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What Assets or Investments Make Your Payments?

kwerner

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Oct 4, 2007
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If you remember reading in the old RD books, the author mentions that one difference between the rich and the poor is how they purchase their toys or "doodads".

He said that if a rich person and a poor person each want to purchase the same doodad, the poor person will buy it and make payments while the rich person would invest in an asset, and his asset would make the payments for him.

So, with that in mind, if you wanted to purchase a new $3,000 doodad, and were limited to an investment budget of $10,000 what asset(s) would you purchase to make the payments on your new doodad?

(Feel free to change the numbers, just using those as an example, where your doodad is about 30% of your budget.)

Thanks for sharing your ideas.
 
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Boltzmann

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Oct 19, 2011
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Too bad people didn't seem to notice this thread.

If anyone has an answer or some suggestions, it would be great to hear them.

After reading the 20k ferrari thread, I'm curious as to whether buying existing online businesses is a real possibility for me. I know there are serious sites for tens or hundreds of thousands of dollars listed on flippa.com, but I'd be more interested in smaller ones right now. I'm still in college, and an automated website for a couple hundred dollars making $50/mo consistently would be a nice starting point for future investments.

Of course I could learn more about building ecommerce stores, affiliate sites, finding good niches, SEO and all that myself. I mean, I was impressed that those online stores with their 90s design that biophase has actually make money. For some reason I believed that the whole passive online income/affiliate websites/dropshipping/lifestyle design/4hww community is full of dreamers. Apparently not; he bought himself a Ferrari. :hl:

But I would much rather spend my energy on building a fastlane business that I have been working on for a couple of weeks now, where I will have full control. And for this I need to focus more on technical skills rather than marketing and copywriting right now.

So, does anyone have any advice on where to look for small(er) online assets or how to filter for them on flippa?
 

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