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  1. illmasterj

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

    HOT! INVESTING 
    It's a fair view - after your "asset accumulation phase" you want to focus on asset protection and spin off some income from it. I think most people hold that view, it just looks different depending on the individual. Some like bank interest/CD's, others REITS, others money market funds, bonds...
  2. illmasterj

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

    HOT! INVESTING 
    Thanks for the reply - I thought you were banking abroad to get that 5% yield, that's why I was asking about currency. I no longer live in Australia and tax is low here, so I'm building a "dividend growth" portfolio with the goal of covering my cost of living. I figure it's good to learn this...
  3. illmasterj

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

    HOT! INVESTING 
    @V8Bill if you can't get 5% in a safe bank in Australia, what countries are you choosing to use? Have you priced in the currency risk? (I'm also an Australian, interested in what you've found).
  4. illmasterj

    Grant Cardone "Buying a House is for Suckers"

    EXECUTION 
    One day, when I buy a primary residence it will probably be subsidized by a tenant. A family home with a 1-2 bed semi-detached suite next door - after the property is paid off, why not have the tenants pay your bills?
  5. illmasterj

    What are the Preferred B2B Payment Methods?

    What region is this in @OldFaithful ? I think you'll find that will make a difference. North America, checks & credit card (points). Asia/Pacific, wire transfers (T/T) & credit card (points). Europe, SEPA transfers. But then you also have other methods depending on trust... escrow, PayPal, etc.
  6. illmasterj

    Help with passive income once rich and busy?

    INVESTING 
    This is one area where I strongly recommend taking the time to learn. Everyone in this thread, financial advisors, internet bloggers, journalists, your friends and family will all have opinions and as you're clearly aware, a lot of that advice is bad. Some while good, can also be misguided...
  7. illmasterj

    Sharing my lifetime experience in export/import. Product sourcing specialist.

    GOLD! SOURCING 
    Thanks @Walter Hay you are a wealth of information!
  8. illmasterj

    Stuck? Change Your Environment!

    NOTABLE! MINDSET 
    Damn, it's as if you are telling my story. I moved to Andorra with a friend (my wife) for the mountain biking, hiking and skiing. I have a desk with a nice monitor next to the window that I use as a whiteboard with the mountains as a backdrop. Gotta love the outdoors as a way to clear the mind!
  9. illmasterj

    Sharing my lifetime experience in export/import. Product sourcing specialist.

    GOLD! SOURCING 
    Hi Walter, I'm currently trialing some products to see how well they convert and test pricing, so I'm looking for agents offering items at lower MOQs. Understandably, smaller orders mean higher prices. I'm fine with this. What I'm concerned about though, is setting expectations - that at some...
  10. illmasterj

    Ask me anything about eCommerce (Ongoing)

    GOLD! 
    In all cases I am trying to provide as much value as possible. The highest quality product for the lower quality price. I don't have the knowledge/investment to custom design my own products yet (just packaging), but intend to in future.
  11. illmasterj

    Ask me anything about eCommerce (Ongoing)

    GOLD! 
    Hey @biophase, thanks for taking the time to answer questions in this thread. When it comes to a startup product sales business what do you favor? Margin or volume? Say you have $10,000 to invest in product, and due to MOQs you can only afford 2 products to start out of a possible 4. 2 have...
  12. illmasterj

    Your marketing centre of gravity

    MARKETING 
    Hey Andy, how is the "niching down" going? I've spent the last 2 months at it (brand new website/name). Scary and exciting at the same time!
  13. illmasterj

    Don't let money be your excuse! (How I turned $400 into $18K fast)

    GOLD! 
    Correct. I'm not concerned about anyone stealing the idea, this post was intentionally less specific because - if you need deep detail, you're missing the message. The details don't matter. Value matters. I remember reading this post about 5 years ago and none of it made sense. I was dumb to...
  14. illmasterj

    Help correcting a limiting belief?

    MINDSET 
    Provide value for 1 person and that statement/belief is wrong. Go and do it.
  15. illmasterj

    What software do you use to help manage your personal finance

    INVESTING 
    Google Sheets kicks a$$. You can use functions to query Google Finance such as: =GOOGLEFINANCE("LON:VWRD", "price") =sum(B10*(GoogleFinance("CURRENCY:CADUSD"))) Do some reading into it, it's very powerful and stays up to date. Best of all, it's free!
  16. illmasterj

    How To Value a Business?

    INVESTING 
    Hey @jon.a, I went through this recently - you may find these helpful: https://www.shopify.com/blog/17642316-how-to-sell-your-ecommerce-business-for-maximum-value http://www.vandelaydesign.com/how-to-value-your-website-before-selling/...
  17. illmasterj

    Lending Club Investing: Good Passive Income Source? (Answer: NO)

    NOTABLE! INVESTING 
    Higher yields in what appears to be a reputable New Zealand P2P lending company: https://www.harmoney.co.nz/ Disclaimer: I have no skin the game yet, waiting on a reply from them DYODD.
  18. illmasterj

    Blogging for Profit (With Legendary GOLD Follow Up Posts)

    GOLD! 
    @mjblackwood honestly, as someone that sells digital marketing, it's semantics. To some, content marketing and blogging are the same. To others blogging is blogging and content is used on blogs, social, emails, etc. Call it whatever makes sense to you. If you sell these services, your clients...
  19. illmasterj

    Don't let money be your excuse! (How I turned $400 into $18K fast)

    GOLD! 
    Nothing major. Still planning a visit in 2017 (combining with a conference). Not sure if the partnership will work out, still have some points to iron out. I'm beginning to feel as though the "partnership" is more along the lines of a "Westerner to sell our products". Ecommerce is my strength...
  20. illmasterj

    Blogging for Profit (With Legendary GOLD Follow Up Posts)

    GOLD! 
    In 2016, it's high quality, maximum value long form content for organic search traffic or it's nothing, IMO. Even if you can make average posts work today, they'll be dead in a year or two.

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