Ways To Make Money Online From The Internet
By Marc on Sep 6, 2008 in Make Money Online
Since I was a kid I’ve been searching for ways to make money. In my last post I talked about the best way to make money in high school or at least the ways I did. Now I’m going to talk about college and how I increased my worth, while studying in college.
When I was a sophomore in college I bought a house here in Durango and it was possible the best decision/investment I’ve made so far. I put $13,500 down (the money I made in high school, you can read more about how I did it in ways how to make money as a kid) on a $235,000 house. I was fortunate enough to have my parents co-sign on the loan or obviously it would have never happened. My mortgage was $1,442 per month and I had 3 roommates paying $400/month each. I was effectively buying the house for 242/month. Pretty sweet, huh. When I graduated, I sold the house for $275,000 and moved to Oregon.
At that point I was worth a little over $62,000. I played around in Oregon and didn’t work and spent a ton of money. Do I regret it, hell no. I was having fun, blowing money just having a good old time. I was 22 with a lot of cash. When I moved back to Durango I had $35,000, I chilled for the summer still not working and decided I wanted to move to the ocean to kiteboard. So my buddy and I left for Texas and I had about $29,000. I got a job waiting tables but I stilled lived above my means. When I came back from Texas I had about $25,000 and I got a job at the Ore Horse waiting tables and eventually went to work to work at Coldwell Banker selling Real Estate and with a few sales managed to get up to $35,000.
At that point I was searching for ways to make money online from the internet, so I looked around and found and bought Onemansgoal for $10,000. After a few months running Onemansgoal I decided to quit real estate, though still waiting tables, and decided to focus my efforts on finding ways to make money on the internet.
So now I’m sitting on my computer typing a post in response to Mary’s comment about whether or not I would buy Onemansgoal again. I just looked up my accounts to see how I sit as of right now. Here is what it looks like:
Onemansgoal - I’m not sure what it is worth but I now I’m going to turn it into a $10,000 dollar site again
T-Rowe Price Total Market Index Fund (POMIX) - $13,779 (I’ve put $10,000 into it so it has appreciated nicely but I was at $16,000 a few years ago before the market turned downhill.
Savings Account - $6,700
Other Sites - 40/month so roughly worth $400
Current net worth - $20,879
So I have I made bad decisions along my way, sure. But I find it funny that people are called me stupid for taking a risk and doing what I want to do with money I made working hard in High School and taking on the risk and responsibilities of being a landlord at 20 living with friends.
So, Mary to get to your question looking back would I buy this blog. Yes I would. Now would I recommend my path to someone else looking for ways to make money online, not exactly.
For me if I didn’t have all of the haters and people talking shit and I was just taking time out of my day to write posts that no one would comment on I think there is a good chance I would have quit. But if I was to recommend a path for a beginner that had a couple grand I would advise them to buy a blog that was earning from adsense so they could hopefully recover their investment back in a year even if they didn’t add any content. Having this onemansgoal community has kept me going, and I would like to especially thank Mary for the continued support.
Mary I address the questions would I buy the blog again question in more detail in the post next to this one.
If you would like to learn more about my trials and tribulations on the path to making money online please download the free ebook to the right of this post. All you need to do is enter your name and e-mail and it will download to your computer for free.
Later
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4 Comment(s)
By Work From Home Tycoon on Sep 7, 2008 | Reply
Getting to the point and making the right decision is very difficult. Thanks for the great info!
By BlogSavvy on Sep 10, 2008 | Reply
It’s refreshing to see the “honesty” you put in that post, hey here’s where I’m at and it’s the truth! Nice!
By Marc on Sep 10, 2008 | Reply
By Alex on Sep 11, 2008 | Reply
High risk brings high returns. This blog can definitely be spiced up to $10k or more with the right focus.