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  1. illmasterj

    here's your chance. why start one when you can takeover?

    IDEA 
    An acquaintance I know acquires turnarounds. I think he's up to number 6 now. He has been able to turn around approximately 0 of them. Obviously it's doable but even a successful acquisition of a profitable business is like drinking from the firehouse. Lots to learn in a short period of time.
  2. illmasterj

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

    HOT! CHAT 
    Great thread. You are all making me even happier about where I live.
  3. illmasterj

    MTF's Rebirth: Building a New Fastlane Vehicle

    EXECUTION 
    I understand your challenge. Sounds like you are financially independent so you don't actually need to make a business work. But maybe you feel like you aren't "succeeding" anymore, or are underachieving. I genuinely think the focus of this thread should be more about building the business...
  4. illmasterj

    MTF's Rebirth: Building a New Fastlane Vehicle

    EXECUTION 
    For what it's worth, I saw a documentary once about a man who reforested a bunch of land in New Zealand. He never did it for the money but a happy by-product was that the land could end up earning carbon credits which he then on sold to companies. Not trying to claim that you should do it, just...
  5. illmasterj

    MTF's Rebirth: Building a New Fastlane Vehicle

    EXECUTION 
    Someone I know saw the rising demand from foreigners (mostly Americans) wanting to move to Barcelona. But he himself tried to buy property there and found it to be too expensive for the quality. He bought an apartment cheaper from the bank (it was foreclosed and needed a lot of work, it was...
  6. illmasterj

    MTF's Rebirth: Building a New Fastlane Vehicle

    EXECUTION 
    Put your marketing hat on. 65 year olds who have only been overseas on 2 trips that were mostly just for drinking and laying on the beach don't know that these countries are safe. They're uncomfortable communicating with people who don't have perfect, colloquial English from their region. This...
  7. illmasterj

    MTF's Rebirth: Building a New Fastlane Vehicle

    EXECUTION 
    I disagree. Once you move there you need accounting for your company, tax filing, insurance, help with paperwork because you don't know the language or have the time, etc. there's loads of ongoing bullshit that most of us are very willing to pay money for. I think this has a lot to do with the...
  8. illmasterj

    MTF's Rebirth: Building a New Fastlane Vehicle

    EXECUTION 
    I actually think this is a booming niche. Call it the "escape plan". Check the sentiment right now. Many people want to leave the US, UK, Australia and so on due to political, tax or immigration viewpoints that they strongly disagree with. Many of these people are tech workers or upper middle...
  9. Screenshot_20260926-100223.webp

    Screenshot_20260926-100223.webp

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  10. illmasterj

    Steve, 42

    INTRO 
    Don't buy them then. Get them by giving comments and quotes to journalists and editors. If you change your frame from "I need to get backlinks" to "I want to promote my brand and website", the risk evaporates.
  11. illmasterj

    The lifestyle, hobbies, and fun thread.

    HOT! CHAT 
    Making memories with my kid.
  12. 1000059385.webp

    1000059385.webp

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  13. illmasterj

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

    HOT! CHAT 
    That's the job. You guide them as best you can, then let them experience the world in their own unique way. There are no guarantees in business, health, parenting, etc. We put the right inputs in to the things that we control and are exposed to all the other variables. All we can do then is...
  14. illmasterj

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

    HOT! CHAT 
    If you are earning income, ideally a place with a fairer income tax code so you can get ahead faster. If you have capital, ideally somewhere that isn't increasing their tax on capital (like Aus). Of course also somewhere that you actually want to live and can be happy there. For Aussies who...
  15. illmasterj

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

    HOT! CHAT 
    Surely auDA revenue is going to drop substantially as a result of this. I understand the need for some checks and balances (the current system is easily restrictive enough), but this reeks of something that hasn't been thought through.
  16. illmasterj

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

    HOT! CHAT 
    One more website sold off, one less thing on the list to think about. It's not massively impactful money but it's still nice to have a cash bonus dumped in your account. I don't have many too many people around who understand how this is possible or who don't see it as boasting. I thought this...
  17. illmasterj

    I'm justifying buying a supercar to join a supercar club. Is this a good move?

    OFF-TOPIC 
    Bro this is a terrible idea. You aren't a car guy, but you are justifying it as a way to join a club. The real car guys in that club will see though this immediately "Man that Sirrom doesn't know shit about cars". If you want to become a car guy, sure, maybe there's a tiny bit of logic here...
  18. illmasterj

    Retrospective on 4 years in a pursuit of entrepreneurship. 13 lessons and a life story from a self-taught software engineer and a window cleaner.

    STORY 
    How is this being done without an actual address nowadays?
  19. illmasterj

    Theoretical vs Real Business Potential - What Can You Really Achieve?

    QUESTION 
    I'm working through a similar time period to @MTF and one of the questions I am finding valuable is "if this business was to succeed, would I enjoy running it?" Building is fun and exciting and often done by a single individual, but once it's succeeded, that's when the complexity arises. The...
  20. illmasterj

    Business models that feel grey (gambling, lotteries, raffles)

    MINDSET 
    I'm guessing a few replies to this thread are about Adrian Portelli. Seems he's moving to Dubai now. The news stories all day he will be paying 30% tax via his company but I'm sure he'll be structured well enough to maximise his transfer pricing opportunities...

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