Hello Guys, I am freelancer, working on the web from past 10+ years, what my issue here is i earned allot allot money from the web using my skills like Development websites, making 3d Models, Provided SEO Solutions and in may other fields i got skilled, My earning round about from past 7 Years is around $1,500,00+ and still earning round about $1000 to $3000 Per Month from my skills through Freelancer, Odesk and few Other sites, Right now in my pocket almost $500, means no saving, i invested all money in different things but did not invested it anywhere in the business or something from where i can keep get return, what is your suggestion guys for my future money i will get, where do i invest it, what should i do with it so it give me return as well! i tried purchased websites as well, developed few of my own as well, but too much time wasting, what is your best suggestion where i can invest money and get return at good level and not just store 0% on my pocket ? Thanks for suggestions in advance!
I would suggest you to learn for yourself about investing. You should do your own thinking behind investments. Not because some friend told you to do so. Invest into something YOU like and you know. If you don't know then learn about it. Don't aim for quick buck it's pointless. I mean you can aim for quick buck but only after you did your homework. That's just my opinion.
that's not investing that's spending. You need to put your money in the bank and let it build up until you can invest in a proper business or in property.
Why shouldn't you consider spending this money offline as you are already earning enough by doing freelancing online and you consider making websites for yourself as time wasting even though you develop websites and also provide seo solutions to your clients. So I think you should spend your money on offline businesses, research which business trends are popular in your locality and which suit you. Always go for your choice, one you enjoy doing rather than others choices which you might consider time wasting at the end.
that really sounds like millions of other people, they earn from their job, and have no savings.... If you live in US, then $1k/mo is not much income at all if that is your only source; If you live in inda, and you earn $3k, then I image you have a pretty decent lifestyle. What you are saying is somewhat ironic, you develop sites for others, but yet you can not develop your own sites to earn money? This tells me that the sites you develop do not earn money. You sound very skilled, so the last thing you want to develop is a site that requires attention like my wife, so if you want to get into IM for residual income, then it is trial and error, that is the beast of the game. You are the backend to create someones website, so I would think you know who is making money, and who is not; people like to talk, and I would not be surprised if your clients did not come back and say "awesome site, sales are increasing" or god awful site, even the devil wouldnt visit the site you created, and so on.
first step to investing is understanding WHAT IS MONEY! money flies away like water from a bowl with a hole. you really need to understand what is money to actually control it and use it to your advantage. read ebook called , The manual of life - money. google it. - read the ebook about money, its free, without ads or anything.
Try to Invest these Money with some Share which are more safe with Debenture . Avoid intra day trading. Or you can lock those account for long term with your banks. Best thing is that you should invest it with any firm at recurring.
I honestly do not believe in saving money without a goal. You should set a financial goal for yourself and then try to reach it. for example you can aim to earn 4x more than you earn now in 6 months. The problem with you is that you cannot scale (grow) because your income depends on you and there is only so much you can do in 24hrs. So best way is to start a studio hire few freelancers like yourself let them do the coding and design while you manage and find clients. Now your service can scale much better and you can throw(invest) money into marketing and growing your business.
Yes i agree with this as well. Talk to a Certified Financial Planner or others who you know about money systems and investments and make decisions for yourself. Make sure to diversify your investment portfolio.