Dbodin
New Contributor
hi, I have been shooting video as a sole proprieter for far too long (15 yrs). I started with weddings, then brokered shoots, and corporate engagements. Unfortunately my plan breaks several commandments (time and scale for sure). Magnatude isnt too bad, as my margins are high, about 45%. Need is pretty low, especially as Entry becomes easier with lower prices electronics eg cameras. I just discovered the MFL book and am already 2/3rds of the way through it. Wonderful paradigm shifting material! It came at just the right time, because I have been looking for a book that details the formula for a super profitable business model. I am also already 38, so i feel behind! I have built a business and seen it grow, but the money made overall is low due to low volume and the fact I must be present to get that income. I have supplemented that income with two website rental clients. So now for the real question: I am considering buying a house, as I currently rent ($850/mo). I have $80k saved, and houses in Oklahoma are cheap, my price range is $150-$175k...but the book says if I invest in a world bond I could get 6.5% return on that lump sum which equates to over $430/mo. I looked at some funds but they are all underperforming that 6.5% by a lot over the last five years. Where are these safe 6.5% returns? I have very little knowledge currently, but have a brokers account and have bought and sold securities before. Im wondering what you all think is the wisest plan w the money. being 38 my main reason for buying a home is the inabaility to find a good roommate and I would hate to spend that extra dough without equity. Thoughts? I have always been a good saver...but never had a mentor who really knew what to do with it.
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