User Power
Value/Post Ratio
511%
- Jan 3, 2019
- 81
- 414
Hi, friends.
Long time without entering here, I have been advancing.
I summarize my story in case this can help someone.
1. The beginnings
I was working as a financial consultant. As a hobby, I had an investment blog, and a private banker called me to create our own investment fund.
The plan was very ambitious, so my desire and passion made me quit my job to start the project.
This was a basic mistake, you cannot, no matter how good it sounds and how much you like it, launch yourself into a business until you have a sufficient base, much less with a stranger.
2. The fall
The reality was much worse than the plan he had told me about. Much less capital to manage what meant an extremely low salary.
This made my situation dramatically worse. My income plummeted until I had financial problems since I had some debts. This led me to a situation wherein my life I thought that it would never come, not even that it could exist. How your life can change in months. My mood suffered for a few months last year.
3. The rebirth
As I read one day: "when you are in the bottom you have no other way than up."
I started looking for a better job. And I went through a process at a large consulting firm. But the COVID situation has delayed my incorporation.
Locked up at home in quarantine I had no choice but to create something. I had an old idea of creating a technical book of certain subjects that interested me and I had been studying for several years.
Finally, I had no choice but to do it, I needed this to work.
I did the best I could and then, looking for how to promote it, I saw on Twitter there were people who advertised their courses and posted them on Gumroad. Something absolutely unknown to me.
After growing nothing in two weeks, I bought one of those guides on how to grow a Twitter account, created by a guy who had 150k followers. I was very skeptical about it, but I had to try.
I created an account, I put my course on Gumroad and I started studying how to grow my account. I even signed up to a creators platform oriented to "productize" you and scale your online businesses.
Surprisingly, it started working almost immediately. Followers went from 150 to 500, then to 1,000, ... until today I have 7,000. In 3 months.
And most importantly, my course was starting to sell, in addition to the Twitter guide that I started selling as an affiliate.
March $ 100, April $ 500, May $ 2,000. This June I have $ 1,300 until today, day 15th
I'm very surprised, we are much closer than we think to create a successful business. The Internet has made it possible to do it fast if we work well. Fast, not easy.
I remember when I read @G_Alexander in the brutal thread GOLD! - 24 Years old: QUIT six-figure Job, Launched two Businesses he said he had achieved in months an income of $ 1k per month, which together with his savings and investments had allowed him to leave his job. It seemed exceptional to me to get $ 1k in months. A good base to grow. And I was able to do it.
Additionally, in the quarantine, I have been able to buy my apartment from my landlord. As my relationship with him is good, he has deducted the rents paid and left me it at an extremely low price. The apartment was valued by the appraiser 3 times the purchase price. It is a small apartment in the center of a big city. I have a small mortgage to pay each month of less than $ 300.
4. The future
My goal is freedom and being able to dedicate myself 100% to my business, in fact, I already have advanced in 2 more courses.
But I'm thinking about how to do it.
Option 1:
On the one hand, I think that I should continue working in the fund since it increases my income.
And eventually, when I can join the consultancy firm that I went through the process, take it. There is even another job, in a bank, where a friend can put me.
This would allow me to save more money, pay my mortgage in 2-3 years, and be debt-free.
Option 2:
The other option is to dedicate me to my business 100%, leaving my job at the fund. The biggest risk is that the bank asks me to deposit $ 900 a month to maintain the mortgage conditions.
I would rent it since I want and I can live in my hometown, in the countryside, where my family has 2 houses and my grandmother is very old and she is alone, and I would take advantage to take care of her. I also love being there in nature and it is an ideal environment to work in my online businesses.
I could rent my apartment for $ 1k and I would also have the income from the courses that the idea is to increase. With what seems complicated that I do not reach the $ 900 a month that the bank asks for income.
But of course, having this mortgage paid would give more peace of mind.
A friend who is on YouTube and has a channel that already has 20k followers told me that I should take this option. That there always is scary, but that I have enough security.
Another option would be to sell the apartment and invest the money in dividend stocks, which would give me an income of about $ 1.2k a month, without debt. I really like stocks, for diversification and I understand them and I can analyze them since I dedicate myself to this. But perhaps it is to think very small, of having to sell a house that I like and that is bought very cheaply. And having to pay a lot of profit taxes. I think a good portfolio must be made up of stocks and real estate, and this apartment is in one of the best areas of the city.
How do you see it, what would you do?
Lessons
I want to thank @MJ DeMarco None of this would have been possible without him.
FLM changed my life, I became obsessed with it, I reread it a thousand times, I recommend it continuously and I keep it in mind every day.
And this is only the beginning.
Greetings.
Long time without entering here, I have been advancing.
I summarize my story in case this can help someone.
1. The beginnings
I was working as a financial consultant. As a hobby, I had an investment blog, and a private banker called me to create our own investment fund.
The plan was very ambitious, so my desire and passion made me quit my job to start the project.
This was a basic mistake, you cannot, no matter how good it sounds and how much you like it, launch yourself into a business until you have a sufficient base, much less with a stranger.
2. The fall
The reality was much worse than the plan he had told me about. Much less capital to manage what meant an extremely low salary.
This made my situation dramatically worse. My income plummeted until I had financial problems since I had some debts. This led me to a situation wherein my life I thought that it would never come, not even that it could exist. How your life can change in months. My mood suffered for a few months last year.
3. The rebirth
As I read one day: "when you are in the bottom you have no other way than up."
I started looking for a better job. And I went through a process at a large consulting firm. But the COVID situation has delayed my incorporation.
Locked up at home in quarantine I had no choice but to create something. I had an old idea of creating a technical book of certain subjects that interested me and I had been studying for several years.
Finally, I had no choice but to do it, I needed this to work.
I did the best I could and then, looking for how to promote it, I saw on Twitter there were people who advertised their courses and posted them on Gumroad. Something absolutely unknown to me.
After growing nothing in two weeks, I bought one of those guides on how to grow a Twitter account, created by a guy who had 150k followers. I was very skeptical about it, but I had to try.
I created an account, I put my course on Gumroad and I started studying how to grow my account. I even signed up to a creators platform oriented to "productize" you and scale your online businesses.
Surprisingly, it started working almost immediately. Followers went from 150 to 500, then to 1,000, ... until today I have 7,000. In 3 months.
And most importantly, my course was starting to sell, in addition to the Twitter guide that I started selling as an affiliate.
March $ 100, April $ 500, May $ 2,000. This June I have $ 1,300 until today, day 15th
I'm very surprised, we are much closer than we think to create a successful business. The Internet has made it possible to do it fast if we work well. Fast, not easy.
I remember when I read @G_Alexander in the brutal thread GOLD! - 24 Years old: QUIT six-figure Job, Launched two Businesses he said he had achieved in months an income of $ 1k per month, which together with his savings and investments had allowed him to leave his job. It seemed exceptional to me to get $ 1k in months. A good base to grow. And I was able to do it.
Additionally, in the quarantine, I have been able to buy my apartment from my landlord. As my relationship with him is good, he has deducted the rents paid and left me it at an extremely low price. The apartment was valued by the appraiser 3 times the purchase price. It is a small apartment in the center of a big city. I have a small mortgage to pay each month of less than $ 300.
4. The future
My goal is freedom and being able to dedicate myself 100% to my business, in fact, I already have advanced in 2 more courses.
But I'm thinking about how to do it.
Option 1:
On the one hand, I think that I should continue working in the fund since it increases my income.
And eventually, when I can join the consultancy firm that I went through the process, take it. There is even another job, in a bank, where a friend can put me.
This would allow me to save more money, pay my mortgage in 2-3 years, and be debt-free.
Option 2:
The other option is to dedicate me to my business 100%, leaving my job at the fund. The biggest risk is that the bank asks me to deposit $ 900 a month to maintain the mortgage conditions.
I would rent it since I want and I can live in my hometown, in the countryside, where my family has 2 houses and my grandmother is very old and she is alone, and I would take advantage to take care of her. I also love being there in nature and it is an ideal environment to work in my online businesses.
I could rent my apartment for $ 1k and I would also have the income from the courses that the idea is to increase. With what seems complicated that I do not reach the $ 900 a month that the bank asks for income.
But of course, having this mortgage paid would give more peace of mind.
A friend who is on YouTube and has a channel that already has 20k followers told me that I should take this option. That there always is scary, but that I have enough security.
Another option would be to sell the apartment and invest the money in dividend stocks, which would give me an income of about $ 1.2k a month, without debt. I really like stocks, for diversification and I understand them and I can analyze them since I dedicate myself to this. But perhaps it is to think very small, of having to sell a house that I like and that is bought very cheaply. And having to pay a lot of profit taxes. I think a good portfolio must be made up of stocks and real estate, and this apartment is in one of the best areas of the city.
How do you see it, what would you do?
Lessons
- We are much closer than we think to create a business that we can live on
- The Internet has multiplied the possibilities and reduced the times of a successful business
- "Productize": Make a product or service from your experiences. Do you know how to play the guitar? Make a course. Do you work in finance? Make a manual. Do you like tennis? Make a course, classes, etc.
- Many times the best catalyst is to be in a bad situation when your only way out is to be successful. I had the idea of this course years ago and never did it until the need was real.
I want to thank @MJ DeMarco None of this would have been possible without him.
FLM changed my life, I became obsessed with it, I reread it a thousand times, I recommend it continuously and I keep it in mind every day.
And this is only the beginning.
Greetings.
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.
Last edited: