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DeletedUser9
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PART 1: How I Began, My Success And Failures.
I'm new here and I have a strange success story that I would like to share with all of you.
I decided I was going to be an entrepreneur (April 2012) at the young age of 17 , after stumbling upon a YouTube video of a man named Jordan Belfort (some may call this luck). He was making 1,000,000$ per week during the 90s as the owner of a brokerage firm, he lived a life of true excess, a 100+ yacht, a Learjet, multiple mansions, drugs and hookers.
Even though he's not an ideal role model for a 17 year old, it was my first time seeing true wealth (just like MJ and the inventor at the ice cream store). I still to this day have never met a rich person in real life
I constantly dreamt of being rich, literally 50 times a day. I wanted to live with the stars in LA have a Gulfstream jet and a ton of cash. I didn't want "measly financial freedom", I wanted excess, I wanted to be 100,000,000$+ rich, I wanted to be so rich that Forbes, Inc, IBT, Business INSIDERS, Entrepreneur.com would be calling me to get an interview
I was in the final year of my exams, actually within 2 months of them, but I wanted to become rich, pushed my books to the side. I couldn't care less about exams, high school and going to college.
I didn't know how I was going to make money but I decided to be an "Internet Entrepreneur" due to low overhead costs and I could go under the radar from friends/family.
I heard stories of affiliate marketers making xx,xxx$ per month etc and I thought I would try it out. Since I was 17 I couldn't open a bank account without my parents finding out or get a debit card to make online payments. Instead of giving up I got a prepaid debit card and loaded it up with 500$........... you could say it was my life savings.
I failed miserably I burned through the 500$ fast between april and may. Even though I was down 500$ I learned the basics of domains, hosting, and building nice looking websites. (Always Fail Forward)
Then June came and It was exam time, but I was too busy trying to get rich I forgot to study and did poorly in my exams and ended up with a whack college course.
Summer came I had fun and I forgot all about "getting rich" and I went off to college in September with no intention of getting a degree, just to have more fun to be honest.
Within 2 months I realized how getting comfortable in college could ruin my dreams of living in "with the stars" and being rich. I pretended to go to college so my parents wouldn't kick me out.
During the day (9am-3pm) I studied the "online media business model" advertising, sales tactics, competition and their flaws, how rich the owners were and how old they were. And at night (8pm-5am) I started to build my media company.
I saved every penny I could, I stole from my mothers purse, ATM card, I took foreign currency from the family safe and had it converted to Euro just to fund my business. I justified all these wrongs by the fact that someday I would be so rich that I could write them a cheque for 1,000,000$ and it would be nothing but a couple of days pay to me.
My monthly income went from -500$ to -300$ to 100$ to 600$ to 1600$ to 4000$ to 8000$ and I'm on track this month to make 14000$ (I probably will start saving some to get an apartment).
PART 2: Now + The Problems Im Facing.
I now am 18 so I have 2 Personal current accounts and 2 debit cards.
Even though I am making 4-5 figures per month, my bank balance is low, I receive payments through Paypal and the money rarely goes into my bank account, I reinvest almost all of it.
My parents still think I go to college
Whilst drunk I blurted it out to one of my close friends that I'm on the road to riches and I would like him to be the co- director, he agreed. (you need 2 company directors and a secretary to form an LLC where I'm from)
My major problem is that I don't legally have an actual company!
I don't have a residential address, (live with my parents) required to register a company. Should I rent an apartment to live in and register the business to that address or rent commercial office and register the business there even though I have no employees yet ?
I think I'm allowed to make around 25000$ before registering for taxes.
I chose the business name and registered the domain (cost me 3000$ on Godaddy auctions).
I also want to change my last name before incorporating, It's hard to pronounce and 10 letters long, It doesn't go well when I introduce myself. Its a personal choice but I do feel it will benefit me in both my personal and business life.
Don't think I will bother to tell my parents about my business until they kick me out or until i'm making 50,000$ per month and fully incorporated, and everything going smoothly.
PART 3: My Plan (Short Term)
Part 4: My Plan Long Term
I shared this story so I can check back at it every couple days, weeks, months and years and see if I'm on the right track, or have achieved my goals that I set out to. I will continue to update it as I go along in my business career. Thank you for reading.
I am very lucky in the fact that I found out I wanted to be an entrepreneur and become filthy rich at a very young age. Not only that but I also took action, I regret wasting summer 2012 and I paid for it. But when your making no money it is very easy to get sidetracked.
Today is the youngest your ever going to be so don't wait any longer just dive in.
I'm new here and I have a strange success story that I would like to share with all of you.
I decided I was going to be an entrepreneur (April 2012) at the young age of 17 , after stumbling upon a YouTube video of a man named Jordan Belfort (some may call this luck). He was making 1,000,000$ per week during the 90s as the owner of a brokerage firm, he lived a life of true excess, a 100+ yacht, a Learjet, multiple mansions, drugs and hookers.
Even though he's not an ideal role model for a 17 year old, it was my first time seeing true wealth (just like MJ and the inventor at the ice cream store). I still to this day have never met a rich person in real life
I constantly dreamt of being rich, literally 50 times a day. I wanted to live with the stars in LA have a Gulfstream jet and a ton of cash. I didn't want "measly financial freedom", I wanted excess, I wanted to be 100,000,000$+ rich, I wanted to be so rich that Forbes, Inc, IBT, Business INSIDERS, Entrepreneur.com would be calling me to get an interview
I was in the final year of my exams, actually within 2 months of them, but I wanted to become rich, pushed my books to the side. I couldn't care less about exams, high school and going to college.
I didn't know how I was going to make money but I decided to be an "Internet Entrepreneur" due to low overhead costs and I could go under the radar from friends/family.
I heard stories of affiliate marketers making xx,xxx$ per month etc and I thought I would try it out. Since I was 17 I couldn't open a bank account without my parents finding out or get a debit card to make online payments. Instead of giving up I got a prepaid debit card and loaded it up with 500$........... you could say it was my life savings.
I failed miserably I burned through the 500$ fast between april and may. Even though I was down 500$ I learned the basics of domains, hosting, and building nice looking websites. (Always Fail Forward)
Then June came and It was exam time, but I was too busy trying to get rich I forgot to study and did poorly in my exams and ended up with a whack college course.
Summer came I had fun and I forgot all about "getting rich" and I went off to college in September with no intention of getting a degree, just to have more fun to be honest.
Within 2 months I realized how getting comfortable in college could ruin my dreams of living in "with the stars" and being rich. I pretended to go to college so my parents wouldn't kick me out.
During the day (9am-3pm) I studied the "online media business model" advertising, sales tactics, competition and their flaws, how rich the owners were and how old they were. And at night (8pm-5am) I started to build my media company.
I saved every penny I could, I stole from my mothers purse, ATM card, I took foreign currency from the family safe and had it converted to Euro just to fund my business. I justified all these wrongs by the fact that someday I would be so rich that I could write them a cheque for 1,000,000$ and it would be nothing but a couple of days pay to me.
My monthly income went from -500$ to -300$ to 100$ to 600$ to 1600$ to 4000$ to 8000$ and I'm on track this month to make 14000$ (I probably will start saving some to get an apartment).
PART 2: Now + The Problems Im Facing.
I now am 18 so I have 2 Personal current accounts and 2 debit cards.
Even though I am making 4-5 figures per month, my bank balance is low, I receive payments through Paypal and the money rarely goes into my bank account, I reinvest almost all of it.
My parents still think I go to college
Whilst drunk I blurted it out to one of my close friends that I'm on the road to riches and I would like him to be the co- director, he agreed. (you need 2 company directors and a secretary to form an LLC where I'm from)
My major problem is that I don't legally have an actual company!
I don't have a residential address, (live with my parents) required to register a company. Should I rent an apartment to live in and register the business to that address or rent commercial office and register the business there even though I have no employees yet ?
I think I'm allowed to make around 25000$ before registering for taxes.
I chose the business name and registered the domain (cost me 3000$ on Godaddy auctions).
I also want to change my last name before incorporating, It's hard to pronounce and 10 letters long, It doesn't go well when I introduce myself. Its a personal choice but I do feel it will benefit me in both my personal and business life.
Don't think I will bother to tell my parents about my business until they kick me out or until i'm making 50,000$ per month and fully incorporated, and everything going smoothly.
PART 3: My Plan (Short Term)
- Save enough to rent an apartment for one year, I think I will have to pay the year lease in full as I have no record of employment, and no legal entity.
- Lease apartment.
- Change my last name in court, notify all necessary institutions.
- Incorporate using residential address, until I have employees of course, then I will rent office space.
- Tell my parents that I dropped out of college after 2 months and I have my own media company, apartment and don't give a F*ck what they think.
- SCALE, SCALE, SCALE.
- "Retain every share, every percentage point of the company. Ownership isn't the most important thing in the getting of money - it is the only thing."
Part 4: My Plan Long Term
- Achieve a salary of 1,000,000$ per week as outlined in part 1.
- Retain every share, every percentage point of the company.
- Sell my company while its at peak velocity, hopefully net 100,000,000$+ after taxes of capital gains taxes of 33%
- Retire and finish working, before my friends finish college and start working in around 5- 7 years if all goes well.
- Fulfill my wildest dreams.........
I shared this story so I can check back at it every couple days, weeks, months and years and see if I'm on the right track, or have achieved my goals that I set out to. I will continue to update it as I go along in my business career. Thank you for reading.
I am very lucky in the fact that I found out I wanted to be an entrepreneur and become filthy rich at a very young age. Not only that but I also took action, I regret wasting summer 2012 and I paid for it. But when your making no money it is very easy to get sidetracked.
Today is the youngest your ever going to be so don't wait any longer just dive in.
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