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. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
