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Recent content by FauxPas

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    HOT TOPIC The Great Rat-Race Escape by MJ DeMarco, Now in Pre-Release

    I'm very excited to read your next book! What was the inspiration behind making it and how is going to be different than the 2 books prior? The impression I'm getting from this is that unlike your previous two books (Which do a fantastic job explaining the Fastlane formula) this book will...
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    What was the inspiration behind the great rat race escape?

    So what can we expect to learn from MJ's new book?
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    "My life became richer the day I stopped chasing passive income"

    I will concede to the point that material possessions doesn't create long term happiness. In the beginning it does bring you happiness, but after some time goes on you become desensitized to what you have. But what does create happiness is experiences, which is something you can't have without...
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    "My life became richer the day I stopped chasing passive income"

    Nah the point of making this post was to mock her ridiculous assertion that in the long run it's worse to work towards an income stream that creates income for you free of your time, allowing you to do what you want, when you want, with no strings attached than a system where you have to slave...
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    "My life became richer the day I stopped chasing passive income"

    https://entrepreneurshandbook.co/my-life-became-richer-the-day-i-stopped-chasing-passive-income-a4e8468435e5
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    Is it actually true as MJ claims that starting a business doesn't require much capital?

    It's just at this stage of my life, I don't feel ready yet to take on the full leap of entrepreneurship. I'm 19 trying to establish my financial self-sufficiency and figure my life out so that I no longer have to live with my parents anymore. Because I know that I can't live in my parents house...
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    Is it actually true as MJ claims that starting a business doesn't require much capital?

    So then wouldn't your only option to cash out would be to turn your company public? Because I can only see a company that doesn't make a profit be bought out for the sake of eliminating competition.
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    Is it actually true as MJ claims that starting a business doesn't require much capital?

    How can a company be valued that much and not make profit? Is it the assets of the company that's driving that valuation?
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    Is it actually true as MJ claims that starting a business doesn't require much capital?

    I don't get how MJ can say that you don't need much money to start a business when there are literally businesses that absolutely require capital to even get started. (Whether from your own money or investors). Starting an internet company is not the same thing as a manufacturing company. Where...
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    I'm an idea retard, how to alleviate the problem?

    I think I'm retarded when it comes to ideas. I can't think of much business ideas. I've only got one idea. And yet I still struggle to come up with more. I understand the concept about focus but not all business ideas are exactly suitable for everyone to tackle that meet the C.E.N.T.S...
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    OFF-TOPIC This could be the next facebook

    They don't have absolute power to stifle their competition. They can make it difficult, sure. But if Gides ends up being creative enough, it can make it work. I think the biggest pitfall for this company is how will it get people to use it. Once people understand its value, there will be nothing...
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    OFF-TOPIC This could be the next facebook

    I see it as becoming a more professional social media if that makes sense. I know that it'll have some kind of value skew, it just hasn't manifested itself yet or isn't quite foreseeable.
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    OFF-TOPIC This could be the next facebook

    That's ok, don't feel like you have to. No one can accurately predict the future of a startup, but they can get a rough idea. And sometimes even with by your best estimates it can still fail nonetheless. Regardless, this is is a risky of thing to do. 90% of startups do indeed fail, so this isn't...
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    INTRO Tips for a 18 year old

    Save most of your money, do not be like most teenagers that spend all of their money. I'm 19 and have been successfully doing this thus far (It's hard not to spend your money at all but I value what it'll do for me over the long term than some short term pleasures.)
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    OFF-TOPIC This could be the next facebook

    No this is a coincidence. I came across MJ's stuff a little bit before August. And then I discovered what equity crowdfunding was in August. And then I invested in it just recently NOTE: They started their beta launch in August, same goes for their crowdfund. However I actually first...

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