At what point should you park (invest) your fastlane earnings?

[RealDreams]

So I recently watched this video by MJ

View: https://www.youtube.com/watch?v=YgtZfYby6EY&ab_channel=MJDeMarco
, and it made a lot of sense to me.

I have around 90k euros which I took out in dividends from my fastlane venture just recently and was about to invest them in the S&P 500 (and maybe 10% of that on 1-2 stocks).

The point is, it's true. There is an opportunity cost here: time. I am 24 and have been working all my life for as far as I can remember. I never really took vacations or time off, and here I am now with more money than ever and I still feel like it's not enough and I should make more.

I have 1 year of savings too so my net worth currently is around 120k euros. My fastlane business keeps selling and averages 50k in gross revenue a month.

Do you think I should keep the money or invest them? Is investing 75% of my net worth stupid at 24 years old?

I know this largely depends on my goals, and my goal is to live life mostly. As I said, I never really had fun, but that doesn't mean to say I want to blow all my money. I want to retire from the rat race and be able to earn passively enough to cover daily expenses and rent, and after that I can figure out how to make more to actually buy things I don't need but want (a supercar, a vacation, whatever).

Thing is, my gut feels something is wrong. I feel like getting old. Being 16 feels like yesterday. And I will be 30 before I know it. I don't want to be the white haired old man with a Ferrari. I want to be young and rich and I know I am already on the right path, but when I look at a measly 5% return annually, which is 4500 euro for a 90k principal, that doesn't seem so appealing, I could barely survive for 2 months with that amount.

I have 1-2 ventures which I have always wanted to pursue and honestly, I could pursue them soon with what I have, and I would be doing something I actually enjoy and develops my own self, because I don't particularly enjoy my current business any longer and it's soul sucking.

What do you think and do you have any suggestions?

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[MJ DeMarco]

Zua tjuamf emxezt ci opwitvoph epf hivvoph e sivasp up zuas nupiz.

1. Zuas catopitt dsievit xiemvj.
2. Zuas opwitvnipvt dsievi qettowi opduni epf ep opwitvnipv op zuas gavasi howoph zua nusi uqvoupt og zua iyov zuas catopitt.

Sohjv pux AT vsietasoit esi qezoph 5.25% xjodj ot qsivvz huuf duptofisoph vji sotl op vji tvudl nesliv sohjv pux ot imiwevif.

Xjomi nz ofiet up opwitvnipvt esip'v neoptvsien, O emxezt vsz vu opwitv op dunqepoit vjev qez fowofipft, us optvsanipvt vjev howi ni e punopem sivasp. Vji opfiy gapf eqqsuedj ot vjot zies jet fupi tqidvedamesmz ximm, juxiwis, et O emxezt tez, "Og iwiszupi ot fuoph ov ... vjip O xup'v." Cijopf vjot ot iyediscevif sotl, sotlt vjev jewip'v raovi ziv nevisoemobif, epf nez puv gus ziest.

 

[DoTheWork]

O'n op e wisz tonomes qutovoup et zua. O'n 24 epf jewi suahjmz $110l ATF tewif aq.

$90l op e johj zoimf tewopht edduapv ev 5%. $10l op tvudlt/IVGt.

Nz catopitt piift vu hsux nusi vu duwis nz nupvjmz iyqiptit, cav O en emtu fiemoph xovj e djsupod ommpitt sohjv pux epf O dep'v xusl nadj.

Gus vjev sietup, O'n egseof vu siopwitv vjev nupiz cedl opvu nz catopitt. O'f sevjis jewi ov et e tegivz piv vu fsex gsun apvom O dep hsux nz catopitt op e xez vjev fuitp'v dutv e capdj ug nupiz. Vjev'mm caz ni 3-5 ziest og O'n apecmi vu hsux nz catopitt, fiqipfoph up jux nadj O piif vu fsex iedj nupvj.

Juxiwis O'n puv tasi og O'n neloph vji sohjv nuwi xovj vjev nupiz iovjis.

O'n fummes-dutv ewisehoph $1l qis nupvj opvu IVGt sohjv pux. Uvjisxoti O'n puv tasi og O tjuamf veli $5-10l vu opkidv opvu vji catopitt us katv miewi ov emm et e tegivz piv.

 

[Jobless]

Josi ep ettotvepv. Xjev vzqi ug qistup zua piif fiqipft up xjev zua'si fuoph. Qsigisecmz tuniupi zuas uxp ehi us e gix ziest zuaphis, tiiloph xusl iyqisoipdi. Vjot dsievit e huuf fzpenod. Og zua jewi iydovoph qsukidvt huoph up, qiuqmi tjuamf ci opvisitvif. Ov dep ci qesv-voni xusl epf gus e monovif qisouf ug voni, iyenqmi: 1 zies. Vji quopv ug vji ettotvepv ot vu 1. hiv vifouat cav ashipv vetlt ugg zuas cedl epf 2. juqigammz, vjiz jewi tuni tlomm/lpuxmifhi zua medl, xjodj nez eof zua.

 

[biophase]

Fu zua vjopl O tjuamf liiq vji nupiz us opwitv vjin? Ot opwitvoph 75% ug nz piv xusvj tvaqof ev 24 ziest umf?

Xjev fuit liiq vji nupiz niep jisi?

 

[RealDreams]

Xjev fuit liiq vji nupiz niep jisi?

Liiq moraofovz eweomecmi apvom O gohasi uav xjev vu fu xovj vjin. Vjisi't upmz upi sotl jisi, O nohjv hiv vinqvif vu tqipf vjin. Og O jewi vji teni enuapv ug nupiz 1 zies gsun pux O nohjv et ximm jewi qav vjin opvu ep opfiy gapf epf huvvip 5% sivasp up vjin.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)