I currently rely on my IM earnings to provide for my family, however it's not my plan on being a IMer for life.
My goal is to be able to use a portion of my IM earnings to buy real estate which doesn't get google slapped
I feel the same way others do in this thread about newbies.....
Real Estate is one of the best examples to what happens when too many newbies get in a market.......it crashes. I met a guy who went to FL in 2002 and bought a house close to the beach for $250k , lived in it for 4 years & then sold it for over $750k...That's more than $100k a year for not really doing anything. In fact, i've met many people like him....most are flipping burgers now, some are doing well still , however the majority still are.
Now i'm getting the same feeling with IM , however I feel like i'm getting into it around the 2002-2003 time frame compared to real estate, just getting hot and (unfortunately) attracting attention of more and more people. EVENTUALLY it WILL get oversaturated to the point many will be forced out due to competetion. A smaller group of people I'm sure will do be doing great or better than they are now, however those will be the real innovators in the industry and not the copy-and-paste types.
I agree with the poster about Bill Gates, however Bill Gates didn't give out free copies of windows either. Having connections to people in this biz , and helping those who warrant the help is a great thing.
There's a few that absolutely hate me *Caugh* Nickycakes *caugh* due to the fact when I first started IM I kept asking questions over and over again of every possible magnitude for IM......Guess what, I got the answers to all my stupid questions and up untill a few weeks ago , I was banking HARD due to my persistence of begging.........IMO it shouldn't be this easy to get good information.