TenMillion
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- Sep 20, 2015
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I thought opening up the discussion here would be worthwhile.
Since reading TMF about 15 months ago I've been hustling non stop to learn and take action. Since then I have started two companies that are related to each other.
The reality of these were that I had to expend my resources (time and money) on a daily basis for the entire period to fund growth. I quit any J-O-B's I had to go full time in these ventures.
That being said, I've been living off of credit and savings during the lean start up phase.
However, here in Canada I have an RDSP, RRSP and TFSA set up with contributions made over the last little while. Granted, these are some very slowlane investment vehicles and totally against what TMF preaches....
I do believe these types of investments to be useful. They get you leverage at the bank to apply for business credit cards/lines. They provide a feeling of security in the event of failure you have something to your name. On the flip side they do inspire a feeling of abundance during the chaotic war that entrepreneurship really is.
What are your thoughts, guys? Do you invest in slowlane vehicles alongside your fastlane? What are the pros and cons? Looking forward to a good discussion. Cheers.
Since reading TMF about 15 months ago I've been hustling non stop to learn and take action. Since then I have started two companies that are related to each other.
The reality of these were that I had to expend my resources (time and money) on a daily basis for the entire period to fund growth. I quit any J-O-B's I had to go full time in these ventures.
That being said, I've been living off of credit and savings during the lean start up phase.
However, here in Canada I have an RDSP, RRSP and TFSA set up with contributions made over the last little while. Granted, these are some very slowlane investment vehicles and totally against what TMF preaches....
I do believe these types of investments to be useful. They get you leverage at the bank to apply for business credit cards/lines. They provide a feeling of security in the event of failure you have something to your name. On the flip side they do inspire a feeling of abundance during the chaotic war that entrepreneurship really is.
What are your thoughts, guys? Do you invest in slowlane vehicles alongside your fastlane? What are the pros and cons? Looking forward to a good discussion. Cheers.
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