Dbodin
New Contributor
hi, I have been shooting video as a sole proprieter for far too long (15 yrs). I started with weddings, then brokered shoots, and corporate engagements. Unfortunately my plan breaks several commandments (time and scale for sure). Magnatude isnt too bad, as my margins are high, about 45%. Need is pretty low, especially as Entry becomes easier with lower prices electronics eg cameras. I just discovered the MFL book and am already 2/3rds of the way through it. Wonderful paradigm shifting material! It came at just the right time, because I have been looking for a book that details the formula for a super profitable business model. I am also already 38, so i feel behind! I have built a business and seen it grow, but the money made overall is low due to low volume and the fact I must be present to get that income. I have supplemented that income with two website rental clients. So now for the real question: I am considering buying a house, as I currently rent ($850/mo). I have $80k saved, and houses in Oklahoma are cheap, my price range is $150-$175k...but the book says if I invest in a world bond I could get 6.5% return on that lump sum which equates to over $430/mo. I looked at some funds but they are all underperforming that 6.5% by a lot over the last five years. Where are these safe 6.5% returns? I have very little knowledge currently, but have a brokers account and have bought and sold securities before. Im wondering what you all think is the wisest plan w the money. being 38 my main reason for buying a home is the inabaility to find a good roommate and I would hate to spend that extra dough without equity. Thoughts? I have always been a good saver...but never had a mentor who really knew what to do with 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. :-)
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
