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  1. AgainstAllOdds

    How to legally pay no taxes... possible?

    HOT! TAXES | REGS 
    MJ hit it right on point. They're two different forms of accounting, cash-based accounting being extremely favorable to businesses in a growth stage (and why larger corporations can't use it). View: https://www.youtube.com/watch?v=FfdpupKByiU Here's an extremely simplified video, but it...
  2. AgainstAllOdds

    How to legally pay no taxes... possible?

    HOT! TAXES | REGS 
    To answer your original question, as @Kak said, if you make money, you have to pay taxes. However, if you put nothing back in your pocket, then there are ways to get around paying taxes and instead investing in your business. Product businesses that average under $1,000,000 in annual revenue...
  3. AgainstAllOdds

    How to legally pay no taxes... possible?

    HOT! TAXES | REGS 
    Taxation is theft. Plain and simple. It's getting to the point where the government takes almost twice what you do. Let's say you make $100,000 a year and live in California. You're self employed selling on Amazon. Then here's how your income taxes look: $100,000 = what you earned gross margin...
  4. AgainstAllOdds

    30 year old millionaire but traded my time for money

    Join this community and tap into their network. I've heard good things about the quality of people they have in southeast Asia: http://www.tropicalmba.com/dc/. Meeting random "entrepreneurs" in Chiang Mai (co-working space, going out, etc.), is likely a waste of time. Sure, there might be some...
  5. AgainstAllOdds

    New shoe for the physically disabled - working with a college

    Glad to hear that. Just push forward on your own if the school is taking too long. Once you have something people can get excited about, it's not hard to offer up equity and get someone on board.
  6. AgainstAllOdds

    International Sales: Bringing Factories + Buyers Together

    EXECUTION 
    Just checked my email. Soft closed a top factory. After our conversion, the owner sent confirmation via email and asked for next steps. F*ck yeah. These guys were on our top 3 list of who we wanted to represent. Now have to push on the other two.
  7. AgainstAllOdds

    New shoe for the physically disabled - working with a college

    Another note... You're making this update over winter break, and my guess is that's because you have extra time now. When school starts up again, will you have the time, energy, and motivation to make this a real thing? If the answer is no, then you should quit. If the answer is yes, then go...
  8. AgainstAllOdds

    New shoe for the physically disabled - working with a college

    I just read through the entire thread. Why are you caught up on working with the university? Or another "partner"? A big mistake that people make with their first significant venture is giving up equity to someone they don't need, or adding a party just to make them more comfortable with the...
  9. AgainstAllOdds

    Done P90X3 and T25 too many times

    HEALTH 
    Just write out the workout in an app like FitNotes and don't watch the video. No reason to if it's annoying you.
  10. AgainstAllOdds

    How to convince my slowlane parents to accept my fastlane ideas?!

    IDEA SLOWLANE 
    This. I'll save you ten years of experience: 99% of people in the slowlane will consider you a loser until you achieve their definition of success. For most people their version of success means buying a house, fancy car, or spending money frivolously. Made $100,000 last year, but invested it...
  11. AgainstAllOdds

    International Sales: Bringing Factories + Buyers Together

    EXECUTION 
    Had some great conversations over the weekend with a handful of factories. Looking to close a few deals after Christmas. Also, I was mentioned in this thread a couple times: Anyone have experience with Assembly.com? (Monthly subscription sourcing team) and want to expand on what we're doing. I...
  12. AgainstAllOdds

    Anyone have experience with Assembly.com? (Monthly subscription sourcing team)

    SOURCING 
    You can tell if you get quotes from competing factories. Then compare the price to see how much margin is being added on. If you can't find a competing factory, that means the sourcing agent is still worth it since they're your best option (something through the agent is better than nothing by...
  13. AgainstAllOdds

    GET PAID INSTANT, DAILY INCOME $800-$1200/MONTH

    HOT! SIDE HUSTLE 
    Lol. Someone's a bit butt hurt. Read my comment again. Then read your response. I just noticed you're in Texas. If you enjoy making $1,200 a month -- $14,400 a year - then by all means talk shit and go back to your peasant mentality. I was trying to help you with a shift in mindset but it's...
  14. AgainstAllOdds

    Anyone have experience with Assembly.com? (Monthly subscription sourcing team)

    SOURCING 
    It depends. If your technique is scouring Alibaba and hoping you'll find a good supplier, then I guarantee you that I can take a 5% fee and still outcompete you 10 times out of 10. There's a difference between: "I found a factory that can make my product"; and "I found a factory that has the...
  15. AgainstAllOdds

    Last Minute Christmas Gift For Men

    OFF-TOPIC 
    If he likes beer, he shouldn't mind trying something new. But this depends on what he likes to drink. If he's a hard liquor guy and likes a particular spirit, then he might not enjoy a beer gift as much. Tickets are the easiest thing to buy if you can find something he likes. I'd go with an...
  16. AgainstAllOdds

    GET PAID INSTANT, DAILY INCOME $800-$1200/MONTH

    HOT! SIDE HUSTLE 
    This thread's a waste of time for an entrepreneurial forum. @HUSTLIN HEATHEN and the countless others - you need to switch your mindset from being a low-paid freelancer to a high-paid business owner. Unless you're living in a country where $3,000 a year is the norm, then it's not worth the...
  17. AgainstAllOdds

    International Sales: Bringing Factories + Buyers Together

    EXECUTION 
    Soft closed 1 factory. Top 10 in the world for their space. Have another in the pipeline. Also added my friend in New York to do sales. He's currently in Manila, gets back March. He worked in a boiler room for 8 years (think: Wolf of Wall Street), so should be the perfect guy to head the NY...
  18. AgainstAllOdds

    Will smoking weed make me lazy/hurt my (good) mindset?

    HOT! 
    Another thing to keep in mind: Most of your peers today won't be your peers in ten years. Most people leave high school and keep only a handful of friends from those days - the rest they don't talk to until one day they forget about them completely. Focus on becoming the person you want to be...
  19. AgainstAllOdds

    Tea distributers

    I spent two weeks living in a Chinese tea village. My advice is based on that experience. In your shoes, I'd start by identifying what kind of tea you're importing. Next, figure out where it's grown. Afterwards, search for suppliers in that town through the internet/Alibaba/etc. You only want...
  20. AgainstAllOdds

    Will smoking weed make me lazy/hurt my (good) mindset?

    HOT! 
    This. I stopped smoking socially because anytime I did, I just wanted to eat and sleep. I realized that eating without the marijuana was just as fun. Marijuana is ideal for making you happy with living a mediocre life. Nothing wrong with that. But if you're ambitious, then it's something I'd...

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