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Curious of what you would do if.
you already make cloase to $1M a year.
onlineactionhero

5+ Year Member



 
Msg#: 11439 posted 11:54 pm on Apr 7, 2006 (gmt 0)

Would you...
1. continue to grow your "online" business?
2. just sit back and relax?
3. build offline businesses to diversify?

other thoughts...

quick background... I've been doing aff marketing.. fulltime for about a year... running only about 2 major programs...

FYI... I'm not saying I'm making that much though.. :) just wanted to know what's next for most folks...

 

ganderla

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 11439 posted 9:16 am on Apr 8, 2006 (gmt 0)

Work harder because according to my money man, I can't stop until I have 4 million in the bank.

Essex_boy

WebmasterWorld Senior Member essex_boy us a WebmasterWorld Top Contributor of All Time 10+ Year Member



 
Msg#: 11439 posted 10:33 am on Apr 8, 2006 (gmt 0)

Dunno.

I really dont know, supposing you made that much form a company that you ran and owned then I suspect that Id carry on until bored.

Or hopfully Id recognise a time when my 'talents' were no longer enough to develope it and leave.

Then what? Ive done everything Ive ever wanted to do, except visit Hong Kong, I reckon id help my family with their busnesses and then buy a house near Toulose or Perginon and veg out.

Im one of these people though who cant keep still, so I would imagine id have a little market stall selling crap in some French market just for something to do.

Weird answer but true

Rightz

5+ Year Member



 
Msg#: 11439 posted 10:42 am on Apr 8, 2006 (gmt 0)

I'd like to say I'd invest the money and have someone I trust manage it - or a company I could sue if they lost it - and try and be self sufficient on a desert island for a year.

weird but something i've always wanted to try.

after that i'd probably try and build an even bigger online empire... til i got bored. Then who knows

hdpt00



 
Msg#: 11439 posted 12:33 am on Apr 10, 2006 (gmt 0)

Work harder, 1 million per year is good, 10 mil/yr is better. How else can you pay off the new F430?

disgust

10+ Year Member



 
Msg#: 11439 posted 10:08 am on Apr 10, 2006 (gmt 0)

I'm close to that level now.

a bit of "continue to grow" and "sit back and relax," here I guess. I haven't ventured into buying/investing in offline businesses-- I don't see the need to venture out into something I don't know as well.

as I earn more income, I generally feel more comfortable 1) hiring freelancers to take the load off of me and get more done and 2) buying existing sites.

reinvesting is an obvious way to achieve nigh-exponential growth, and that's definitely something everyone should be aiming at. keep in mind, though, that reinvesting is sure not the only way to do it-- keep your eyes open for ways to set things up where they work for you, and it'll most certainly pay off in the long run.

ska_demon

10+ Year Member



 
Msg#: 11439 posted 11:53 am on Apr 10, 2006 (gmt 0)

Essex_Boy

I travel to Hong Kong on a regular basis and it really isn't up to much. Mainland China has way more to see and is way more interesting.

Anyhoo, back on topic. My online business has earnt me enough money to set up a real life, no web association business. I will continue to work on the online stuff for a while but it will not be my sole source of income, EVER!

Ska

dylans

5+ Year Member



 
Msg#: 11439 posted 7:33 pm on Apr 10, 2006 (gmt 0)

Seriously? I'd buy land.

zivkovicp

5+ Year Member



 
Msg#: 11439 posted 11:00 pm on Apr 10, 2006 (gmt 0)

I'd keep doing what I was doing since it's obviously working...

Also I'd look into real estate development. Owning apartments/condos or any rental property in general is a good way to keep money flowing into the bank account, not to mention the fact that real estate appreciates in value (as does rent) so inflation is no worry. ;)

If it's good enough for D.Trump it's good enough for me.

Michael Anthony



 
Msg#: 11439 posted 3:22 pm on Apr 16, 2006 (gmt 0)

I'm past that now. My advice..

Diversify. Invest in Real Esate and Stock Market. Maximise tax efficiencies. Help Others get there too!

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