What to Do with $10,000 a Month?!

11 years ago

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11 years ago

Don't be a dreamer planning on how to spend your future wealth. Create the income first - and then decide how to spend it. Works better that way.

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The Marketeer

11 years ago

Originally Posted by Kay King

Don't be a dreamer planning on how to spend your future wealth. Create the income first - and then decide how to spend it. Works better that way.

Funny you say that. Most sensible people would say that BUT...

In a one of Gary Bencivenga's bullets or pieces of marketing advice entlitled "The 3 Greatest Copywriting lessons", he said that visualising what it would be like when you've made it or visualising the ideal that you want before you get it, is a very important part in the road to achieving it.

The more you imagine and the more detailed you can make that picture, the better it is, as it acts as a motivator.

"Doing this will inspire you to live out your vision."

I've heard this same advice echoed by other very successful people.

Thanks

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Mikal Laster

11 years ago

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The Marketeer

11 years ago

Originally Posted by Mikal Laster

I agree,

Best Regards, Mikal Laster

I like the idea of visualising the results before hand. In fact before Jim Carrey became famous he wrote himself a cheque for a very large sum of money even though he didn't have it at the time. Apparently that motivated him to get to where he is now.

My above post was actually in reference to this reply to your post:

Originally Posted by Kay King

Don't be a dreamer planning on how to spend your future wealth. Create the income first - and then decide how to spend it. Works better that way.

Thanks

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MikeTucker

11 years ago

1. Start a dog farm in Texas. Make them wear sunglasses and funny hats.

2. Spend time in forums with a very disturbing quote in my signature line.

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celente 11 years ago

Originally Posted by MikeTucker

1. Start a dog farm in Texas. Make them wear sunglasses and funny hats.

So that was you out on our farm taking notes and stealing our idea. BUSTED!
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celente

11 years ago

Gamble

drink irresponsibly.

feel up random women at strip clubs

Hide from the wife.

Then sober up....and sit down and work out a way to ramp things up to $20,000 a month.

Probably with more media buys, bigger email lists, more JV's, and especially more affiliates and adding products to the sales funnel and stuff.

Then when all is said and done, go back to the gambling and drinking irresponsibly thing again, cause I bloody earnt it. LOL

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Danielle Lynn

11 years ago

I second the dog farm idea - Let's JV!

And on the serious side, I'd go with what Kay said.

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skagenweb

11 years ago

Buy a cafe in inner city Birmingham selling coffees and cupcakes, making returns on my IM earnings!

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mikeac

11 years ago

Take a One week Vacation to Rio De Janeiro, Brazil, then come back and step it up to break at least the 20K mark

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Mikal Laster 11 years ago

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- Daniel Evans 11 years ago
  
  I'd save it / reinvest back into the business.
  
  Daniel
  
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Genycis

11 years ago

I would first put some money in the bank into a decent account like an IRA.
I would then also put some money into a bank account for our son.
I would also put some aside for my wife and I to enjoy a bit of it.
I would give my mom and dad some money to help them out during their rough moments.
I would reinvest a portion of it to try to upscale it to 12k a month, then 15k, rinse & repeat.
I would buy a chunk of food and give it to a homeless shelter
I would give some to a children's charity or elderly charity of some sort (or cancer charity especially after losing an aunt, an uncle, and a close friend to it and seeing others who continue to suffer from it)
I would give some to a small but reputable church (I gotta give some back to God if I'm ever lucky enough to be blessed with making 10k or more a month every month!)

I would put some aside til I made enough 10k or more months and then get us a bigger house, a new car (fearing my old little 2001 Saturn will kick the bucket sooner or later), and other things.

No particular order but things I would love to do with money if I had it.

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Mikal Laster 11 years ago

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- Genycis 11 years ago
  
  Originally Posted by Mikal Laster
  
  Perfect Perfect Plan, Soon you will me making that mad dough.
  
  Good heart man!
  
  Best Regards, Mikal Laster
  
  From your mouth to God's ears Mikal! I surely hope to make the money I imagine making... it'd be nice to be able to help out those around me who have helped and guided me in life... least I could do! Thanks for the compliments on the good heart... it's a Pisces thing. LOL!
  
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  Genycis
  -- Absorbing & implementing. Need hip hop beats for your business needs? Hit me up!
  -- Posting my experiences and so forth with my own blog.
  
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jbrownmarketing

11 years ago

I would look for a way to invest it in new businesses or to make my current business grow while spending the rest on me and my family.

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Mikal Laster 11 years ago

Originally Posted by jbrownmarketing

I would look for a way to invest it in new businesses or to make my current business grow while spending the rest on me and my family.

What kind of other business would you be looking into?
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JohnDBrewer

11 years ago

Myself...I would get out of debt and then once that was done. I would begin finding charities to help and do mystery santa every christmas and maybe a mystery bunny for easter and mystery leprechaun for st patty's day....I think you get the idea.

Oh, I forgot to say...ramp up to $20,000/mo.

John

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buckeyes09

11 years ago

I would use it to pay the bills, then split the remainder between reinvestment and saving for a Mercedes (my end-of-the-year goal).

Thanks

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Christian

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buckeyes09

11 years ago

E63 AMG

You can get one a few years old (07-09) for $50K, or $89k retail new; I'd get one a couple of years old to save a few decades. God, they look beautiful.

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Christian

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Mikal Laster 11 years ago

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- buckeyes09 11 years ago
  
  Originally Posted by Mikal Laster
  
  Perfect Choice!!!
  
  Oh yeah. I little pricy, but it's one reason I'm working as I am is so I can afford items like that.
  
  Thanks
  
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  Christian
  
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WebMarketWiz

11 years ago

Save, reinvest in my business, and take a vacation

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ryannull

11 years ago

I would invest it in my business and expand. I would also start looking for offline opportunities to invest in too.

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paul_1

11 years ago

I would make sure that I save half of it in a bank and forget about it

Then the half, I would use to invest more to the business to make it bigger thus, more income!

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colinaudie 11 years ago

Would reinvest into my business to up the output so that it reaches a point where I dont need to think about what to do when I have 10K free, that can be used any way I deem appropriate.
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Dawn Wise

11 years ago

Originally Posted by Mikal Laster

If you had a constant recurring 10k a month, What would you
do with it?

Many possible things. There's not enough information specific to what you do for anyone to know.

Thanks

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Ben Gordon

11 years ago

Well, I've already passed that milestone but if I were to make an extra $10,000 per month then I would reinvest it in my business and have fun!

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salegurus

11 years ago

Originally Posted by Mikal Laster

If you had a constant recurring 10k a month, What would you
do with it?

I would love to hear from you all

Best Regards, Mikal Laster

With all due respect what does this have to do with making money?
Next time you're bored post these questions in the off topic forum...

Thanks

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triobacklinkbuilder

11 years ago

@ Mikal Laster

you make my day. I enjoy most of the post here..

I will give you a treat at Las Vegas

Thanks

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Andrew Prince

11 years ago

Scale it up! :p

Thanks
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buckeyes09 11 years ago

Originally Posted by Andrew Prince

Scale it up! :p

Yeah, I made a post about the critical mass of building up and spending money on fun stuff a while ago. Kind of relates to this thread..
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Christian
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nickdamodda

11 years ago

Spend $0 for me, and spend all 10k/month on reinvesting.

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AllyG47

11 years ago

I'd take 5K and invest it back into my business and I'd take the other 5K and move out of my parent's house. I hate living living with them and my dad likes to make rude comments about how my business is going to fail and how he's going to have to support me until he dies. Once I get my business up to 15K a month, I'll pay my parents back for letting me stay with them for so long.

Thanks

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J Bold

11 years ago

I'd try to use to buy some properties on Monopoly?

We are talking about play money right, because you're not making that much are you?

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megawarrior

11 years ago

Would try to double it

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Boss Tactical

11 years ago

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PeterBruce

11 years ago

Originally Posted by Boss Tactical

I'd save 20% of it, and invest the rest into my business.

I would be very careful on how I used it though. If you have a large sum of money to use for your business it's easy to go overboard and waste it. You need to make sure your using your dollars as most effectively as you can. You need to have a well thought out plan and strategy.

Basically get the most value out of your dollar.

Exactly. Most people who spend large sums of cash on their business find that it's gone before they make anything in return.

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revstan

11 years ago

Wait until you have around 50-70k, hire a office and some people to create a massive amount of MNS'.

Simple Stan

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O0o0O

11 years ago

I would recommend to diversify into real estate. Offline profits are just as important, if not more important than online profits.

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RichardDin

11 years ago

maybe reinvest in passive income. Shares or so

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opatrao24

Banned 11 years ago

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Mikal Laster 11 years ago

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- fin 11 years ago
  
  $10,000 per month .
  
  I'd rather half my hours than double my money.
  
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sts2k

11 years ago

Start buying up land in developing countries.

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michaelcorvin

11 years ago

You invest it. Put money in FX, buy and sell a few businesses, use the capital to build and grow other online businesses...then begin investing profits from those ventures into passive income streams..IE...income producing real estate.

Michael

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perfectpixel

Banned 11 years ago

Would definitely use it to build more wealth through investing (stocks, bonds, etc) and reinvest in business

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