Hey guys,
My name is Chris, I am 26, and I plan to have $6 million in the next 10 years.
Currently I am employed by a Fortune 1000 company outside of New Orleans, Louisiana. My wife recently quit her job and is now running our very first retail store after a $65k SBA loan plus essentially all of our savings which were used for leasehold improvements, equipment, and inventory.
We've been in business for 1 month and are already breaking even (excluding paying her salary).
My plan is to quit my job within a year and half to expand and open more stores. I believe that i can grow to 10 non-franchised stores within 10 years and have the equity in the business exceed $4 million + our savings from the income over that time period bringing us to $6 million after taxes.
Ive followed the slow-lane philosophy till this point in my life - doing all the things people expected me to and achieving their definition of "success". I graduated from college, got a good paying job with benefits, bought a house, and realized that this is not my definition of success.
For me, a nice house in the suburbs with a good job is a worst-case scenario. I want something beyond that, and it's more about being challenged and enjoying what I do than the money, but the money will make it that much sweeter.
My name is Chris, I am 26, and I plan to have $6 million in the next 10 years.
Currently I am employed by a Fortune 1000 company outside of New Orleans, Louisiana. My wife recently quit her job and is now running our very first retail store after a $65k SBA loan plus essentially all of our savings which were used for leasehold improvements, equipment, and inventory.
We've been in business for 1 month and are already breaking even (excluding paying her salary).
My plan is to quit my job within a year and half to expand and open more stores. I believe that i can grow to 10 non-franchised stores within 10 years and have the equity in the business exceed $4 million + our savings from the income over that time period bringing us to $6 million after taxes.
Ive followed the slow-lane philosophy till this point in my life - doing all the things people expected me to and achieving their definition of "success". I graduated from college, got a good paying job with benefits, bought a house, and realized that this is not my definition of success.
For me, a nice house in the suburbs with a good job is a worst-case scenario. I want something beyond that, and it's more about being challenged and enjoying what I do than the money, but the money will make it that much sweeter.
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