Spenny
Bronze Contributor
FASTLANE INSIDER
LEGACY MEMBER
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
So I'm going to say this immediately, I'm scared at the thought of making this post. I'm finding ways to not hit that black "post thread" button. I've just made my 10/5/1 plan and I need to start taking it seriously.
The things I want to have in 10 years: £10,000,000 in net worth, regularly speak in front of hundreds of people & have multiple businesses that I manage or have already sold, have outstanding physical health (no beer belly & strong) & have a great spouse. I can't believe I'm actually writing that but I genuinely mean it.
My Plan
I journal & try to keep myself accountable, but its no where near as potent as publishing it on a public forum to people that I feel I'm apart of. I've never been apart of a community that I really get behind & this is the first community I feel normal in. Thank you all for that.
I'm going to post weekly, every Sunday (+/- a day) about the things I've actually done to actually get towards these goals.
A bit about me.
I'm 21, I study chemistry as an undergraduate, I run a business, I manage my life savings through picking stocks & I'm a President and Lead Investor for two university societies.
I do chemistry because I've been diligent at it (until I found entrepreneurship), run a business (entrepreneurship, duh!), I pick stocks because I love thinking about the businesses behind them/ making money work. Finally, I'm a committee lead because it gets me speaking/teaching in front of crowds (I have a real love for this and I dont find myself getting to nervous infront of crowds - the opposite, I feel alive).
Progress so far
About this time last year, I made a mental & physical effort to become an entrepreneur. I began exposing myself to business through entrepreneurial ventures & value investing.
I began a business with three others, it's aimed at university society committees that cannot be bothered to research merch. This business has made £800 in revenue from two clients. I'm pleased about this, but its no where near the figures I want it to be. I also have a new product idea I'm trialing - I've moved forward now & began to learn CAD so I can get a prototype out I can use.
As for the investing, I earned a pile of cash from working a wage job, saving about 50%. Had no idea what to do with it so I began learning how to buy businesses on the public markets. This has surprisingly really helped my entrepreneurial side, since I have to think of the business I'm putting money into. It applies well for capital allocation & thinking about ROI - even with time.
I think for this past year what's been most valuable is that my mind has never before been this geared towards business. I listen to other peoples businesses/ideas and my mind already thinking about the next stages for their business or idea. I've gotten a lot better at tuning my problem radar - I perk up as soon as I hear someone complaining about something - and I've started businesses from it. To add to that, people in my life come to me for business advice & they listen to me when I speak.
What next?
- Finish up designs for CAD & find someone I can get the prototype made (want to make the product so I can use it as a demonstation it works)
- Research bulk buying t-shirts & print vinyl for a new revenue stream
- Create flow diagram for the merchandise ordering system so my co-founder can code it.
The things I want to have in 10 years: £10,000,000 in net worth, regularly speak in front of hundreds of people & have multiple businesses that I manage or have already sold, have outstanding physical health (no beer belly & strong) & have a great spouse. I can't believe I'm actually writing that but I genuinely mean it.
My Plan
I journal & try to keep myself accountable, but its no where near as potent as publishing it on a public forum to people that I feel I'm apart of. I've never been apart of a community that I really get behind & this is the first community I feel normal in. Thank you all for that.
I'm going to post weekly, every Sunday (+/- a day) about the things I've actually done to actually get towards these goals.
A bit about me.
I'm 21, I study chemistry as an undergraduate, I run a business, I manage my life savings through picking stocks & I'm a President and Lead Investor for two university societies.
I do chemistry because I've been diligent at it (until I found entrepreneurship), run a business (entrepreneurship, duh!), I pick stocks because I love thinking about the businesses behind them/ making money work. Finally, I'm a committee lead because it gets me speaking/teaching in front of crowds (I have a real love for this and I dont find myself getting to nervous infront of crowds - the opposite, I feel alive).
Progress so far
About this time last year, I made a mental & physical effort to become an entrepreneur. I began exposing myself to business through entrepreneurial ventures & value investing.
I began a business with three others, it's aimed at university society committees that cannot be bothered to research merch. This business has made £800 in revenue from two clients. I'm pleased about this, but its no where near the figures I want it to be. I also have a new product idea I'm trialing - I've moved forward now & began to learn CAD so I can get a prototype out I can use.
As for the investing, I earned a pile of cash from working a wage job, saving about 50%. Had no idea what to do with it so I began learning how to buy businesses on the public markets. This has surprisingly really helped my entrepreneurial side, since I have to think of the business I'm putting money into. It applies well for capital allocation & thinking about ROI - even with time.
I think for this past year what's been most valuable is that my mind has never before been this geared towards business. I listen to other peoples businesses/ideas and my mind already thinking about the next stages for their business or idea. I've gotten a lot better at tuning my problem radar - I perk up as soon as I hear someone complaining about something - and I've started businesses from it. To add to that, people in my life come to me for business advice & they listen to me when I speak.
What next?
- Finish up designs for CAD & find someone I can get the prototype made (want to make the product so I can use it as a demonstation it works)
- Research bulk buying t-shirts & print vinyl for a new revenue stream
- Create flow diagram for the merchandise ordering system so my co-founder can code it.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Last edited:
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today