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Discussion in 'General Mindset, Motivation, Beliefs' started by Envision, Jul 18, 2015.

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  1. nradam123
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    nradam123 Silver Contributor Read The Millionaire Fastlane Speedway Pass

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    I know, this is super crucial.
    I can add a few more -
    1) Tax (Customs especially if you are importing)
    2) Cut of Marketplaces and retailers (15% to 30%)
    3) Returns (15% of your orders can return)
    4) Defective products on manufacture
    5) Supplier fuck up cost lol
    6) And the hardest - Cycling all the money to refill our inventory and keep some money for yourself.

    And there are more i guess, but these came into my mind right now.


    Reading your thread made me remember my old import business. The only reason why I stopped it is because I quit my job and I did not have money to cycle through. On the bright side, I am doing digital business now and I think its all for the best.
     
    Last edited: Aug 6, 2016
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  2. Thetaker24
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    Thetaker24 New Contributor

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    @Envision

    Your thread inspired me!

    I'm in the same hole, like you were in!

    This thread inspired me and i hope i get out of the hole one day like you did!
     
    Envision and nichiseven like this.
  3. Envision
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    Envision Gold Contributor Read The Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass Summit Attendee

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    Goal update:
    • I am still working a W2, I would like to replace my work income within the next year.
    • Travel the world
    • Millionaire by 25.
    • Own 100 units of of real estate that cash flow by 25.
    • Have my business make 10k/month in sales (@@Vick's thread was super motivating and pretty epic to read)
    Going to need to revise my goal of 100 units of real estate that cash flow by 25. I think its possible by 30 but in my market the housing prices are insane. Refinanced my current duplex and im looking to buy another in ~March.

    Still going to keep working at my job, the owners are awesome to work for, they're helpful with my business, and It doesnt infringe on my business. And it allows me to dump money into my business to grow faster.

    Just working on scaling my business for the next 6-12 months to create the cash to buy real estate.

     
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  4. Johnny Le
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    Johnny Le New Contributor Read The Millionaire Fastlane

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    Thank you for this thread, it is exactly what I need!!!
     
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  5. GuestUser153
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    GuestUser153 New Contributor

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    Envison, I am highly motivated by your mindset and process.

    Sent from my Infinix-X551 using Tapatalk
     
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  6. smiley49
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    smiley49 New Contributor

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    Envision! Thanks for inspiring so many through not only your words, but your actions. I just read through your 1-year post and I am confident that your positive mindset, productive habits, and willingness to constantly read/learn/improve will propel you towards continued progress and success. I wish you the best!
     
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  7. daru
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    daru Bronze Contributor Read The Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    Great thread and that first post is just awesome! Thank you for sharing.

    Small tip to other readers. The Growth Mindset book mentioned in first post is written by Carol Dweck if you have trouble finding it. That book changed my life along with The Millionaire Fastlane and A Guide to the Good Life (stoicism).
     
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  8. Envision
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    Envision Gold Contributor Read The Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass Summit Attendee

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    Update:

    Got a second duplex under contract and should close at the end of July.

    Purchase price $265k its a 3/2 on both sides with rents that should come to $1200. It allows me to live for free and with the current market Im in its as good as deals get around here. The duplex I bought when I was 20 for $157k is now worth $240k for reference.

    Co-founded a new company with my roommate selling computer hardware in the cryptocurrency space. Had our first sale yesterday for $4500.

    My original business is doing well and growing despite being in the slow season.
    [​IMG]
     
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  9. D.I.Schuyler
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    D.I.Schuyler New Contributor Read The Millionaire Fastlane

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    Thanks for telling your story and sharing the gold nuggets! I just registered today, and I am really excited. I am excited because I have the opportunity to surround myself with people who all want to change for the better. If you don't know where to look, it's like searching for a needle in an haystack.
     
  10. diegorueda
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    Pure GOLD. Thanks for sharing it @Envision, I will keep tracking of your updates.

    It's a great inspiration for me. I also joined the Forum a year ago, but I have started this week to really use it. I'm shocked with the amount of great advice and inspiration here. Currently I'm focused in my social skills (for me stay isolated to work was easier than partying) and also in game (from a honest living perspective). But working on the side with the fastlane mentality.

    Your story has inspired me in the sense of the lot of great things you can accomplished in just one year when you choose right. The part of choosing the right people to hang out it's crucial.

    Thanks man!