I would like to know opinions about my situation
I started reading about online entrepreneurship when I was about 16 years old and now I am 28, during all that time I have had some businesses that did very well and others (most of them) in which I lost money and did not enjoy anything.
My motive for entrepreneurship was always more to achieve financial freedom, than to have a big business or change the world... so partly it was just about money.
On the other hand I have to admit that one of the things I find the worst about being an entrepreneur is managing and dealing with employees or freelancers (even if I have been doing it for a long time... I really don't enjoy it).
I could say that as Robert Kyosaki's book says, I see myself more as an investor than as a business owner (my money working for me)... and maybe as a self-employed (more like a youtuber or streamer and earn with ads or affiliate products) but in this case it would be more of a hobby and not so much with the purpose of earning money.
On the other hand my financial goal that would be very high ..... have a net worth of 30 million dollars to be able to get a 4% per year.
The two business models I am in right now are :
1) Self - Publishing : I have around 5 years of experience with multiple exits and was my best business model but is a little limited, I mean the maximum that i can expect is around $50.000 per month with an exit around $3.000.000 quite far from the 30 million goal but enough to earn a good monthly income.
2) Mobile apps : This business model can generate about 7 figures per year and an exit of 8 figures... and in a way it is very related to the niche of my books but I am not so confident because my experience with mobile apps was not entirely positive.
In case my mobile app business doesn't work out I would dedicate myself 100% to my self-publishing business but my question is
What kind of investments, even assuming more risk, could give me a return higher than the 10% average that an index fund can give and that in time would allow me to reach 30 million?
Some things would be :
- Cryptocurrencies
- Pre-IPO : I find this type of investments very interesting, especially if they are in areas that I think they can work... on the other hand I think you need to be an accredited investor to buy these stocks (even if they are as risky as cryptocurrencies).
I started reading about online entrepreneurship when I was about 16 years old and now I am 28, during all that time I have had some businesses that did very well and others (most of them) in which I lost money and did not enjoy anything.
My motive for entrepreneurship was always more to achieve financial freedom, than to have a big business or change the world... so partly it was just about money.
On the other hand I have to admit that one of the things I find the worst about being an entrepreneur is managing and dealing with employees or freelancers (even if I have been doing it for a long time... I really don't enjoy it).
I could say that as Robert Kyosaki's book says, I see myself more as an investor than as a business owner (my money working for me)... and maybe as a self-employed (more like a youtuber or streamer and earn with ads or affiliate products) but in this case it would be more of a hobby and not so much with the purpose of earning money.
On the other hand my financial goal that would be very high ..... have a net worth of 30 million dollars to be able to get a 4% per year.
The two business models I am in right now are :
1) Self - Publishing : I have around 5 years of experience with multiple exits and was my best business model but is a little limited, I mean the maximum that i can expect is around $50.000 per month with an exit around $3.000.000 quite far from the 30 million goal but enough to earn a good monthly income.
2) Mobile apps : This business model can generate about 7 figures per year and an exit of 8 figures... and in a way it is very related to the niche of my books but I am not so confident because my experience with mobile apps was not entirely positive.
In case my mobile app business doesn't work out I would dedicate myself 100% to my self-publishing business but my question is
What kind of investments, even assuming more risk, could give me a return higher than the 10% average that an index fund can give and that in time would allow me to reach 30 million?
Some things would be :
- Cryptocurrencies
- Pre-IPO : I find this type of investments very interesting, especially if they are in areas that I think they can work... on the other hand I think you need to be an accredited investor to buy these stocks (even if they are as risky as cryptocurrencies).
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?
