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INTRO Hello from a Tropical Island

Discussion in 'Forum Introductions (Who are you!?)' started by Paladin, Nov 1, 2018.

  1. Paladin
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    Paladin Bronze Contributor FASTLANE INSIDER Speedway Pass

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    Hey guys, my name is Jonathan and I'm really excited to be here.

    I only recently heard about this forum from two of my mastermind members and am excited to find a place where people are on a similar journey and can share their experiences.

    I live on a small tropical island in Southeast Asia.

    My online journey started way back in 2010 and now I make a fulltime living from my books, digital products and blog.

    This summer I leased an entire hostel for 10% more than we were renting our last apartment. We have this for ten years and we have already hit 2.5x on what the previous owners claimed the place was making. Our goal is to hit 10x in the next six months.

    Very few people on my island are online entrepreneurs, so most of them think that the physical building is the asset. In reality, the business is all digital. It's about the website, the traffic and the targeted ads we use to keep the place full. In ten years, my wife and I may decide we want to move on to something else, but in the meantime she has a business to run while I continue to build things online.

    I'm excited to find other people to share similar stories with and find ways to help each other grow. I'm in the middle of growing two businesses at once and sometimes it gets a little lonely around here. The guests all come and go and very few people here really understand the idea of building a business or leaving wealth behind for your kids. Yes, I have three kids and I'm hoping for loads more. ;)

    I am excited to see other people who are further up the mountain and a few who are a little behind me that I can share some nuggets of wisdom with.

    I'm ready for life in the fastlane.
     
  2. lowtek
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    lowtek Platinum Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass Summit Attendee

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    Welcome to the forum! Glad to see you're already in motion and making bank. Here's to your continued success.
     
  3. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Admin Post
    Welcome aboard my friend.

    Pics! Pics! Pics!
     
  4. The Abundant Man
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    The Abundant Man Silver Contributor Read Millionaire Fastlane Speedway Pass

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  5. Jeff Noel
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    Jeff Noel Bronze Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass

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    Welcome to the forum Paladin !
     
  6. NicholasCato
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    NicholasCato Contributor

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    Living on a tropical island with two successful businesses and a beautiful family? I'd say you're already living the dream to most lol!

    Welcome to the forums!
     
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  7. Xeon
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    Xeon All Cars Kneel Before Pagani. Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    The tropical island is likely to be Singapore and it looks nothing like what Abundant Man posted :rofl:
     
  8. Tommo
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    Tommo Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    Wecome to the forum. If you are on Krabbi, I am at koh lanta for a week. Let me know if we are close enough to catch up. Cheers
    Tommo.
    PS Your plan is great, looked at similar idea in New Zealand couple of years ago re leasing motels/hotels, figures weren't good at the time.
     
    Last edited: Nov 3, 2018
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  9. Get Right
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    Get Right Platinum Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass Summit Attendee

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    I think we might be learning from you!

    Welcome to the forum!
     
  10. Paladin
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    Paladin Bronze Contributor FASTLANE INSIDER Speedway Pass

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    Thanks for the love. I'll try to figure out my avatar so I'm not a grey man anymore.
     
  11. Real Deal Denver
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    Real Deal Denver Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    What they showed in the movie "Rich Crazy Asians" of Singapore was stunning and breathtaking. I never imagined Singapore was that ultra-modern and beautiful. I'll take it any day of the week!
     
  12. Private Witt
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    Private Witt Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    Congrat on your success! I used to work out of hostels a lot when working on a travel guide for Colombia. I always wondered if I would want to own one, a lot of work Im sure!
     
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  13. JasonR
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    JasonR Maverick Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    @Paladin - what part of Asia are you in? Excited to hear more about your story and business.

    I'm currently in Bali and usually travel a lot although now I'm splitting my time between the States and Asia.

    For the rest, there are thousands of tropical islands in Southeast Asia, and many that are insanely beautiful (albeit usually hot).
     
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  14. Paladin
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    Paladin Bronze Contributor FASTLANE INSIDER Speedway Pass

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    Hey guys thanks for the awesome replies. Here is a picture one of our guests recently took of the island.

    Cloud9SiargaoAerialShot.jpg

    The island is called Siargao and it's in the Philippines. It's exploding right now and the tourists are flooding the beaches. It's a great time for us to be in the tourism space for sure.

    Our hostel is constantly overbooked as guests want to keep extending their stays even if it means they sleep in the common areas on a couch or in a hammock. I'm really excited to have a business my wife can run while I continue to build my own business.

    We took over on July 1 and are currently at 3x the monthly of the previous owners. I want to hit that 10x by next July, so we still have a bit more work to do. We are currently on track with our plan, so I'm excited and of course, if anyone here wants a place to visit you're always welcome ;)
     
  15. Ivan M.
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    Ivan M. Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    Welcome to the forum Paladin. Welcome to the beginning of your success!!
     
  16. Paladin
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    Paladin Bronze Contributor FASTLANE INSIDER Speedway Pass

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    Thanks for the warm welcome. I've started a progress thread about the hostel in the insider's section. I'll still followup on this thread of course! ;)

    Here are some more pictures of our place and the island:

    This is my office
    SiargaoFootprintsNirvanaDayMode.JPG

    Here is my dog:
    SiargaoFootprintsCerberusTheSurfDogLifeJacket.JPG

    This is the hangout and yoga area:
    ActionCameraChilloutYoga2.jpg

    Sunset from a boat:
    SiargaoFootprintsBoatTripSunset.JPG

    This is the island in front of my house that I paddleboard to. Everyone else takes boats, but I like to earn it.
    SiargaoFootprintsGoyumIsland1.JPG
     
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  17. Lionhearted
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    Lionhearted Silver Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    I would say your are a man of GREAT wealth at this moment (though I am totally supportive on you building it higher). BTW I see wealth as a measure of your entire life and happiness. You have a wife and children that are a complement to your life. You live in paradise. You add value to the world every day. You have multiple revenue streams. I like that you lease the property which gives you a much easier exit strategy if you ever decide depart from the venture. You are certainly an inspiration to others.
    Do you plan to scale this business? If so how? Do you have a future exit strategy?
    Thank you for sharing your journey with us. All the best!
     
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  18. Hadrian
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    Hadrian Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    I love This Thread! Reminds me of the four hour work week.. the book that started my evolution into Entrepreneurship! :)
     
    Last edited: Dec 3, 2018
  19. Paladin
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    Paladin Bronze Contributor FASTLANE INSIDER Speedway Pass

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    Thanks for the kind words and this is a great question.

    A hostel is controlled by the physical. We only have so much space between our walls. Once we complete turning the last room from a couple's room into another dorm, we'll have maxed out.

    We have looked at leasing other buildings near us, but the landlords are sketchy and won't sign contracts.

    The only way to get bigger is to buy land and build something. I'm not really into that right now.

    The main goal is to build up a saving's account over the next ten years so that my wife and kids never have to worry about money ever again.

    In ten years, the propery will rever back to the current owners unless we do another contract. I think running a hostel for a decade is enough. I'm way too old to hang out with twenty-year-olds. I already did that and had a BLAST. But now I'm on to the next adventure.

    We may decide we love this industry and start again somewhere else, but I don't know where I'll be in a decade.

    This business is mostly about freedom, lifestyle and security for my family. Now that they have this new layer of security, my life is a lot easier.
     
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  20. Lionhearted
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    Lionhearted Silver Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    You mention "books, digital products and blog." They are obviously part of the mix. Can you link us to those? I am interested in what got this party started. Also can you expand on the "Mastermind" group? And NO, I am in NO WAY affiliated with Paladin. LOL Thanks again
     
    Last edited: Dec 3, 2018
  21. Paladin
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    Paladin Bronze Contributor FASTLANE INSIDER Speedway Pass

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    My site and my brand are called Serve No Master. I share more stores in the Insiders section of my process and progress.
     
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  22. Lionhearted
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    Lionhearted Silver Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    Impressive! Thanks.
     
  23. ZF Lee
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    ZF Lee Platinum Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Welcome, @Paladin

    Fun Fact: They filmed MOST of the scenes in MALAYSIA
    Crazy Rich Asians: 7 Locations In Malaysia You May Recognise In The Film

    TLDR: They chose the nice hotels in Kuala Lumpur, and great beach places in Langkawi and Penang.

    SAYS

    Apparently the author can't come into Singapore because he's avoiding their military draft. Hopefully it wasn't a big issue that forced the filmmakers to make the move to film somewhere else that looked similar.
     
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  24. Thomas Baptiste
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    Thomas Baptiste Contributor Read Millionaire Fastlane

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    I'm also on a tropical island, but located in the caribbean. Nice to see we're on opposite sides of the world working towards similar goals. Nice!
     
  25. Paladin
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    Paladin Bronze Contributor FASTLANE INSIDER Speedway Pass

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    Glad to see I'm not the only islander on here. Even when you have a bad day, it's not that bad here ;)
     
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