shaitand
New Contributor
- Joined
- Aug 15, 2019
- Messages
- 11
Rep Bank
$135
$135
User Power: 155%
Fair enough, it just wasn't the discussion at the point I hopped on. Even with the nitpicks, he has reduced himself to a very low starting point which means he is showing a path to everyone. He is successively scaling up his seed into higher dollar returns which is good. He needs to grow capital.
I disagree with the lottery assessment. Everything carries risk, he is mitigating, managing, and calculating risk. The items he was trying to scavenge can be found where he was looking, are valued highly because they are used for high dollar operations not because they are uncommon. Expanding his time to search was more like a raffle where he is stuffing the ballot box with many many tickets.
The trinket sales and other small efforts were just a way to extend his survival time to let him keep stuffing the box until he won and in relative terms the reward was high enough to justify it. His actual margin was about 400% which is repeatable, the margin on the trinkets was a one off with a 400% return. That took him to a higher tier of capital growth with cars. The margin is 200-400% on his car deals. Noticing a pattern? He is scaling his capital growth.
Even the business itself would normally be another way to grow the capital, you build it up to be valued high and then sell it. A business more or less gets valued on a multiple of years revenue projection so you get someone who will pay future profits now and take the future revenue alongside dumping all the risk. Take the capital return and start a few of them and do the same thing again.
At that point it depends on your goal. Your capital seed is large enough for passive traditional investments with lower risk/lower reward. There is a little secret, when you start spreading across many investments you are reducing the impact of a failure but increasing the probability that a failure will occur. Mathematically, that is going to be very important to remember if you want to keep your money at this stage.
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
