- Joined
- Jan 18, 2018
- Messages
- 7
Rep Bank
$160
$160
User Power: 214%
Hi. I feel like it's appropriate to reintroduce myself after some years.
Here's my story:
Back in march 2019 when I was a young and enthusiastic 25 year old, I started my first business (perhaps calling it a side hustle is more accurate) while working at a large bank in my country (I still work there sadly). The business was simple yet very profitable but it violated at least three commandments of CENTS, deep down I kinda knew that the business was not gonna last. F*ck it, I'll just say it, my business was importing and selling minoxidil Kirkland on the internet lol.
That simple business gave me a little taste of what entrepreneurship was about. I started the business with 200 bucks and before I knew it I was placing $10.000 orders worth of product and that inventory would typically last only 2 to 3 weeks. I was killing it, some months I would be making 3 times my salary. Back then, I thought "hmm, It shouldn't be so hard to make a 10k profit a month business". My little business was making me between 2k and 3,5k a month, quite impressive for a side hustle especially in my country where the salaries suck.
I learned so many things. I had to learn copywriting (I really sucked), fb ads (really powerful IMO), negotiation (most of my sales were bulk sales to other resellers across the country) and a few other skills like time management and logistics.
The business died two years ago when Customs decided that my product needed special permits as it was considered a medicine rather than a cosmetic (I was importing it as a cosmetic all along lol). I lost two shipments worth$12k and the business was over. I tried everything to get Costco to provide me with documentation to register it according to law and get the permits needed but they just wouldn't do it.
I had no CONTROL, the business was never SCALABLE (customs would just take away my stuff) and it had LOW BARRIERS TO ENTRY (at some point it became a war price but I was okay with it cause I was playing the volume game).
Not only I lost a lot of money in that business but I was idiotic enough to "invest" in the stock market since August 2020. There went another 8k down the toilet and a few more years of wasted time and energy researching stocks and making bad investments. A few weeks ago I liquidated my whole portfolio cause I had enough.
Oh wait, there's more. Since I was making decent money with my "business" I got a $17k loan to buy a new car. I carried that debt for 3 and a half years and just recently paid it off cause I felt it was holding me back. I really hated that monthly payment.
I'm almost 30 now with only $15k in my bank account and a fully paid car. I have no business, lost 2 years of my life and I F*cking hate my job and would probably hate any other job). I'm trying to rebuild myself, the dream is not gone, I have to convince myself that it was just a detour and that I can still make it, but how? CENTS and stop action faking. I swear to god my I'm not ignoring the CENTS commandments ever again.
That's my life story. Hopefully in a few years, it will be a part of a beautiful fastlane story.
Here's my story:
Back in march 2019 when I was a young and enthusiastic 25 year old, I started my first business (perhaps calling it a side hustle is more accurate) while working at a large bank in my country (I still work there sadly). The business was simple yet very profitable but it violated at least three commandments of CENTS, deep down I kinda knew that the business was not gonna last. F*ck it, I'll just say it, my business was importing and selling minoxidil Kirkland on the internet lol.
That simple business gave me a little taste of what entrepreneurship was about. I started the business with 200 bucks and before I knew it I was placing $10.000 orders worth of product and that inventory would typically last only 2 to 3 weeks. I was killing it, some months I would be making 3 times my salary. Back then, I thought "hmm, It shouldn't be so hard to make a 10k profit a month business". My little business was making me between 2k and 3,5k a month, quite impressive for a side hustle especially in my country where the salaries suck.
I learned so many things. I had to learn copywriting (I really sucked), fb ads (really powerful IMO), negotiation (most of my sales were bulk sales to other resellers across the country) and a few other skills like time management and logistics.
The business died two years ago when Customs decided that my product needed special permits as it was considered a medicine rather than a cosmetic (I was importing it as a cosmetic all along lol). I lost two shipments worth$12k and the business was over. I tried everything to get Costco to provide me with documentation to register it according to law and get the permits needed but they just wouldn't do it.
I had no CONTROL, the business was never SCALABLE (customs would just take away my stuff) and it had LOW BARRIERS TO ENTRY (at some point it became a war price but I was okay with it cause I was playing the volume game).
Not only I lost a lot of money in that business but I was idiotic enough to "invest" in the stock market since August 2020. There went another 8k down the toilet and a few more years of wasted time and energy researching stocks and making bad investments. A few weeks ago I liquidated my whole portfolio cause I had enough.
Oh wait, there's more. Since I was making decent money with my "business" I got a $17k loan to buy a new car. I carried that debt for 3 and a half years and just recently paid it off cause I felt it was holding me back. I really hated that monthly payment.
I'm almost 30 now with only $15k in my bank account and a fully paid car. I have no business, lost 2 years of my life and I F*cking hate my job and would probably hate any other job). I'm trying to rebuild myself, the dream is not gone, I have to convince myself that it was just a detour and that I can still make it, but how? CENTS and stop action faking. I swear to god my I'm not ignoring the CENTS commandments ever again.
That's my life story. Hopefully in a few years, it will be a part of a beautiful fastlane story.
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. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
.
