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  1. Awaken Study

    Michia Rohrssen (Co-Founder of Prodigy Software, sold to Upstart for ~$110m)

    GURUS 
    I can see more people wanting to start the process online and finish in store. I always hated that it's not until hours 2-3 that the financing terms are set before you. Knowing upfront would save a ton of time.
  2. Awaken Study

    Infinite Banking/Become Your Own Bank - Cash Value Life Insurance Strategy

    INVESTING 
    My sister asked me how much she should have in a 401k by a certain age. It turns out if you have $100,000 in investments (excluding primary residence) by the age of 40 you will beat 50-70% of Americans. https://wallethacks.com/average-net-worth-by-age-americans/#equity Most people have 65% of...
  3. Awaken Study

    My introduction

    INTRO 
    Welcome to the forum! What industry are you thinking of studying/ running your business in?
  4. Awaken Study

    Quest for an interesting life

    INTRO 
    I was doing a digital detox so I had a ton of free time. I would turn my phone & internet on for 30 minutes a day to check messages but otherwise the phone stayed off. Reading is how I process information. I know this is counterintuitive for the Fastlane journey but reading has healed me in...
  5. Awaken Study

    Quest for an interesting life

    INTRO 
    Hey welcome to the Forum! My story is similar to yours. I'm 30 now and it feels like I'm starting over. I burned out(mentally exhausted) and it resulted in me gaining 160lbs from 2015-2020. The last 2 years I've spent in a "bare minimum" mode. I put all money goals on the back burner. I work...
  6. Awaken Study

    How to maintain ambition if our goal is provide value?

    QUESTION 
    Wonderful video! Quick Summary: For jobs that require using your brain (not just physical labor), autonomy, mastery, and purpose have a larger impact than money as a motivator. Autonomy: The desire to be self directed Mastery: The urge to get better at stuff Purpose: The Desire to make a...
  7. Awaken Study

    Intro — Starting my Fastlane journey as a Web Designer

    INTRO 
    Welcome to the forum and congrats on the new apartment!
  8. Awaken Study

    Do you know what you’re doing with your money?

    INVESTING 
    I've started doing what @fastlane_dad suggests and send small amounts of money to an index fund. Whenever I see headlines about the stock market I just log into my investments and check. It's depressing watching my 6% gains drop down to 2% but thankfully I'm getting used to it while my account...
  9. Awaken Study

    Michia Rohrssen (Co-Founder of Prodigy Software, sold to Upstart for ~$110m)

    GURUS 
    Dang how is it possible to burn through $7 million a month? I was wondering how they received a multiple of 65x but it makes sense when you add in the $1-$10 billion a year in sales.
  10. Awaken Study

    I'm going to wash windows for money tomorrow for the first time in my life. Any tips?

    HOT! SIDE HUSTLE 
    Good luck. There are things I'm able to see but I guess you'll have to learn them the hard way. Nothing wrong with that. View: https://youtu.be/r_58zPgArb4?si=VBT5tgm99trgUhPy
  11. Awaken Study

    The Odyssey: by Week

    PEOPLE EXECUTION FEEDBACK 
    Yes. I wouldn't pay out-of-state tuition for a community college. Wait a year to establish CA residency and then if that's the path you still want you can return. Congratulations on savings $8,000 at the age of 19! That shows you are good with money. It's awesome that your living expenses are...
  12. Awaken Study

    I'm going to wash windows for money tomorrow for the first time in my life. Any tips?

    HOT! SIDE HUSTLE 
    Is there something holding you back from doing this? What were your plans for after graduation?
  13. Awaken Study

    I'm going to wash windows for money tomorrow for the first time in my life. Any tips?

    HOT! SIDE HUSTLE 
    Okay so if I'm understanding correctly you just graduated high school and will be turning 18 next month. In the US, the next step would be college, trade school or just working. What normally happens in Germany? What are your parents hoping you will do next? I'm asking these questions because...
  14. Awaken Study

    I'm going to wash windows for money tomorrow for the first time in my life. Any tips?

    HOT! SIDE HUSTLE 
    How familiar are you with budgeting and personal finance?
  15. Awaken Study

    I'm going to wash windows for money tomorrow for the first time in my life. Any tips?

    HOT! SIDE HUSTLE 
    How much are the piano lessons?
  16. Awaken Study

    Let's Talk About Subscription Models and Possible Alternatives

    SAAS / APPS 
    Adobe: Founded 1982, 2023 revenue was $19 billion Canva: Founded 2013, 2023 revenue $2 billion Canva had a revenue growth of 35% in 2023. If they had continued on this trajectory, they would have easily surpassed Adobe in another 5-10 years. "This year, we celebrated the milestone of more...
  17. Awaken Study

    Turning the Ignition

    INTRO 
    Welcome to the forum! Honestly I recommend reading biographies. Being an entrepreneur requires a completely different mindset than being an employee. I'm currently reading "The man who solved the Market" a book about Billionaire Jim Simons. His company has achieved 39% returns for the last...
  18. Awaken Study

    "Normal, but Perfect," A Decision-Framework for Living Your Best Life

    MINDSET NEWSLETTER 
    I've been stuck at Step One. For awhile my dreams have included adopting kids from the foster care system. I haven't been able to truly visualize myself doing it in a way that doesn't drain me or my finances though. Thinking about it I realize I'll have to hire help. Someone willing to take...
  19. Awaken Study

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    " Over 30% of 7-9 year olds have an X account" Saw this from Tech Crunch on Instagram. I'm shocked how high these numbers are considering this is the age when most kids are just learning to read. It'll be interesting to see the long term impacts from social media use so young. How will it...
  20. Awaken Study

    Parents, Kids and the Fastlane

    OFF-TOPIC 
    I have mixed feelings about #4: parents working outside the home. I definitely believe kids should see their parents working diligently but I also think it can be taught with intention at home. It'll be interesting to see more research on this.

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