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Search results

  1. JoelM

    #DeleteFacebook

    SOCIAL MEDIA OFF-TOPIC 
    I have found FB to be quite useful to me. I only check it two or three times a day for a few minutes total. I have joined groups where people have similar businesses and goals that provide useful information.
  2. JoelM

    Selling a Course: Monthly Payments VS One Big Payment

    If your content is updated frequently, do monthly. If the course is good for a year or longer, do one time payment. However, I am more reluctant to make a one time big payment than just small monthly payments.
  3. JoelM

    50K cash right now to invest. What to do?

    INVESTING HOT! 
    I have a couple of ideas but I cannot tell specifically what you should invest in. I would not invest in passive income (real estate, mutual funds, etc.) Invest in something where you can scale and reinvest your profits back into the business.
  4. JoelM

    How do we prepare for the coming financial crash?

    HOT! 
    Too many “gurus” are now predicting the crash but they did not see the one in 2008. The only ones bettting against it have been beats for years if not decades. I think it mostly affects people who depend on the stock market and have the financial advisors running their businesses for them.
  5. JoelM

    Financing Business

    I started financing my business with money I had saved and a loan from my retirement account. The loan is at a 2.75%, which is pretty good compared to personal loans (8-9%) offered by the bank. My business relies on trade of goods so I needed about 45-50k total to invest. So, for those of you...
  6. JoelM

    Feel free to rip this idea to shreds if you think it sucks.

    IDEA 
    I don't know the market for this article or if there are products out there but I can tell some professions require people to roll up their sleeves on occasions. For example, in the military this is the standard at many duty stations. Maybe target a particular profession or uniform that has...
  7. JoelM

    I'm 22 and trying to answer a very important question

    INTRO 
    Didn’t you know that if you sign up to join the fastlane forum that makes you entrepreneur? Lol
  8. JoelM

    By the 2019 Summit, I will accomplish [blank]...

    EXECUTION 
    Scale to 10 assets. I will have made over $300k Have the assets capable of making $500k in half a year. Lose 10 pounds Create the website for the future scale
  9. JoelM

    My FTE is here! ...Do I take the money and run?

    FTE 
    It sounds like your wife hasn't bought it yet. I'm in a similar situation and I have worked something out with my wife. We have a timeline and goal to meet before taking that step.
  10. JoelM

    What would you do if you had 10k and no business idea yet

    HOT! IDEA 
    That’s just me. First, I would not invest in something I don’t know. I don’t care about learning investment in its bubble market. I remember when I was excited about trading penny stocks. Crypto currency seems pretty much of the same. One day you can lose 30% or more. Is like trading a triple...
  11. JoelM

    What would you do if you had 10k and no business idea yet

    HOT! IDEA 
    Every time I hear someone mentioning crypto currency a red flag comes to mind. Some people believe that traveling the world is a good investment. Not me. I would not even think about the stock market. Keep saving it and get educated. The opportunity will come. And that’s what I have don’t in the...
  12. JoelM

    Learn from other people's success and failures.

    Those questions are part of your market research. Have you done any? Just dig deeper into your idea and maybe you will find something suitable.
  13. JoelM

    Fell into the Video Game Trap

    HOT! 
    I have uninstalled various games before because they were sucking the life out of me. I had to face my demons and the problem is not that they are installed in the PC. The problem was that I did not have anything better to do or no real purpose for my future. Now I am playing the game of life...
  14. JoelM

    And what exactly is wrong with Passion?

    Would you enjoy the customer experience of someone who wants to buy a car below market price from your profit margins?
  15. JoelM

    Family and friends can open doors

    EXECUTION 
    This is part of my process: After deciding to make my move for the fastlane, I told my family several weeks ago of my plans to quit my job and use my savings for a business idea I was putting together. My mom received the idea with skepticism at first, but then she was supportive. My wife on...
  16. JoelM

    Where do you trade stocks

    INVESTING 
    Stock market is no more risky than real estate or other investments. You could lose thousands in a real estate deal once you make the transaction, but you cannot liquidate that asset quickly. I did stock market once and lost thousands. I don’t do it right now because, if I get in, it would be...
  17. JoelM

    Where do you trade stocks

    INVESTING 
    That’s pretty much it.
  18. JoelM

    ESL Teacher trying to shift gears

    INTRO 
    Yeah. I love the cost of leaving in Asia. But the potential for an exponential growth is the best. I hope you succeed.
  19. JoelM

    Changing from 9 to 5

    INTRO 
    Thanks MJ. I just got unscripted yesterday and already started reading it.
  20. JoelM

    ESL Teacher trying to shift gears

    INTRO 
    Greetings, ESL teachers are in high demand in certain developing countries. The pay is good but the only problem is time. How about spending a year in these countries, building your brand and expanding customers via the web? Maybe building a network of in-person or virtual translators that...
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