this is my personal suggestion. it's quite difficult to earn a living with affiliate marketing, but you can earn good part-time income.
i think the best would be to continue working a full-time job (if you are lucky enough to have one), do affiliate marketing, save up and invest into some...
we personally run a dedicated server with softlayer. but you don't need all that to host a wordpress site, you should be okay with godaddy or any other shared hosting provider. just know to get away from godaddy once you get bigger, their support is bad, they are about equal with dell.
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