Hi Frank,
I can relate to your feelings as I have been there before........
What I would advise you is to follow one plan at a time.As you don't have a lot of time and money to experiement with less known niches,I would say that you should stick to proven niches like "weight loss", "Dating" or "Make Money".There is still a lot of room for newbies in these niches.

Next focus on one business model.You can either follow the affiliate route or create your own product.Regardless of which path you choose,you would need to have a list to generate consistent income.

In the beginning,keep your efforts focused on listbuilding.Create a simple squeeze page and drive traffic to it via article marketing,forum marketing ,PPC or media buying(if you can afford).Remember to develop strong,positive relationship with your subscribers.You can do that by sharing quality information with them for free.

Once you build a sizeable list(say 5,000-10,000 prospects for example),get on the JV scene by participating in a few product launches.You'll find it much easier to get your JV requests accepted(in the case you launch your own product) after getting on the JV leaderboard of a few launches.

In the case you don't want to create your own products(which I would highly recommend to do),you can simply keep on adding more subscribers to your list and making money by promoting affiliate products.

Whatever you do,I would suggest you to set short and long term goals .For example,your long term goal may be to make $100,000 in a year.Now it comes to around $300 per day.Suppose you are promoting a $100 product on which you get 50% commission on every sale.So your short term goal should be to drive enough traffic to generate at least 6 sales a day.

Just start small and keep scaling up by re-investing a portion of your profits.You'll find everything much easier,once you build a little momentum.