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I read the Fastlane Millionaire about 3 months ago, and my worldview was changed. Or rather, it was reset to a previous version I had years ago.
During the last 3 years, I've been stuck in the slowlane. I come from a poor family and a dad who cannot manage money for his life. He is at once the most intelligent and the dumbest person I know - both inpersonated in the same body. His intelligence enables him to earn a lot of money (though in the slowlane). His financial stupidity and lack of business acumen, however, makes him waste all his money on ridiculous projects. He is more interested in changing the world according to his own standards, than fulfilling needs.
Anyway, about 7 years ago, a couple of my friends started [online pizza dot se] (I don't want to make it searchable since I'm writing about others so I'm not writing the URL but you will find it if you search the above on Google). The idea is basically to connect independent pizzerias through an online system, enabling consumers to order pizza online.
While their friends (including me) went on with our slowlane lives (though successfully - according to slowlane standards), they stayed put in their cheap student apartments, earning almost nothing, sweating to make their business grow. They ignored the calls of their friends telling them to give it up and get "real jobs". While everybody else were out partying with the slowlane money they earned, my friends stayed at home, working.
7 years later, this week (you can read about it all over the Swedish newspapers if you Google it), they sold their business - for over 35 million USD - making my three friends millionaires.
I was incredibly inspired by their achievement. Having just read the Fastlane Millionare, and then seeing this happen to close friends of mine, was a real wake-up call and an amazing feeling. It felt like destiny somehow - like the perfect storm, dragging me into the fastlane.
I have been tip-toeing around the Fastlane lifestyle for a couple of months now. Taking a small step with my "whythiswhythat" domain (that I wrote about in another thread), but still not really taking the full step.
Today, I am in a crossroad. I have been working for a small startup, with sales and Internet marketing, establishing their Internet marketing strategy from scratch, to date giving them over 15 million USD in pipeline that is actively chased by the sales team. But I have got nothing for it but my normal slowlane salary. At the same time, I have been offered another slowlane job in sales, with more money, in a warmer country.
When I told my current manager (the CEO) that had this offer and had basically decided to take it, he said that they are going to issue share options to the employees. The options would be worth 5-10% of the company's value, shared between 30 employees, and they are projecting that the company will grow to 500 million dollars in value and be sold to a big player like Microsoft or Google in 4 years.
Assuming that the company reaches its projections, this would equal up to 500 million x 0.1 / 30 = 1.6 million USD. This may be a bit optimistic - more realistically, let's say the company achieves half its goal (250 mil in value) and the employees are given 5% in share options. This would equal 250 million x 0.05 / 30 = 0.4 million USD.
This is not exactly fastlane, but it is not bad either. Also, this job provides more contact with various investors that are in our board that can be useful contacts in the future.
If, on the other hand, I were to choose my other option - the new job - I would be working less, get paid more, and be able to use the money to invest. I would leave my current job with glorious references, and be able to return in the future (less the share options probably though, since I would have lost out on the value increase by then). I would have more free time to work on a fastlane business at the side.
I feel that choosing the new job will offer more opportunities to work in the fastlane immediately, by doing it on weekends and evenings. But staying on my current job offers the share options.
I have to make the choice within a week or so... And should I make the choice to switch jobs and work on my fastlane ideas at the side, I will be writing about them here. Should I stay with my current company, though, I'll probably put all my energy into making everything I can to make the company successful (since having the share options would give me a feeling of "ownership" over the company).
During the last 3 years, I've been stuck in the slowlane. I come from a poor family and a dad who cannot manage money for his life. He is at once the most intelligent and the dumbest person I know - both inpersonated in the same body. His intelligence enables him to earn a lot of money (though in the slowlane). His financial stupidity and lack of business acumen, however, makes him waste all his money on ridiculous projects. He is more interested in changing the world according to his own standards, than fulfilling needs.
Anyway, about 7 years ago, a couple of my friends started [online pizza dot se] (I don't want to make it searchable since I'm writing about others so I'm not writing the URL but you will find it if you search the above on Google). The idea is basically to connect independent pizzerias through an online system, enabling consumers to order pizza online.
While their friends (including me) went on with our slowlane lives (though successfully - according to slowlane standards), they stayed put in their cheap student apartments, earning almost nothing, sweating to make their business grow. They ignored the calls of their friends telling them to give it up and get "real jobs". While everybody else were out partying with the slowlane money they earned, my friends stayed at home, working.
7 years later, this week (you can read about it all over the Swedish newspapers if you Google it), they sold their business - for over 35 million USD - making my three friends millionaires.
I was incredibly inspired by their achievement. Having just read the Fastlane Millionare, and then seeing this happen to close friends of mine, was a real wake-up call and an amazing feeling. It felt like destiny somehow - like the perfect storm, dragging me into the fastlane.
I have been tip-toeing around the Fastlane lifestyle for a couple of months now. Taking a small step with my "whythiswhythat" domain (that I wrote about in another thread), but still not really taking the full step.
Today, I am in a crossroad. I have been working for a small startup, with sales and Internet marketing, establishing their Internet marketing strategy from scratch, to date giving them over 15 million USD in pipeline that is actively chased by the sales team. But I have got nothing for it but my normal slowlane salary. At the same time, I have been offered another slowlane job in sales, with more money, in a warmer country.
When I told my current manager (the CEO) that had this offer and had basically decided to take it, he said that they are going to issue share options to the employees. The options would be worth 5-10% of the company's value, shared between 30 employees, and they are projecting that the company will grow to 500 million dollars in value and be sold to a big player like Microsoft or Google in 4 years.
Assuming that the company reaches its projections, this would equal up to 500 million x 0.1 / 30 = 1.6 million USD. This may be a bit optimistic - more realistically, let's say the company achieves half its goal (250 mil in value) and the employees are given 5% in share options. This would equal 250 million x 0.05 / 30 = 0.4 million USD.
This is not exactly fastlane, but it is not bad either. Also, this job provides more contact with various investors that are in our board that can be useful contacts in the future.
If, on the other hand, I were to choose my other option - the new job - I would be working less, get paid more, and be able to use the money to invest. I would leave my current job with glorious references, and be able to return in the future (less the share options probably though, since I would have lost out on the value increase by then). I would have more free time to work on a fastlane business at the side.
I feel that choosing the new job will offer more opportunities to work in the fastlane immediately, by doing it on weekends and evenings. But staying on my current job offers the share options.
I have to make the choice within a week or so... And should I make the choice to switch jobs and work on my fastlane ideas at the side, I will be writing about them here. Should I stay with my current company, though, I'll probably put all my energy into making everything I can to make the company successful (since having the share options would give me a feeling of "ownership" over the company).
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