Hello All,
This has been a successful week so far. The highlights:
Almost made my first sale. (Seasoned salespeople may laugh at me, but to me this is a big breakthrough).
May pick up a sober living job
Accounting seems to be a winning skillset as the barrier to entry is steep. My class went from 33 people down to 8. I have already started using the skills.
Crunched the numbers on a duplex unit in a town that I'd like to live in. It is actually doable if I budget properly.
Started an in person accountability program with a few buddies that seem exited.
I'm shooting for a wealth equation that would look like:
Income = Accounting salary + bookkeeping side work + house manager role + budget work + SEO + AdWords sales (I'm a partner with an agency)
It may take some time to get there, but getting to this equation will help me start to build income that's not bound by time. As I get more wealth, I can start adding more and more real estate to the equation. My main income driver will be my salary as an accountant, which can increase significantly above cost of living in my area. I'm not interested in pulling a Robert Kiyosaki and going 1.2 billion dollars into debt (link). It is a bit slower than inventing Facebook, but I think that this process will get me there.
The long version:
I was within spitting distance of getting my first client in the door. For some, this may seem business as usual, but this was significant as this represents me pushing past my fear of sales. In the past, I used the excuse that I'm introverted as a way to dodge the sales process. I'm actively pushing myself to seek sales opportunities, and the results have been surprising. I quite like sales when I'm selling my own services rather than the tepid offerings that I've sold in the past.
In sum, a buddy wanted me to crunch the numbers on his budget and spit out a way that he can become solvent. I may not be wealthy, but I've saved enough money to live for about two years on my savings while earning only $17/hr. I thought that I would have to prepare relatively complex double entry accounting statements for people. Instead, people just need me to do a basic P&L statement as well as a pie chart. AI can automate this process. Haven't quite hit the sweet spot on this yet.
I've been thinking about this video in relation to wealth (link).
I want to see if I can get a sober living house manager job while I continue my accounting studies as well as doing basic budgeting work. It isn't a sexy 10x crypto zoo token, but it can get me to a target number I need to break into real estate. The sober living job appeals to me, because it is not bound by time. You get a monthly stipend as well as "free" rent for monitoring the clients. It is a stressful job as you can walk in on overdoses and suicides, but I have thick skin after working in the mental health and addiction industry for a couple years. The pay may not be high, but they always need staff as the turnover for these roles can be quite high.
Any books related to the math behind real estate would be useful.
After my experience in EdTech, I have little interest in the technology industry. You see survivorship bias in all the technology that you use on a daily basis, and you don't see the thousands of other companies that didn't quite connect. Still, I tried Wordpress business in the past. Posts like the 18 year old with an 8k/month website builder job show that it is possible. It just isn't the first business that I'd like to get into.
The significant event was crunching the numbers on a duplex unit The math is highly attractive. But I can't afford it now. It will take a few years of grinding before I can successfully make the down payment + have enough cash reserves to weather the storm.
That's my ramble. This process makes me feel more alive than I've felt in a long time. It shows me how lazy I really was in the past, and I'm grateful that I have this community to connect with.
Shout out to @Andy Black and others for helping me get started.
This has been a successful week so far. The highlights:
Almost made my first sale. (Seasoned salespeople may laugh at me, but to me this is a big breakthrough).
May pick up a sober living job
Accounting seems to be a winning skillset as the barrier to entry is steep. My class went from 33 people down to 8. I have already started using the skills.
Crunched the numbers on a duplex unit in a town that I'd like to live in. It is actually doable if I budget properly.
Started an in person accountability program with a few buddies that seem exited.
I'm shooting for a wealth equation that would look like:
Income = Accounting salary + bookkeeping side work + house manager role + budget work + SEO + AdWords sales (I'm a partner with an agency)
It may take some time to get there, but getting to this equation will help me start to build income that's not bound by time. As I get more wealth, I can start adding more and more real estate to the equation. My main income driver will be my salary as an accountant, which can increase significantly above cost of living in my area. I'm not interested in pulling a Robert Kiyosaki and going 1.2 billion dollars into debt (link). It is a bit slower than inventing Facebook, but I think that this process will get me there.
The long version:
I was within spitting distance of getting my first client in the door. For some, this may seem business as usual, but this was significant as this represents me pushing past my fear of sales. In the past, I used the excuse that I'm introverted as a way to dodge the sales process. I'm actively pushing myself to seek sales opportunities, and the results have been surprising. I quite like sales when I'm selling my own services rather than the tepid offerings that I've sold in the past.
In sum, a buddy wanted me to crunch the numbers on his budget and spit out a way that he can become solvent. I may not be wealthy, but I've saved enough money to live for about two years on my savings while earning only $17/hr. I thought that I would have to prepare relatively complex double entry accounting statements for people. Instead, people just need me to do a basic P&L statement as well as a pie chart. AI can automate this process. Haven't quite hit the sweet spot on this yet.
I've been thinking about this video in relation to wealth (link).
I want to see if I can get a sober living house manager job while I continue my accounting studies as well as doing basic budgeting work. It isn't a sexy 10x crypto zoo token, but it can get me to a target number I need to break into real estate. The sober living job appeals to me, because it is not bound by time. You get a monthly stipend as well as "free" rent for monitoring the clients. It is a stressful job as you can walk in on overdoses and suicides, but I have thick skin after working in the mental health and addiction industry for a couple years. The pay may not be high, but they always need staff as the turnover for these roles can be quite high.
Any books related to the math behind real estate would be useful.
After my experience in EdTech, I have little interest in the technology industry. You see survivorship bias in all the technology that you use on a daily basis, and you don't see the thousands of other companies that didn't quite connect. Still, I tried Wordpress business in the past. Posts like the 18 year old with an 8k/month website builder job show that it is possible. It just isn't the first business that I'd like to get into.
The significant event was crunching the numbers on a duplex unit The math is highly attractive. But I can't afford it now. It will take a few years of grinding before I can successfully make the down payment + have enough cash reserves to weather the storm.
That's my ramble. This process makes me feel more alive than I've felt in a long time. It shows me how lazy I really was in the past, and I'm grateful that I have this community to connect with.
Shout out to @Andy Black and others for helping me get started.
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
