- Joined
- Mar 12, 2022
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Hello everyone,
I’m Raphael, 30 years old, and I work in the Navy of a NATO country.
I read the TMF book about a week ago and I was really inspired by it.
About a year ago, I had a revelation that I couldn’t live the life I wanted by staying on (what I now know is called) the slowlane.
My goal is to retire in less than 10 years (I’m 30) and to have a 10 meter yacht in which I could travel with my family.
Me and my wife first tried reaching this goal by investing in real estate which has been going well but has reached its limits. We own 3 appartment buildings with 14 units combined and hopefully will be able to close on a house (for ourselves) in the next 3 months.
We bought all properties with 0% money down and even though the 3 appartment buildings cash flow (700$ combined) our debt to income ratio is too high for a bank to allow us an additional loan.
My big issue is that I cannot leave my job in the military. I have signed a contract that lasts until 2027 and it would be illegal for me to breach it. I could ASK for my contract to be over in 2 years but this has a 20% likelihood of success and would mean that I could get posted anywhere in the meantime by my HR department, which is not an acceptable risk for my family.
We are currently working an an ecommerce site in the boardgame industry but we are having trouble finding the time to execute. We’ve been working on the idea on and off for 10 months but we haven’t launched yet (although we will hopefully launch this month).
I’m also doubting that this is a fastlane business because we are filling a niche and I’m not confident there’s enough people NEEDING our products.
A second idea is to venture in FOREX trading. I know after searching this forum that this isn’t a well regarded topic and not considered a fastlane business but I think this could be an option for me because I’m very analytical and good with numbers.
I’m aware this will not allow me to reach an exponential growth but I have about 100k$ so I’m toying with the idea of trying to approach my goal of about 5m with forex.
If we look at it through the CENTS scope :
Control : 80%, you are not in control of the market but everything else is under the trader’s control, when to get in and out, the technique used, risk management,…
Entry : 50% It’s super easy getting in for sure but to be a successful trader you need to LEARN for a long period of time which means there’s a high barrier for being successful
Need : 0% You don’t produce anything useful
Time : 60%, not completely passive but far from being full time either.
Scale : 100%.
Anyway nice to meet you all and looking forward to hearing any advice you could have for me!
I’m Raphael, 30 years old, and I work in the Navy of a NATO country.
I read the TMF book about a week ago and I was really inspired by it.
About a year ago, I had a revelation that I couldn’t live the life I wanted by staying on (what I now know is called) the slowlane.
My goal is to retire in less than 10 years (I’m 30) and to have a 10 meter yacht in which I could travel with my family.
Me and my wife first tried reaching this goal by investing in real estate which has been going well but has reached its limits. We own 3 appartment buildings with 14 units combined and hopefully will be able to close on a house (for ourselves) in the next 3 months.
We bought all properties with 0% money down and even though the 3 appartment buildings cash flow (700$ combined) our debt to income ratio is too high for a bank to allow us an additional loan.
My big issue is that I cannot leave my job in the military. I have signed a contract that lasts until 2027 and it would be illegal for me to breach it. I could ASK for my contract to be over in 2 years but this has a 20% likelihood of success and would mean that I could get posted anywhere in the meantime by my HR department, which is not an acceptable risk for my family.
We are currently working an an ecommerce site in the boardgame industry but we are having trouble finding the time to execute. We’ve been working on the idea on and off for 10 months but we haven’t launched yet (although we will hopefully launch this month).
I’m also doubting that this is a fastlane business because we are filling a niche and I’m not confident there’s enough people NEEDING our products.
A second idea is to venture in FOREX trading. I know after searching this forum that this isn’t a well regarded topic and not considered a fastlane business but I think this could be an option for me because I’m very analytical and good with numbers.
I’m aware this will not allow me to reach an exponential growth but I have about 100k$ so I’m toying with the idea of trying to approach my goal of about 5m with forex.
If we look at it through the CENTS scope :
Control : 80%, you are not in control of the market but everything else is under the trader’s control, when to get in and out, the technique used, risk management,…
Entry : 50% It’s super easy getting in for sure but to be a successful trader you need to LEARN for a long period of time which means there’s a high barrier for being successful
Need : 0% You don’t produce anything useful
Time : 60%, not completely passive but far from being full time either.
Scale : 100%.
Anyway nice to meet you all and looking forward to hearing any advice you could have for me!
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