1 {{ upvoteCount | shortNum }}
1 {{ upvoteCount | shortNum }}

Do you plan to move offline too?

by FranklinMarketing
1 replies
  • OFF TOPIC
    • |
Does anyone here plan to take things offline after they make a certain amount online? Like for instance:

You make $100k online and then you buy a house for 75k. This is what I want to do. The market here in Ohio is not that bad right now for buyers despite what many think.

Wondering if this is a solid plan because we don't know where the internet will be in say 10 years. Thanks
  • Profile picture of the author Silas Hart
    I feel a lot of my online ventures are liquid assets I possess. Most of them are backed by physical investments. If I make $100k in a quarter after taxes, I would likely spend a quarter of that on something I could diversify such as a savings account that goes towards another asset or more, while the rest is used for an immediate purchase of a rental property, stocks, a mutual fund, etc. The earning/profit of my physical investments is what I use for things such as paying for a car, food, or continual reinvestment in ideas. In the end, when I no longer reinvest in anything and draw my funds, I will likely be in retirement.

    What I said probably doesnt sound clear.

    I take 25% and put it in a basic savings account because I don't know what to do with it, and in case there is an emergency.
    Other 75% I reinvest in things that provide a return in the future.
    {{ DiscussionBoard.errors[5648653].message }}

Trending Topics