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Hey everyone, this topic is coming from a thread I made about a brick and mortar business. I made a thread asking if anyone has personal experience or first hand knowledge of the business, and I gave a few numbers of what kind of money the business could make, and asked opinions.
The business could potentially earn 40-70k per year, per store. Big range, but it depends on location, expenses, marketing, and a lot else. The business is irrelevant to this thread, but almost every response was less about the fundamentals of my idea, and more about how 40-70k/year isnt fastlane enough to be put into action.
I love this forum, I love how everyone can contribute and come together to shoot ideas, but I think some of you are following MJ's book too closely or in the wrong way. The book that MJ wrote is a fantastic book for getting your mindset together, getting motivated, and learning a bit about how a successful business can be run, but a lot of you guys are following that book WAY too closely.
It seems like people are reading the book, and once they finish the last page they sit down and start brainstorming ideas that will put them into that beach front house with a garage full of exotics. That's great, but I don't think that's the right way to think. Too many people are dismissing good ideas just because they wont put you into a million dollar pent-house in 2 weeks. Guys, money honestly does not come easy. I know after reading MJ's book, it makes it sound like he just kicks back and drives his lambo to the gym, and maybe right now he does, but he worked very hard to get there and from what I read it didnt sound like his business was passive and "fastlane" for quite some time.
It's almost impossible to set up a business today and have a huge passive income tomorrow, by almost impossible I mean probably only a handful of people have ever even been able to do that. There are SO many great ideas on this forum that get thrown in the trash because they either:
A. Require real work
B. Wont make over 200k/year
C. Are not totally passive
A lot of people are forgetting that you dont even NEED a perfect idea to live the way you want. You want a BMW, a nice house in a nice neighborhood, and the ability to do about anything you want? You really dont NEED 10's of millions per month, you need A LOT less than that. (in my area it would probably be 200k or 300k/year). You want a lamborghini, a million dollar beach mansion, and a vacation to italy every week, then MAYBE youll need a few million a year. Money really does require work, and so many are forgetting that. I hate to say it, but most millionaires are working insane hours and working their figners to the bone for the things that they have. Very, very few have the "perfect" idea that lets them do absolutely nothing and bring in billions, that's almost fiction because of how rare it is.
What I'm trying to say is stop throwing out ideas that dont make boatloads of money and require 0 effort, 0 hours, and 0 work, because that kind of idea doesnt even exist. A B&M store that makes 60k/year will make 600k/year if you open 10 of them and hire a few managers. That's pretty damn fastlane if you ask me. There's a differnce between a fastlane idea and an idea thats WORTH IT.
Working 3 hours per day for 60k/year is a lot better than spending all your time throwing out good ideas and sitting around for your whole life trying to find a "perfect" one.
Calculate how you want to live, and work towards that, dont work towards being fastlane, work towards building the lifestyle you want to live. Like MJ said on the first few pages of his book.. "Any idiot can finance a lamborghini". Remember: ACTION makes money, ideas don’t do anything.
EDIT: I should mention, I am NOT knocking the fastlane book, or the fastlane equation, I hope it did not sound like that.
The business could potentially earn 40-70k per year, per store. Big range, but it depends on location, expenses, marketing, and a lot else. The business is irrelevant to this thread, but almost every response was less about the fundamentals of my idea, and more about how 40-70k/year isnt fastlane enough to be put into action.
I love this forum, I love how everyone can contribute and come together to shoot ideas, but I think some of you are following MJ's book too closely or in the wrong way. The book that MJ wrote is a fantastic book for getting your mindset together, getting motivated, and learning a bit about how a successful business can be run, but a lot of you guys are following that book WAY too closely.
It seems like people are reading the book, and once they finish the last page they sit down and start brainstorming ideas that will put them into that beach front house with a garage full of exotics. That's great, but I don't think that's the right way to think. Too many people are dismissing good ideas just because they wont put you into a million dollar pent-house in 2 weeks. Guys, money honestly does not come easy. I know after reading MJ's book, it makes it sound like he just kicks back and drives his lambo to the gym, and maybe right now he does, but he worked very hard to get there and from what I read it didnt sound like his business was passive and "fastlane" for quite some time.
It's almost impossible to set up a business today and have a huge passive income tomorrow, by almost impossible I mean probably only a handful of people have ever even been able to do that. There are SO many great ideas on this forum that get thrown in the trash because they either:
A. Require real work
B. Wont make over 200k/year
C. Are not totally passive
A lot of people are forgetting that you dont even NEED a perfect idea to live the way you want. You want a BMW, a nice house in a nice neighborhood, and the ability to do about anything you want? You really dont NEED 10's of millions per month, you need A LOT less than that. (in my area it would probably be 200k or 300k/year). You want a lamborghini, a million dollar beach mansion, and a vacation to italy every week, then MAYBE youll need a few million a year. Money really does require work, and so many are forgetting that. I hate to say it, but most millionaires are working insane hours and working their figners to the bone for the things that they have. Very, very few have the "perfect" idea that lets them do absolutely nothing and bring in billions, that's almost fiction because of how rare it is.
What I'm trying to say is stop throwing out ideas that dont make boatloads of money and require 0 effort, 0 hours, and 0 work, because that kind of idea doesnt even exist. A B&M store that makes 60k/year will make 600k/year if you open 10 of them and hire a few managers. That's pretty damn fastlane if you ask me. There's a differnce between a fastlane idea and an idea thats WORTH IT.
Working 3 hours per day for 60k/year is a lot better than spending all your time throwing out good ideas and sitting around for your whole life trying to find a "perfect" one.
Calculate how you want to live, and work towards that, dont work towards being fastlane, work towards building the lifestyle you want to live. Like MJ said on the first few pages of his book.. "Any idiot can finance a lamborghini". Remember: ACTION makes money, ideas don’t do anything.
EDIT: I should mention, I am NOT knocking the fastlane book, or the fastlane equation, I hope it did not sound like that.
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