The Entrepreneur Forum | Financial Freedom | Starting a Business | Motivation | Money | Success

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Join free.

Join over 80,000 entrepreneurs who have rejected the paradigm of mediocrity and said "NO!" to underpaid jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence.

Join FREE
Download Books
No Ads? Join Insiders
Free registration at the forum removes this block.

Search results

  1. MonTexan

    Oil Wells as a Path to the Fast Lane?

    I really don't know of any books relative to oil and gas investing. Unlike real estate gurus, marketing gurus, and Suzy Orman, I guess most folks who know oil and gas make their money is oil and gas rather than book-writing. ;) The best thing you can do is seek out a few great mentors and...
  2. MonTexan

    Oil Wells as a Path to the Fast Lane?

    I'm in oil and gas so I'll swag some numbers for you by backing into your $750k net income. If you were to buy 4 oil wells which make 10 bbl/day each, your gross annual revenue would be $1.46MM at $100/bbl oil price. Subtract off 25% for the typical lease burden (landowner) and you have $1.1MM...
  3. MonTexan

    Gun Chat/Personal Protection: The Dangers Of Getting Really Rich

    OFF-TOPIC 
    A 0.380 in the waistband beats a 0.45 in the truck every time.
  4. MonTexan

    Progress Thread: Consistently Profitable Trader

    EXECUTION 
    "Missing a trade is also a big no-no in my plan to become a professional trader, as I imagine myself getting paid to trade for some big company, and I can see my boss chewing a decent strip off of me for missing a trade like that." I don't think you should be so worried about missing an...
  5. MonTexan

    A Lone Star State Howdy

    Welcome to the forum, lots to learn here!
  6. MonTexan

    My REI Strategy (Please Critique)

    REAL ESTATE 
    Sounds to me like you need to get rid of your partner. If he doesn't bring money, credit, or work ethic to the table it doesn't sound like he brings much. Big picture, your strategy is sound. I think you should just keep working at talking to sellers. Even though it's uncomfortable now...
  7. MonTexan

    Refi personal home

    REAL ESTATE 
    2.7% is basically an all-time low, sure it might go a bit lower but I'd say just get on with it so you can stop throwing so much money at interest and start redirecting those same dollars toward paying down your principle.
  8. MonTexan

    Progress Thread: Consistently Profitable Trader

    EXECUTION 
    Nice summary in your manifesto...lots of nuggets in there. I especially like the ALL CAPS in the "never remove a stop" part. I have done this before and learned the hard way. Sounds like you have as well! Congrats on taking action and I look forward to following your progress, Jon.
  9. MonTexan

    The best way to lead your team

    MINDSET 
    It may be cliche, but you must lead by example. Demonstrate with your actions what you expect of your employees. It's all a value proposition...you must teach them how to add value. And if they're adding massive value make sure you compensate them accordingly so you don't lose them to your...
  10. MonTexan

    What have you learned this year?

    HOT! MINDSET 
    I learned that it's good to be rich. In love, in life, in friends, and especially in newborn babies. *and money*
  11. MonTexan

    The Misery Portfolio

    INVESTING HOT! 
    Pulling the figures from MJ's original post into a spreadsheet and looking up current values here's what I come up with: Not too bad...so who went all in?? :bgh:
  12. MonTexan

    My lucrative stock market investment with little capital

    INVESTING HOT! 
    This can be common when trading fairly volatile positions. I typically pick stop loss figures using some multiple of the average true range. If I'm looking to trade something 'simple' like the SPY I might set the stop at two times the ART14. If I'm trading a 3X levered position I might do...
  13. MonTexan

    The most important success principal you've ever learned?

    MINDSET 
    Whatever you're doing, focus on doing it really well. Stop half-assing and doing just enough to get by and start exceeding expectations. Whether you're running your own business or even more importantly, working in someone else's start delivering results! Star performers get noticed. By...
  14. MonTexan

    How do all of you invest your money?

    HOT! INVESTING 
    I invest in real estate and various side ventures and also trade the market, primarily via ETFs. While I hate to gamble in a casino, I have no trouble playing the double and triple levered ETF market. In a casino I know with mathematical certainty that I will lose over the long run but with...
  15. MonTexan

    Houston Fastlane Meetup!?!?

    MEETUPS 
    I'm near Crisp in the heights. Hay Merchant is a good spot as well. Strange menu though....once had buffalo chicken livers there! They're good while the buffalo lasts right up until the liver kicks in!
  16. MonTexan

    Speeding :(

    OFF-TOPIC 
    How does your CHL help you get out of tickets? It's never seemed to help me avoid them!
  17. MonTexan

    Cigars?

    OFF-TOPIC 
    I like the Alec Bradley Maxx. With some glenlivet nadurra, of course.
  18. MonTexan

    Houston Fastlane Meetup!?!?

    MEETUPS 
    I always thought a well-marketed microbrewery could do great in Texas since there don't seem to be many of them (compared to CO and MT at least) and because texans are such a proud bunch of beer drinkers. I'm close to downtown. Great new pizza and wine bar nearby that also does flights of beer...
  19. MonTexan

    New to real estate, recommendations?

    REAL ESTATE 
    Spending 100 hours reading old posts within the real estate threads on this forum would be a great place to start. Tons of information here....
  20. MonTexan

    Anyone from HOUSTON here?

    OFF-TOPIC 
    I'm in for the 26th. How about meeting at Cedar Creek? Good food, drinks, and people. Also pretty close to downtown.
Top