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  1. Camaro68

    2 rental properties and counting.

    How is it possible to build an apartment on $1200?!? I dont think I can build a garden shed for 1200. And I dont believe it is due to savings by not needing insulation...I've build 3 houses from scratch myself and all build very low compared to avg cost per sq ft and insulation was probably my...
  2. Camaro68

    Is opening a Coffee Shop a good idea ?

    HOT! IDEA 
    Anyone have thoughts about coffee shops being a "fad" or trend to get the best cup similar to the current craft beer trend? Granted coffee shops have been around for quite a while longer than craft beer fad, but just saying. I have a friend who works for what I call a mid level craft beer...
  3. Camaro68

    Is opening a Coffee Shop a good idea ?

    HOT! IDEA 
    I dont want to discourage you from your dream, so take these comments with a grain of salt. I think it would be very difficult to distinguish yourself from the hundreds of other competitors. When I think of opening a coffee shop, I think of, how will I beat the other guy. Two main methods come...
  4. Camaro68

    Should I buy a 20 year old appliance repair business?

    HOT! 
    I would bootstrap it man. Go on Facebook and find local pages (for instance my hometown, smaller than yours, has a page that locals share tips on or recommendations) post on the page offering services. Make sure your personal FB page is clean and professional, no drunk pictures, think like a...
  5. Camaro68

    Should I buy a 20 year old appliance repair business?

    HOT! 
    Guy is asking $200K and you say it's worth around half that, so $100k. If this guy retires and his business slows, answer me this. If you take that $100k and invest it into your own business via marketing, new technology, space etc. What are the odds that you'll take all his business or...
  6. Camaro68

    How did YOU find "Fastlane"?

    HOT! 
    I found MFL randomly searching for business ideas, Google brought me here and I never left. Here's whats comical to me. Goodwill in our area used to offer 10 books for $1.99, that's right .20 a book on certain days. I would go there on those days and buy piles of books and read them all...
  7. Camaro68

    Grant Cardone "Buying a House is for Suckers"

    EXECUTION 
    I think a major issue with homeownership for most folks (besides the mental aspects of security) is the idea of LEVERAGE. With 20% (or sometimes less) people can "own" an "asset" that is worth more than they paid. Flawed thinking or not, the majority of the population is financially...
  8. Camaro68

    How To Value a Business?

    INVESTING 
    I would never buy a business unless you know it inside and out, I mean really eat breathe and sleep it. Also I would never buy one unless there was something you could identify that you could do better for growth. Is there something that they are doing you could change and cut costs immediately...
  9. Camaro68

    Flipping cars, appliances, and other assets.

    NOTABLE! SIDE HUSTLE 
    I'll also add (not recommend) that if you license the car in your name it cuts down on profits substantially. You need to know your state laws. Keep in mind I was a hungry college kid at the time, and wasn't afraid to skirt the "grey areas". I would buy a car and not sign the title, most people...
  10. Camaro68

    Flipping cars, appliances, and other assets.

    NOTABLE! SIDE HUSTLE 
    As someone who paid for a substantial amount of his college tuition "flipping cars" here are my suggestions. Take them for what they are. I went to school in a smaller rural community, public state college. There was a huge metro city about an hour from me. I would cruise CL day and night...
  11. Camaro68

    Financial management service for busy professionals

    Sure that makes a little more sense, I guess this is where I struggle, I attribute my own ambition to a market, I often find myself saying, why would people pay to do something they could do themselves very quickly and very easily. If I owned an Ap that was developed to service small business...
  12. Camaro68

    Financial management service for busy professionals

    I don't understand what your business is. "we come in and set up your banking, accounting, and mileage apps and automate it as much as possible. We monitor the accounting either monthly or quarterly and depending on the service level also handle taxes." Will I be using YOUR banking,accounting...
  13. Camaro68

    Spot BS: Post your favorite MLM pitch...

    EXECUTION GOLD! 
    This made me laugh, its so true! In college I had a roommate who was a deadbeat. He did terrible in school, never had his share of the rent in time and had gotten his high school GF prego at graduation so had a kid that he dumped on his mom during "his weekends". I remember he used to get the...
  14. Camaro68

    Help with passive income once rich and busy?

    INVESTING 
    I would second the index fund if you want a hands off, set and forget way to grow the extra capital. Reinvest dividends and send all your money there to be invested in the index. You've stated that your energy is best put into making more money. That means you don't have the time to eat...
  15. Camaro68

    31yr old, Nearing $1MM, just getting started on the Journey

    EXECUTION 
    UPDATE: Continuing to read as much as I can on the forum. There is a steep learning curve for me in the tech world in regard to online marketing, social media and ecommerce, but I love what I'm learning. I organize everything by writing it down and bookmarking sites or threads for easy...
  16. Camaro68

    31yr old, Nearing $1MM, just getting started on the Journey

    EXECUTION 
    I wanted to comment on one other thing I thought of today. This is regarding the aforementioned folks we all know who have resigned to their lot in life, my friends and even family included. This is it for them, they think. They have reached their potential. When I look at CEO's of several...
  17. Camaro68

    31yr old, Nearing $1MM, just getting started on the Journey

    EXECUTION 
    HAHAHAHAAH fair Exalted! When I wrote that it was pretty early in the morning. .20 a book is still dirt cheap, the point is it is basically free education (cheaper than one late fee at a library) and it's sitting there. I stocked an entire bookcase of reference material after reading it all. I...
  18. Camaro68

    31yr old, Nearing $1MM, just getting started on the Journey

    EXECUTION 
    I know exactly what you mean! They look at your like you're crazy or speaking another language. You actually cant even convey your thoughts/idea/views/goals because they are so far behind on anything other than the latest sports happenings, town gossip or happenings at "the plant" that they cant...
  19. Camaro68

    31yr old, Nearing $1MM, just getting started on the Journey

    EXECUTION 
    Thanks MJ, this is 100% true! You are the company you keep....like I said it's refreshing to have a place to read/discuss/network with like-minded individuals. It's really a breath of fresh air. I like the quote, "I’d rather be a hungry lion in the wild, than a well fed lion in a cage.” We're...
  20. Camaro68

    Hello from MN/WI

    INTRO 
    Just starting out here, here is a link to my introduction in the progress section. Progress Thread - 31yr old, Nearing $1MM, just getting started on the Journey
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