So what would you with $5000 a month?

No not really...i'm 25 no college degree and earn close to $6000 a month..and thats nothing...I am broke each month..lol

 

I'll be honest, if I had $5000 a month, I would put $1000 a month into College, $500ish a month for re-investment, $1000 for keeps that I never touch until retirement, and the other $2500 a month towards a future house down payment.

Unless that is towards necessities, you might have to check yourself up on being broke every month.

 

It just depends where you live! Morgage is like $2000/month..car payment, insurance, utilities, food, hosting, advertisement...i'm left with couple hundred dollars each month.

Now i could live in an apt for $700/month...drive a little honda civic and save $3000/month...but i rather have fun and things i want!

 

I don't know anyone to makes less than $5000/month. And I know several people without college degrees who makes much more.

There are many people who make $20,000+/month or much more without degrees, such as real estate agents.

$5,000/month is pennies.

 

Its simple if one site makes you 5k a month, what stops you from repeating the process and having 10 sites? Especially when you some capital to invest in the creation of new who knows even better sites

 

buy a existing site and develop it further

 

1. Buy more sites with traffic to make even more money?

So I can diversify my income.

 

Definitely go with 3 here - invest in the same site that is making you $5000 a month.

Why?

You making $5000 tells us 2 things:

1) You're doing something right (or else you wouldn't be making $5000)
2) There're a lot more money to be made (because $5000 is really not that much)

So if I were you, I would focus on looking at the business model, identify which part generates you income and which part you're not doing too hot. For those parts that you suffer, invest in outsourcing and get someone to do it better than you - then you focus on improving what you're already doing well at.

Focus on your core competency and you'll do well, way better than $5K a month.

 

I have 9 years experience in marketing, a bachelors of marketing & an MBA, and I make much, much less than $5k/mo.

 

Buy land -- they stopped making it a while ago.

The growth in world population means that the simple laws of supply and demand will push land prices up for the foreseeable future (until population growth takes a down-turn for some sinister reason).

 

1. Buy more sites with traffic to make even more money
5. Save money for a house or a new car

Those two are the best things you could probly do with the money. At least, thats what I would do, but I have a long way for that

 

The first thing I'd do is pay off all my debts and credit cards. After that's done, all's gravy

 

5k/month i ljust take a long vacation and keap money in bank

 

I would put it back into my site.

 

That just shows that getting a bachelors degree is overrated!

 

spend the money. IMO $100,000 per year income is good for anyone, if you want to earn more than that you wont have time to enjoy life unless youre a saudi prince that is.

Nonsense, any degree is better than no degree.

 

$5000 a month... I'd work on getting it to 10-20,000 a month then I'd hang out and golf all day. While spending a few hours doing emails and stuff.

 

I would do #3 to make more more more more more money

 

I would highly suggest you take the bottom suggestion. If you kept an extra $3000 a month, not only could you save up money, you could also make even more money, move back to the place you're living and still have the money.

Of course it requires patience but it's worth it.

 

it's funny how the most successful business people I've known had high school diplomas