Hi
I've been on this forum a few months on and off, I described my situation in my first post, please have a read to better understand what i've wrote below -https://www.thefastlaneforum.com/community/threads/23-year-old-slowlaner-transitioning-to-fastlane.67575/
Having recently read and listened to Felix Dennis How to be Rich it hit me that ideas are worthless, only execution is important. being a slowlaner I have about £5-6k in loose cash, £2-4k in assetts and about £500 in investments (crowd funding, P2P etc. for educational/experience purposes). My Income for my job is £22k per annum.
My plan now is to implement the 6 months to 6 figures idea. This is my timeline plan starting today:
- Maximising my slowlane by working smart at my job and going over my expectations to build a name for my self, in addition to this I am hiring a top rated guy to fix up my linkedin profile from fiverr.** Possibly leverage this for fastlaning
- I have applied to my local lions club to do some charity and for networking, also looking into rotary, meetup etc.
- I'm now speaking with all departmental staff at work as and when I get the chance in order to develop opportunities I would not otherwise see (e.g. I've learnt a lot about new softwares from the IT team which i can potentially invest in)
- I have found a product not many people sell but there is plenty of demand for that I can get dirt cheap to sell even at a rock bottom for a 200% markup (I am going to negotiate with a supplier to do some test sales on 50-100 units), even at worst I can break even on them with a small profit, the only issue is to making it profitable so I need to sell in high volumes 500-1000+ per month so will need some heavy marketing for this of which i know nill about** THIS IS MY KEY IDEA FOR NOW, BUT ONLY AN IDEA IN REALITY MAY BE DIFFERENT WHEN ITS APPLIED
- Im playing with small amounts of cash £50-100 in various investments (P2P, Crowd funding, hedge funds) as well as dummy stock accounts in order to learn about how they work
- I have a mentor who is in a top postion in a pharma company (my slowlane industry) and will being contacting them again as I recently stopped, so stupid of me
- My father has small motor trade business of which I will build a site for to learn coding, also potentially some form of affliate links/advertising on it also
My fast cash plan to free up some money to use over the next two weeks:
- I have a ton of car parts lying around at home and my dads business of which I will sell asap (£500-1000)
- Old machines and general non used things around the home (£400-600)
My Resources:
- I have a fully paid for car, no expenses mortgatges bill etc. I live with my family
- Full time job as mentioned above, 200 miles per day hence £90-100 fuel bill weekly (expense)
- Large garden shed for use as a private work area with no internet, distractions etc.
- Live in an nice area of the West Midlands, UK hence plenty of possible opportunity if I learn how to use it and find it in the area.
Obstacles:
- I drive 2 hours to work each way, so I get up 6am and out the house 6.40am returning at around 7.30pm, with food clothes exercise etc all done its around 8.45pm of which i read until around 9.30-10pm for bed.
- Weekends have been eaten up due to house move, family wedding etc. but from today its freed up mostly
End Goal:
- Have 6 figures available in the end in combined cash, assets, investments etc.
- Quit my job and have a income in the 3-5 figure monthly range with some passive elements to it to free up time
I will keep posting updates on this thread, I needed to make it public to give me some 'GO ENERGY' to get started. please give me your views and what I can do in order to make this goal achievable and go beyond it where possible, how to begin and maximise my time.
please recommend me books, courses, techniques, coaching whatever you guys can help I would appreciate it. The goal is very high set but if I fall short so what I would have achieved a much better position than today (10X Rule)
Thanks
I've been on this forum a few months on and off, I described my situation in my first post, please have a read to better understand what i've wrote below -https://www.thefastlaneforum.com/community/threads/23-year-old-slowlaner-transitioning-to-fastlane.67575/
Having recently read and listened to Felix Dennis How to be Rich it hit me that ideas are worthless, only execution is important. being a slowlaner I have about £5-6k in loose cash, £2-4k in assetts and about £500 in investments (crowd funding, P2P etc. for educational/experience purposes). My Income for my job is £22k per annum.
My plan now is to implement the 6 months to 6 figures idea. This is my timeline plan starting today:
- Maximising my slowlane by working smart at my job and going over my expectations to build a name for my self, in addition to this I am hiring a top rated guy to fix up my linkedin profile from fiverr.** Possibly leverage this for fastlaning
- I have applied to my local lions club to do some charity and for networking, also looking into rotary, meetup etc.
- I'm now speaking with all departmental staff at work as and when I get the chance in order to develop opportunities I would not otherwise see (e.g. I've learnt a lot about new softwares from the IT team which i can potentially invest in)
- I have found a product not many people sell but there is plenty of demand for that I can get dirt cheap to sell even at a rock bottom for a 200% markup (I am going to negotiate with a supplier to do some test sales on 50-100 units), even at worst I can break even on them with a small profit, the only issue is to making it profitable so I need to sell in high volumes 500-1000+ per month so will need some heavy marketing for this of which i know nill about** THIS IS MY KEY IDEA FOR NOW, BUT ONLY AN IDEA IN REALITY MAY BE DIFFERENT WHEN ITS APPLIED
- Im playing with small amounts of cash £50-100 in various investments (P2P, Crowd funding, hedge funds) as well as dummy stock accounts in order to learn about how they work
- I have a mentor who is in a top postion in a pharma company (my slowlane industry) and will being contacting them again as I recently stopped, so stupid of me
- My father has small motor trade business of which I will build a site for to learn coding, also potentially some form of affliate links/advertising on it also
My fast cash plan to free up some money to use over the next two weeks:
- I have a ton of car parts lying around at home and my dads business of which I will sell asap (£500-1000)
- Old machines and general non used things around the home (£400-600)
My Resources:
- I have a fully paid for car, no expenses mortgatges bill etc. I live with my family
- Full time job as mentioned above, 200 miles per day hence £90-100 fuel bill weekly (expense)
- Large garden shed for use as a private work area with no internet, distractions etc.
- Live in an nice area of the West Midlands, UK hence plenty of possible opportunity if I learn how to use it and find it in the area.
Obstacles:
- I drive 2 hours to work each way, so I get up 6am and out the house 6.40am returning at around 7.30pm, with food clothes exercise etc all done its around 8.45pm of which i read until around 9.30-10pm for bed.
- Weekends have been eaten up due to house move, family wedding etc. but from today its freed up mostly
End Goal:
- Have 6 figures available in the end in combined cash, assets, investments etc.
- Quit my job and have a income in the 3-5 figure monthly range with some passive elements to it to free up time
I will keep posting updates on this thread, I needed to make it public to give me some 'GO ENERGY' to get started. please give me your views and what I can do in order to make this goal achievable and go beyond it where possible, how to begin and maximise my time.
please recommend me books, courses, techniques, coaching whatever you guys can help I would appreciate it. The goal is very high set but if I fall short so what I would have achieved a much better position than today (10X Rule)
Thanks
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