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  1. EvanOkanagan

    Growing from 6 figures to 7...

    Are you talking about sales? Profit? Net worth?
  2. EvanOkanagan

    ha ha ha - compound interest shills

    Is this a joke? @1:10 The $5 Rule: "Every time you have a $5 in your wallet, take it, put it in a jar at home, do it the entire year" *Audience Goes Wild* :bored:
  3. EvanOkanagan

    how millionaires live there (their) lifestyle

    HOT! MINDSET 
    So--- you wanted to see how many people would waste their time replying to a thread by wasting your time creating a thread? You got us good Malco!
  4. EvanOkanagan

    how millionaires live there (their) lifestyle

    HOT! MINDSET 
    For me, the hardest part about being a millionaire is deciding "which supercar do I drive today?"
  5. EvanOkanagan

    for mj

    HOT! INVESTING 
    MJ isn't ignoring you, he's currently searching for his crystal ball
  6. EvanOkanagan

    Need feedback on Coffee Cube Idea

    IDEA 
    I agree that the intermittent fasting crowd would be all over this. The convenience of having an "all in one" would solve a lot of problems. I'm either winging it on the butter/mct oil or have to take out some measuring device. That and having "optimal amounts" plus additional healthy...
  7. EvanOkanagan

    Guys I Need Your Help, This is it

    SIDE HUSTLE 
    Where I see this business failing is that it's so focused on how YOU will benefit. I understand that ultimately that's the most important thing to you when starting a business--obviously you need to make a profit. But this is attitude is going to do you wrong in most cases. For example you...
  8. EvanOkanagan

    Money System - What Are You Investing That's Getting 5% Return?

    HOT! INVESTING 
    It definitely differs from person to person. I personally cannot stand having "bad debt" which I consider debt that isn't paying for itself. If I'm ever in this kind of debt, I'll do whatever it takes to get out of it. As far as "good debt" which I consider debt that's paid for by others, it's...
  9. EvanOkanagan

    Money System - What Are You Investing That's Getting 5% Return?

    HOT! INVESTING 
    With leverage, yes. What other investment but Real Estate will the bank lend you hundreds of thousands of dollars with sub 5% interest rates? But yeah, without leverage the returns dip a fair bit.
  10. EvanOkanagan

    Money System - What Are You Investing That's Getting 5% Return?

    HOT! INVESTING 
    True that. It's hard to say that someone should invest in rentals because it's a good return. It can be a great return--but not necessarily in everyone's area. Over the years I've added more and more expenses to calculate return. The vacancy rate is .6% in my city but I've calculated with a 10%...
  11. EvanOkanagan

    Money System - What Are You Investing That's Getting 5% Return?

    HOT! INVESTING 
    My rental properties that are fully managed are getting 15%+ annual returns (not even accounting for any appreciation, just cash flow and principal pay down). That's also factoring in misc expenses, maintenance, vacancy loss etc. Haven't found a better passive way to make money (and it is...
  12. EvanOkanagan

    Does buying still make sense in a high property tax area?

    REAL ESTATE TAXES | REGS 
    Watch vid and read this thread: Fastlane - Grant Cardone "Buying a House is for Suckers" The short answer: it depends. I own a portfolio of SFH, multi-fam and commercial but I live in a condo as a renter. It's subjective...
  13. EvanOkanagan

    Have you had your "FTE"? (Or Was it an FTM?!)

    GOLD! MINDSET FTE CHAT 
    My FTE... about 7 years ago being so broke I had to pay for gas in quarters.
  14. EvanOkanagan

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

    INTRO 
    Just re-read what you wrote in your intro. How much further behind could you fall in your current career? You have zero to show for it (your words).
  15. EvanOkanagan

    Can I make real estate Fastlane at 21?

    REAL ESTATE 
    This. In an earlier post I stressed to network and become friends/acquaintances with those more successful... Well, I'm part of a local Real Estate Investment group and there was a young guy, eager to go who jumped on purchasing a house based on speculation (never do that btw). There was a...
  16. EvanOkanagan

    I have a problem with MJ DeMarco (Follow your passion gets a beatdown)

    GOLD! HOT! 
    It seems like you're forgetting one of the most important commandments of the fastlane that MJ preaches--time.
  17. EvanOkanagan

    Can I make real estate Fastlane at 21?

    REAL ESTATE 
    Another thing I'll note... I can attribute most of my success in RE investing, especially in the early stages due to this. Seek active investors. I quit a high paying, cushy job to work alongside some experienced RE investors in my city. I'd never wanted to be a Realtor before I started, but...
  18. EvanOkanagan

    Can I make real estate Fastlane at 21?

    REAL ESTATE 
    I started with around the same money as you around 26y/o so I can relate. What type of "Real Estate" do you plan on doing? With 20k and wanting to make it a primary source of income, you'd likely have to get into flipping properties. Is that what you're after? Otherwise, I wouldn't use it as a...
  19. EvanOkanagan

    Help with passive income once rich and busy?

    INVESTING 
    As a couple people mentioned before, managed rental properties. The largest time spend will be before & during the deal, but once you've bought it, especially with having a good property manager, it can be a great mix of high returns and little management. I have only 3 of my 11 rental units...
  20. EvanOkanagan

    How Many People Got Rich by ...

    MINDSET RANT 
    (Pardon my Fast n' Furious reference) "Self-help" or motivational books are like a shot of NOS in my opinion... If you're just sitting, idling it will usually have little to no effect. If you're an action-taker, get shit done and are already picking up speed they can help give you a boost to...

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