Got 15k to start, don't know where to start

[Kalelv45]

I guys!! I'm have been joining this forum for a long time. I love this place so many inspiring stories. So many like minded people it is really a pleasure read and interact with all of you.

What I'm here to tell is the this: I have been working and making some money on the import / export business that is going pretty good. Right now I want to go to a new path (not abandoning the once I got).

I get aside 15.000$ and I have been wondering what to do with it (using it like pure capital).

What would you do with it if you had it your self?

My ideas right now are the following:

- Writing and use some of the money for marketing
- Entering the Audio Books market
- Investing
- Build some kind of subscription base site
- Buy stuff (a lower price) and resell it
- Renting my two houses and just live on the 15k trying to add some $ every month from the two rent
- Creating some how a tennis school / academy
- Betting?!?!?!?

Tell me your opinion and your ideas I will really appreciated it!

 

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[Lathan]

Read @G_Alexander's thread on living rent free

 

[DST]

What I'm here to tell is the this: I have been working and making some money on the import / export business that is going pretty good. Right now I want to go to a new path (not abandoning the once I got).

How about expanding and scaling up your business thats been going good? More products, bigger storage, hire employees. Don't see why you'd want to go into something new if this is going well

 

[Dwight Schrute]

What would you do with it if you had it your self?

1. Build a time machine
2. Travel back in time and buy Microsoft stocks and found a band called AC/DC

 

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[scratchdisk]

I thought of doing something active sounds nice. I would combined the rent your houses and do a tennis academy ideas maybe the tennis academy can have an online (video course?) as well as offline (group lessons?) components over time.

 

[Gerome Soriano]

Go buy INSIDERS would be your best bet I guess haven't been there tho

But I heard there are more action takers and less SL stuff there

 

[JasonR]

What I'm here to tell is the this: I have been working and making some money on the import / export business that is going pretty good. Right now I want to go to a new path (not abandoning the once I got).

If you are doing well in the import/export business, what makes you want to look for something ELSE to do?

You need to FOCUS.

If it's one thing I've learned from very successful people, is not only did they have monumental drive, but they had a LASER focus on ONE thing.

To me, it sounds like you are looking for a shortcut to wealth. There is no shortcut.

Laser focus is one of the keys to monumental success.

 

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[db7903915]

If you are doing well in the import/export business, what makes you want to look for something ELSE to do?

You need to FOCUS.

If it's one thing I've learned from very successful people, is not only did they have monumental drive, but they had a LASER focus on ONE thing.

To me, it sounds like you are looking for a shortcut to wealth. There is no shortcut.

Laser focus is one of the keys to monumental success.

Does this apply to things outside business? I've been making good progress as a musician for the past few years, but it's not a very lucrative career until I commit to it fully. And I'm not sure I want to. I've wanted to start a business every since I was a kid. Do you think I should pursue being a musician until I'm able to support myself (estimated 6-12 months), or go full in with business and keep music a hobby?

 

[JasonR]

Does this apply to things outside business? I've been making good progress as a musician for the past few years, but it's not a very lucrative career until I commit to it fully. And I'm not sure I want to. I've wanted to start a business every since I was a kid. Do you think I should pursue being a musician until I'm able to support myself (estimated 6-12 months), or go full in with business and keep music a hobby?

I don't want to derail the original poster's thread - but I can't make your life decisions for you. If you make a new thread on this topic and describe your situation in detail, I'm happy to reply.

 

[Bellini]

What would you do with it if you had it your self?

My ideas right now are the following:

- Writing and use some of the money for marketing
- Entering the Audio Books market
- Investing
- Build some kind of subscription base site
- Buy stuff (a lower price) and resell it
- Renting my two houses and just live on the 15k trying to add some $ every month from the two rent
- Creating some how a tennis school / academy
- Betting?!?!?!?

Tell me your opinion and your ideas I will really appreciated it!

I second the motion about FOCUS. Sounds like you are trying to put your eggs in too many baskets.

Also, I would be cautious about asking random people about were to put 15k of your hard-earned money. Some con-artist will surely pop up telling you to invest it in some great idea of his or some investment opportunity, and you'll wind up losing all of it.

Put it where your heart is. In other words, what you care the most about. Remember the Fastlane principles of meeting a need, and all the CENTS factors. The business idea that has those might be the one to go with. Otherwise you won't be on the Fastlane at all.

Look at your list again and ask yourself which one of those is a Fastlane business....if any.



P.S. Have you read MJ's book "The Millionaire Fastlane "? I don't see a banner on your profile pic so I'm assuming maybe you haven't. If you haven't read it yet, get a copy and read it as soon as you can. Most of us here have read it. The forum and the book are connected.

 

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[cpaballin]

I second the motion about FOCUS. Sounds like you are trying to put your eggs in too many baskets.

Also, I would be cautious about asking random people about were to put 15k of your hard-earned money. Some con-artist will surely pop up telling you to invest it in some great idea of his or some investment opportunity, and you'll wind up losing all of it.

Put it where your heart is. In other words, what you care the most about. Remember the Fastlane principles of meeting a need, and all the CENTS factors. The business idea that has those might be the one to go with. Otherwise you won't be on the Fastlane at all.

Look at your list again and ask yourself which one of those is a Fastlane business....if any.



P.S. Have you read MJ's book "The Millionaire Fastlane "? I don't see a banner on your profile pic so I'm assuming maybe you haven't. If you haven't read it yet, get a copy and read it as soon as you can. Most of us here have read it. The forum and the book are connected.

aspkin and mj would be great friends

 

[Ubermensch]

You need a $ales personal trainer.

There aren't many of them out there, but if you find a good one, a sales personal trainer will take a one-time fee (or perhaps recurring) and start working on your wallet in the same way a personal trainer helps you enhance your body.

A sales personal trainer doesn't waste your time with vagueness and things that don't work. You'll learn what to sell, how to sell it, and who to sell it to. If you're selling the right service - electricity and natural gas are too good examples - then you get residuals for the life of the contract(s) that you sign. In other words, you get paid $1,000, $10,000, $25,000 per month... whether you go to work or not. Sounds pretty fast lane to me, and sales personal trainers can hook you up with those kind of situations. The best thing about this is that if you're working B2B sales, then you can probably do this work over the phone, which means you can do it from anywhere in the world.