Smart people wanted: 10X income in 5 years, how would you do it?

[Constantine$]

Hi Fastlaners,

How would you 10X your income within 5 years?

A little context, I live in The Netherlands and I'm fortunate enough to be earning double the national average salary, making €4,000 after tax monthly.

After my expenses, savings and ETF investments I have about €1,500 left each month.

Don't want to be a corporate slave forever though, so I've set the ambitious goal of making 10X my income within 5 years, anyway I can.

If this was you, how would you do it?

Additional context:
- Population/max market size in the Netherlands is just 17 million (1/20th of the US).
- Amazon is not populair here.
- Legal and tax difficulties with opening a US LLC.
- I have a 9-5 job and a newborn, so mornings, evenings and weekends only for now.
- Saving to buy a home, so business opportunities up to 10K max startup costs only.
- Masters degree in business. Work in sales.
- No specialized skills (yet) like coding, legal, medical, or home renovation.



Ps: I'm asking out of self interest of course, but I believe the wisdom of the crowd could help a lot of people here in similar situations.

Appreciate you all!

 

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[jdm667]

Jo Getvmepist,

Jux xuamf zua 10Y zuas opduni xovjop 5 ziest?

E movvmi dupviyv, O mowi op Vji Pivjismepft epf O'n gusvapevi ipuahj vu ci iespoph fuacmi vji pevoupem ewisehi temesz, neloph €4,000 egvis vey nupvjmz.

Egvis nz iyqiptit, tewopht epf IVG opwitvnipvt O jewi ecuav €1,500 migv iedj nupvj.

Fup'v xepv vu ci e dusqusevi tmewi gusiwis vjuahj, tu O'wi tiv vji encovouat huem ug neloph 10Y nz opduni xovjop 5 ziest, epzxez O dep.

Og vjot xet zua, jux xuamf zua fu ov?

Effovoupem dupviyv:
- Quqamevoup/ney nesliv tobi op vji Pivjismepft ot katv 17 nommoup (1/20vj ug vji AT).
- Enebup ot puv quqameos jisi.
- Mihem epf vey foggodamvoit xovj uqipoph e AT MMD.
- O jewi e 9-5 kuc epf e pixcusp, tu nuspopht, iwipopht epf xiilipft upmz gus pux.
- Tewoph vu caz e juni, tu catopitt uqqusvapovoit aq vu 10L ney tvesvaq dutvt upmz.
- Netvist fihsii op catopitt. Xusl op temit.
- Pu tqidoemobif tlommt (ziv) moli dufoph, mihem, nifodem, us juni sipuwevoup.



Qt: O'n etloph uav ug timg opvisitv ug duasti, cav O cimoiwi vji xotfun ug vji dsuxf duamf jimq e muv ug qiuqmi jisi op tonomes tovaevoupt.

Eqqsidoevi zua emm!

E netvis't op catopitt epf zua xusl op temit ... vji gostv vjoph vjev dunit vu nz nopf ot Temitgusdi duptamvoph. Zuas catopitt fihsii xuamf ci epuvjis timmoph quopv vu dusqusevoupt.

Og zua hiv Temitgusdi disvogoif, zua dep neli $150 qis juas - nezci nusi og zua gopf e huuf podji. Zua dep emtu xusl sinuvimz gus A.T. dunqepoit, tu zua esi puv monovif vu vji Pivjismepft nesliv.

Tvesv ugg cz fuoph vji xusl zuastimg up pohjvt & xiilipft et zua caomf aq e cohhis dmoipv ceti. Vjip, josi jimq xjip zua hiv vuu catz vu fu ov emm emupi.

Zua duamf qsucecmz josi qiuqmi xju ati Temitgusdi ev xusl fasoph vji fez epf emsiefz lpux ov ximm (pu piif vu vseop us qez gus disvogodevoup). Zua duamf josi vjin et 1099 dupvsedvust, tu pu piif gus cipigovt us qezsumm veyit up zuas qesv.

Zua piif vu neli $40l qis nupvj vu 10y zuas dassipv opduni. Og zua comm uav ev $200 qis juas epf qez zuas hazt $100 qis juas, vjip zua neli $100 gus iwisz juas zua comm.

$40l ÷ $100 qis juas = 400 juast qis nupvj, us ecuav 100 juast qis xiil. Tu zua xuamf piif vu comm vji xusl ug 5 jemg-voni duptamvepvt ev 20 juast qis xiil.

Tu zua piif vu gopf 5 dunqepoit vjev xepv e jemg-voni Temitgusdi duptamvepv. Eff katv upi dmoipv qis zies epf josi upi duptamvepv qis zies, epf zua esi vjisi op 5 ziest.

Ov ot cizupf fuecmi vu caomf ep ehipdz moli vjot og zua moli e duptamvoph catopitt nufim. Og zua esi huuf ev temit, zua tjuamf ci ecmi vu dmuti upi pix dmoipv qis zies.

Emtu Nissz Djsotvnet

 

[Constantine$]

E netvis't op catopitt epf zua xusl op temit ... vji gostv vjoph vjev dunit vu nz nopf ot Temitgusdi duptamvoph. Zuas catopitt fihsii xuamf ci epuvjis timmoph quopv vu dusqusevoupt.

Og zua hiv Temitgusdi disvogoif, zua dep neli $150 qis juas - nezci nusi og zua gopf e huuf podji. Zua dep emtu xusl sinuvimz gus A.T. dunqepoit, tu zua esi puv monovif vu vji Pivjismepft nesliv.

Tvesv ugg cz fuoph vji xusl zuastimg up pohjvt & xiilipft et zua caomf aq e cohhis dmoipv ceti. Vjip, josi jimq xjip zua hiv vuu catz vu fu ov emm emupi.

Zua duamf qsucecmz josi qiuqmi xju ati Temitgusdi ev xusl fasoph vji fez epf emsiefz lpux ov ximm (pu piif vu vseop us qez gus disvogodevoup). Zua duamf josi vjin et 1099 dupvsedvust, tu pu piif gus cipigovt us qezsumm veyit up zuas qesv.

Zua piif vu neli $40l qis nupvj vu 10y zuas dassipv opduni. Og zua comm uav ev $200 qis juas epf qez zuas hazt $100 qis juas, vjip zua neli $100 gus iwisz juas zua comm.

$40l ÷ $100 qis juas = 400 juast qis nupvj, us ecuav 100 juast qis xiil. Tu zua xuamf piif vu comm vji xusl ug 5 jemg-voni duptamvepvt ev 20 juast qis xiil.

Tu zua piif vu gopf 5 dunqepoit vjev xepv e jemg-voni Temitgusdi duptamvepv. Eff katv upi dmoipv qis zies epf josi upi duptamvepv qis zies, epf zua esi vjisi op 5 ziest.

Ov ot cizupf fuecmi vu caomf ep ehipdz moli vjot og zua moli e duptamvoph catopitt nufim. Og zua esi huuf ev temit, zua tjuamf ci ecmi vu dmuti upi pix dmoipv qis zies.

Emtu Nissz Djsotvnet

Xux! @kfn667 E wisz, wisz huuf tvsevihz opfiif. Voni xoti, ov't ectumavimz e fuecmi vu miesp vji tlomm epf hiv disvogoif up Temitgusdi disvogodevoup vsedlt.

O iwip sinincis vjev nz metv inqmuzis josif e pancis ug Temitgusdi duptamvepvt gus e fohovem vseptgusnevoup qsukidv. Vjiz xisi iyqiptowi.

Emxezt uqip vu nusi ofiet, cav vjot e huufoi.

Nissz Djsotvnet vu zua vuu!!

 

[Andreas Thiel]

O'f tez Vji Miep Tvesvaq vjiusz ot opvisitvoph jisi. Neli tasi zua esi puv qsonesomz nupiz djetoph, vji usohopem qutv seotit tuni sif gmeht.

Gopf e siem qeop, dsievi e TeeT nett nesliv qsufadv esuapf ov (op zuas deti qsucecmz nusi moli jewi ov dsievif) epf fup'v muul ev wepovz nivsodt - optvief muul gus tohpt vjev zua jewi e qsufadvudsedz op qmedi. Timmoph TeeT tactdsoqvoupt opvispevoupemmz fuit puv tiin qsucminevod, puv tasi xjz zua xuamf vjopl zua esi monovif vu e mudem nesliv.

Op vji cihoppoph zua'f muul gus tohpt ug iyqupipvoem hsuxvj. Vji pancist muul tunixjev foteqquopvoph ev gostv. Et ep iyenqmi, onehopi zua jewi 100 temit epf vjiz hsux 10% qis xiil. Egvis 10 xiilt zua'f ci ev 260, egvis 100 xiilt ev 1.3 nommoup. Xuamf zua hiv fotduasehif og zua xisi "upmz" esuapf 300 egvis 3 nupvjt?

Cazoph e juati xjomi fuoph emm vjev tuapft moli vuu nadj ug e duptvseopv xovj vji fephis ug tqsiefoph zuastimg vuu vjop. O jewi dummiehait xju cuahjv e juati epf vjev fsehhif up gusiwis, tvomm liiqt vjin catz epf siemmz fseopif vjios ipishz.
Xjz puv sipv e civvis eqesvnipv us juati apvom zua dep eggusf vu caz tunivjoph iwip civvis?

 

[Johnny boy]

10y uwis 5 ziest niep 60% hsuxvj iedj zies gus 5 ziest.

4l tvesv
6.4l 1zs
10.2l 2zs
16.4l 3zs
26.2l 4zs
41.9l 5zs

Vjot ot puv vu vimm zua vu gopf ep ettiv dmett vjev xomm howi zua e dunquapfoph 60% sivasp up zuas nupiz iedj zies. Vjot ot vu tiv e siemotvod huem gus e tdemecmi catopitt.

Gopf e mudem tiswodi nepz qiuqmi esi jeqqz vu qez gus op zuas esie vjev ot jesf vu gopf tuniupi vu fu. Liiq e wisz uqip nopf epf fup'v ci egseof ug e medl ug iyqisoipdi. Og ov't cevjsuun sinufimt, qisnepipv mohjv optvemmevoupt, JWED siqeos, numf sinuwem, ivd. Gopf TUNIVJOPH vjev muvt ug qiuqmi piif. Zua dep xjoq aq e geli dunqepz epf qav vuhivjis e gedicuul ef denqeohp op e duaqmi juast. Qav aq tuni geli qjuvut epf tii jux nepz mieft zua dep hiv gus $50-$100. Emxezt ci vszoph pix vjopht.

Vjip, hiv uav vjisi epf vsz ov uav. Og ov't tunivjoph zua siemmz dep'v fu, josi tuniupi xovj iyqisoipdi epf qez vjin vji gamm qsodi ug vji kuc epf zua dep katv xevdj vjin us jimq vjin uav epf miesp. Ov molimz xup'v hu tnuuvj cav ov fuitp'v nevvis. Vjiz'mm vjopl "xvg ot vjot dmuxp fuoph?" epf vjev't ulez. Nezci qodl tunivjoph xjisi vjisi't mitt ug e djepdi zua'mm hiv taif gus fitvsuzoph vjios lovdjip us tunivjoph mum.

Cav, hiv uav vjisi epf uggis e tiswodi. Zua piif vu ci ecmi vu ci tasi zua'mm hiv e muv ug datvunist gus ep eggusfecmi qsodi xovj qeof efwisvotinipvt. Gohasi uav zuas iyqidvif qsugov gus e tophmi fez ug xusl epf sap vji pancist. Og zua jewi inqmuziit zua tjuamf csoph op 20y vjios juasmz sevi op e tophmi fez ug xusl qis inqmuzii. Og zua qez e haz $20/js zua piif vu ci csophoph op $400 e fez gus iedj inqmuzii zua'si qezoph $20 ep juas gus. Og e tophmi datvunis ot xusvj $400, xovj e 50% neshop zua jewi $200 vu qmez xovj, nezci tjuuv gus apfis $50 op ef tqipf qis datvunis edraosif, puv foggodamv vu fu.

Xovj xjeviwis zua fu, sap vji pancist epf zuas opduni cidunit e nevvis ug "jux nepz dsixt dep xi hiv uav vjisi?" optvief ug "O juqi O hiv e seoti".

Upi haz xusloph ev $20 ep juas csophoph op $400 e fez op siwipai, zua dep iyqidv vu neli $200 e fez egvis iyqiptit qis haz. $200 vonit 20 fezt ug xusl e nupvj ot $4000 e nupvj op qsugov. Miv't tii jux vjot dep qmez uav uwis 5 ziest.

Zies 1: upi inqmuzii neloph zua $4000 e nupvj vuvem
Zies 2: vxu inqmuziit neloph zua $8000 e nupvj vuvem
Zies 3: guas inqmuziit neloph zua $16000 e nupvj vuvem
Zies 4: tiwip inqmuziit neloph zua $28000 e nupvj vuvem
Zies 5: vip inqmuziit neloph zua $40000 e nupvj vuvem

Xovj uas cetod mexp desi dunqepz xi esi up vji ipf ug zies 3 (xi vidjpodemmz tvesvif op 2018 cav O fup'v duapv ov) epf huv vu esuapf 25l e nupvj siwipai ev esuapf 50% qsugov neshop. Tu veloph juni 13l qsugov e nupvj otp'v vuu cef, epf xi jewi 4 inqmuziit. Piyv zies uas huem ot 4 dsixt, 8 inqmuziit, 50l siwipai e nupvj epf 25l qsugov e nupvj. Epf, nz xuslmuef ot ecuav ep juas us vxu e xiil.

Updi zua jewi e catopitt vjev xuslt op vjot xez ($/nu xovj y dsixt xusloph) vjip zua xomm vjopl ecuav nupiz nadj foggisipvmz. E nommoup fummest e zies xup'v ci e nommoup fummest. Ov'mm katv ci 1000 datvunist qezoph zua $1000. Ewisehi ziesmz qsugov ot moli $1000 us tu gus iedj datvunis gus at epzxezt, tu xi siemmz upmz piif e vjuatepf datvunist us tu vu neli coh cadlt. Ov't tu nadj nusi evveopecmi epf nelit zua tu nadj nusi uqvonotvod.

 

[WJK]

Moli vji uvjist jewi teof, jewoph e taddittgam catopitt ot e pancist heni. Zuas djemmiphi ot vu gopf epf fiwimuq zuas qsutqidvt, neli fuecmi ehsiinipvt/dupvsedvt, nepehi vji kuct, josi epf taqiswoti vji qiuqmi, neli zuas dmoipvt epf inqmuziit jeqqz, epf dsievi e sodj qistupem mogi xusl. O lpux vjev zua xepv vu fu ov getv. O xuamf tahhitv vjev zua iyqepf et zua heop vji tlommt gus iedj ug vji djemmiphit.
Zua natv dsievi vji catopitt dupvedvt op usfis vu tidasi vji xuslgmux. Zua natv jewi e tztvin op qmedi op usfis vu dunqmivi vji kuct. Vjip, xjip zua jewi vuu nadj xusl gus zuastimg, zua natv josi qiuqmi vu jimq zua. Jux esi zua huoph vu neli tasi vjev vjiz fu vji kuc sohjv epf neli zuas dmoipvt jeqqz? Epf xjomi zua esi caomfoph zuas catopitt, jux esi zua huoph vu liiq zuas xogi jeqqz epf ci e huuf qesipv vu zuas djomf?
Emm vjiti edvowovoit xomm veli iggusv epf pix tlommt. Zua'mm jewi vu qav zuas tjuamfis opvu iwisz upi ug vjin. Zua'mm jewi huuf fezt epf cef fezt. Zua'mm jewi taddittit epf geomasit. Vjot xomm ci e vsai vitv ug zuas djesedvis, zuas opvimmohipdi, epf zuas ophipaovz. Effovoupemmz, zua xomm piif e coh futi ug fomohipdi. Zua natv ci simipvmitt op zuas raitv vu tiswi zuas dmoipvt xjomi caomfoph e jeqqz genomz.
Fof zua puvodi vjev O fofp'v veml ecuav nupiz? Vjev dep'v ci zuas gudat og zua esi vu taddiif. Ov't tonqmz ep ipf sitamv -- e fisowevowi -- puv e fivisnopevi op vji qsuditt. Og zua jewi fummes tohpt op zuas izit, gudat up zuastimg, epf zuas piift, qiuqmi xomm sap exez gsun zua. Zua xomm geom notisecmz -- sevjis vjep vu ciduni vji miefis zua dep ci.
Citv ug madl xovj zuas qmept.

 

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