If You Were Earning 6 Figures A Year...

30 replies
...How would you invest it?

Personally, my goal is to hit that mark, and then invest it in a number of other business sectors with property being one of them.

I'm hoping that I will always be able to make a solid income online, but I also like to diversify my "business".

While investing in a number of different internet marketing strategies (PPC, SEO, CPA, List Building etc), I am also a big believer in diversifying my sources of income.
5 years from now I'm hoping it is not unrealistic to have a solid property portfolio earning me a solid rental income as well as my online business.

So what do you, or would you invest in if you were making a full time income online?
#earning #figures #year
  • Profile picture of the author FitnessNut
    As much as I love dreaming about "what I will do when I get there", we really need to take it one step at a time.

    Don't get me wrong I am extremely guilty of thinking ahead, but I think it is something a lot of people get trapped in!

    Gotta Crawl Before You Ball

    That said, I certainly have a number of online and offline businesses I will invest in when I am financially in a position to do so with my IM business.

    Good Luck Friend,
    Chris
    Signature

    "Any fact facing us is not as important as our attitude toward it, for that determines our success or failure."
    -Norman Vincent Peale

    {{ DiscussionBoard.errors[5185873].message }}
  • Profile picture of the author caseycase
    I am not at 6 figures yet, but I am making a full time living online, and I am investing in silver, food, and land before the economy collapses (not trying to start a political debate, just answering the question lol).
    Signature

    Free IM Info, No Junk - http://www.ironcladim.com



    {{ DiscussionBoard.errors[5185927].message }}
    • Profile picture of the author myob
      The stock market and real estate have always been good investments for me.
      {{ DiscussionBoard.errors[5185938].message }}
      • Profile picture of the author celente
        Originally Posted by myob View Post

        The stock market and real estate have always been good investments for me.
        yes we are just going through a cycle.

        Go and look up fourth turning, and you will see what is happning.

        Will the economy collapse. YES!

        But will that leave everyone high and dry and no money out there. NO!

        There will be plenty of money but supply and demand will change.

        There have been many millionaires created in many great depressions gone past, they just knew how to tap into this.

        Myself I studied this and have a double degree in business and I am already in niches that in the past did well during economic downturns.

        {{ DiscussionBoard.errors[5189477].message }}
    • Profile picture of the author Tom B
      Banned
      I think you should start slower.

      Search the forum for all posts asking how to invest $200.

      Do that and see what your ROI is.

      Then I would search the forum asking how to invest $1k.

      DO that and see what your ROI is.

      Then I would search for questions asking how to invest $5k and so on...


      If that all fails then hookers and blow for the win!
      {{ DiscussionBoard.errors[5185944].message }}
  • Profile picture of the author Eddie Titan
    Originally Posted by FitnessNut View Post

    As much as I love dreaming about "what I will do when I get there", we really need to take it one step at a time.
    I agree with Chris.

    Thinking about what you would like to do with your money does not produce more money.

    Originally Posted by TBInternetMarketing View Post

    So what do you, or would you invest in if you were making a full time income online?
    But to answer your question, I would take my money and invest it back into the internet The return on investment online is greater than anything I can find offline.
    Signature
    New Members Challenge! Join me in 2012. Set an income goal for the New Year and achieve it!
    {{ DiscussionBoard.errors[5185958].message }}
    • Originally Posted by Eddie Titan View Post

      Thinking about what you would like to do with your money does not produce more money.
      Thanks for the answers guys. Yea I know you have to take one step at a time, but I'm a big believer in visualization and setting goals.

      I'm not quite at 6 figures yet, but I'm on my way and making plans who to diversify my business and setup financial security.
      {{ DiscussionBoard.errors[5185991].message }}
      • Profile picture of the author FitnessNut
        Originally Posted by TBInternetMarketing View Post

        Thanks for the answers guys. Yea I know you have to take one step at a time, but I'm a big believer in visualization and setting goals.

        I'm not quite at 6 figures yet, but I'm on my way and making plans who to diversify my business and setup financial security.
        That's awesome man!

        Congrats on your success so far.

        & you are right Visualization is a very useful technique, that I am a firm believer in myself!

        Best of luck to you and your business going into 2012

        Cheers,
        Chris
        Signature

        "Any fact facing us is not as important as our attitude toward it, for that determines our success or failure."
        -Norman Vincent Peale

        {{ DiscussionBoard.errors[5186026].message }}
  • Profile picture of the author simonpiemon
    Personally, I'd always invest in businesses that have got good long term residual income generation, with minimal overheads.

    So the publishing industries are always good, affiliate marketing businesses etc.

    Things which can carry on earning income for years, with little or even zero overheads to manage those assets.

    Real Estate is okay, but, it has high maintenance costs, both in repairs, but also in management costs.
    Signature

    My stuff...
    1 simoncrabb.com (consulting and coaching - I've been a full time affiliate marketer since 2000)
    2 plrproducers.com (free and paid PLR products)
    3 concealeddeals.com (digital downloads deals site)

    {{ DiscussionBoard.errors[5186057].message }}
  • Profile picture of the author issac
    I have to agree with TBInternetMarketing

    Invest it back into whatever made you 6 figures a year, and try to make 7 (or 8?!?) figures!
    {{ DiscussionBoard.errors[5186062].message }}
  • Profile picture of the author co17197
    Ahhh yes.....that ever ending question of what would I do?????

    I am materialistic, so I know that I will be spending a portion of it.....
    Re-Investing in the business;
    Securing the future with stocks, bonds, mutual funds, etc;

    and probably creating some form of home or retreat for animals that have suffered, been abused or are in the process of living their last days on earth......(call me a softy)......
    {{ DiscussionBoard.errors[5186063].message }}
  • Profile picture of the author momfriend
    I wouldn't be on this blog looking for ways in increase my income and I would not be getting scammed from some of these WSO who think its funny.Its really not. What comes around goes around, we call it Bachi!!!!
    {{ DiscussionBoard.errors[5186426].message }}
  • Profile picture of the author Andy Money
    Diversify like crazy. Real estate, franchises, stocks, building brands online, etc.
    {{ DiscussionBoard.errors[5186935].message }}
    • Originally Posted by Andrew Maule View Post

      Diversify like crazy. Real estate, franchises, stocks, building brands online, etc.
      Yea that's the plan. Diversity is the key to survival in my opinion. I need to look into stocks a little closer (never really taken the time to understand them exactly). I would also consider getting a good financial advisor.
      {{ DiscussionBoard.errors[5189266].message }}
  • Profile picture of the author PPC-Coach
    Real estate baby!

    Nothing better then buying an apartment complex and having them pay you every month. Once it's paid off by THEM, it's all profit.

    {{ DiscussionBoard.errors[5189270].message }}
  • Profile picture of the author AeroBuilders
    Originally Posted by TBInternetMarketing View Post

    ...How would you invest it?

    Personally, my goal is to hit that mark, and then invest it in a number of other business sectors with property being one of them.

    I'm hoping that I will always be able to make a solid income online, but I also like to diversify my "business".

    While investing in a number of different internet marketing strategies (PPC, SEO, CPA, List Building etc), I am also a big believer in diversifying my sources of income.
    5 years from now I'm hoping it is not unrealistic to have a solid property portfolio earning me a solid rental income as well as my online business.

    So what do you, or would you invest in if you were making a full time income online?
    As a Futures/Forex Trader for the past 9 years my first advice would be to NOT invest in the stock market (no long term holdings - NONE). There are so many mind boggling structural problems throughout the worlds financial system that are currently being hidden through unending liquidity pumps (from disgusting and dysfunctional centralized banking entities - which are all privately held). The stock market is used to extract wealth from the uninformed and pass it over to the informed...SMART money LOVES to take DUMB money month after month.

    I make very strong six figure income as a trader, but my advice to those building wealth and multiple income streams through IM - STAY LIQUID!!!

    Don't start buying properties all over as you build wealth, just keep EXPANDING your IM businesses (through some reinvestment). Leverage portions of your wealth into additional income streams from new ventures - just keep building new businesses in your areas of expertise - leverage what you know! This will by far provide a better ROI than getting conned in the stock market from some junk fund!

    I personally don't ever keep large amounts of money in banks, and with the recent MF Global high tech theft of traders segregated accts, I no longer keep large amounts of money in my trade accts (with the three separate brokers I use). I do hold physical gold and silver positions that I have built up over 4.5 years (which are NOT in bank safety deposits boxes - heck no!). I also hold cash in several currencies which I feel would most benefit from any next major bank/financial system meltdown (NOT Euros or Dollars - heck no - LOL!!!).

    The new times we live in create a need to get very creative with wealth preservation and expansion. I like to have what I call "mobile assets" or to others - aircraft. I also like to have lots of liquid assets that can be moved fast if needed (currencies, gold & silver, some diamonds are even a good play, etc). For those who think they MUST own properties then I say buy OUTSIDE the US in developing areas (South America is one good example). I stopped BUYING properties in the US in 2006 and I currently have no mortgages and no additional debt. If you need something in the US then rent or buy low wholesale (bank owned, distressed seller, etc). Don't buy properties as an investment is my advice - not in the US.

    Leveraging portions of your wealth into additional income streams is by far the best game in town - one that YOU have control over and not the dysfunctional economy or volatile markets. Your main enemy will be the eventual US dollar hyper devaluation in the face of impossible to fix govt spending/debt. Get educated on ways to protect your wealth from rapid currency devaluations, as you focus on building additional income streams - this is the way to beat the game that has been designed so most of the masses lose.
    Signature

    Seeking JV partners for Forex Trading products

    Forex Trader & Trade System Builder / Health & Wellness Expert / Sport Aircraft Builder

    {{ DiscussionBoard.errors[5189518].message }}
  • Profile picture of the author Hugh28746
    Banned
    [DELETED]
    {{ DiscussionBoard.errors[5189671].message }}
    • Profile picture of the author Daniel Evans
      First I'd ask "What is six figures?"

      The answer can differ greatly depending on where you are in the world!
      {{ DiscussionBoard.errors[5189677].message }}
  • Profile picture of the author Kom
    Long Time ago when I havent have $10.000
    I was dream if I had $10.000 I can make alot of thing ( business, invest and so on )

    Now when I have that Money , I dont know also what to do with that

    Then I am thinking, Ideas is more make you success in life compare then money..

    But my answer for your question, I will do recycle business ( mobile phone, computer or cars dipending the money ) small invest big profite.

    just my opinion.
    Kom
    {{ DiscussionBoard.errors[5189750].message }}
    • Profile picture of the author Daniel Evans
      Originally Posted by Kom View Post

      Long Time ago when I havent have $10.000
      I was dream if I had $10.000 I can make alot of thing ( business, invest and so on )

      Now when I have that Money , I dont know also what to do with that

      Then I am thinking, Ideas is more make you success in life compare then money..

      But my answer for your question, I will do recycle business ( mobile phone, computer or cars dipending the money ) small invest big profite.

      just my opinion.
      Kom
      But also that 10k "a long time ago" was probably worth so much more too....
      {{ DiscussionBoard.errors[5189781].message }}
  • {{ DiscussionBoard.errors[5190369].message }}
    • Profile picture of the author kevinzeo
      Originally Posted by shireen View Post

      Hi:

      Shireen here :-)

      I'm investing in offline printing business & apartments
      I will do the same things as you,but more prefer to apartments
      {{ DiscussionBoard.errors[5196262].message }}
    • Profile picture of the author kevinzeo
      Originally Posted by shireen View Post

      Hi:

      Shireen here :-)

      I'm investing in offline printing business & apartments
      I will do the same things as Shireen,but more prefer to apartments
      {{ DiscussionBoard.errors[5196270].message }}
  • Profile picture of the author tpw
    I'd pay down my debts before "investing" in investment items.

    That is just the way I am... I feel that eliminating debt is the best investment I will ever make.

    Once I have eliminated all of my debt, then I would start looking at where I could put my money for the greatest return.
    Signature
    Bill Platt, Oklahoma USA, PlattPublishing.com
    Publish Coloring Books for Profit (WSOTD 7-30-2015)
    {{ DiscussionBoard.errors[5190445].message }}
    • Originally Posted by tpw View Post

      I feel that eliminating debt is the best investment I will ever make.
      Agree with you 100% Bill. I'm also a huge believer that getting rid of debt is very important. For this reason, I'm proud to say that to this day I have only ever bought a car in cash i.e. no monthly payments.
      {{ DiscussionBoard.errors[5192373].message }}
  • Profile picture of the author Joseph Robinson
    Banned
    First and foremost is paying off debt.

    Then (in this order) I would invest in my education, my emergency savings, and then my future. As far as diversifying for business, it doesn't really interest me. This is more of a means to an end kind of thing rather than a lifelong career that would require me to diversify.
    {{ DiscussionBoard.errors[5192402].message }}
  • Profile picture of the author Mattds
    I would probably use my six figure income to improve my general quality of life..

    I agree with joe128139 regarding investing in education, that is something that is vital for working in the fast moving industry of the internet.

    And maybe saving towards retirement
    {{ DiscussionBoard.errors[5192674].message }}
  • Profile picture of the author absolutelee
    I basically take money from my main income streams and do two things. 1) create new income streams, and 2) invest in stocks.
    {{ DiscussionBoard.errors[5192813].message }}
  • Profile picture of the author Rod Cortez
    I used to be a financial planner before I became a full time IMer so I can add some value here. Really, it depends on your age, your time horizon, your risk tolerance, your income, your assets and liabilities, the kind of insurance you'll need for yourself and your business, your core competencies, etc.

    There are so many factors involved that there's no such thing as a formula or cookie cutter answer.

    However, in general terms, people should get rid of their debt first. In some scenarios you can pay down debt and put your money toward a retirement fund as well as toward an emergency fund with no less than 6 months of living expenses. If you have any kinds of assets such as a home, a business, stocks, etc. you should also have some estate planning in place. You should always have a plan mapped out in the event if you become disabled or if you die.

    Once all that is taken care of, then and only then should you think about investing in other things. Taking care of your family and your debt should be top priorities. Once you have money to invest it's wise to:

    1. Invest back into your business until you've achieve your financial / growth targets.
    2. Diversify.
    3. Meet with a business financial planner to plan out an investment and tax strategy for the upcoming years. The vast majority of people pay more taxes than they have to because they think going to competent financial planner is too expensive, but in many cases, it's more expensive NOT to go to one.

    I earn my income from 4 places:

    1. Online and offline businesses.
    2. Real estate
    3. Investments (mutual funds, stocks, warrants, etc.).
    4. Intellectual property (licensing, patents, etc.)

    What's great about most economies these days is that there are thousands upon thousands of places to invest your money in. So always do your research and always get everything in writing with the proper signatures. Remember what happened to Jerry McGuire when he trusted the guy with a handshake and his word being "stronger than oak"?

    RoD
    Signature
    "Your personal philosophy is the greatest determining factor in how your life works out."
    - Jim Rohn
    {{ DiscussionBoard.errors[5193006].message }}
  • Profile picture of the author Joe J
    Hi All,

    I think I would build on my online business by finding and keeping the best employees that I could afford and trust, and then investing my money on furthering THEIR education and making them happy to be there so that THEY could enjoy working and earning for ME.

    And maybe one of them can help me break down my writing into several sentences instead of one long one!

    Joe
    {{ DiscussionBoard.errors[5195077].message }}
  • Profile picture of the author feliciayapsl
    I'd invest in real estate.
    Signature
    {{ DiscussionBoard.errors[5195417].message }}
  • Profile picture of the author Chicago87
    I would reinvest back into the business that is earning me the 6 figure net income and make it grow.
    I would also buy a house, maybe a three flat, so I can rent out two units and live in one.
    Stocks/options.
    Maybe a franchise depending on how much money I have and what kind of business I am in.
    Signature

    Nothing for sale. Just trying to learn and help.

    {{ DiscussionBoard.errors[5195744].message }}

Trending Topics