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MJ DeMarco
I followed the science; all I found was money.
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To the guys like MJ, Russ, Steve, now that you have $5 million +, how are you revising your plan to build wealth. It took you X amount of time to accumulate your wealth. Now that you have that money built up, it will be easier to build more wealth, but will your plan change since you will have the ability to accumulate it a lot faster. Example, like with MJ, you have mentioned you can start web businesses with pretty much no capital. Well, how will your plans change now that you have $5 million + to work with to accelerate the growth of your money? I assume you won't do the same things the same way, since you will be able to leverage and grow your money a lot faster.
So basically, what are your goals now that you've gotten out of the rat race? $20 million, $50 million, $100 million? Or are you just happy to be done.
If you do have aspirations do reach much higher financial goals, how are you revising your plans to accelerate the speed based on not having to accumulate your initial "nestegg" of several million? How are you taking your 7 figure net worths and going to mid 8's and potentially a 9 figure net worth?
Right now my plan is to chill out, write, and take a breather. My future goals are tied to achievements, not money. However, money is an offspring from accomplishing those achievements.
My near-term goal is simply to finish and publish my book. The next goal is to sell a meager 100 copies. The ultimate goal is to sell millions and become a NY Times best selling author. Will that make me a few million dollars? I have no idea. Its not the money; but the goal. Money is a byproduct of the goal. If I don't hit the goal, oh well, I become an author, help hundreds, maybe thousands of people, and make a few friends in the process. I also have a goal of becoming a Hollywood screenwriter.
A significant hurdle in making money is to stop thinking about making money -- and start thinking about others. When you help others solve their problems, whether its giving them hope or making something easier, you find that money follows. The amount of $$$ you earn is a function of how many lives you are touching.
If you can take one tidbit of lifelong advice from this forum, its the next paragraph.
Being out of the rat race gives me the freedom to pursue these goals -- however the goal IS NOT THE DREAM. The real dream is the pursuit -- and its exclusive of success or failure. Let me repeat that ... the REAL DREAM IS THE PURSUIT, THE JOURNEY -- the end result of this pursuit is inconsequential and irrelevant; the act of pursuit, the journey, is the dream itself.