = MORE MONEY

4. Hybrid site. This is a business model where you do two things at once. So for example, you can create a blog about how you love Ferrari's and write about everything Ferrari related. From the cars, to the drivers of the racecars, to what the company is doing, to what new models the company is coming out with etc etc etc.

Your focus for the site would be Ferrari is what im saying, this is called your NICHE MARKET. So the way you would make money on you phantom FERRARI site is by selling advertisements or allowing advertisers to place ads on said site in exchange for money. BUT you can also sell items on your website that are related to ferraris. ferrari clothes, model cars, apparel, gadgets, and blah blah fukking blah.

The people who visit this site have the same obsession for the car as you do, so of course they wouldnt mind shelling out money for some of the items. Lets assume you get 100K visitors a month to your site, and out of that 100K, 1 percent buys a product for you.

thats 1,000 people buying a product on your ferrari website. say the average person spends just 20 bucks, thats $20,000 gross income on your site already earned for the month. keep in mind you still have a check coming from advertisers that should be pretty hefty if you pick the right network.

I have given you the keys to the kingdom. theres a lot of self proclaimed gurus making :birdman: money selling e-books about what i just told you.
now its up to you to use the info i just gave you and apply it if you choose, if not i wont lose any :snooze:

Good Luck:thumbsup:

Positive Rep! I wanna discuss the idea I had but I don't know if ppl r gonna laugh at me or wanna bite it.
 

PewPew

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It's only a crazy or bad idea until you prove it works. People thought the wright brothers were bat shyt insane but here we are
 

Rosie

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You did the right thing to pay off your debts...and until you decide what to do put it into a high yielding account for now till you have something concrete. Anything above 3% like someone said already anything under and you may as well hide it under your mattress.
 

Mr Uncle Leroy

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put 25k for the web business we gonna start :smile:

seriously, got some ideas (site in place, team in place, work on relaunch strategy, looking to scale)...might be able to turn up to 25k into 5x...in 24 months...

would really need to brain storm and see if it makes sense...
 

Mr. Manhattan

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go to film school, who knows you can play the nicca that Jason Statham smacks across the screen one day
 
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