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EXECUTION The Double My Money Thread: $1k to $2k.

Discussion in 'Progress/Execution Threads' started by TheDillon__, Feb 26, 2018.

  1. TheDillon__
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    TheDillon__ Silver Contributor Read Millionaire Fastlane Speedway Pass

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    Hey all! This post is fairly long. Skip to the *TL;DR* if you're wanting the no-frills version!

    -----

    I spend most of my time as a teacher-to-be.

    No, I'm not in school for education.

    No, I don't plan to go teach history to 11th graders.

    However, I do believe in growth and development in the age of the internet.

    Four years ago I wanted to learn a language. I researched my tools, dove right in, and started teaching myself German. For seven months I went above and beyond to try and speak German every day, until I took my high-school level proficiency test. I didn't want to sit in a boring class every day and take home five pounds of homework - I can just teach myself!

    For seven months I studied. I labored. I worked.

    Test time came. I won.

    I tested out of two years' worth of classes, and ended up enjoying the teacher so much that I ironically took his German 3 class that very semester! It was then that he informed me about a statewide German-speaking competition. Much like the school, it was divided in ranks from easiest to hardest: Levels 1, 2, 3, and 4. Curious but confident, I entered. The competition was two weeks out - the only way I could prepare any further was through learning a few new vocabulary words, which I may or may not even get to use during the test. All that I had to rely on was my current level of skill and apprehension.

    Then, as quick as a blink, testing day came. I sat down with my snack and my water bottle, set everything by my feet, and I put a pencil onto paper. Four hours and two bathroom breaks later - time was up. I flipped my papers over, and set down my pencil - readying myself mentally for two weeks of waiting until I got the results.

    .

    .

    .

    Gold.

    After seven months of teaching myself my first foreign language, I'd placed Gold, first place, across every other participant in the Level 2 category across the entire state of Texas. In Level 3 - bronze. I wore a confident smile that day - for that was a real benchmark that showed me that the self-starter can achieve via diligence, perseverance, and work.

    This went on to repeat itself over several facets of my life.

    I got tired of being single and kinda lonely. Diligence, perseverance, work. I met a wonderful girl with whom I grew and spent the next two years of my life with. We'd split recently, only due to simply being at different points of our lives. We maintain a friendship (and a mutual love for our little puppy) to this day.

    I didn't want to go to college. I also didn't want to pull shots of espresso for the remainder of my adult life. I started learning Python - a programming language I wanted to use to build websites. Four months later, I'm glad to call a relative celebrity of the Python community a personal mentor and friend of mine. I have been blessed enough for him to invite me to collaborate on personal projects, and have him show me the ropes of how web development really works.

    As evidenced by other areas in my life, I knew that the cliche of "anything is possible" had a firm basis in reality.

    **TL;DR**

    Interestingly enough - I noticed that I never applied this same thought process towards the one area of my life that, potentially, matters the most! My entrepreneurship.

    With all other areas of my life - I only had one thing on the line. My time. I was free and able to donate this to as many areas as I wanted. I'm young! I've got a lot of it left! (Unless I get hit by a bus tomorrow, catch pneumonia, get bit by a venomous spider, or whatever else.)

    I never realized that all this time I was scared to bet my own damn dollars.

    Well now that I've come to this realization, that's time to change!

    I've got just under $1000 sitting in my bank right now. Fortunately, I'm back at home with my parents, and free of major expenses like rent, utilities, and groceries.

    My goal is simple. Take this $1000, turn it into $2000.

    How do I plan to do this? We'll see! This post begins planning.

    Perhaps I jump into the buy/sell retail-resale life of Ebay. Buying goods for a low price, selling them at a profit.

    Perhaps I jump on the Shopify dropshipping hype-train (though I feel this has been done to death.) Perhaps I join a dropshipping network in order to diversify my products a bit! (@Andy Black - I could use some training on long tail keywords ;) )

    Perhaps I build a course website and sell language lessons online.

    Perhaps I lease a lamborghini for half an hour and teach people the ultimate secrets of success for the low low price of $97.99 to buy my pdf!

    Let's see what happens.
     
    Mr.C, Genius01, wpendleb and 15 others like this.
  2. ZCP
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    ZCP Legendary Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Nice!
     
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  3. TheDillon__
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    TheDillon__ Silver Contributor Read Millionaire Fastlane Speedway Pass

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    Thanks for the rep! (And the idea to make this post. ;) )
     
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  4. TheDillon__
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    TheDillon__ Silver Contributor Read Millionaire Fastlane Speedway Pass

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    Current Budget: $1,000.

    First step: Join the Insiders. $60.

    Remaining funds: $940.

    There's a lot of value in the inside. I'm sure this will pay for itself.
     
    Genius01, Xeon, Andy Black and 4 others like this.
  5. TheDillon__
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    TheDillon__ Silver Contributor Read Millionaire Fastlane Speedway Pass

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    @MJ DeMarco Hey man! Pardon the ping. Going to be going into some detail on my execution - can I get this moved to the Inside?
     
    Xeon likes this.
  6. TheDillon__
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    TheDillon__ Silver Contributor Read Millionaire Fastlane Speedway Pass

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    New Purchase: "Cashvertising" by Drew Whitman ($12)

    Remaining Budget: $928.

    Reason: At the genesis, getting business ideas was my weakest skill. Then I read MFL.

    Then, getting people to visit my business was my weakest skill. So I bought @Andy Black's course (phenomenal - do check it out), and learned AdWords.

    Now, when people are here, I draw a blank and don't know what to say! This book comes highly recommended in teaching the art of Copywriting.

    Edit: Really interesting article from the author on the why of copywriting. Really wish I found this four years ago!
     
    Last edited: Feb 26, 2018
  7. AgainstAllOdds
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    AgainstAllOdds Legendary Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

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  8. Tommo
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    Tommo Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    D
    Du hast gut getan Junge. Lol
     
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  9. TheDillon__
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    TheDillon__ Silver Contributor Read Millionaire Fastlane Speedway Pass

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    Hah, dankschön Alter! Hat viel Versuch gebraucht, aber wir werden einfach durch schweren Arbeit gewinnen oder?
     
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  10. rogainer
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    rogainer 10 2 10 FASTLANE INSIDER Speedway Pass

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    Saw your other thread. Crypto was a bad idea. This is a good idea. You just drastically altered your success probability.
     
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  11. Tommo
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    Tommo Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    Unglaublich gut gesagt. Ich habe eine ganze menge Deutsch vergessen. Bin selbst gelernt.

    Best way to double your money is fold it in half and put it back in your pocket.

    I wish you well with your venture.
     
    Janeter1nADrum, Mr.C, Xeon and 3 others like this.
  12. TheDillon__
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    TheDillon__ Silver Contributor Read Millionaire Fastlane Speedway Pass

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    Meh.
     
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  13. TheDillon__
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    TheDillon__ Silver Contributor Read Millionaire Fastlane Speedway Pass

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    Haha - well said. Thank you.

    Viel Glück!
     
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  14. MHP368
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    MHP368 Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    watching.
     
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  15. TheDillon__
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    TheDillon__ Silver Contributor Read Millionaire Fastlane Speedway Pass

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    Don't get your hopes up - I'm a disappointment! :smile:
     
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  16. MHP368
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    MHP368 Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Idk , I took Spanish 101 5 times and all I can do is start a bar fight, high school German in 7 months? I think you got this :hilarious:
     
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  17. TheDillon__
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    TheDillon__ Silver Contributor Read Millionaire Fastlane Speedway Pass

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    Hah! My man.

    If you're ever drunk, trapped in the cultured brick walls of Madrid, Spain, and you need to get your way out of a bar fight, I can teach you how to speak fluent Spanish in 3 months.
     
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  18. Alex Nolte
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    Alex Nolte Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER

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    Looking forward to your progress!

    Btw why are you writing in german lol?

     
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  19. TheDillon__
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    TheDillon__ Silver Contributor Read Millionaire Fastlane Speedway Pass

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    You read the thread right? ;) I'm assuming they just saw something we had in common and wanted to build some rapport with it. Harmless stuff
     
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  20. Alex Nolte
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    Alex Nolte Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER

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    Ah jetzt hab ich's verstanden danke ;)
     
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  21. AlessioLC
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    AlessioLC Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    Is there a deadline to your 'challenge' ?
    You could flip stuff from wholesale or asking friends if they have anything they don't use anymore.

    Just try Offline arbitrage first then if you like it...build a website/dropshipping/amazon.
    I'm myself trying to get confortable with selling on Amazon / Ebay everything and anything, from shoes i bought but never use or just an item that i use 2/3 times.
    Btw, i agree copywriting is necessary.
     
    Last edited: Feb 28, 2018
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  22. TheDillon__
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    TheDillon__ Silver Contributor Read Millionaire Fastlane Speedway Pass

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    Jein? There's no solid deadline per se, but I don't plan to sit on my a$$.

    I don't want to set a deadline and "miss it" because my manufacturer ran into some weird issue or shipping times are longer than I expected.

    Rather - set rules. I have two ideas I'm debating right now, and they both have fleshed out action plans. I might split the 1k down the middle and try both. (Unless the first turns sustainable, in which case, sweet!)
     
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  23. minivanman
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    minivanman Gold Contributor Speedway Pass

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    I'm all for the quick turn-around. For what you want to do Amazon/Ebay is slow lane.

    Put your stuff on 5Miles/OfferUp/Market Place/Craigslist/LetGo and see a return on your money TODAY! List it on all of them, no need to try 1.... it only takes 2 minutes to list so you will have 10 minutes tied up in listing today and by bedtime you can have a return on your money if you have a good ad with great pictures.
     
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  24. AlessioLC
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    AlessioLC Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    All right , let's see what you got !
     
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  25. TheDillon__
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    TheDillon__ Silver Contributor Read Millionaire Fastlane Speedway Pass

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    Purchase: Recipe guide from Simnett Nutrition ($14)

    Health matters. Your brain is a muscle and a functioning member of your body. Strong body, strong mind. C'est ça. Really respect this guy, his journey, his work. Glad to pick this up!

    Remaining Budget: $914

    ____

    Unrelated note. Thought of a horribly underserved niche I'm severely interested in. Entry is gonna be toooooough but it will pay off.

    With that - I'm off to read @SinisterLex's entire post history. Very excited to start learning about copywriting!
     
    Last edited: Feb 28, 2018
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