Let me first emphasize that I am not complaining and I am very thankful to be in the spot that I am. My reason for this post is to maybe get some input from other experienced members who are/were in a similar position.
It’s been a little over one year now since I sold one of my eCommerce brands. I still have another brand which does about 15k profit per month very consistently, so my living expenses are more than covered.
So what is my problem now?
I’ve dabbled in multiple things after the sale (while also doing maintenance work on my 2nd brand!): I’ve looked into value investing in stocks, buying a SMB, starting another eCommerce brand and buying niche sites.
(Just as a side note, the idea with the niche sites was to buy a site and then launch a physical products brand on the back of the site's audience, making the site + brand much more valuable, while providing better offers/products to the customers).
Nothing I looked into seemed to be “it” for me - but I maybe just give up on ideas too quickly now because I think they are too small to make an impact (both on my lifestyle and for the customers).
I wouldn’t want to spend the next years of my life on a business which plateaus at 10k profit per month. It’s not even really about the money so I can buy things, rather that I want to advance and feel like I am making progress (which is pretty easily measured in money).
My long term goal for myself has been to have 8 million invested in a money system, so I’d be free ‘forever’. Now I question if that really should be the goal for me, as I’d be in pretty much the same situation as now (except living in a nicer house & driving a nicer car) while asking myself what to do to advance in life.
At least right now I can’t see myself not working on something. I don’t really have hobbies except the gym but I enjoy working on business stuff, learning skills and general self improvement (if you’d call that a hobby).
In conclusion I think what it comes down to is that I need to work on something new to feel happy and fulfilled, but it shouldn’t be a ‘beginner business’ and something big enough for me to be excited about. I am also wondering if I should consider my interests/passions in determining this next project, as I have made a little money now, or stick to just solving problems and ignoring passion until I am at my ‘freedom number’.
Curious to hear how others have navigated that part of the Fastlane journey.
It’s been a little over one year now since I sold one of my eCommerce brands. I still have another brand which does about 15k profit per month very consistently, so my living expenses are more than covered.
So what is my problem now?
I’ve dabbled in multiple things after the sale (while also doing maintenance work on my 2nd brand!): I’ve looked into value investing in stocks, buying a SMB, starting another eCommerce brand and buying niche sites.
(Just as a side note, the idea with the niche sites was to buy a site and then launch a physical products brand on the back of the site's audience, making the site + brand much more valuable, while providing better offers/products to the customers).
Nothing I looked into seemed to be “it” for me - but I maybe just give up on ideas too quickly now because I think they are too small to make an impact (both on my lifestyle and for the customers).
I wouldn’t want to spend the next years of my life on a business which plateaus at 10k profit per month. It’s not even really about the money so I can buy things, rather that I want to advance and feel like I am making progress (which is pretty easily measured in money).
My long term goal for myself has been to have 8 million invested in a money system, so I’d be free ‘forever’. Now I question if that really should be the goal for me, as I’d be in pretty much the same situation as now (except living in a nicer house & driving a nicer car) while asking myself what to do to advance in life.
At least right now I can’t see myself not working on something. I don’t really have hobbies except the gym but I enjoy working on business stuff, learning skills and general self improvement (if you’d call that a hobby).
In conclusion I think what it comes down to is that I need to work on something new to feel happy and fulfilled, but it shouldn’t be a ‘beginner business’ and something big enough for me to be excited about. I am also wondering if I should consider my interests/passions in determining this next project, as I have made a little money now, or stick to just solving problems and ignoring passion until I am at my ‘freedom number’.
Curious to hear how others have navigated that part of the Fastlane journey.
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