Has anyone here successfully "funded" their ideal lifestyle?

[startuprob]

It's a topic that had consumed me for a really long time and, in my personal experience, it's never as easy as the books make it seem.

I'm really curious to know if anyone here has successfully done it. (similar to the four hour workweek, smart passive income, etc.)

I've funded mine, but I took a very different route than those books talk about.

 

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[RogueInnovation]

Yeah, I do a 4 hour work week, and do my startup stuff.
I play it with bumpers though (like in bowling) because some months I hit a gutter ball etc.
I use high leverage (high paying for my time). And make sure to find the best places in the cities I live in and usually find an awesome deal.
The bumpers I mentioned, is I provide free services to a few different places on the provision that they lend or pay me cash when needed (its a more casual arrangement, because a more structured deal makes the relationship more finicky when I need it stable).

I have three income streams, so that if certain ones go down I can go to other things that have a similar set up.
I can live anywhere and have my time to work on things and have done this for several years whilst workin on biz.

Its NOWHERE near as hard as people make it sound. They make it sound mythical.
In my experience it is underwhelming. It is better than working a 9-5 though.
Just lower your overhead and focus on high returns.

Its just business on super super super low. I know we all think that being lazy sounds great, but tbh, I can't be lazy with it, I actually utilise the strategy to master patience, discipline and so on.

You eventually grow too big for it though I feel. Why just work 4 hours every week, when you can work a couple weeks a year/quarter and spend the rest of your time assessing things and doing more enjoyable biz stuff? I find that PUNCHIER strategy more satisfying than the flea biting at your #ss strategy of a set amount of hours a week.
Getting better at biz mindsets is what REALLY calms the anxiety, that and facing your fears. Once you feel the wind at your back, boy does that feel like, an oasis in the desert.

60-120 dollar an hour, about 10-16 hours a month
most people have too high of overheads for that, but when I go to more expensive cities I use arbitrage and currencies to my advantage.
So really I'm flexible for countries and expenses, and just don't spend stupidly like most people do.
(shrugs)

My mentor used to say to me "you live the millionaire lifestyle already", and I was like "what are you talking about", because even though he travels light and does a lot of stuff similar to me, there is a mental gap that is really important to fix before you lose that poor me mindset.
I'm interested really to hear what others say, because whilst I can sustain lifestyles etc, I haven't optimised to what absolutely makes me most satisfied, and thats what I look for.

 

[cautiouscapy]

Getting better at biz mindsets is what REALLY calms the anxiety

If you care to share, I'd LOVE some hints, author names, websites and podcast titles on this one please...it's an area in which I've recently been wondering how to up my game - apart from listening to these podcasts:

http://www.entrepreneuronfire.com/
http://www.smartpassiveincome.com/

 

[startuprob]

Thanks for the feedback. Psychological barriers really were part of my problem when I started up as well. Once you're able to think in the right way about things, everything else seems to come so much easier.

@cautiouscapy - I recommend checking out some of the stuff that Ramit Sethi (iwillteachyoutoberich.com) says about psychological barriers. (I think he calls them something else like "inner scripts" or something)

 

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[Leo Hendrix]

So RogueInnovation...just curious...are you a Millionaire or have you been?

 

[SteveO]

I certainly have through real estate investments. I had to step it up through the downturn but my apartments definitely fund a decent lifestyle.

 

[nikiobicata]

So RogueInnovation...just curious...are you a Millionaire or have you been?

YES! He is a millionaire and spending time in the Fastlane Forum from his private villa on some island in Pacific Ocean!

Sarcasm

 

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[CarrieW]

YES! He is a millionaire and spending time in the Fastlane Forum from his private villa on some island in Pacific Ocean!

Sarcasm

dude there are people here doing that... idk if that's what rouge is doing but Id watch the sarcasm until you been here longer

 

[nikiobicata]

dude there are people here doing that... idk if that's what rouge is doing but Id watch the sarcasm until you been here longer

You can believe in whatever you want dude (dudes) Just ask yourself this question: If I'm a millionaire did i will be here replying to someone??? Or i will be on my vacation and enjoying life!

Peace

 

[randomnumber314]

You can believe in whatever you want dude (dudes) Just ask yourself this question: If I'm a millionaire did i will be here replying to someone??? Or i will be on my vacation and enjoying life!
Peace

If you think being a millionaire keeps someone from being friendly and involved in a forum...you have a long way to go.

You are aware that MJ is around here commenting all the time right? And Zen, and JackEdwards?? And a dozen other forum members I don't know well enough. Step back from the keyboard and read a few posts before you make a fool of yourself.

 

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[MJ DeMarco]

If I'm a millionaire did i will be here replying to someone???

I guess you'll be too cool to be here once you become a millionaire eh? God, WTF was I thinking all these years? Wasting all this time posting on a forum, belittling my multimillionaire status. Can't believe it took me 12 years to be enlightened. Hopefully the other millionaires here won't realize their mistake either.

I'm really curious to know if anyone here has successfully done it.

Have you read TMF ?

While the "YOU" in the business equation is important, the market doesn't give a shit. This is why the idea of a MUSE, lifestyle design, etc is a bunch of self-loving garbage marketed to appease the selfish entrepreneur, which in itself, is a misnomer. Value creation is market centered, not self-centered. People fail in business because they haven't learned to get themselves out of the way. And yes, my lifestyle is fully funded. I never have to work another day in my life which should qualify my opinion as somewhat valid.

 

[SteveO]

Let's not get worked up over this topic.

I hang out here for a couple of reasons. One is that I make some acquaintances that invest in some of my deals. Primarily though, I have made some great friendships with people that think like me. It is difficult to find people with the same mindset. Our conversations in here are different than any that I have with friends outside of this forum.

 

[rkmalo1]

If I'm a millionaire did i will be here replying to someone???

Umm.....I can think of 6 members off the top of my head (there are probably many more!) that are def millionaires that post and help others here almost everyday.

Such a dumb statement.

 

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[CarrieW]

it doesn't matter what anyone says, don't you know
"The Internet, where men are kids, women are men, and kids are undercover FBI agents."
— Anonymous

LOL its true in most cases but not all... its good to be skeptical but at least do research before sticking ones foot in ones mouth...

 

[Jake]

You can believe in whatever you want dude (dudes) Just ask yourself this question: If I'm a millionaire did i will be here replying to someone??? Or i will be on my vacation and enjoying life!

Peace

When life is a vacation you have time for both.

Takers get less than they're after and givers receive more

 

[nikiobicata]

LOL it's full with sheep's here!

I'm done see you around!

 

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[Vigilante]

No one will help you with that Every one looking for "idea" ... I'm like you I was reading a lot forums and i try 100 things but still no money So for now i'm stuck on my daily job

 

[DeletedUser2]

I guess you'll be too cool to be here once you become a millionaire eh? God, WTF was I thinking all these years? Wasting all this time posting on a forum, belittling my multimillionaire status. Can't believe it took me 12 years to be enlightened. Hopefully the other millionaires here won't realize their mistake either.

HOLY SHIT! MJ! you have Enlightened me! I wont waste 12 yrs here helping out, and commenting any more! out outta here! whoooo free at last from the confines of a forum!!! whooo hooo. party tonight!

Z

 

[jpa0827]

I was hoping @zen******* would comment on this thread. Don't leave us Z. We still have a lot of sock pictures we want you to post. Oh yeah.... your advice isn't too bad either

 

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[Formless]

'I don't take anything at face value, except what I take at face value.' - One of my friends, describing skepticism without research.

 

[CarrieW]

LOL it's full with sheep's here!

I'm done see you around!

buh bye

 

[Enki]

why did this thread piss me off?

 

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[PeeVee]

LOL it's full with sheep's here!

I'm done see you around!

Bahhhhh bahhhhhh, meh meh meh

When you find the right mindset you will be back. Build a few more layers and come back. You will love this place.

 

[SteveO]

why did this thread piss me off?

Not worth it. You will run into this on a regular basis in daily life.

 

[MJ DeMarco]

it's full with sheep's here!

So for now i'm stuck on my daily job

Tis better to be a black sheep living on your own terms than a white sheep on the way to the slaughterhouse.

 

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[CarrieW]

Tis better to be a black sheep living on your own terms than a white sheep on the way to the slaughterhouse.

Amen!
I wanted to post along the lines of this but couldn't figure out how to word it...

 

[RogueInnovation]

Ignore nio-bot-ica, we all know the score
Anyone got any views on how to get it "just right" for you?

 

[Mike.B]

HOLY SHIT! MJ! you have Enlightened me! I wont waste 12 yrs here helping out, and commenting any more! out outta here! whoooo free at last from the confines of a forum!!! whooo hooo. party tonight!

Well shit ... there goes my free ride!

 

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[Eskil]

@nikiobicata Lol... wow... I'm just gonna assume you're one big giant forum troll, because no one would be so stupid as to come to this forum (of all forums) and make statements such as yours.

Today's lesson;
Never mind forum trolls on your fastlane journey:

 

[RogueInnovation]

If you care to share, I'd LOVE some hints, author names, websites and podcast titles on this one please...it's an area in which I've recently been wondering how to up my game - apart from listening to these podcasts:

Its like riding a bike, when you are really slow you struggle keeping it balanced and the handlebars have a mind of their own. 4 hours of wrestling a stupid bike a week is much more irritating than riding the bike at sufficient speed for however long you want.

To get the bike up to speed you have to cross from perfectionism into making it happen.
I partially crossed that over a series of months after icecreamkid's thread, which just pushed me to do everything I could until I had no other choice but to stomach MOST of my avoidance tendencies.
So it is the real world that you really change that mindset, not podcasts (unfortunately).
You can read a hundred ways to ride a bike, but eventually you gotta face your fears and pedal.

Its ironic, but, you don't NEED a lot of big ideas, you just need to focus on some quality ones, once the bike is rolling. And those few ideas keep you steady and keep you refining your process.

ZenD only posts a few things, same with Vig and MJ, and its because they ride that business bicycle well, and all that is on their mind is gracefulness, "i don't care buddy", and a few key ideas that are graceful.

MJs book, is kind of like, the subconscious of business (I feel), in that, he doesn't use it consciously because its easier than that to HIM. He uses it to tell you how to hold the bike straight and leaves it up to you to pedal.

Now as newbies, we don't want to pedal, we want to reinvent how to hold the bike up. And it is a massive waste of our time. They know it, and so its a massive waste of THEIR time going over it a lot.

The key is to give, rather than retreat. To let go, rather than fear. To not worry too much about the how, but focus on how it should feel and what you should be/could be doing better. To not dive into "easy to read, but too vague to execute on" articles, to instead focus on one diagram, one concept, one guide and off the side construct what you need to do step by step, and then think on how you will do it.

Mindset in this instance is about genuinely facing your hesitations, until the above starts to change in you. And after it does, you can kinda ride ok and it feels better than a 4 hour work week, and it certainly feels better than walking everywhere!!!

I am still crashing into bushes and stuff though, so ahead of that skill is lay of the land and mastering the whole bike thing, figuring out the breaks, and all that stuff.

edit:
action steps is like pedaling too, because each step is harder at first and leads to easier and more frequent steps, until you can coast. And at the very start you need to push yourself forwards with faith so you don't get tangled in the starting process.
When you can and will do that is when you get the mindset.