It's sink or swim daddy'o...
There isn't shit wrong with sinking, just don't fu*king drown yourself
I'm still Money Green (NEW) to IM, I started just February last year.
I started with kibbles and bits like yourself: 6k in reserves WILLING to lose.
1. Picked a niche
I picked one of the most competitive niches that had advertisers but not a lot of IM'ers
2. I got a dedicated server, built my own website, created my own product from scratch and built my own membership site
3. I got a shopping cart with premium web cart, gateway from authorize.net and merchant account from powerpay and I monetized my site around 25 informational videos that were inside my members area
4. I said f**k PPC and I did brute force (white, black, blue, yellow) SEO and ranked all 11 of my domains and targeted keywords page 1 (top 1-5 positions) in google
5. My site now does 4-5 figures per monthly on new member signups and recurring revenue
6. Rinse and Repeat
Most people that I surveyed start by doing affiliate type shit, which I hear is cool. I'm a different type of bitch. I like to own my shit and control if fully. The route I took however, is just one way. Most people I hear don't start off and create a product from jump street, etc.
Decide on your level of tolerance and risk you want to take on ...and pull the trigger.
If a female from Cali with no prior IM experience can jump in and have ooddles and noodles of success, that means we can all have success and make $$$ at this game.