2 ms·
Invest in something you know. For me, that meant becoming an ISP, buying servers, virtualizing them and renting 'em out. Knowing what you invest in is a huge
by lsc 17y ago
Invest in something you know. For me, that meant becoming an ISP, buying servers, virtualizing them and renting 'em out.
Knowing what you invest in is a huge advantage, one that you will certainly need if you only have $50K to invest.
- nailer 17y agoHow is you investment working out for you?
- lsc 17y agopretty good. I'm probably not quite in the black if you take all the money I spent before I figured out what I was doing into account, but it's supporting me and paying for two new servers a month, so I'm happy enough to call it a success. But yeah, there were, ah, a few years of failure to slog through before I got to this point. Note, I didn't have a big wad of cash going in; I've paid for it renting myself out as a contractor. (But then, OP only is spending $50K, and, uh, by the time the project was able to support me, that was maybe 4-5 months of contracting. $50K is not a big wad of cash by "I want to start a business" standards. )
- nailer 17y agoGood to hear, thanks for replying.