• The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  1. Join 50,000+ entrepreneurs
    who are kicking butt and
    winning their dream life.

    Unscripted™ Entrepreneurship:
    A Business That Pays More Than Money, It Pays Time.

    "Fastlane" is an entrepreneur discussion forum based on The Unscripted Entrepreneurial Framework (TUNEF) outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED™). From multimillionaires to digital nomads, the forum features real entrepreneurs creating real businesses.

    Download (Unscripted) Download (Millionaire Fastlane)  Register
    Registering for the forum removes this block!

RANT I'm 31 years old with $5 in my account

Discussion in 'General Entrepreneur Discussion' started by Crissco, Mar 2, 2019.

  1. Crissco
    Offline

    Crissco Bronze Contributor Read Millionaire Fastlane

    Messages:
    165
    Likes Received:
    107
    Joined:
    Aug 3, 2015
    Gender:
    Male
    Location:
    New York
    Rep Bank:
    $776
    Hey everyone,

    This is a bit of a rant thread, a bit of a help me out thread at the same time. - I'm 31 years old and have $5 in my account and have bills and rent to pay and living off of unemployment since I lost my slow lane job a month ago.

    I'm a website developer by trade, but I also know marketing, SEO..etc - I also own a website development company with one client, and I also own a blog (attractsingles.com) (I was a dating coach also). I'm a crossroad on what to do with my life. I'm sick of this same pattern over and over again with being broke and having no money. It's pathetic.

    Something has to change. As much as I love website development after 6 years im getting sick of it, which I why I started up my blog and now focusing more on digital courses / eBooks. But I feel that is very 2008. Also, I need more excitement in my life (Something new).

    My goals:
    1. Make money online
    2. Use that money to invest in rental properties

    I know none of you can direct my path for me, that has to be done on my own but some direction in certain ways would be great.

    Chris
     
    LaraJF, Shashwat, Everyman and 3 others like this.
  2. kelvinfernandezm
    Offline

    kelvinfernandezm Some Profound Quote Goes Here Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER

    Messages:
    250
    Likes Received:
    420
    Joined:
    Jan 26, 2016
    Gender:
    Male
    Location:
    Fort Worth, Texas
    Rep Bank:
    $2,189
    I know there's a lot of hate for social media agencies but people are in need of them. Would you be willing to start one? Maybe with a partner?
     
    LaraJF likes this.
  3. minivanman
    Offline

    minivanman Gold Contributor Speedway Pass

    Messages:
    1,012
    Likes Received:
    2,446
    Joined:
    Mar 16, 2017
    Gender:
    Male
    Location:
    DFW
    Rep Bank:
    $13,157
    When I was 29 I had a talk with myself. I told myself I was either going to own a business by the time I was 30 or else I was going to move to the beach and be a bum. So, I sat down and made a plan and started it the next day. It wasn't exactly fast lane but back then I didn't know what fast lane was and I didn't have internet.... although, that was when people were just starting to get computers and AOL was charging by the hour. Luckily, it worked out for me better than I could have ever dreamed at the time.
     
    TheCj, Get Right, astr0 and 13 others like this.
  4. biophase
    Offline

    biophase Legendary Contributor I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

    Messages:
    6,215
    Likes Received:
    27,186
    Joined:
    Jul 25, 2007
    Location:
    Scottsdale, AZ
    Rep Bank:
    $182,099
    How did you end up with only $5? We’re you not making any money or were you spending too much?
     
    astr0, Everyman, lejus and 4 others like this.
  5. Crissco
    Offline

    Crissco Bronze Contributor Read Millionaire Fastlane

    Messages:
    165
    Likes Received:
    107
    Joined:
    Aug 3, 2015
    Gender:
    Male
    Location:
    New York
    Rep Bank:
    $776
    I was living paycheck to paycheck with this apartment and food, and gas..etc once I lost my job I used the last $1000 I had for rent, now im living off of unemployment to pay rent and food.
     
    Everyman likes this.
  6. biophase
    Offline

    biophase Legendary Contributor I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

    Messages:
    6,215
    Likes Received:
    27,186
    Joined:
    Jul 25, 2007
    Location:
    Scottsdale, AZ
    Rep Bank:
    $182,099
    I assume that your job was a web developer and that it didn’t pay much?

    You have to get another job right away. Then lower your expenses. Then you can work on your business.
     
  7. Crissco
    Offline

    Crissco Bronze Contributor Read Millionaire Fastlane

    Messages:
    165
    Likes Received:
    107
    Joined:
    Aug 3, 2015
    Gender:
    Male
    Location:
    New York
    Rep Bank:
    $776
    It paid just enough at $45,000 a year to support my self. And yup, that's my exact plan, been looking for another job since I lost that last job.
     
    Everyman and Walter Hay like this.
  8. andrewbaltimore
    Offline

    andrewbaltimore New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

    Messages:
    9
    Likes Received:
    13
    Joined:
    Feb 19, 2016
    Rep Bank:
    $108
    How are you monetizing the blog? Why don't you focus on getting more traffic and go with dating affiliates/sell your own stuff there
     
    minivanman likes this.
  9. Crissco
    Offline

    Crissco Bronze Contributor Read Millionaire Fastlane

    Messages:
    165
    Likes Received:
    107
    Joined:
    Aug 3, 2015
    Gender:
    Male
    Location:
    New York
    Rep Bank:
    $776
    That's exactly what im doing, im staying away from affiliates but I plan on selling courses, eBooks, and coaching calls for clients.
     
    minivanman likes this.
  10. andrewbaltimore
    Offline

    andrewbaltimore New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

    Messages:
    9
    Likes Received:
    13
    Joined:
    Feb 19, 2016
    Rep Bank:
    $108
    Well sounds good then, you already have a plan. As biophase suggested first things first, find a job asap to cover expenses and work on the new business
     
    minivanman and Crissco like this.
  11. andrewbaltimore
    Offline

    andrewbaltimore New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

    Messages:
    9
    Likes Received:
    13
    Joined:
    Feb 19, 2016
    Rep Bank:
    $108
    Just one thing. I've checked the blog and I see on the cover that you try to position yourself as different being brutally honest. No BS, like others on Instagram or Facebook. I like that. You are defending a unique value proposition.
    However when I checked your blog posts, I cannot find what I was promised. For example I've checked How to get a girlfriend post and you are saying what everyone else is saying... Nothing more, nothing less.
    Bring more punch there and you'll catch more attention being unique
     
  12. Ninjakid
    Offline

    Ninjakid Platinum Contributor Speedway Pass

    Messages:
    1,696
    Likes Received:
    3,517
    Joined:
    Jun 23, 2014
    Location:
    Canadianadanada
    Rep Bank:
    $12,061
    I used Numbeo to calculate the cost of living in New York. $45,000 a year, that means you have $3750 a month.

    My calculations for a single person living relatively frugally were slightly less than $3200. That's if rent is $1900. But you mentioned you used your last $1000 for your rent, so you're probably paying less than that.

    Something tells me you're spending too much money.
     
    Dami-B, astr0, AubreyJ and 6 others like this.
  13. Sebastya
    Offline

    Sebastya Bronze Contributor

    Messages:
    390
    Likes Received:
    423
    Joined:
    Dec 22, 2014
    Location:
    Los Angeles
    Rep Bank:
    $2,232
    You're doing better than me!
     
  14. Andy Black
    Online

    Andy Black Any colour, as long as it's red. Staff Member Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    7,562
    Likes Received:
    31,935
    Joined:
    May 20, 2014
    Gender:
    Male
    Location:
    Ireland
    Rep Bank:
    $178,531
    Why do you need more excitement and something new?

    Why not just get some web development or digital marketing clients and get your head above water? Or get another job in that field.

    Build a business around a skillset that has been paying you, and then slowly move from services to products?

    Have you made much money blogging or coaching before? Was most of your income from your web dev / digital marketing job? If the bulk of your revenue came from web dev and digital marketing then my suggestion is to focus on that and get some income - quickly. (Hint: nothing wrong with getting a job.)

    Later on you can try to move from providing a service, to a productised service, to a platform / product. Or try side projects.


    Most importantly... figure out why you need excitement or something new. And why you’re ranting.

    Seems the root cause of your current problems could be your Why.

    As the man said, “This isn’t a maths problem.”



    Further reading if you’re so inclined:

    Find thread “Services vs Products”. I linked to some good podcasts in there.

    @UnrealCreative has a productised services thread too, and there’s a few others.

    Listen to “Who have you helped?”, and the second radio interview in my signature.
     
  15. ExaltedLife
    Offline

    ExaltedLife Silver Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

    Messages:
    310
    Likes Received:
    593
    Joined:
    Nov 10, 2015
    Gender:
    Male
    Rep Bank:
    $2,515
    I live alone with no dependents in a small apartment and my living expenses are less than $20,000 a year - that was including paying off a debt at $500 a month. You may want to take a closer look at your expenses, they can probably be significantly reduced.
     
    TheCj, lejus, ProblemOd and 1 other person like this.
  16. Longinus
    Offline

    Longinus Platinum Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

    Messages:
    923
    Likes Received:
    3,759
    Joined:
    Aug 28, 2014
    Gender:
    Male
    Location:
    Flanders, Belgium
    Rep Bank:
    $17,305
    If it "paid just enough to support yourself", you probably suck with finances because that means you have zero savings. Making more money will make you spend more.
     
    TriEd, ZF Lee, lejus and 1 other person like this.
  17. Dennis Kaiyer
    Offline

    Dennis Kaiyer New Contributor

    Messages:
    16
    Likes Received:
    14
    Joined:
    Mar 3, 2019
    Gender:
    Male
    Rep Bank:
    $76
    If you understand the industry and feel it's too oversaturated right now then maybe focus on providing to others in the industry? A recruitment service, marketplace or product that helps boost other peoples business? Just an idea.
     
    Last edited: Mar 3, 2019
  18. Bryaninbangkok
    Offline

    Bryaninbangkok Contributor Read Millionaire Fastlane

    Messages:
    19
    Likes Received:
    25
    Joined:
    Feb 4, 2018
    Gender:
    Male
    Location:
    Bangkok
    Rep Bank:
    $132
    I see you have been collecting email addresses on your website for announcements of future courses, can't you knock up a course within a few weeks and hammer out some emails offering a cheaper early bird price?
     
    WealthyMarketer and Crissco like this.
  19. Ninjakid
    Offline

    Ninjakid Platinum Contributor Speedway Pass

    Messages:
    1,696
    Likes Received:
    3,517
    Joined:
    Jun 23, 2014
    Location:
    Canadianadanada
    Rep Bank:
    $12,061
    The IT field is far from oversaturated. Even with the booming popularity of computer science, there are not enough good programmers and the demand is growing every day.

    If you're a good programmer, you should not be without work unless there's something else he's not mentioning.

    I remember the first time I ever posted an ad on CL for programming, I got a call within 20 minutes. Dude picked up the phone and was ready to hand me $2000.
     
    ZF Lee, astr0, Everyman and 4 others like this.
  20. biophase
    Offline

    biophase Legendary Contributor I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

    Messages:
    6,215
    Likes Received:
    27,186
    Joined:
    Jul 25, 2007
    Location:
    Scottsdale, AZ
    Rep Bank:
    $182,099
    Actually $45k a year, after taxes comes out to $2800 a month. $1000 for rent (seems cheap for NY), and $1800 for living expenses. It's not that much. I can see where it is hard to save. So if you know this already then your plan is get a job so that you can live. Start a side gig to crawl out of the slow lane. An extra $500-$1000 a month would be huge for you.

    How come you only had $1000 saved up when you lost your job. You stated that you had a paying client for web development and some other blog/website?
     
    Timmy1990, astr0, Everyman and 3 others like this.
  21. scottmsul
    Online

    scottmsul Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

    Messages:
    63
    Likes Received:
    210
    Joined:
    Apr 29, 2017
    Gender:
    Male
    Location:
    Boulder, CO
    Rep Bank:
    $1,266
    Everyone else here is saying it, and I'll say it too. $45k is more than enough to live on while putting some away, if you drastically reduce your expenses. I made less than $25k for several years as a grad student and still managed to save some. I lived with roommates, which wasn't ideal but was a necessary sacrifice.

    In your situation, that $45k is in the past and you're asking what action to take right now with $0 in your bank account. Honestly you should probably get any job, even if it's slow lane or even grunt work. Move somewhere cheaper, slash your expenses, and start saving money. Then start a fastlane business in your spare time.
     
    TheCj and minivanman like this.
  22. MoreValue
    Offline

    MoreValue Contributor

    Messages:
    78
    Likes Received:
    55
    Joined:
    Sep 9, 2018
    Gender:
    Male
    Rep Bank:
    $377
    I thought web developers make good money. What about all those tech companies?

    “If it just pays enough to support yourself” that means there is no money to save. He needs more money. With that wage, it is all he can do, just support himself.

    Easy solution get a better job and live below means and save for side hustle. Making more money does not equate to spending more
     
    Everyman and Ninjakid like this.
  23. Dennis Kaiyer
    Offline

    Dennis Kaiyer New Contributor

    Messages:
    16
    Likes Received:
    14
    Joined:
    Mar 3, 2019
    Gender:
    Male
    Rep Bank:
    $76
    Seems you accidentally replied to me. My statement was that the OP seemed to believe the industry is oversaturated. Thanks for the info though. :)
     
    Ninjakid likes this.
  24. lejus
    Offline

    lejus Contributor Read Millionaire Fastlane

    Messages:
    62
    Likes Received:
    89
    Joined:
    Jun 8, 2017
    Gender:
    Male
    Location:
    UK
    Rep Bank:
    $578
    OK you have $5 you need to think what lead to this point and how to avoid it. You might say $45000 was enough only for bills but from my experience, it might not be a lot of money but people can live on way less and even if you make very little you should always spend less than you make, always, there is no exception from this rule. If you feel, after putting 10-40% aside as soon as money touch your account, that it is not enough money and it is too much sacrifice, well maybe it is and maybe you should feel that way and that would get you to take action about your rubbish finances? Anyway, there is no point on dwelling on that now, just as soon as you get some money, put 10-40% for the rainy day and figure out how to make more. Also research budgeting and frugality techniques, it will help you. I am 99% sure there was an issue here from you mentioning debt, if you are in debt you let compound interest work against you unless it was debt on investment which made you more than that interest was. But $500 a month doesn't sound like it.

    The next thing is your rant, yes great rant, it's great to have wake up call, it is great you have some things going, it is great to have your back against the wall because you will work harder but what exactly is your action plan? Making more money and investing it in the property market is not an action it's a goal and dream and it's very vague. What things will you do for the next 16 hours today and tomorrow and the day after tomorrow to get there? What actions will you take for rest of the month? Will you take weekends off? Can you afford that? Who will you call, who will you e-mail, what action will you take? You need to get the exact plan not vague, and you need to fill your every day with action. For exampled 2 hours sending CV for jobs I want, 2 hours sending CV for jobs I don't want, 2 hours helping people get date on forums/groups (or whatever aligns with your blog, not my industry can't say what to do here but go help, someone.), 2 hours create website portfolio and look for more ppl to do websites too. Make an exact plan, execute without mercy, take 10x more action on each aspect then you took so far, you easily have 10x more time being jobless.
     
    COSenior likes this.
  25. Jeff Noel
    Online

    Jeff Noel Silver Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

    Messages:
    350
    Likes Received:
    594
    Joined:
    Oct 26, 2018
    Gender:
    Male
    Location:
    Quebec, Canada
    Rep Bank:
    $2,260
    Sell whatever is laying around in your appartment that you don't really need, that's quick and easy money.

    If you want to gather some emergency money, get your hands dirty a little bit. Offer services to people around you - car washing, house cleaning... whatever you can.

    Have you went at the local McDonald's or fast food to get a temp job in the meantime ?
     
    Ninjakid and lejus like this.

Join 1000s of entrepreneurs who are rewriting life's script and winning financial freedom.

---- ----

You must be a member to join the conversation.

Create Account

Join the community fast and easy!

REGISTER

Log In

Already have an account? Login here.

LOG IN

Share This Page