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Hey there, I read The Millionaire Fastlane a year or two ago and found it highly motivating and inspirational. I'll try to keep my background as concise as possible.
Experience:
I've recently taken a job through a family member contact as a side-hand to a guy who owns and operates his own well pump business. The point in taking the position is to eventually own and operate my own business. Unfortunately, the work seems patchy and unreliable. I asked another owner if it was conceivable to eventually produce $250,000-$300k annually as a sole owner and operator and they felt it was definitely possible. The current guy I'm working with claims that his best year produced $150,000.
I'm overall incredibly lost at the moment, and not sure which direction to head. I don't know if I should stay on board with this guy, or head in another direction. The last thing I want to do is waste any more time at my age and end up back at square one 3 years from now.
I've always wanted to follow in my family's footsteps and get into real-estate investment (several family members own 50+ homes and are worth probably well over 8 figures), but that isn't remotely possible with my current position. I've lived off of next to nothing the last three years, and the financial suffering must stop. I've essentially lived off of 10-15k annually for the last few years, and will not do it any longer. I've never accepted government assistance despite being well below poverty, and don't believe in our nation's pathetic welfare state.
I own my own home, and have minimal monthly payments. I have zero credit card debt, but do have student loan debt.
I tried desperately, and overcame hundreds of obstacles in an attempt to make the lure business a success. I gave it everything I could, but have finally come to the realization there is little point to continue, at least with the same amount of effort.
I realize my past experience is all over the place, but I'm hoping to get some valuable insight from successful people out there. I owned my own dental lab because I absolutely had no desire to work with anyone or for anyone. The same was true for the lure business. I'm very independent, and believe I can be successful at most endeavors I set out on. I absolutely dreaded the idea of getting a standard 9-5 job and working for a big company. My biggest fear in life is complacency and settling for average. Ironically, avoiding standard jobs for the last several years as put me in a level of poverty I wouldn't advise for anyone.
It seems as though every day I come across people making large sums of money with minimal effort. My last girlfriend had a goverment job making 90k and she essentially drove around in a car all day doing one or two site inspections... Bitterness has slowly been creeping into my life. A concept I have always found pathetic, because it is.
Do I just take a city job, or some mundane position where I make $17-20/hr and come home exhausted, only to wake up to the same nightmare the following day? I'm fully aware this is the standard, and I'm not claiming to be better than anyone, but I couldn't live with myself in such a position.
My cost of living is minimal, so whatever income I can establish could rapidly go to investments. Does anybody here have experience working from home, or have any entrepreneurial ideas to generate revenue? I realize I can't really ask a more broad question, but times are tough, and I've come to the point where I may just have to pick up a job at walmart or something. Whenever that prospect enters my mind, I think of my multiple college degrees, past experience, and wonder where I've gone wrong. Probably a bit too much pride, but my current vantage point is blinding me to any potential. Any valuable insight would be greatly appreciated.
Experience:
- Fire Academy graduate, with EMT training and brief firefighting career
- Bachelor degrees in both Linguistics and Speech Pathology
- Graduate of dental laboratory technology school
- A decade of experience working as a dental lab technician (Owned/operated my own business/dental lab for appx 8 years)
- 3 years experience owning a specialty lure/swimbait company
- recent experience in water well pump work
- age 38
I've recently taken a job through a family member contact as a side-hand to a guy who owns and operates his own well pump business. The point in taking the position is to eventually own and operate my own business. Unfortunately, the work seems patchy and unreliable. I asked another owner if it was conceivable to eventually produce $250,000-$300k annually as a sole owner and operator and they felt it was definitely possible. The current guy I'm working with claims that his best year produced $150,000.
I'm overall incredibly lost at the moment, and not sure which direction to head. I don't know if I should stay on board with this guy, or head in another direction. The last thing I want to do is waste any more time at my age and end up back at square one 3 years from now.
I've always wanted to follow in my family's footsteps and get into real-estate investment (several family members own 50+ homes and are worth probably well over 8 figures), but that isn't remotely possible with my current position. I've lived off of next to nothing the last three years, and the financial suffering must stop. I've essentially lived off of 10-15k annually for the last few years, and will not do it any longer. I've never accepted government assistance despite being well below poverty, and don't believe in our nation's pathetic welfare state.
I own my own home, and have minimal monthly payments. I have zero credit card debt, but do have student loan debt.
I tried desperately, and overcame hundreds of obstacles in an attempt to make the lure business a success. I gave it everything I could, but have finally come to the realization there is little point to continue, at least with the same amount of effort.
I realize my past experience is all over the place, but I'm hoping to get some valuable insight from successful people out there. I owned my own dental lab because I absolutely had no desire to work with anyone or for anyone. The same was true for the lure business. I'm very independent, and believe I can be successful at most endeavors I set out on. I absolutely dreaded the idea of getting a standard 9-5 job and working for a big company. My biggest fear in life is complacency and settling for average. Ironically, avoiding standard jobs for the last several years as put me in a level of poverty I wouldn't advise for anyone.
It seems as though every day I come across people making large sums of money with minimal effort. My last girlfriend had a goverment job making 90k and she essentially drove around in a car all day doing one or two site inspections... Bitterness has slowly been creeping into my life. A concept I have always found pathetic, because it is.
Do I just take a city job, or some mundane position where I make $17-20/hr and come home exhausted, only to wake up to the same nightmare the following day? I'm fully aware this is the standard, and I'm not claiming to be better than anyone, but I couldn't live with myself in such a position.
My cost of living is minimal, so whatever income I can establish could rapidly go to investments. Does anybody here have experience working from home, or have any entrepreneurial ideas to generate revenue? I realize I can't really ask a more broad question, but times are tough, and I've come to the point where I may just have to pick up a job at walmart or something. Whenever that prospect enters my mind, I think of my multiple college degrees, past experience, and wonder where I've gone wrong. Probably a bit too much pride, but my current vantage point is blinding me to any potential. Any valuable insight would be greatly appreciated.
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