- Joined
- Apr 11, 2019
- Messages
- 25
Rep Bank
$85
$85
User Power: 36%
Story so far:
Debt/Liabilities Situation:
$36000 Total Debt
$2200 Minimum Monthly Bills, Unavoidable
Revenue as of now: $0
Debt was accumulated over the last 10 years. A combination of poor Credit Card & loan management, wrong choice in terms of financial investments, business (on & off over the years) & career decisions (joining the wrong companies again and again - either out of ignorance or lack of any other opportunities).
Work Background:
Quit my Job December end last year due to a combination of frustration, mounting debts, lack of recognition/growth opportunities, politics, personal setbacks etc.
Had about enough funds in the bank account to last till end of may 2019
Full time into self employment/entrepreneurship mode since Jan 2019.
All projects tried since then have failed, 24 in total. Some failed in the execution stage, others were discarded due to non-viability during the planning stage itself.
I don't have any partner or coworker etc. I work by myself.
Current status:
I now only have enough bank balance to get me through May. The banks starts auto-debiting EMI's from my Bank account the 1st of every month. So I have got to do something this month.
This is also the motivation for starting this thread. This being the most crucial month - I need to give my best. And daily accountability by documenting my journey in this thread would be a good check.
Goals:
First goal is to start generating enough revenue to pay the minimum due monthly bills. ($2200)
Secondary goal is to pay off the entire 36k debt/loans/credit card outstanding.
Ultimate goal is to generate enough funds to develop a couple of App ideas that I have.
The Plan:
Based on the lessons learned from the 24 failed projects mentioned above, I have shortlisted 3 new projects. Without going into much detail, two are offers from a well known affiliate network, whereas the last one is again an offer to promote another very well known website - who have their own affiliate program in place.
3 is a good number. I gives good focus, while also allowing me to not to put all my eggs in one basket.
So far, May results have been as follows:
1st May: Drew up this plan listed above
2nd May (Today): Started working on one of the affiliate offer by setting up the website.
Happy to have found this forum at just the right time, really needed something like this.
Good luck everyone.
Debt/Liabilities Situation:
$36000 Total Debt
$2200 Minimum Monthly Bills, Unavoidable
Revenue as of now: $0
Debt was accumulated over the last 10 years. A combination of poor Credit Card & loan management, wrong choice in terms of financial investments, business (on & off over the years) & career decisions (joining the wrong companies again and again - either out of ignorance or lack of any other opportunities).
Work Background:
Quit my Job December end last year due to a combination of frustration, mounting debts, lack of recognition/growth opportunities, politics, personal setbacks etc.
Had about enough funds in the bank account to last till end of may 2019
Full time into self employment/entrepreneurship mode since Jan 2019.
All projects tried since then have failed, 24 in total. Some failed in the execution stage, others were discarded due to non-viability during the planning stage itself.
I don't have any partner or coworker etc. I work by myself.
Current status:
I now only have enough bank balance to get me through May. The banks starts auto-debiting EMI's from my Bank account the 1st of every month. So I have got to do something this month.
This is also the motivation for starting this thread. This being the most crucial month - I need to give my best. And daily accountability by documenting my journey in this thread would be a good check.
Goals:
First goal is to start generating enough revenue to pay the minimum due monthly bills. ($2200)
Secondary goal is to pay off the entire 36k debt/loans/credit card outstanding.
Ultimate goal is to generate enough funds to develop a couple of App ideas that I have.
The Plan:
Based on the lessons learned from the 24 failed projects mentioned above, I have shortlisted 3 new projects. Without going into much detail, two are offers from a well known affiliate network, whereas the last one is again an offer to promote another very well known website - who have their own affiliate program in place.
3 is a good number. I gives good focus, while also allowing me to not to put all my eggs in one basket.
So far, May results have been as follows:
1st May: Drew up this plan listed above
2nd May (Today): Started working on one of the affiliate offer by setting up the website.
Happy to have found this forum at just the right time, really needed something like this.
Good luck everyone.
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