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  1. illmasterj

    For those of you starting your business, do you rent or buy your own home?

    HOT! 
    Rent. It goes against what my parents, friends and mainstream media has told me to do but it's given me much more freedom and I believe saved me a great deal of money, which I was able to invest elsewhere. I wouldn't invest too much emotion into the decision, as @jon.a mentioned, it's either...
  2. illmasterj

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

    HOT! INVESTING 
    I look at it as the safety net that allows you to take greater risks. If you sell the fastlane business and invest 100% of that into the next business, there is the chance of losing the lot. Why not invest a portion to cover your living expenses so you literally never have to be concerned about...
  3. illmasterj

    How did you find your industry??

    HOT! 
    I picked IT because I was always good on a computer. A friend picked dentistry because he knew there was heavy demand and not enough supply. Another became a printer because an opportunity presented itself at the right time (he just sold his printing company for multiple millions). Many went...
  4. illmasterj

    YOUR personal instagram account

    MARKETING SOCIAL MEDIA 
    I use it, but to me, it's a perception thing. I sell digital marketing services - not on the channels, but I assume that people interested in using my services check to know if I know my shit. I remember a social media "guru" quoting a client a few years ago. Her accounts were woeful - not...
  5. illmasterj

    Flipping cars, appliances, and other assets.

    NOTABLE! SIDE HUSTLE 
    This will be my play job when I have retired. Except I will trade classics that I want to own. And only sell when there's something worth trading up to...
  6. illmasterj

    How I am retiring at 19 years old

    HOT! MINDSET 
    Ok plenty of negatives noted here so how about a positive... When you have the cash to move into an apartment, no matter how small you are going to appreciate the shit out of it. Some potential stoic lessons are being taught here.
  7. illmasterj

    Ayn Rand and Capitalism

    MINDSET 
    Andorra. Maximum 10%. In reality, more like 2%.
  8. illmasterj

    Consolidation and Focus

    EXECUTION 
    Well I jumped on a plane to take a bunch of meetings. If nothing more, it will be worth an additional 35x my flight price for revenue over the next 12 months (from one proposal). Looking forward to hearing back from the rest. It's definitely time to let go of the concern over outgoing funds...
  9. illmasterj

    500+ LinkedIn Connections in 30 Days

    EXECUTION 
    What is the benefit? What is your "connection" other than a link on a website?
  10. illmasterj

    Global Nomad - where to set up a company

    I know it is challenging to use Stripe as an offshore company nowadays. Braintree can work in some scenarios. You may find with a bank account and mailing address both in the one country that you can continue to use your Panamanian company. You may also find these links useful...
  11. illmasterj

    Global Nomad - where to set up a company

    Is the problem with your bank account or the company itself? If you are able to open a bank account for your company in another country you may not need to incorporate again.
  12. illmasterj

    How do you tell if an idea is a good idea before investing time and money?

    IDEA 
    Following on from @Ubermensch 's points above, when looking for an existing product to sell, I have found this to be an effective "high level evaluation" tool: https://www.thefastlaneforum.com/community/threads/2-minute-test-to-gauge-product-demand.66988/
  13. illmasterj

    Malta Meetup

    MEETUPS 
    I'm not from Malta but I'm not far away. Always wanted to make it there and meeting up would be a great excuse.
  14. illmasterj

    Suggestions for UPC for self branded Amazon products

    If you own the product in Brand Registry you do not need a UPC, you can use an ASIN. You will need a Pro account and to upload using the template, it can't be done through the dashboard.
  15. illmasterj

    I want to live X but how's the internet speed?

    39.99EUR/month. Theoretically a 200GB limit but I've never been shaped. That said, I'm fairly sure the service is shaped hence the difference in down/up speeds. I used to live in Australia with ADSL2+, 7km from the exchange so I'm not complaining. Realistically this is why I didn't end up in...
  16. illmasterj

    I want to live X but how's the internet speed?

    I've had worse, that's for sure.
  17. illmasterj

    Trying to Get at Least 5% Returns...

    INVESTING 
    What about this is tax free? Australia has a 30% dividend withholding tax for non-residents, while residents are taxed on dividend income, correct?
  18. illmasterj

    Evaluating Control

    EXECUTION 
    Great reply. I'd thought the same but wanted to be sure - the important aspect is offering the end result, but using whichever methods/channels make the most sense/provide the best value.
  19. illmasterj

    Evaluating Control

    EXECUTION 
    Maybe I have read chapter 32 too many times - I'm having trouble working out the level of control here. Building a digital marketing agency, you are in control of your staff, in control of your services, in control of which clients you take on, but you are not in control of if those clients...
  20. illmasterj

    Consolidation and Focus

    EXECUTION 
    So it's been an interesting couple of weeks. New opportunities, new frustrations and some great income. Scaling HR is absolutely a challenge and there's been times where I've been ready to chuck it all in. Then I discovered this podcast...

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