<div class="bbWrapper"><blockquote data-attributes="" data-quote="Momentum" data-source="post: 166324"
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What are the possibilities of creating a spinoff product or service that could be less hands-on?<br />
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It seems that if your business is earning roughly $200k/month, you've likely got a large audience that is quite pleased with what you offer currently. Is there an info-product or automated system that could be pulled from your expertise is this area and initially be marketed to your current customer base, and then to a larger market based on the success of those initial sales?
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Well, based on the way I'm running my business, I'm actually doing affiliate marketing, so I don't have contact to all the users I already have, only to new ones. And honestly, they are only interested in gambling.. I can't seem to figure out what else I could offer them.<br />
Only thing I could possibly sell would be my affiliate accounts on all the gambling sites I promote, but I doubt I could sell them for a reasonable price worth the sale.<br />
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<blockquote data-attributes="" data-quote="cashflow3000" data-source="post: 166420"
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data-content-selector="#post-166420">cashflow3000 said:</a>
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Is this money "under a mattress" or is it above board, declared, and spendable?<br />
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If it is mattress money its not going to be able to work for you.<br />
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If it is already declared and tax paid then you need to put it to work.<br />
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If you haven't read the Fastlane book go back and read it, at least the section on funding your lifestyle.<br />
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If a $100K/year lifestyle is all you need then you are set, any simple bank account or mutual fund will spit out enough cash for you to live forever.<br />
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If you need/want more than that then roll it up into some good cash flowing investments.<br />
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Have fun, and good luck!<br />
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JW Hagarty
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</blockquote>It's 100% declared and tax paid, but I was just wondering if 100k/year would be a decent lifestyle...<br />
I have no clue, since I'm moving with my parents at the moment, and I'll only move out next year probably..<br />
And for the person who asked, I plan on having a wife (I'm with my gf for 2 years) and 2 kids <img src="/community/imgs/emoticons/em-smile2.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" /><br />
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Oh, and according to the 3% thing, it would get me 130k/year.. or if I withdraw 4%, 174k/year..<br />
My main concern is about inflation..</div>