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Starting from scratch with 50,000USD

by Taker
6 replies
I need cash-flow quick.

IRS is about to levy everything I own, I lost my job, I'm pretty much fuct.. Pool is green, can't afford to pay the guy cutting my grass, carpet needs to be replaced. Kids still asking for stuff. Wife logical one minute then delusional and wanting to shop the next..

I got about 50k in liquid assets and really need to hit the ground rolling with something. If I could make 5k a month that would be enough... 10k a month would be a miracle. Oh and I really don't have any experience making a profit in IM.

Anyone have any serious suggestions?
#50k #scratch #starting #usd
  • Profile picture of the author DoubleOhDave
    Seriously - outsource some Kindle books - passive income! Create your own digital publishing house - pay for decent artwork for book covers and book promotion - advertise your service, do the editing and formatting - or outsource it. Pay for some advertising.. get free ads and press releases out there.. it's mainstream and it's huge. Even better, pick a niche to specifically publish in - paranormal romance or whatever.
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    • Profile picture of the author Taker
      Originally Posted by DoubleOhDave View Post

      Seriously - outsource some Kindle books - passive income! Create your own digital publishing house - pay for decent artwork for book covers and book promotion - advertise your service, do the editing and formatting - or outsource it. Pay for some advertising.. get free ads and press releases out there.. it's mainstream and it's huge. Even better, pick a niche to specifically publish in - paranormal romance or whatever.
      DoubleOhDave Thanks for the suggestion and I'm open to that idea. The only problem is that I have no idea how to implement that system and I'm kind of pressed for time. I'd have to see it in action to know that it makes money then I'd be willing to pay for training perhaps. Definitely open to learning more thanks for the suggestion
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  • Profile picture of the author ErinWalsh
    50K is a sizeable sum. I know you're in a panic right now. How much time did the IRS give you to come up with the money? One thing you might want to do is just sell some assets on eBay or a classified site keeping in mind the guidelines for doing so.. Otherwise, try to take a deep breath and make sure you sell something lucrative. For instance, my company sells software that everyone needs.
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    • Profile picture of the author Taker
      Originally Posted by ErinWalsh View Post

      50K is a sizeable sum. I know you're in a panic right now. How much time did the IRS give you to come up with the money? One thing you might want to do is just sell some assets on eBay or a classified site keeping in mind the guidelines for doing so.. Otherwise, try to take a deep breath and make sure you sell something lucrative. For instance, my company sells software that everyone needs.
      Hmm, I've thought about selling software. My background is .net web developer. Only problem is I don't have a product or time to create one. Also, I'd need a website, sales team to do webinars etc. Would love to be in your situation but can't do that over night. Curious though could you share a link to your business?
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  • Profile picture of the author jamescanz
    Originally Posted by Taker View Post

    I need cash-flow quick.

    Anyone have any serious suggestions?
    Hey Taker,

    This thread will really help you out:

    http://www.warriorforum.com/main-int...desperate.html

    Just make sure after you absorb the info, you put the info into play
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  • Profile picture of the author Alex Blades
    Sorry to hear about your troubles but throwing 50 grand into something you know nothing about, can really make things worse for you. You should get an attorney to work out a payment plan with the IRS, and try to find another job.

    You can throw 50 grand into something and lose it all, then dig yourself into a bigger hole. Last thing you want is your problems to start snow balling.
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    " I knew that if I failed, I wouldn't regret that.
    But I knew the one thing I might regret is not ever having tried. "

    ~ Jeff Bezos

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