Hi fastlaners!
It's time to escape the rat race.
<--- This is me (my avatar).
I'm 23, living in Melbourne Australia, working full time (7am - 4pm, plus commute, Mon-Fri, min wage) in a job that leaves me with roughly $1000 left over after expesnes each month to invest in business opportunities. I budget relentlessly to reduce my expenses as much as possible, so the only way now for me to increase my left over money is by increasing my income.
The last 5 years have seen me take an erratic path after leaving school with no clear destination in mind; studying management, accounting, and then entrepreneurship while also working in various part time and casual jobs in different industries.
About 1 year ago I made the decision to create a long term plan designed to see me into life-long wealth, or as I now call it, the fastlane. The framework for the plan was simple: break down my long term goals into actionable steps that can be executed day by day, while constantly re-evaluating and pivoting the plan as required to overcome inevitable set backs.
1 year ago these were my actionable steps:
- Gain full time employment
- Reduce expenses as much as possible
- Move out with my long term partner
- Position myself to start a cashflow business
1 year later I can happily say I have achieved all of the above and am ready to take the next steps.
3 months ago, with a business fund of roughly $4000, I started my very first business on the side, following a framework I found online that many people claimed to have replicated with success, a domestic cleaning company.
Today, unfortunately, and after a great deal of consideration, I have decided to pull the plug and shut down my first business. I can go into detail about the specifics in another post, but for now I will just say that I learned a huge amount, experienced an incredible amount of personal growth, and will take the lessons learned with me into my next ventures.
Although my first venture didn't work out like I had hoped, my long term plan remains the same. My current goal is to create a new business and grow it to the point where net profit exceeds my income from my full time job. I have roughly $3000 put aside for my next venture, with $1000 more being allocated every month.
At this point in time i am considering entering the realm of ecommerce and will be looking into opportunities in FBA and dropshipping. I am excited to share my journey with everyone here in my upcoming progress threads and I hope I can share some exciting value bombs along the way!
Stay tuned for a write up about my previous venture and the mistakes I made and lessons I learned.
I look forward to engaging with you all in the coming months and years!
@MJ DeMarco
It's time to escape the rat race.
<--- This is me (my avatar).
I'm 23, living in Melbourne Australia, working full time (7am - 4pm, plus commute, Mon-Fri, min wage) in a job that leaves me with roughly $1000 left over after expesnes each month to invest in business opportunities. I budget relentlessly to reduce my expenses as much as possible, so the only way now for me to increase my left over money is by increasing my income.
The last 5 years have seen me take an erratic path after leaving school with no clear destination in mind; studying management, accounting, and then entrepreneurship while also working in various part time and casual jobs in different industries.
About 1 year ago I made the decision to create a long term plan designed to see me into life-long wealth, or as I now call it, the fastlane. The framework for the plan was simple: break down my long term goals into actionable steps that can be executed day by day, while constantly re-evaluating and pivoting the plan as required to overcome inevitable set backs.
1 year ago these were my actionable steps:
- Gain full time employment
- Reduce expenses as much as possible
- Move out with my long term partner
- Position myself to start a cashflow business
1 year later I can happily say I have achieved all of the above and am ready to take the next steps.
3 months ago, with a business fund of roughly $4000, I started my very first business on the side, following a framework I found online that many people claimed to have replicated with success, a domestic cleaning company.
Today, unfortunately, and after a great deal of consideration, I have decided to pull the plug and shut down my first business. I can go into detail about the specifics in another post, but for now I will just say that I learned a huge amount, experienced an incredible amount of personal growth, and will take the lessons learned with me into my next ventures.
Although my first venture didn't work out like I had hoped, my long term plan remains the same. My current goal is to create a new business and grow it to the point where net profit exceeds my income from my full time job. I have roughly $3000 put aside for my next venture, with $1000 more being allocated every month.
At this point in time i am considering entering the realm of ecommerce and will be looking into opportunities in FBA and dropshipping. I am excited to share my journey with everyone here in my upcoming progress threads and I hope I can share some exciting value bombs along the way!
Stay tuned for a write up about my previous venture and the mistakes I made and lessons I learned.
I look forward to engaging with you all in the coming months and years!
@MJ DeMarco
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