Do you mind sharing what it is?
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.
Join over 90,000 entrepreneurs who have rejected the paradigm of mediocrity and said "NO!" to underpaid jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence.
Free registration at the forum removes this block.I would recommend getting a $600-per-year membership at the Elevation Group (www.theelevationgroup.net). He goes into detail on how to invest that level of wealth, as he is a multiple 7-figure earner himself. Small price to pay for the information provided, to say the least... especially if you have the money to actually make shit happen with that information.
I've heard of the Elevation Group...but I thought it was a scam. I don't have the kind of money I need to focus on investing yet, but I'm interested in hearing more about your experience with the Elevation Group.
How does gold generate income?
it doesn't..unless you put it at risk. You can lease your gold out and generate a small return but that kind of defeats the purpose of buying it.How does gold generate income?
Personally, I don't think it's enough money. Considering how young you are, you'll probably need $10 million to "retire" comfortably.
My advice is, you should sell your site and start investing (like MJ)! It's not that hard, but the key point is, you need to know what kind of a trader you are. Don't trade like the average buy-and-holder. You should trade long term, 10 year trends, which are much easier to identify than 2 year market movements. E.g. commodities are in a long term, secular bull market, and from a timeframe point of view, the bull market should end around 2017.
Just my 2 cents.
How does gold generate income?
You say 200K isn't that much when you start to live bigger.
How much do you make a month?
Personally, I don't think it's enough money. Considering how young you are, you'll probably need $10 million to "retire" comfortably.
My advice is, you should sell your site and start investing (like MJ)! It's not that hard, but the key point is, you need to know what kind of a trader you are. Don't trade like the average buy-and-holder. You should trade long term, 10 year trends, which are much easier to identify than 2 year market movements. E.g. commodities are in a long term, secular bull market, and from a timeframe point of view, the bull market should end around 2017.
Just my 2 cents.
A tip from a guy who has read far too many failure stories: Investing is a whole different ball game. Just because you made $5 million from affiliate marketing does not mean you are a smart guy. It doesn't mean you're good with money, either. It doesn't mean that you will be a great investor, or businessman, or any of that. All it means is that you're good at affiliate marketing in your chosen niche.
If you take the investing route, be prepared to learn about basic finance, how to read 10K's and 10Q's, what investments do and what options do. If you take the business route, be prepared to learn about a whole shitload of stuff. We don't want to see you broke, so don't squander your fortune in bad business deals, schemes and shitty investments.
Join Fastlane Insiders.