- Joined
- Jun 23, 2016
- Messages
- 59
Rep Bank
$480
$480
User Power: 137%
Hello,
I just found this forum last night and have had many insights already. I have lived off my self employment income since I graduated and the income keeps increasing. I am wanting to build a 2nd business now as I now see that my source of income has high risk (aka not having control).
It seems like I am pretty risk adverse. I like the idea of have rental properties to have a safe passive income, but after running the number for a long time and have my first property under contract I realize that I need a lot of capital or private investors to reach my passive income goals.
This led me to this forum, being able to make a lot of money with a business quickly. My questions boils down to this. How do I pick just one idea and stick with it and how do I judge what is the best? I am used to juggling multiple business ideas in my head and executing them when I see fit (or sometimes not executing any of them and staying with my original business that I know I shouldn't grow too big due to a lack of control). What is a good gauge for when a business is a failure to move on with my next idea or stick with the existing one?
PS I haven't read the book, but I will very soon.
I just found this forum last night and have had many insights already. I have lived off my self employment income since I graduated and the income keeps increasing. I am wanting to build a 2nd business now as I now see that my source of income has high risk (aka not having control).
It seems like I am pretty risk adverse. I like the idea of have rental properties to have a safe passive income, but after running the number for a long time and have my first property under contract I realize that I need a lot of capital or private investors to reach my passive income goals.
This led me to this forum, being able to make a lot of money with a business quickly. My questions boils down to this. How do I pick just one idea and stick with it and how do I judge what is the best? I am used to juggling multiple business ideas in my head and executing them when I see fit (or sometimes not executing any of them and staying with my original business that I know I shouldn't grow too big due to a lack of control). What is a good gauge for when a business is a failure to move on with my next idea or stick with the existing one?
PS I haven't read the book, but I will very soon.
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. :-)
Last edited:
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
