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Hi my name is Adam, I've been reading a lot lately about becoming financially independent, on this forum and the interwebs and I've come across some good information that I think can help other people. Just wanted to share what I've researched and share my strategy on reaching my future goal of financial independence.
Also if you feel like sharing your plan of attack to reach financial independence, or if you've already achieved it and want to say how you did, please do. Hopefully this information can help some people out.
Step 1: Bootstrap
http://recraigslist.com/2013/03/10-best-things-to-buy-and-sell-on-craigslist/
https://recraigslist.com/2011/10/i-earn-my-entire-living-on-craigslist-ask-me-almost-anything/
My First Year As A Full Time EBAY Seller | Flea Market Flipper
How to Make 6 Figures a Year on Amazon in 1 Year
Progress Thread - How I made $690 In Less Than 4 Hours This Weekend
13 months in and making $4K / month flipping books. It's been awesome. • r/Flipping
Step 2: Start a Business
4 years ago I wrote a case study on reddit on my $4k per month local business. I've since built that company into a multi-million dollar company and the redditors that followed are now doing a combined $50 million dollars per year! Updated case study and AMA. • /r/Entrepreneur
GOLD - Making Money For Dummies (And In a Crowded Market)
Step 3: Start a Retirement Account; Roth IRA if Applicable
http://affordanything.com/2016/01/19/how-to-start-investing-in-stocks/
Step 4: Invest in Real Estate
The Millionaire Real Estate Investor: Gary Keller, Dave Jenks, Jay Papasan: 0639785390763: Amazon.com: Books
Home with Stock Video – Stats | Invest Four More
Real Estate Investing Forums | BiggerPockets
The #1 Source To Learn Mobile Home Park Investing - Mobile Home University
Your Best Retirement Plan: One Good Property
An investor who owns 4,000 apartments explains why multi-family real estate is the best investment he's made
Step 5: Vanguard Total Stock Market Index Fund (VTSAX). Maybe dabble in IPO's in the hope of hitting it big
How I failed my daughter and a simple path to wealth
I'm currently in the bootstrapping phase now, flipping mostly used washers and dryers to build capital to start a maid/cleaning service business, once the profit starts coming in from the business I'll start an IRA and I'll reinvest some profits to grow the business as well as invest some into rental properties and VTSAX Index funds.
View: https://youtu.be/g-jwWYX7Jlo
Edit: To add life story,
My brief life story.
My name is Adam, I'm 32 years old and originally from the state of Virginia where I grew up in the beautiful blue ridge mountains with my twin brother, two sisters, and parents. Some of my most fond memories are of me and my brother hunting together when we were young in the woods aound our childhood home. I had a good upbringing and was raised in a middle class, Christian home, I'm thankful for this because not all are so blessed to be born into such an environment.
My mother was a stay at home mom while my dad worked at a telephone company to provide for the family, I was home schooled up until the time my father moved the family when I was 13 due to him getting a better job at another phone company in neighboring state North Carolina. I started attending public school in the 7th grade and was a straight A student, 8th grade came and I started partying and smoking weed and drinking with the homies living it up. Would continue like this until I dropped out of high school in the 10th grade, I would eventually get my GED. Up until this point I worked a couple of fast food jobs, then when I was around 20 I started working as a loborer for a house framing company, I did this for a few years and it wasn't fun.
I moved back to the state of Virginia with my brother when I was 24 and lived way out in the country, we'd have big parties set around a bon fire we'd build. I worked as a pizza delivery driver at this time. About a year later my brother and I started to think more seriously about what to do as a career, when he was younger he was a trucker for a little while and suggested we try over the road truck driving as team drivers together, delivering freight around the US. So we moved back to North Carolina and I attended one of the best truck driving schools in the world to get my CDL. After obtaining that we drove all around the US delivering different types of freight, had a good time seeing the beautiful country, I always have loved to travel and visit new places.
My favorite state we drove through was Montana. Breath taking mountains and beautiful scenery, we drove through a lot of Indian Country way out in the middle of nowhere, it seemed like another world. I really want to go back one day and visit Glacier National Park in Montana, my uncle once spent a month there hiking throughout the park, he told me he ran into a couple from Europe who had traveled around the world and they told him Glacier was more magnificent than the Swiss Alps. I had another aunt and uncle that rode their bikes for two years throughout the US up into Alaska and they told me Glacier is a beautiful place, they mentioned Going to the Sun Road and Saint Mary's Lake as must visits.
Anyway, we did the trucker thing for about two months and decided it just wasn't the lifestyle or career for us, hard to sleep when the trucks moving while the other was driving, and living out of truck stops wasn't the best. So it was back to the drawing board, I started looking at other options for a career, decided on becoming an electrician. So I attended a community college in NC for two years and got an associates degree, towards the end of my electrical classes my brother started attending plumbing classes and said he enjoyed it, so I decided to attend plumbing class for a year to get the plumbing certificate and at the end of that time I would choose between the two. I ended up choosing plumbing. Worked as plumbers helper for a little over a year for a couple of plumbing companies, got tired of working for jack a$$ bosses and with jack a$$ coworkers. Started to research again about other jobs and ways of making money, I started to read more about Entrepreneurship and stumbled across the Ryan Finlay blog about selling used appliances, as well as this forum and other websites and information.
I want freedom to be able to do what I want when I want, without a boss ordering you around like a 6 year old kid, do this do that, when, where, how.
So I'm bootstrapping and saving now to start a business and for investing.
Also if you feel like sharing your plan of attack to reach financial independence, or if you've already achieved it and want to say how you did, please do. Hopefully this information can help some people out.
Step 1: Bootstrap
http://recraigslist.com/2013/03/10-best-things-to-buy-and-sell-on-craigslist/
https://recraigslist.com/2011/10/i-earn-my-entire-living-on-craigslist-ask-me-almost-anything/
My First Year As A Full Time EBAY Seller | Flea Market Flipper
How to Make 6 Figures a Year on Amazon in 1 Year
Progress Thread - How I made $690 In Less Than 4 Hours This Weekend
13 months in and making $4K / month flipping books. It's been awesome. • r/Flipping
Step 2: Start a Business
4 years ago I wrote a case study on reddit on my $4k per month local business. I've since built that company into a multi-million dollar company and the redditors that followed are now doing a combined $50 million dollars per year! Updated case study and AMA. • /r/Entrepreneur
GOLD - Making Money For Dummies (And In a Crowded Market)
Step 3: Start a Retirement Account; Roth IRA if Applicable
http://affordanything.com/2016/01/19/how-to-start-investing-in-stocks/
Step 4: Invest in Real Estate
The Millionaire Real Estate Investor: Gary Keller, Dave Jenks, Jay Papasan: 0639785390763: Amazon.com: Books
Home with Stock Video – Stats | Invest Four More
Real Estate Investing Forums | BiggerPockets
The #1 Source To Learn Mobile Home Park Investing - Mobile Home University
Your Best Retirement Plan: One Good Property
An investor who owns 4,000 apartments explains why multi-family real estate is the best investment he's made
Step 5: Vanguard Total Stock Market Index Fund (VTSAX). Maybe dabble in IPO's in the hope of hitting it big
How I failed my daughter and a simple path to wealth
I'm currently in the bootstrapping phase now, flipping mostly used washers and dryers to build capital to start a maid/cleaning service business, once the profit starts coming in from the business I'll start an IRA and I'll reinvest some profits to grow the business as well as invest some into rental properties and VTSAX Index funds.
Edit: To add life story,
My brief life story.
My name is Adam, I'm 32 years old and originally from the state of Virginia where I grew up in the beautiful blue ridge mountains with my twin brother, two sisters, and parents. Some of my most fond memories are of me and my brother hunting together when we were young in the woods aound our childhood home. I had a good upbringing and was raised in a middle class, Christian home, I'm thankful for this because not all are so blessed to be born into such an environment.
My mother was a stay at home mom while my dad worked at a telephone company to provide for the family, I was home schooled up until the time my father moved the family when I was 13 due to him getting a better job at another phone company in neighboring state North Carolina. I started attending public school in the 7th grade and was a straight A student, 8th grade came and I started partying and smoking weed and drinking with the homies living it up. Would continue like this until I dropped out of high school in the 10th grade, I would eventually get my GED. Up until this point I worked a couple of fast food jobs, then when I was around 20 I started working as a loborer for a house framing company, I did this for a few years and it wasn't fun.
I moved back to the state of Virginia with my brother when I was 24 and lived way out in the country, we'd have big parties set around a bon fire we'd build. I worked as a pizza delivery driver at this time. About a year later my brother and I started to think more seriously about what to do as a career, when he was younger he was a trucker for a little while and suggested we try over the road truck driving as team drivers together, delivering freight around the US. So we moved back to North Carolina and I attended one of the best truck driving schools in the world to get my CDL. After obtaining that we drove all around the US delivering different types of freight, had a good time seeing the beautiful country, I always have loved to travel and visit new places.
My favorite state we drove through was Montana. Breath taking mountains and beautiful scenery, we drove through a lot of Indian Country way out in the middle of nowhere, it seemed like another world. I really want to go back one day and visit Glacier National Park in Montana, my uncle once spent a month there hiking throughout the park, he told me he ran into a couple from Europe who had traveled around the world and they told him Glacier was more magnificent than the Swiss Alps. I had another aunt and uncle that rode their bikes for two years throughout the US up into Alaska and they told me Glacier is a beautiful place, they mentioned Going to the Sun Road and Saint Mary's Lake as must visits.
Anyway, we did the trucker thing for about two months and decided it just wasn't the lifestyle or career for us, hard to sleep when the trucks moving while the other was driving, and living out of truck stops wasn't the best. So it was back to the drawing board, I started looking at other options for a career, decided on becoming an electrician. So I attended a community college in NC for two years and got an associates degree, towards the end of my electrical classes my brother started attending plumbing classes and said he enjoyed it, so I decided to attend plumbing class for a year to get the plumbing certificate and at the end of that time I would choose between the two. I ended up choosing plumbing. Worked as plumbers helper for a little over a year for a couple of plumbing companies, got tired of working for jack a$$ bosses and with jack a$$ coworkers. Started to research again about other jobs and ways of making money, I started to read more about Entrepreneurship and stumbled across the Ryan Finlay blog about selling used appliances, as well as this forum and other websites and information.
I want freedom to be able to do what I want when I want, without a boss ordering you around like a 6 year old kid, do this do that, when, where, how.
So I'm bootstrapping and saving now to start a business and for investing.
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