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I have money to invest. I Don't Have an idea. Now what?

Idea threads

Myy30004

PARKED
Jul 18, 2022
7
0
I am really feeling in the rat race lately. I have good job with a good company but I have always seen myself as an entrepreneur and I want out of the 9-5. I have money saved from the last 17 years of working but I honestly don't know where to go from here. I don't want to go sideways and end up working more/harder/more hours. I am wondering if there is a place where people have an idea/plan and just need the funds so we can work together? Partners. Does something like that exist? Please help guide me out of this rat race. Thank you
 
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Andy Daniels

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May 29, 2017
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I am really feeling in the rat race lately. I have good job with a good company but I have always seen myself as an entrepreneur and I want out of the 9-5. I have money saved from the last 17 years of working but I honestly don't know where to go from here. I don't want to go sideways and end up working more/harder/more hours. I am wondering if there is a place where people have an idea/plan and just need the funds so we can work together? Partners. Does something like that exist? Please help guide me out of this rat race. Thank you
I hate to spoil this for you, but embarking on your own business and working for yourself means working 1000% harder and longer hours. This isn't a walk in the park, and many people are led to believe it is.

This is a long and painful journey, but it is a requirement for all successful business owners. You need to be willing to do things that the other 99% won't do. Nobody said this is easy.

Best of luck!
 

Myy30004

PARKED
Jul 18, 2022
7
0
I hate to spoil this for you, but embarking on your own business and working for yourself means working 1000% harder and longer hours. This isn't a walk in the park, and many people are led to believe it is.

This is a long and painful journey, but it is a requirement for all successful business owners. You need to be willing to do things that the other 99% won't do. Nobody said this is easy.

Best of luck!
Is it not possible to invest in someone else's idea/plan and work together so I don't have to work so much?
 

Brad 1138

New Contributor
Jul 17, 2022
2
1
Is it not possible to invest in someone else's idea/plan and work together so I don't have to work so much?
I’m also in the rat race looking to get out. I don’t mind working harder, I’m just looking for a more tolerable kind of stress. I’ve made some money from buying houses in 2008 and selling in 2022. I’m hoping to partner with another flipper and maybe start a photography real estate business. Similar to you, I’m exploring lots of ideas.
 
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AceVentures

Platinum Contributor
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Apr 16, 2019
738
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Is it not possible to invest in someone else's idea/plan and work together so I don't have to work so much?

Have you read any of the books? This sort of question makes me wonder if you understand the core philosophy of MJ's work, and what holds this community together.
 

The Sandman

Bronze Contributor
Speedway Pass
Jul 12, 2022
64
145
I am really feeling in the rat race lately. I have good job with a good company but I have always seen myself as an entrepreneur and I want out of the 9-5. I have money saved from the last 17 years of working but I honestly don't know where to go from here. I don't want to go sideways and end up working more/harder/more hours. I am wondering if there is a place where people have an idea/plan and just need the funds so we can work together? Partners. Does something like that exist? Please help guide me out of this rat race. Thank you

Obvious hands-off options: Stocks, business loans, Venture Capital groups.
Hands-on existing plan: franchise. Tons for sale.

This is my plan (intro): INTRO - Changing lanes at 40

I didn't come here looking for money, but if I can find people wanting to invest I'd be able to start bigger and there's a lot of advantages that come with scale in the manufacturing world. Maybe I should start a new thread to gauge interest...
 

Myy30004

PARKED
Jul 18, 2022
7
0
Have you read any of the books? This sort of question makes me wonder if you understand the core philosophy of MJ's work, and what holds this community together.
I'm reading them as we speak. I did hear an interview on a podcast and i did hear the author say you will have to work harder short term. I also heard him say create an idea and let it make money for you compared to opening a business and working all day/every day. I love that idea. I don't want to slave anymore. I'm just brainstorming and asking questions, I realize I don't have all the answers. Hoping to see where this goes and learn something.
 
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Myy30004

PARKED
Jul 18, 2022
7
0
Obvious hands-off options: Stocks, business loans, Venture Capital groups.
Hands-on existing plan: franchise. Tons for sale.

This is my plan (intro): INTRO - Changing lanes at 40

I didn't come here looking for money, but if I can find people wanting to invest I'd be able to start bigger and there's a lot of advantages that come with scale in the manufacturing world. Maybe I should start a new thread to gauge interest...
Yes, why not all work together to get THERE faster. If you have a formula that works, why start at zero when you don't have to?

I'm new to this entire thread and I came here after listening to a podcast with the Author. I'm poking around as we speak.
 

Myy30004

PARKED
Jul 18, 2022
7
0
Would you want the person you just described as a business partner?
I think I have a lot of value to give. I've been in sales for 17+ years and have won many awards at a large company over the last (almost) two decades. I have a successful mind and always have. I can figure out most things if you give me time, I connect with people easily, I love it all. I am just sick of giving ALL of that to a company to make money off me. I am craving something else. I just don't have an IDEA. A what NOW --- I looked into opening a med spa or a gym with and without a franchise and I'm realizing you have to put in a lot of hours & money to make them successful. I don't mind working smart and giving the business what it needs, consulting/helping but I also need to be honest and say I don't want to work a lot of hours anymore. I want more freedom. I am hoping there is a person out there with a great idea and ready to put in the work but doesn't have the funds and maybe doesn't want someone all up in their business. I think there are different needs out there for any kind of business partner. I would love to be involved but no I don't want to leave a 6 figure job where I have some flexibility for one where I need to give more of my time and my money. My idea would be to find someone to partner that has the other side of what I'm looking for so we can have a productive partnership. It's not that I don't want to work, I just more freedom in my day to day.
 
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James Klymus

Gold Contributor
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Dec 28, 2018
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Chicago, Illinois
I think I have a lot of value to give. I've been in sales for 17+ years and have won many awards at a large company over the last (almost) two decades. I have a successful mind and always have. I can figure out most things if you give me time, I connect with people easily, I love it all. I am just sick of giving ALL of that to a company to make money off me. I am craving something else. I just don't have an IDEA. A what NOW --- I looked into opening a med spa or a gym with and without a franchise and I'm realizing you have to put in a lot of hours & money to make them successful. I don't mind working smart and giving the business what it needs, consulting/helping but I also need to be honest and say I don't want to work a lot of hours anymore. I want more freedom. I am hoping there is a person out there with a great idea and ready to put in the work but doesn't have the funds and maybe doesn't want someone all up in their business. I think there are different needs out there for any kind of business partner. I would love to be involved but no I don't want to leave a 6 figure job where I have some flexibility for one where I need to give more of my time and my money. My idea would be to find someone to partner that has the other side of what I'm looking for so we can have a productive partnership. It's not that I don't want to work, I just more freedom in my day to day.

I would say finding a partner would be your best bet. There are plenty of people who would want someone to take a percentage of their business in exchange for some cash.

Also I would look at business brokers in your area to find existing businesses that are looking to sell. A lot of them have a working system already, the owners are just looking to move on to something else. Also, i've heard of people working out seller financing deals where you make payments to the seller directly without taking a loan, Thus having less/no of your own money tied up.
 

MarcusRich

Contributor
FASTLANE INSIDER
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Speedway Pass
Jul 13, 2022
35
28
Indiana
I think I have a lot of value to give. I've been in sales for 17+ years and have won many awards at a large company over the last (almost) two decades. I have a successful mind and always have. I can figure out most things if you give me time, I connect with people easily, I love it all. I am just sick of giving ALL of that to a company to make money off me. I am craving something else. I just don't have an IDEA. A what NOW --- I looked into opening a med spa or a gym with and without a franchise and I'm realizing you have to put in a lot of hours & money to make them successful. I don't mind working smart and giving the business what it needs, consulting/helping but I also need to be honest and say I don't want to work a lot of hours anymore. I want more freedom. I am hoping there is a person out there with a great idea and ready to put in the work but doesn't have the funds and maybe doesn't want someone all up in their business. I think there are different needs out there for any kind of business partner. I would love to be involved but no I don't want to leave a 6 figure job where I have some flexibility for one where I need to give more of my time and my money. My idea would be to find someone to partner that has the other side of what I'm looking for so we can have a productive partnership. It's not that I don't want to work, I just more freedom in my day to day.

Let me start by saying that I hear you. I also have money to invest and that does sound like a good option. However, it violates the commandment of control. Can it work out, most certainly, but here are some other options as well. You can get into a real-estate purchasing group that targets cashflow rich middle class areas. I have found those to be mostly safe investments that have enabled me to cash flow a fair amount. There are also dividend options as well. You may also be interested in owning a franchise or some kind of pre-automated business that does not require to much of your time. Personally I have done the real estate angle, angel investing, silent partner (your scenerio) and dividend stocks. I would lean toward silent partner opportunities if that is what you're looking for and would probably try and stay local or with people who have a PROVEN history of success.
 

Myy30004

PARKED
Jul 18, 2022
7
0
I would say finding a partner would be your best bet. There are plenty of people who would want someone to take a percentage of their business in exchange for some cash.

Also I would look at business brokers in your area to find existing businesses that are looking to sell. A lot of them have a working system already, the owners are just looking to move on to something else. Also, i've heard of people working out seller financing deals where you make payments to the seller directly without taking a loan, Thus having less/no of your own money tied up.
Thank you so much for that feedback. I will definitely look into that in my area. Great advice.
 
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Myy30004

PARKED
Jul 18, 2022
7
0
Let me start by saying that I hear you. I also have money to invest and that does sound like a good option. However, it violates the commandment of control. Can it work out, most certainly, but here are some other options as well. You can get into a real-estate purchasing group that targets cashflow rich middle class areas. I have found those to be mostly safe investments that have enabled me to cash flow a fair amount. There are also dividend options as well. You may also be interested in owning a franchise or some kind of pre-automated business that does not require to much of your time. Personally I have done the real estate angle, angel investing, silent partner (your scenerio) and dividend stocks. I would lean toward silent partner opportunities if that is what you're looking for and would probably try and stay local or with people who have a PROVEN history of success.
Thank you! How would I go about finding a real estate purchasing group?
 

MarcusRich

Contributor
FASTLANE INSIDER
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Speedway Pass
Jul 13, 2022
35
28
Indiana
Thank you! How would I go about finding a real estate purchasing group?
There are a few ways I have gone about that. The most success I have had was on bigger pockets (app/forum) in finding groups. You can also leverage fundwise or something similar those are much more limited. I think that will be helpful for you if you want to go that route.

That said, I still do believe in the unscripted /fastlane life and process. While this doesn't exactly violate all the principles I would also diversify yourself into an unscripted lifestyle and make sure to not have all your eggs in any basket right away until you have passion.
 

jferrari427

PARKED
Apr 14, 2022
4
0
Let me start by saying that I hear you. I also have money to invest and that does sound like a good option. However, it violates the commandment of control. Can it work out, most certainly, but here are some other options as well. You can get into a real-estate purchasing group that targets cashflow rich middle class areas. I have found those to be mostly safe investments that have enabled me to cash flow a fair amount. There are also dividend options as well. You may also be interested in owning a franchise or some kind of pre-automated business that does not require to much of your time. Personally I have done the real estate angle, angel investing, silent partner (your scenerio) and dividend stocks. I would lean toward silent partner opportunities if that is what you're looking for and would probably try and stay local or with people who have a PROVEN history of success.
Hi Marcus. I am a real estate investor and owner in mobile home parks- a niche in commercial real estate. Not sure how familiar you are with that sector. I am looking for a silent partner to help acquire more deals. I have a track record and will do all of the work. This is how we structured our first deal and it has worked phenomenally. Touch base if you're interested, thank you.
 
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ZackerySprague

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Jun 26, 2021
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Fort Worth, Texas
Follow the books to the key. The Great Rat Race Escape would be a great start after you read TMF . It goes into explaining how Trotman family escape's the rat race and gives 120 different strategies and principles. DEFINITELY a recommended reading.

A good way to get started is to learn a high-income skill such as web design. Good place to start is looking at @Fox's Fox Web School. Does a pretty good explaining how you can create a web design business while you find your Fastlane idea to create into a business.
 

jferrari427

PARKED
Apr 14, 2022
4
0
I am really feeling in the rat race lately. I have good job with a good company but I have always seen myself as an entrepreneur and I want out of the 9-5. I have money saved from the last 17 years of working but I honestly don't know where to go from here. I don't want to go sideways and end up working more/harder/more hours. I am wondering if there is a place where people have an idea/plan and just need the funds so we can work together? Partners. Does something like that exist? Please help guide me out of this rat race. Thank you
Hi there!
I’m actually looking for a silent partner for real estate investments in mobile home park sector. If you’re not familiar I can delve deeper if you wish. Also glad to make an intro if you wish. Good luck!
John
 

Isaac Odongo

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Nov 7, 2022
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I can't imagine someone has money and doesn't have any ideas. Hanged over working so hard. Scared of losing money. Want to be perfect and know it is not possible. As you want to partner, think of the advice and methods that make up a good partnership.
 
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MarcusRich

Contributor
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Jul 13, 2022
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Indiana
Hi Marcus. I am a real estate investor and owner in mobile home parks- a niche in commercial real estate. Not sure how familiar you are with that sector. I am looking for a silent partner to help acquire more deals. I have a track record and will do all of the work. This is how we structured our first deal and it has worked phenomenally. Touch base if you're interested, thank you.
DM me on here. I will need to review your credentials and hear about your experiences then I can have some of my people talk to yours and get together to discuss investing.
 

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