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  1. LateStarter

    To Travel Or Not To Travel

    MINDSET 
    Take it from an old guy; "You're young. You have time." Travel. Get life experiences. Understand how the world works. You can start a business at any time (even when you're in China if it's the right opportunity).
  2. LateStarter

    Starting my journey to 1 million$ in less than 2 years by following these principles.

    INTRO 
    I appreciate the changes you've made since starting this thread. But why did you start this progress thread to begin with? If I were go guess I'd say the point of this progress thread is to: have a sense of accountability for your goals, document the process to provide value to those who may...
  3. LateStarter

    What is the BEST "value" you ever paid for?

    NOTABLE! HOT! CHAT EXECUTION 
    The last one was the iRobot i3+. It would find it's dock but just stop charging and never resume it's schedule. I cleaned the contacts, replaced the contacts, tried to improve the contacts with higher copper pads and it still wouldn't work. It would dock, start charging, then a few minutes...
  4. LateStarter

    What is the BEST "value" you ever paid for?

    NOTABLE! HOT! CHAT EXECUTION 
    I have a roomba and 2 other brands sitting a pile waiting for e-waste pick up. My wife was talking about getting another one today. So thanks for the well timed post. I'm assuming you'd recommend it?
  5. LateStarter

    In the waitlist

    OFF-TOPIC QUESTION 
    That's an aspiration. What are your goals. Picture your ideal future. What does it look like? Detail it out. What do you do to spend your time. How so you make your money. What does your daily life entail. If in doubt look up MJ's 1/5/10 and start with that. We can't tell you what to do...
  6. LateStarter

    In the waitlist

    OFF-TOPIC QUESTION 
    Let's back it up a few steps. What are your goals?
  7. LateStarter

    Is buying a resort stupid?

    INVESTING 
    If you want to go over some of this in private, hit me up on a DM and we can set up a call. You have to evaluate it 2 ways. 1) What would you pay for the current business (regardless of their asking price) and 2) What do you think this business 'could' be worth if you improve it? Pitch an offer...
  8. LateStarter

    I bought my first rental property. Here’s how I did it and what I learned.

    NOTABLE! REAL ESTATE 
    I don't want to hijack this thread. The point of my earlier post was to point out through my experience how limiting beliefs can hold you back from huge opportunities. Assume you know nothing before you assume you know enough. People think there's no opportunity in an expensive market, but...
  9. LateStarter

    New Opportunity For Hands On Experience But Must Sign Disclosure Agreements

    QUESTION 
    *I'm not a lawyer* A contract lawyer would be able to help you with this. Most NDA's have General Restrictions around use of disclosed information. Confidential information disclosed will need to be returned or destroyed when the NDA terminates (should have a term and termination clause) and...
  10. LateStarter

    I bought my first rental property. Here’s how I did it and what I learned.

    NOTABLE! REAL ESTATE 
    Great! I'm happy that others are scared off of the Toronto market. More for the rest of us! :devil: I've made pretty much all my money by investing in real estate in Toronto over that past decade. The first deal I bought was a triplex for $425k with 20% down. After minor renos (~$10k) and one...
  11. LateStarter

    I bought my first rental property. Here’s how I did it and what I learned.

    NOTABLE! REAL ESTATE 
    Congrats on taking the first step! If you have utilities separately metered for each unit, start making the tenants responsible for their own utilities as they start turning over. Otherwise they won't give a shit how much hydro and water they use and you'll be on the hook for it all. How much...
  12. LateStarter

    What's your motivation to do things if you don't need to make money.

    NOTABLE! HOT! MINDSET 
    Another year passes... so it's time to check in with @biophase . How are you doing Kenric? How's the basketball court coming along? I'm 48 and I admit that in terms of net worth, I'm not where you're at. I have enough that my wife and I can retire today if we wanted to. She is feeling like it's...
  13. LateStarter

    Any Good Opinions About Moving House Experience

    MINDSET 
    It sounds like you really have 2 options: Live with the parents until you have a business (not just an idea) for something worth pursuing, or Move out and live on your own in order to create a business while under more financial pressure. Whether you choose to move out and live on your own or...
  14. LateStarter

    Unhappy? Then pack your damn bags and move...

    GOLD! HOT! MINDSET 
    Yeah I agree. Your habits are often a result of your environment, and not just when it comes to people. Go rent an AirBnB for a month somewhere by yourself and see how different your daily life becomes.
  15. LateStarter

    Building a billion dollar enterprise

    GOLD! EXECUTION 
    There are a lot of real estate investing and business valuation/acquisition terms. Depending what you're pursuing, you may not need to know these things. For real estate investing, start by looking at Bigger Pockets (website, forums, books, videos, everything). Join the forums and dive in to...
  16. LateStarter

    Business Opportunities 2023: Next Big Trends

    IDEA INVESTING 
    Yes. I am considering taking a deeper look at how a standardized neural network model and AI application can be commoditized and implemented for knowledge management in a fairly generic way. As a business, you could just be the provider of the platform (SaaS). Or you could also aide in the model...
  17. LateStarter

    Business Opportunities 2023: Next Big Trends

    IDEA INVESTING 
    I think there's still a bigger opportunity here than just customer service. Yes, AI will be able to replace many roles in corporations in the very near future; customer service, project management, legal, HR, etc. I suspect that specialized products will emerge to fill each of these needs. The...
  18. LateStarter

    Why Real Estate is Bullsh*t

    REAL ESTATE 
    I'd consult with an accountant on that one. I've never done a flip on a duplex primary residence as house hack. I'd be surprised if the government let you take all the tax-free appreciation as your principle residence. I suspect they'd try to take a portion of it as a rental property...
  19. LateStarter

    Starting my journey to 1 million$ in less than 2 years by following these principles.

    INTRO 
    Constructive criticism Let's unpack this! You started this thread 2 weeks ago making an audacious goal of making $1M in 2 years with no money, no plan, no direction. That's infinite growth from where you are today. Reasonable goal? You said you'd update the thread every Monday and didn't last 1...
  20. LateStarter

    Have an Idea but not sure of the steps to get to final product

    IDEA 
    If you need someone to help set some direction where you can discuss in confidence, send me a PM. I'm an electrical engineer, and I won't steal your idea.

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