- Joined
- Oct 9, 2023
- Messages
- 25
Rep Bank
$220
$220
User Power: 84%
I read most of the book ”Fastlane Millionaire”, and right now, I am one of the “slowlaners”. I work 2 part time jobs, one at a warehouse, the other with Uber.
I like the pay for both jobs, but I have to face the following reality: I can’t do this forever. I have thousands of dollars in debt, part of which is getting ALL FOUR TIRES and alternator replaced for my Toyota, (the constant commute and use for Uber must be killing my car).
This makes me think I need “passive income” and I am curious to see if it is EVEN POSSIBLE for me. From what I saw on the internet, there are only 3 ways to do that:
1. Be a business owner
2. Be an entrepreneur
3. Be an investor
I looked into investing opportunities like peer to peer lending platforms, like Prosper, and it looked like a dead end to me. If the borrower defaults, you’re out of luck, and they won’t EVEN TRY to get your money back.
I though about investing in mortgage notes, since borrowing money is ALWAYS in demand, but I don’t know where to go with that.
Actually, I think my scope is limited, because I don’t have it in me to be a business owner or an entrepreneur. But I do like the thought of putting my money to work for me, so if there is anything else I can invest in, please tell me.
I like the pay for both jobs, but I have to face the following reality: I can’t do this forever. I have thousands of dollars in debt, part of which is getting ALL FOUR TIRES and alternator replaced for my Toyota, (the constant commute and use for Uber must be killing my car).
This makes me think I need “passive income” and I am curious to see if it is EVEN POSSIBLE for me. From what I saw on the internet, there are only 3 ways to do that:
1. Be a business owner
2. Be an entrepreneur
3. Be an investor
I looked into investing opportunities like peer to peer lending platforms, like Prosper, and it looked like a dead end to me. If the borrower defaults, you’re out of luck, and they won’t EVEN TRY to get your money back.
I though about investing in mortgage notes, since borrowing money is ALWAYS in demand, but I don’t know where to go with that.
Actually, I think my scope is limited, because I don’t have it in me to be a business owner or an entrepreneur. But I do like the thought of putting my money to work for me, so if there is anything else I can invest in, please tell me.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
