Have less than $25,000 in your bank account?
Don't buy stocks, bonds, real estate or crypto....
To get on track to build REAL wealth, do this instead π
Don't buy stocks, bonds, real estate or crypto....
To get on track to build REAL wealth, do this instead π
Hereβs the issue with investing a small amount of money in traditional ways:
You'll never get ahead.
Even if your percent return is really high, you still arenβt making much money.
15% returns in the stock market are incredible,
But 15% return on $1,000 is only $150.
You'll never get ahead.
Even if your percent return is really high, you still arenβt making much money.
15% returns in the stock market are incredible,
But 15% return on $1,000 is only $150.
If you're cool working a 9-5 corporate job for 40 years,
Maxing out your 401(k),
Relying on Social Security,
and Retiring in your 60s,
then the rest of this thread isn't for you.
But if that sounds terrible, read on:
Maxing out your 401(k),
Relying on Social Security,
and Retiring in your 60s,
then the rest of this thread isn't for you.
But if that sounds terrible, read on:
So when you're short on cash, ignore passive strategies that return 5-15%.
Put your money behind something YOU ACTIVELY CONTROL.
With a significantly higher return potential.
Passive income is for people with millions in savings. Worry about that later.
Instead π
Put your money behind something YOU ACTIVELY CONTROL.
With a significantly higher return potential.
Passive income is for people with millions in savings. Worry about that later.
Instead π
Buy a content website for ~$8,000.
It's probably cash-flowing $200/mo
Add content, improve SEO and give away a free guide to collect emails
With a few hours of work each week and some patience, you can make a year's worth of stock returns in a month
It's probably cash-flowing $200/mo
Add content, improve SEO and give away a free guide to collect emails
With a few hours of work each week and some patience, you can make a year's worth of stock returns in a month
How?
Build an email list,
and monetize with:
1. Sponsorships
2. Affiliate Links
3. Low-cost Courses
An engaged list is a goldmine:
- 5,000 readers
- 50% open rates
That's enough to earn $1,000/month on email sponsorships alone, never mind affiliate links or courses
Build an email list,
and monetize with:
1. Sponsorships
2. Affiliate Links
3. Low-cost Courses
An engaged list is a goldmine:
- 5,000 readers
- 50% open rates
That's enough to earn $1,000/month on email sponsorships alone, never mind affiliate links or courses
Say you held the site for just 12 months and grew profits to just $2,000/month.
Not crazy at all.
If you sold it, you can expect someone to pay 40x the monthly profits.
So $80,000.
You invested $8k.
That's a 10x return π²
Not crazy at all.
If you sold it, you can expect someone to pay 40x the monthly profits.
So $80,000.
You invested $8k.
That's a 10x return π²
Once you get good at this, you can repeat with bigger deals.
This is similar to a value-add strategy in real estate, but with much lower barriers to entry.
Instead of buying a $1.5M duplex and renovating it, youβre buying a niche website and fixing it up.
This is similar to a value-add strategy in real estate, but with much lower barriers to entry.
Instead of buying a $1.5M duplex and renovating it, youβre buying a niche website and fixing it up.
Use this strategy to build your active income.
Then take that income and funnel it into lower-risk assets like stocks, bonds and real estate...
AKA, Diversify:
Then take that income and funnel it into lower-risk assets like stocks, bonds and real estate...
AKA, Diversify:
If this piqued your interest, follow me for more tactical strategies to build cash-flowing internet businesses.
Follow: @itsDanny_V
Like + Retweet the below to spread the word:
Follow: @itsDanny_V
Like + Retweet the below to spread the word:
PS - Every Saturday, I write a free newsletter to help high earners reach financial independence.
We cover side hustle growth strategies, paying less tax and building a portfolio of real estate investments.
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We cover side hustle growth strategies, paying less tax and building a portfolio of real estate investments.
Join 995+ others here:
wealth2.com
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