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Recent content by Medic

  1. M

    I don't want to contribute to an IRA. Am I nuts?

    INVESTING 
    I Confess I'm not contributing to 401k plans either to due to the complete lack of transpency and continuous push of these programs by slowlane advisors who profess its "free money" and there implication that retirement will be a breeze with the few grand a year allowed in their plan. What...
  2. M

    I'm 47, no net worth, facing some critical decisions...

    INTRO 
    Well mrconder..... Hold tight: I'm also a system engineer (not software) working in a dead end company but make as much as your ex so you'll have to stop using that nonsense as part of your limiting beliefs. Once you wake up and recognize you're putting all your energy into whining and the...
  3. M

    Product liability - a$$ kicked

    Hey Brian, It's a me too product with nothing patentable. Besides a patent would be another 10k! I'm selling well as the product is well featured and cheaper than bigger operators. My problem must be a problem for anyone in niche product development... Unless the niche can support 50k+...
  4. M

    3D printing unborn babies (looking for partners)

    I had that exact idea a couple years ago after we saw our own baby's face in 3D on the screen. Great idea but nightmare issues with getting the 3D data from instrument vendors (even the hospitals have to access the data on vendor supplied reading stations). Then there's HIPPA and how you...
  5. M

    Product liability - a$$ kicked

    Hi all, It's been 2 years since I designed, developed and manufactured an electronic gadget for a niche sport and all is going well. Last year I covered all my development costs and made 10k profit selling internationally in over 25 countries. This year i expect to double my profits and...
  6. M

    Need help understanding distributor relationships

    - Hi all, I am finally in business with my niche sports device. A friend and I created the whole device from scratch in 18 months and now have product to ship, a clean website, ecommerce. It's great to be finally here! We planned to market on forums and social media as people in the sport...
  7. M

    Slowlane success story

    SLOWLANE INTRO 
    Hi Z. I've read so many of your posts, I'm honored you've responded to one of mine! The device I made is for a niche sports market. It's not worth patenting and doesn't lend itself to licensing due to the niche and upside estimates of maybe 100K. The purpose of this product was to get all...
  8. M

    Slowlane success story

    SLOWLANE INTRO 
    I think it depends. You really need the right apartment or a duplex to make it work. My rental ROI is only 5% and that's without a mortgage (I was actually subsidizing the tenant when I had a mortgage). There will be appreciation as the market picks up but even then it's not a great use of the...
  9. M

    Slowlane success story

    SLOWLANE INTRO 
    Hi Felix, That's a good idea. Just like the Fastlane there is definitely a process and formula to a successful slowlane career. The bit I struggled with for a couple years was whether to put extra effort in on the j-o-b in the hope of a promotion/better bonus or to use the time for Fastlane...
  10. M

    Slowlane success story

    SLOWLANE INTRO 
    Hi all, Been lurking on the forum for a while and thought it time to introduce myself: My story is very different from most in that I followed the slow lane and actually did well. Both the wife and I are 2nd generation immigrants of dirt poor parents. We both got underprivileged college...
  11. M

    Successful in other ways

    Hi All, I'd say I'm successful in other ways having made a career in biotech and been a diligent saver over the years. I got frustrated with savings rates and went to some financial advisors who all had great ideas for taking my money for a risky 2% return. I decided to try stock investing for...
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