Hey, so this is my first post on the forum, so I'm not exactly sure if this is the right place to post about this. As I've read through the book, I've noticed MJ saying that passive income is the best type of income to receive. That a good goal, is the goal of eventually being able to reduce your time working towards your income. And he also notes that though using Human Resources could bring you more income, Human Resources, and having a need for them lowers passivity generally. That's at least how I've interpreted it
Well, right now I'm about 60% through the book, and in my opinion, it's probably one of the best financial books out there.
What I was originally planning on doing, before I read this book, was starting a computer services business where I repair, speed up, and upgrade computers. You know, the usual 'Geek Squad' stuff. I don't have too much invested in my company, or too large of a client base yet, so I do have freedom to change things around. Because according to what I've read so far, what I have is not the most profitable thing to have for a business. Especially considering some variables... one being that I'm 17 years old, and although I only have 1 year left in High School, I feel like it gives me a disadvantage, in comparison to the '40 Year Old Veteran'. Another is that I can't transport myself until I get my license in the winter.
Though I have been studying for various certifications, I feel like the idea of being a Teen PC Repairman doesn't offer enough monetary potential for me. I love MJ's idea of passive income without having to worry about being there at the right time, or having to hire others.
My questions would be:
a. Do you think I should ditch my current business idea (Because it might be wasting my time?)
or
b. Use my business idea to get more money towards a better startup
or
c. Keep with it?
and
Does anybody have any suggestions on how I could take my computer expertise to a 'Money Tree' style business as MJ Suggests?
Thank you all so much for any help
Well, right now I'm about 60% through the book, and in my opinion, it's probably one of the best financial books out there.
What I was originally planning on doing, before I read this book, was starting a computer services business where I repair, speed up, and upgrade computers. You know, the usual 'Geek Squad' stuff. I don't have too much invested in my company, or too large of a client base yet, so I do have freedom to change things around. Because according to what I've read so far, what I have is not the most profitable thing to have for a business. Especially considering some variables... one being that I'm 17 years old, and although I only have 1 year left in High School, I feel like it gives me a disadvantage, in comparison to the '40 Year Old Veteran'. Another is that I can't transport myself until I get my license in the winter.
Though I have been studying for various certifications, I feel like the idea of being a Teen PC Repairman doesn't offer enough monetary potential for me. I love MJ's idea of passive income without having to worry about being there at the right time, or having to hire others.
My questions would be:
a. Do you think I should ditch my current business idea (Because it might be wasting my time?)
or
b. Use my business idea to get more money towards a better startup
or
c. Keep with it?
and
Does anybody have any suggestions on how I could take my computer expertise to a 'Money Tree' style business as MJ Suggests?
Thank you all so much for any help
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