What's new

Recent content by themich

  1. T

    How to LOAN

    Hi guys, Our business needs to take out a small business loan (10k USD) to fulfill around 2 dozen orders. Basically, the customers are on a 2 week waiting list with money down. The problem is that we don't have enough cash in our bank at the moment to buy the new inventory. Our...
  2. T

    Real Estate book collection

    REAL ESTATE 
    Makes sense, thank you. Still, what about those of us who are outside of the US? 80/20 it, and you would do well reading the 10-25 bestselling/most reviews RE books on Amazon, but maybe some here have specific suggestions that are worth reading.
  3. T

    Real Estate book collection

    REAL ESTATE 
    What about a thread with must-reads about REI? I will update this post continuously with the titles mentioned, this could be stickied. I'll start with this one: this forum's REI section (all posts)
  4. T

    Look what I just read

    MINDSET 
    Below is a passage from Joseph Conrad's Heart of Darkness. Is it me, or does this piece of text perfectly explain how we sometimes feel about slowlaners? "I found myself back in the sephulchral city resenting the sight of people hurrying through the streets to filch a little money from each...
  5. T

    I'm moving to the UK

    I agree international tax is an interesting subject. Still, many of it is being done by large corporations, since it's only worth setting up when a business makes substantial profits (set-up cost vs. tax decrease) and not by small businesses. However, there are plenty of small companies out...
  6. T

    I'm moving to the UK

    I found out they also have a astronomical turnover limit before VAT registration becomes mandatory (€75,000). (Well, astronomical compared to other countries that is) Apart from that, their coporate tax rate is 12,5% (UK: 20%). The question remains: what type of taxes would a non-resident...
  7. T

    I'm moving to the UK

    No. You can always register later if you notice yourself exceeding the 70,000 GBP mark. Even if you lightly exceed it, I read on HRMC's website, you can stay exempt if you stay under it the year after. Correct me if I'm wrong. Something on which there are many conflicting ideas though: is the...
  8. T

    I'm moving to the UK

    I forgot to mention that when selling used items, VAT is calculated only on the profit/margin instead of the full sale price. (when exceeding the 70,000 limit) Does 70,000 GBP still sound too low when you have multiple companies (sort of distribute your activity). Could be, could be. Then...
  9. T

    I'm moving to the UK

    Hi guys, I am a college student running a young retail (eBay) and wholesale business that brings in a nice side income. I live in Belgium, a country notorious for its taxes. Let me state this clear from the beginning: I do not hate taxes with a passion like some people do. Not at all...
  10. T

    Money/Wealth Documentaries Anyone?

    I'm going to make your day. Finance Documentaries: All Documentaries (although some are clearly made for the "masses", if you know what I mean)
  11. T

    A Cautionary Diet book

    EXECUTION 
    I'd just drop the male part then, as said above be more specific. Are you including recipes? Is it going to be partly scientific? How are you going to stand out from the dozens of diet books that claim to have "the secret"? Have a look at Tim Ferriss' The 4 Hour Body. He stood out by...
  12. T

    Ideas: student flats & subletting for $$$

    IDEA 
    Please don't refer to it as advanced just yet, we'll be humble and call it that way after having some tangible results first. But thanks a lot, I think you agree even in Belgium opportunity is everywhere. Sometimes shaped differently than in the U.S., but still there (think of houses priced at...
  13. T

    Ideas: student flats & subletting for $$$

    IDEA 
    Nice to see that there are other Belgians on here. I joined only recently, too. Thanks for the insight, I agree. I may do the renting-out service instead of buying property upfront as can be read above. This thread is merely a way to get some ideas out there and get some feedback. I am an...
  14. T

    Ideas: student flats & subletting for $$$

    IDEA 
    *In case of buying a property: A rough calculation tells me that, at a longer loan (25 yrs), the property would need to have at least 7 rooms to cash flow positively. ((rental income 2450/mo)*0,5)-(25 year loan @ 1000 /mo) = +-200 As Entourage noticed, profits are quite slim in relation to the...
  15. T

    Ideas: student flats & subletting for $$$

    IDEA 
    Any ideas on the renting out part?
See more

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Fastlane Resources

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom