The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

INTRO Migwell180's Intro

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

Migwell180

PARKED
Feb 23, 2020
1
0
1
CA
Hello everyone,
First off I must admit that I am in the process of reading The Millionaire Fast lane. As of this posting I'm on Ch 14, I read a little bit everyday. I'm a CPA and I have always had an interest in saving money and investing it. As I grew older I started being able to save over 50% of my (after tax) income and investing a lot of it in index mutual funds. My net worth has been going up and up but despite how happy I was to see it grow it still wasn't growing as fast as I wanted it to (only about 2k per month). So I set out to find ways to increase my income from my job and find other investments that returned a higher return than my large cap index mutual funds. So I worked hard at my job, asked and received an 8% raise and found that if I bought small cap index stocks when they were performing poorly and planned to keep them for the long run I would be able to get a much higher return. I also started reading books like the millionaire next door, Think and Grow Rich, and a few others. Now that I'm reading TMFL I realized that I'm more or less in the slow lane.
My issue that I face now is that I haven't been able to find a passive income idea that I want to pursue. I want to start off small, with maybe 30 minutes per day and a 1,000 or less money down. I want to get a feel for the business I'm creating at a small scale, learn it at a small scale to minimize loses and impacts of errors and once I get a good handle on it then I would start to dedicate more time and effort into it and grow it with the final goal of turning it passive. However, while there's a decent amount of ideas out there I haven't been able to pick one that I see myself doing for the long run.

Any suggestions or advice is greatly appreciated. Thank you!
 

Don't like ads? Remove them while supporting the forum. Subscribe.

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Sponsored Offers

  • Sticky
MARKETPLACE Fox's Web Design Guide: Earn $100K this year (Yes, 2020!) and Go Fastlane
Just had a personal highlight of the program so far - @GuitarManDan gave a one hour Zoom talk on...
  • Sticky
MARKETPLACE How To Create A 100K-1M+ Sales Funnel
While this is a marketplace post marking the re-launch of my popular course “5-Steps to Create a...
  • Sticky
MARKETPLACE KAK’s “Kill Bigger” Incubation Program- With DAILY personal attention.
Received, and I replied ;) Hope you will take out more protegesss soon ;)
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
This is your May reminder that you can do this. I'll keep it short. These are the May promos...
  • Sticky
MARKETPLACE Grow Your Business With a Book (An Unorthodox Marketing Strategy That Built One of the Largest...
Thanks! This is a cool idea, actually. I would like to use your experience as I heard that these...
  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
would this be available in paper version? I know it's short, but most of my family is...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Here is where you eliminate uncertainty from the future! I wanted to post this image as I...


Visit A Forum Sponsor
sponsor

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

More Intros...

Top Bottom
AdBlock Detected - Please Disable

Yes, ads can be annoying. But please...

...to support the Unscripted/Fastlane mission (and to respect the immense amount of time needed to manage this forum) please DISABLE your ad-block. Thank you.

I've Disabled AdBlock