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  1. Kak

    MTF needs a slumpbuster: Too many swings, no hits.

    GOLD! 
    I think this is less about your business skills and more about what you demand of a business. You usually have a LONG list of "I don't want to's" Unfortunately, the vast majority of opportunities require doing at least some things you don't want to do. The more things you exclude, the...
  2. Kak

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    Why do you have a partner before you even decided on the business model?
  3. Kak

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
  4. Kak

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
  5. Kak

    The lifestyle, hobbies, and fun thread.

    HOT! CHAT 
    In November, for the first time in my life, I started running. I struggled to complete a single mile without walking. I literally started from nothing. Yesterday, I completed The Woodlands Half-Marathon. It was slow, and I had a bad day, but it's done. More important was the process of running...
  6. Kak

    Face it. The only way to make passive income for average guys is inventing.

    ASSERTION FEEDBACK 
    After being considered a quality poster on this forum for over 10 years, I started an entrepreneurship podcast. I posted over 300 episodes, over ~3 years, of a podcast that was (and maybe still is) decently well loved around here. It wasn't for everyone, the onepreneur and freelance crowd in...
  7. Kak

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    Right before they shoot your pomeranian.
  8. Kak

    Avoiding a higher tax bracket when withdrawing a 401k when retired.. How? (Real estate buyer)

    REAL ESTATE 
    Yes the first however much is taxed at each rung. Then your next dollar is taxed at the new rate.
  9. Kak

    Avoiding a higher tax bracket when withdrawing a 401k when retired.. How? (Real estate buyer)

    REAL ESTATE 
    Careful with the pride about her lack of financial prowess when she's the one with the checkbook IMO. Best of luck making it work.
  10. Kak

    Avoiding a higher tax bracket when withdrawing a 401k when retired.. How? (Real estate buyer)

    REAL ESTATE 
    Talk to an accountant. It's currently untaxed income sitting in an account. You have to look at those retirement accounts as worth about 60 percent of their stated value unless you dispurse very slowly. Essentially, she doesn't have as much money as she thinks she does. Which is unfortunate...
  11. Kak

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    I have to say... People carrying LV stuff have that 30k millionaire, mall dwelling, BMW 1 series lease, 12+ months of income worth of credit card debt kind of vibe to me. The wealthy aren't impressed by this kind of stuff. Ooooh you spent 34k on an entry BMW and 2k on a LV thing? That makes...
  12. Kak

    Your Purpose and Your Deepest WHY!

    MINDSET 
    Why? How about why not? It's better to have resources than not. Do things that allow you to have more resources. The end.
  13. Kak

    "4-Hour Work Week" Has Anyone Pulled This Off FR? I Feel I'm Close But..

    QUESTION 
    There's no one ever that has a ton of time for their kids that makes more money than your cap. Got it.
  14. Kak

    I am 29. My business makes me $2m in income a year. What next?

    QUESTION 
    By the way, I see a lot of people telling you to just sell it. I see it as an opportunity to put someone dynamic at the helm that grows it for your benefit while you aren't looking. This forum is all about you being your best investment when we are talking about $20k, but now that it's a few...
  15. Kak

    I am 29. My business makes me $2m in income a year. What next?

    QUESTION 
    Congrats on the business! Like any deal, decide what makes financial sense to you. If it syncs up with what makes financial sense to a potential CEO that you could get excited about, a deal will progress. Structure could be anything. It's not a set of best practices or anything at this point...
  16. Kak

    Think Big, and Then Think Bigger Than That.

    GOLD! 
    Careful = Comfort Zone "Careful not to try too hard folks. Careful not to be too bold. Careful not to believe in yourself too much. Make sure to lower your expectations and be ok with not becoming all you can be. Don't make too much money. Don't employ too many people. Don't provide excellent...
  17. Kak

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    I think, in general, we have reached a point as a nation where the goal of those in government is to maintain power at all costs. Part of that is to destroy the opposition by any means necessary. It is more scorched earth than ever before. The most recent ruling is absolutely an example of this...
  18. Kak

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    Yeah. It's absolutely massive. I've been to a few events there. It truly is an American palace. The architecture is unlike anything I've ever seen in my life. The property is priceless.
  19. Kak

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    There's no telling. Everything is just political and feelings based now. There's no such thing as objectivity or uniform standards anymore.
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