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Recent content by AgainstAllOdds

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  1. AgainstAllOdds

    Is Donating 10% of Profits to Charity too much?

    John D. Rockefeller tithed 10% of his income since the first check he ever got. Taxes were lower then... but it's still impressive to know that the richest man to ever live got there with a self-imposed outflow of wealth. Donate what you consider fair and find a way.
  2. AgainstAllOdds

    Need help importing from china using Alibaba wholesale "ready to ship"

    Oh: What you should be scared of and 99% of the people on here don't know about are anti-dumping products. If you import an anti-dumping product, then you can get hit with an additional tariff before the government decides to "close the case". That's usually around 2 years after the import and...
  3. AgainstAllOdds

    Need help importing from china using Alibaba wholesale "ready to ship"

    Don't worry about the IRS. That's not a thing unless you're cheating taxes down the line. The $10 you're making a unit might not be worth it today, but is if you can scale. Scale allows for a few things including: Buying in bulk for a lower price, and sea shipping. Your freight costs plummet...
  4. AgainstAllOdds

    Need help importing from china using Alibaba wholesale "ready to ship"

    Assuming you're in the U.S., here you go: Harmonized Tariff Schedule Search. Figure out how to use that. Once you have that, take that number and then look at the attached list. Use the attached list to see what percentage you add on. This is your tariff rate. Let's say your tariff rate is...
  5. AgainstAllOdds

    HOT TOPIC Generally speaking, how much should I pay myself?

    To answer the original question: I don't think the answer should be written out as a percentage. It depends on your goals at the given time. Considerations include a safety net and your lifestyle. Personally, I enjoy having security, and keep 3 years worth of living costs in liquid assets. If...
  6. AgainstAllOdds

    HOT TOPIC Generally speaking, how much should I pay myself?

    What kind of corporate structure is that for? I'm guessing not an LLC, partnership, or S-Corp since it's pass-through?
  7. AgainstAllOdds

    25 year old poker player with $100K in savings. Looking for business ideas..

    Everyone's telling you to keep doing poker this, poker that, bullshit, bullshit. Let's be honest and look at the numbers. You've played professionally for 7 years. Made $100k. That's $14k/year. Is that a lot for Manila? Yeah, I guess. Is that something you should be really proud of? Yeah. But...
  8. AgainstAllOdds

    I humbly ask people on this forum for help

    Everyone's been in your situation. Drink three beers. Realize that shit doesn't matter. If you keep doing what you're doing then you'll keep being where you're at. Then after that epiphany start working on something. You're scared of failure because failing signifies that the dream is dead...
  9. AgainstAllOdds

    How can I source clothing products without a huge investment?

    Start with the main products. Label the rest as sold out. Slowly add the other ones as you get cashflow to reinvest.
  10. AgainstAllOdds

    NOTABLE! Starting a lawn care service business

    Great to see the progress. Keep it up!
  11. AgainstAllOdds

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

    I'm wondering why the f*ck we shut down the entire country for months, just to now allow mass gatherings of people while coronavirus numbers are accelerating. Chicago and other major cities have been packed the past few days with massive protests leading to riots later in the night. If you...
  12. AgainstAllOdds

    EXECUTION I'm going to go from bankruptcy/£240,000 personal debt to a life of freedom using Facebook ads.

    Your mindset is a trap. You're registering income before having the income. You need to have the income before getting into that frame of mind. One of your posts is diminishing your wife's hard work to highlight how what she's doing is stupid, and what you're doing is far superior since it...
  13. AgainstAllOdds

    What online businesses should people with no experience get into ?

    What's your timeline to be successful and put money in your bank account? If 5+ years, then e-commerce/Amazon FBA/etc. If < 1 year, then service based businesses. I'm personally biased towards products since I believe each person can create a product of value that they care about. However...
  14. AgainstAllOdds

    How do you guys keep track of all the new $$ making sites out there?

    1. Buy this book and read it: HBR Guide to Buying a Small Business: Think Big, Buy Small, Own Your Own Company (HBR Guide Series) eBook: Ruback, Richard S., Yudkoff, Royce: Kindle Store. 2. Finish med school if you haven't already and get 1-2 years of experience under your belt. 3...
  15. AgainstAllOdds

    Buyer Experiences at Empire Flippers

    If they're undervaluing your businesses then that would imply that the site is good for buyers, wouldn't it? Why do you think they undervalued so much?

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