Hi All, Thanks for taking the time to read my post. ::Here's My Issue:: Last year I was in a car accident (fully recovered thankfully) and recieved a settlement that gave me enough money to erase my credit card debt and pad my bank account with a little over $10,000. When I graduate in 2 1/2 years I will have the pleasure of paying off $40,000 in student loans. Is there any way that I can invest the $10k and get a great enough return to pay off my loans by the time I graduate?...gambling and whoring myself aside of course. I get a 6 month grace period after I graduate before I have to start paying, so that leaves me with a solid 3 years to invest. Looking forward to your advice because this money is burning a hole in my pocket! ::My Background:: I have knowledge and experience in; - Industrial Design - Graphic Design - Web Design/Animation - Commissioned Artwork - Home Remodeling - Ebay sales / dropshipping
Buy web real estate. The general "rule" is for a site to sell with 10-12 x its revenue (+ - homemade scripts, designs, content, userbase, etc). So you spend $10,000 on websites that earn you the $10,000 back in roughly one year. Then you run the next two years on profit, paying part of your debt
you can see some historical data on domain valuations rising at dnjournal.com in the sales charts. many times a name is sold for a multiple and reported more than once so you can track the return. a recent example for us was ProfessionalAthletes(.)com --> you can see we bought it at a moniker auction for about $3k and sold it at another moniker auction a year later for about $9k.
After spending literally years flipping domains both in large scale and smaller I can tell you right now that unless you get the right names for the right price it's as much of a gamble as anything. I've sent you a pm.