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

  • SPONSORED: GiganticWebsites.com: We Build Sites with THOUSANDS of Unique and Genuinely Useful Articles

    30% to 50% Fastlane-exclusive discounts on WordPress-powered websites with everything included: WordPress setup, design, keyword research, article creation and article publishing. Click HERE to claim.

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

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

Join over 90,000 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. GameOver

    Can I start a generic/umbrella LLC if I don’t know exactly what I want to focus on?

    Might not, just kicking ideas around at this point. Mainly to take advantage of some of the business credit card offers I have been receiving. Lots of them are do x within y months an we will give you $1,000, or travel value of $1,000, etc. Often you must have an LLC as a minimum...
  2. GameOver

    How do I avoid "free-riding" SEC violation if day trading?

    INVESTING 
    Thanks for the replies. I think the answer is, if I have at least $25k in my account and have margins enabled, I can mostly do whatever I want but I'll have to pay a fee for the use of that margin. If I don't have margin, then I have to pay attention to the 2 day settlement rule... I can buy...
  3. GameOver

    How do I avoid "free-riding" SEC violation if day trading?

    INVESTING 
    Here's a quick example of what I am getting at... say I have a brokerage account with $X dollars in it. I use all $X dollars on Monday to buy stock ABC. I sell it Monday afternoon for a hundred dollar profit. My understanding is that even though my brokerage account has all my money in it, I...
  4. GameOver

    How do I avoid "free-riding" SEC violation if day trading?

    INVESTING 
    If I remember correctly, when you buy and sell stocks there's a two day waiting period for the transaction to clear. So if that's the case, how do people day trade? Is there a way to note yourself as a day trader so that this rule does not apply? How do folks deal with it? Thanks!
  5. GameOver

    Can I start a generic/umbrella LLC if I don’t know exactly what I want to focus on?

    I just want to start trying a few things to see what I think of different markets, and to see what kind of sticks for me. I’d like some light legal entity coverage, and I’d like to have something I could point to to get a business credit card with a specific bank I already have a relationship...
  6. GameOver

    Fastlane Speed Bumps Discussion

    I really wanted to do that... my personal accounts are with a really great local credit union that doesn't do any business banking though. I've recently learned that there is a different credit union in my area that has ties to mine that offers business accounts. I am thinking I will give that...
  7. GameOver

    Fastlane Speed Bumps Discussion

    Maybe I didn't phrase that the way I should have. I was trying to say I did research and figured-out the general area I wanted to be in, and then I went and talked to potential customers about problems they needed solved and as a result came up with specifics. There is no question about what...
  8. GameOver

    Fastlane Speed Bumps Discussion

    So I've hit the ground running recently... did some research, decided what type of business in general I wanted to do, started talking to some potential customers and got some ideas, worked with my home state and started an LLC by myself, researched organizational papers and figured out what I'd...
  9. GameOver

    MJ Interview on Simple Programmer !

    MINDSET 
    I love the description that MJ gives of retirement in the video - that's what I want. It is interesting talking to friends and family about this topic... some of them literally cannot wrap their brains around the thought of retiring before 65. I think a lot of folks really do end up getting...
  10. GameOver

    For you passive rental folks, how do you handle all the debt risk?

    EXECUTION 
    Do you generate a contract or a requirements document or anything like that? I would assume so. Are the terms fairly negotiable or are things pretty much in the same zone throughout this industry? Asking because I have noticed at least a casual look seems to indicate they all want x percent...
  11. GameOver

    For you passive rental folks, how do you handle all the debt risk?

    EXECUTION 
    This is an excellent post; thank you for your reply. That's really interesting about the commercial loan. So you pay cash for an entire property outright, and then take a commercial loan out against it. What are you then doing with that money... are you using it to buy the next property...
  12. GameOver

    For you passive rental folks, how do you handle all the debt risk?

    EXECUTION 
    Thank you all for your replies. As some more background, I currently manage a $20 million/year business in the corporate world. I own my house outright and have no debt. I am confident I can manage just about anything (which also means I am smart enough to know when to hire someone to manage...
  13. GameOver

    For you passive rental folks, how do you handle all the debt risk?

    EXECUTION 
    Do either of you pay a property manager to handle everything for you? Why or why not? Thanks.
  14. GameOver

    For you passive rental folks, how do you handle all the debt risk?

    EXECUTION 
    I've looked into purchasing quadplexes and things like that with very little down, improving them, and then renting them out. This seems to be what most folks do to generate a passive income... I don't get the impression folks are putting a bunch down. So let's do a thought experiment on...
  15. GameOver

    I've Read UNSCRIPTED!

    GOLD! HOT! 
    Oh I just saw your coming soon note, disregard.
  16. GameOver

    I've Read UNSCRIPTED!

    GOLD! HOT! 
    @MJ DeMarco do you plan on doing an Audible release for this one as well? I really enjoyed hearing Fastlane in your own voice... I feel like I got more out of it that way. Hope you do.
  17. GameOver

    Mobile Game Progress Thread

    EXECUTION 
    I personally think you're on the right track... I think trying to get influential folks to tweet about it organically is a great idea. If you have some cash saved up you might even consider offering people some significant cash to essentially advertise for you. I also think you should draft up...
  18. GameOver

    Mobile Game Progress Thread

    EXECUTION 
    I suspected either Unity or GMS. Were you a programmer before? They say the average game sells about 30,000 units on the App Store or Steam.
  19. GameOver

    Source for an Industry's Avg. Valuation Multiplier (for Selling a Business)?

    EXECUTION 
    First, thank you @Greg Rutkowski my local university did in fact have that book. So from what I am seeing, it looks like for larger public corporations those businesses are evaluated based on their P/E, but for smaller non-public businesses it is often a multiple of EBITDA, or sometimes a...
  20. GameOver

    Mobile Game Progress Thread

    EXECUTION 
    Nice. You doing the code?
Top