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Recent content by Scott Fleming

  1. Scott Fleming

    MONEY SYSTEM - after the exit from several $million Amazon Business

    HOT! INVESTING FTE 
    Real Estate would tie me to a specific location and seems to come with a lot of headaches, unless you hire a firm to run the day to day hassles that come up. My area is not ideal for RE so if i were to go down that route it would likely need a relocation. So I concluded RE was probably not the...
  2. Scott Fleming

    MONEY SYSTEM - after the exit from several $million Amazon Business

    HOT! INVESTING FTE 
    Thank you for this awesome reply. CLARITY over my new life path is everything now and 100% I get what you said about still needing control yourself over the money. Strange, once you get it your mind does also change from risk taker to one of lifelong security (this is probably the wise path, but...
  3. Scott Fleming

    MONEY SYSTEM - after the exit from several $million Amazon Business

    HOT! INVESTING FTE 
    Thank you for this awesome reply - that audio book looks like it is exactly what I need so will buy it and go through it tomorrow :) I am finding that the loss of the hussle is not working so good for me just now. Sure there is plenty of exercise, golf, cooking etc. to do, but not being...
  4. Scott Fleming

    MONEY SYSTEM - after the exit from several $million Amazon Business

    HOT! INVESTING FTE 
    Hello Community, I posted a thread before about the sale of my Amazon business for several $million: Sold business for several $million - now a family business? Over the past couple of months I have met numerous "Wealth Management" firms, but so far something in my gut is stopping me moving...
  5. Scott Fleming

    When you don't have ideas. What should I do today?

    IDEA 
    Read Millionaire Fastlane and Unscripted - ideas will come flowing immediately. Ultra motivational
  6. Scott Fleming

    Sold business for several $million - now a family business?

    MINDSET 
    My eldest worked in my business and him pushing for massive product growth cost me $2m (I was offered $5.5m but as the new products were all launching at the same time, the advertising costs turned the TTM net profits from growth to decline and that buyer pulled out). We launched 66 SKU's in 6...
  7. Scott Fleming

    Sold business for several $million - now a family business?

    MINDSET 
    Eldest is doing some drop shipping. Middle one is pursuing a business that does not meet the CENTS framework so I am sure he will reassess when he gets that (gardening business). Youngest is due to finish school exams in June, then he will be all over it (he has already read and understands both...
  8. Scott Fleming

    Sold business for several $million - now a family business?

    MINDSET 
    thank you :)
  9. Scott Fleming

    Sold business for several $million - now a family business?

    MINDSET 
    Agree fully
  10. Scott Fleming

    Sold business for several $million - now a family business?

    MINDSET 
    My kids issue is they seen what i achieved (i'm 45 with a lot of experience). I agree, they need a job and to set up a business on the side and once they find one that takes off, then can then sack the job
  11. Scott Fleming

    Sold business for several $million - now a family business?

    MINDSET 
    My youngest did online arbitrage at 14yrs old - until Amazon discovered his age. He has a car washing business but the best part is he has a couple of his mates doing the work and he did a 50/50 profit split with them haha :)
  12. Scott Fleming

    Sold business for several $million - now a family business?

    MINDSET 
    Thanks MJ - I am already experiencing a level of "expectation" from my kids and handouts will give them nothing in real life experience. I am actively encouraging and acting as a mentor - they are still young (16,18,20) so have time. My eldest was part of the business so he has some insight...
  13. Scott Fleming

    Sold business for several $million - now a family business?

    MINDSET 
    Only sold mine (completely - as in finished training and got final payment) 2 weeks ago. 20yr old has the starting of a new Instagram business, 18 year old has a job just now and the 16yr old still at school
  14. Scott Fleming

    Sold business for several $million - now a family business?

    MINDSET 
    Hello Community, I recently sold my Amazon business for several $million after 3.5yrs of non-stop extremely hard work and commitment. Everything is possible, but it's not easy! My 3 children (16, 18, 20) all want to follow in my footsteps. Difficulty I am having right now is how to direct them...
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