The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  • Sell-Me Saturday is Now Live!

    Have something to sell? Want to promote your design service or a YouTube channel? SELL-ME SATURDAY is your opportunity to self-promote anything within the sphere of entrepreneurship on one thread... and at no cost. Go There
    Note: Indiscriminate SEO backlinking to questionable material is not allowed.
  • Join 50,000+ entrepreneurs who are earning their freedom and living their dream.

    "Fastlane" is an entrepreneur discussion forum based on The C.E.N.T.S Framework outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED®). From multimillionaires to digital nomads to side hustlers who are grinding a job, the Fastlane Forum features real entrepreneurs creating real businesses with one goal in mind: Freedom— both financial and temporal.

    Download (Unscripted) Download (Millionaire Fastlane) Register
    Registering for the forum removes this block.

*UNSCRIPTED* What's your focus? Making pennies? Or Millions?

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

  • Thread starter
  • Admin
  • #1

MJ DeMarco

Administrator
Staff member
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Jul 23, 2007
29,840
105,516
3,751
Fountain Hills, AZ
What's your focus?
Making pennies and changing your weekend?
Or making millions and changing your life?


Over the years I've seen a lot of threads on the forum which ask generalized investment questions.

Things such as...

"I've got $1000, how do I invest it for a good return?"
"Just saved $5K, where should I put it?"


Here, just recently:

What would you do with $1,000?
Seeking advice on my life plan

While I advocate financial literacy and basic economic knowledge as an ongoing goal, I don't advocate it as a FOCUS.

Why?

Because learning how to turn $1,000 into $1,100 in 1 year is a ridiculous waste of time and focus. $100 is an above average 10% return.

:star::star::star::star::star:
Instead you should be focused on turning $1,000 into a BUSINESS which turns into MILLIONS.
:star::star::star::star::star:

THEN, you can focus on "How do I invest the $3.5M I just got from selling my company?" into a worthwhile focus that legitimately yields meaningful returns.

Here's an example in my own life...

Here it is:

lendingclub.png

Yup, that's the dismal return in my LENDING TREE account. (Which I have now neglected for 6 months.)

Go ahead, laugh. Queue up the jokes.

Now here's the entire point I'm trying to make: When I see this sad return in my Lending Tree account, I have (2) choices --

  1. Focus on maximizing the returns and get the yield up to something better than average, say 11, 12 or 13%
  2. Ignore it and just discount the venue as an investment option.

I know I can do 1 if I just put forth the time, research, and effort into the medium.

Assuming I've invested just $10K into the venue what do you think I will do?

The answer is 2.

And this thread is why.

Why on earth would I spend countless hours trying to raise my yield in this account when its meaningful returns amounts to a few hundred dollars? On a $10,000 investment, the difference between 4.5% and 11% is a paltry $650 bucks. :bulb:

I'm not going to spend HOURS researching and dally-whacking at something when the outcome reflects a $650 return on my time -- assuming it goes well!

And since I'm not willing to risk more principle into the venue, my choice is a no-brainer.

In essence, this is a millionaire mindset where your focus isn't churning pennies, but meaningful dollars.

On the flip side, the answer could be 1 if I was willing to invest $1M into the medium. Then the difference between 4.5% and 11% comes out to an extra $5,400 per month -- a meaningful dollar amount.

Unfortunately, because LC and P2P lending is untested and still relatively new (sorry, don't trust 'em!) the answer will remain 2.

In the end, where are you focusing your effort?

Into knowledge and activities that will upgrade your life forever?
Or is your focus on the things that can upgrade your weekend temporarily?

:bulb:Focus on meaningful things that can be meaningful to your life. :party:

- MJ :cool:

For more information on HOW TO INVEST $X,000, visit here:
GOLD - The final solution to all "I have some money what do I do?" threads.
 

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

  • Thread starter
  • Admin
  • #3
OP
OP
MJ DeMarco

MJ DeMarco

Administrator
Staff member
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Jul 23, 2007
29,840
105,516
3,751
Fountain Hills, AZ

G-Man

Cantankerous Contributor
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Jan 13, 2014
1,943
10,267
2,436
I once sat in a Chase branch for over an hour because they were offering a promotion where they gave you a $100 bonus if you put at least $10k in a savings account (and kept it there for a year).

I spent an hour of my life, and locked up 10k for 12 months, trying to raise my yield from .01% to 1%.
 
  • Thread starter
  • Admin
  • #5
OP
OP
MJ DeMarco

MJ DeMarco

Administrator
Staff member
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Jul 23, 2007
29,840
105,516
3,751
Fountain Hills, AZ
I once sat in a Chase branch for over an hour because they were offering a promotion where they gave you a $100 bonus if you put at least $10k in a savings account (and kept it there for a year).

I spent an hour of my life, and locked up 10k for 12 months, trying to raise my yield from .01% to 1%.
That's excusable. You probably went there thinking it would take 10 minutes. Once it went beyond 10 minutes, then it became about a sunk cost. :smuggy:
 

Brian C.

Rolling Thunder
Speedway Pass
Apr 13, 2016
142
474
232
Massachusetts, USA
At 22, I funneled my efforts into financial literacy - namely securities.

Read books such as the infamous "Intelligent Investor," and attempted to grow the little funds I had.

While financial literacy is certainly advisable, it wasn't worth the resources I put into "achieving" it - except for the lesson learned.

You're not likely to get rich from investing in the stock market. The odds are DEFINITELY not in your favor, and there are people out there much more enlightened who are playing against you. Thinking you'll get rich quick with ANY amount of money invested in securities is a fraud. You won't.

My current view is that the wealthy don't invest in the stock market to accumulate more wealth. They simply use it as a vehicle to preserve their wealth.

As you said @MJ DeMarco , they're concerned with making millions as opposed to pennies. And once you have millions, making pennies is relatively achievable and sustainable.
 

G-Man

Cantankerous Contributor
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Jan 13, 2014
1,943
10,267
2,436
Read books such as the infamous "Intelligent Investor," and attempted to grow the little funds I had.
I couldn't make it through that one. Had some really great lines to the effect of "focus on controlling yourself rather than trying to control the market", but later on when Graham lays out what someone who consistently uses his system can expect to see in returns, I was like "Why am I gonna read this big a$$ book to make 4%"?
 

PaulRobert

Gold Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
Speedway Pass
May 15, 2009
1,024
1,492
449
27
New Jersey
I've had this discussion with people my age (23-25) about % returns. I said to them bluntly.. "I don't invest in anything that won't give me a return of at least 1000%." They look at me like I've lost my shit and immediately ask what the hell gives that kind of return. People say my thought process is foolish. I laugh.

To me foolish is putting your money into something that yields you 1-2% A YEAR or hoping that a stock will go up 5% over a a time period. It's pissing TIME away. As stated above, the only situation where small percentages make sense is with larger sums aka SCALE.

My time and money are not worth 1-2% in 12 months.
 

4Ring_

New Contributor
Jan 31, 2017
20
15
19
New York
The only true path to financial success on the markets is through compounding growth from investing in strong companies that last throughout your lifetime.

Unfortunately, most of us youngins can't afford to lock away our life earnings into the market, as our capital is the lifeblood of our businesses. Therefore, unless you have boatloads of cash that you don't know what to do with, this question shouldn't even pop into your head.
 
Last edited:

ZF Lee

Platinum Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jul 27, 2016
2,145
3,742
906
21
Malaysia
Am I so feeling the vibes from TMF now!
I couldn't make it through that one. Had some really great lines to the effect of "focus on controlling yourself rather than trying to control the market", but later on when Graham lays out what someone who consistently uses his system can expect to see in returns, I was like "Why am I gonna read this big a$$ book to make 4%"?
I think the intelligent investor is more about identifying potential companies that could be winners. 4% only becomes significant if you pump in a shit ton of cash. 4% returns on a hundred thousand bucks investment is more than a 4% returns on a measely thousand dollars. The more you put in, the more you get. But of course if the investment goes to crap, you get some losses.

Graham's advice is sound, although it seems slowlane. Probably it can be considered a forefather of fundamental investing, that is not corrupted by scammers. But I think such tools should only be deployed later on after Fastlane business success.

Never put the cart before the horse.
I've had this discussion with people my age (23-25) about % returns. I said to them bluntly.. "I don't invest in anything that won't give me a return of at least 1000%." They look at me like I've lost my shit and immediately ask what the hell gives that kind of return. People say my thought process is foolish. I laugh.

To me foolish is putting your money into something that yields you 1-2% A YEAR or hoping that a stock will go up 5% over a a time period. It's pissing TIME away. As stated above, the only situation where small percentages make sense is with larger sums aka SCALE.

My time and money are not worth 1-2% in 12 months.
Too true!
Hell, you might even get 10000% back if the market is desperate enough!
But you can't blame those people for taking things the wrong way. It's not that anyone had the time to sit down and calculate the metrics and equations of the Fastlane potency, as MJ did in TMF. They are all busy working their asses off trying to survive amidst debt and SCRIPTED frameworks instead of working to dominate in an UNSCRIPTED business!
 

mike24601

Consumption Bear
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Apr 8, 2017
195
503
231
Illinois
I once sat in a Chase branch for over an hour because they were offering a promotion where they gave you a $100 bonus if you put at least $10k in a savings account (and kept it there for a year).

I spent an hour of my life, and locked up 10k for 12 months, trying to raise my yield from .01% to 1%.
I don't know how a banker can sit there with a straight face and sell someone a CD at 0.45% that would tie their liquid assets up for potentially years only to earn a few bucks. There are scores of articles out there praising the virtues of an Ally "High Yield" savings account that earns you a blistering 1% a year. Granted, that's great compared to most savings accounts, but barely justifies the exertion on my pointer finger that it would take to change banks.
 

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

OP
OP
MJ DeMarco

MJ DeMarco

Administrator
Staff member
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Jul 23, 2007
29,840
105,516
3,751
Fountain Hills, AZ
I don't know how a banker can sit there with a straight face and sell someone a CD at 0.45% that would tie their liquid assets up for potentially years only to earn a few bucks.
Not to mention that in the last fiscal crisis, a lot of banks went bankrupt. IMO, locking up your cash with a bank bears a risk that should pay 10%, not 1%.

And FDIC as a backstop is a poor source of insurance.
 

G-Man

Cantankerous Contributor
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Jan 13, 2014
1,943
10,267
2,436
Not to mention that in the last fiscal crisis, a lot of banks went bankrupt. IMO, locking up your cash with a bank bears a risk that should pay 10%, not 1%.

And FDIC as a backstop is a poor source of insurance.
The only reason it carries on is that when you loan to a bank you're competing with your own government. Another example of how being a responsible slowlaner just gets you F*cked (milked?) from every direction.
 

anthonyseoul

Contributor
Apr 16, 2017
23
22
25
34
London
I think we're so conditioned with these tiny numbers (4%, 2%, even 0.5%!) that people just accept that they are the best returns possible. We see these numbers all around us (newspapers, banks, government statements). When someone see 5 or 6%, they are then blown away. When you take inflation into consideration, these numbers get even smaller.

I think it takes an open mind and the right guidance to see that there are much grater returns elsewhere, and that in fact you don't have to settle for these small numbers. TFM was certainly a mind-opener for me in this sense. The mathematics of it don't lie.
 

StompingAcorns

Silver Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Dec 11, 2015
236
624
274
Southeastern U.S.
Because learning how to turn $1,000 into $1,100 in 1 year is a ridiculous waste of time and focus. $100 is an above average 10% return.

:star::star::star::star::star:
Instead you should be focused on turning $1,000 into a BUSINESS which turns into MILLIONS.
:star::star::star::star::star:
I really liked this section of Unscripted, MJ. I love the way you can put into words what I intuitively know on some level but can't express the way you do!
 

Caonex Abreu

Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Mar 3, 2014
31
73
118
34
"Unfortunately, because LC and P2P lending is untested and still relatively new (sorry, don't trust 'em!) the answer will remain 2."

Prosper recently sent out a statement saying that their returns were being calculated wrong on the site. My "returns" went from 10.71% to 7.2%. When you factor in the risk levels it just doesn't make much sense and if they can't state their returns correctly I don't want much to do with them. I am slowly phasing out my P2P investment.
upload_2017-5-23_9-30-25.png
 
Last edited:

TheSmokey1

Bronze Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Jul 11, 2017
39
122
131
The World
Hopefully this is the appropriate place to ask this. I admit that I am not the most financially literate when it comes to investing, and I didn't fully understand it in the books.
If I can ask for advice by way of a simplistic example: If you had 5 million dollars, what would you do with it if you wanted to live off of the interest (without pulling money out of the original 5mil), and in a relatively safe way? (understanding that risk is relative)

Thanks all.
 
OP
OP
MJ DeMarco

MJ DeMarco

Administrator
Staff member
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Jul 23, 2007
29,840
105,516
3,751
Fountain Hills, AZ
If I can ask for advice by way of a simplistic example: If you had 5 million dollars
I posted an example of this years ago.
Hopefully this is the appropriate place to ask this. I admit that I am not the most financially literate when it comes to investing, and I didn't fully understand it in the books.
If I can ask for advice by way of a simplistic example: If you had 5 million dollars, what would you do with it if you wanted to live off of the interest (without pulling money out of the original 5mil), and in a relatively safe way? (understanding that risk is relative)

Thanks all.
I posted this some years ago.

How to Never Work Another Day in Your Life, The Money-System Portfolio – Fastlane Entrepreneurs

The same applies today, although the numbers will be different as will the instruments and their cost/ yields.
 

TheSmokey1

Bronze Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Jul 11, 2017
39
122
131
The World
Thanks very much MJ
 

mom

Contributor
May 9, 2016
55
28
48
49
What's your focus?
Making pennies and changing your weekend?
Or making millions and changing your life?


Over the years I've seen a lot of threads on the forum which ask generalized investment questions.

Things such as...

"I've got $1000, how do I invest it for a good return?"
"Just saved $5K, where should I put it?"


Here, just recently:

What would you do with $1,000?
Seeking advice on my life plan

While I advocate financial literacy and basic economic knowledge as an ongoing goal, I don't advocate it as a FOCUS.

Why?

Because learning how to turn $1,000 into $1,100 in 1 year is a ridiculous waste of time and focus. $100 is an above average 10% return.

:star::star::star::star::star:
Instead you should be focused on turning $1,000 into a BUSINESS which turns into MILLIONS.
:star::star::star::star::star:

THEN, you can focus on "How do I invest the $3.5M I just got from selling my company?" into a worthwhile focus that legitimately yields meaningful returns.

Here's an example in my own life...

Here it is:

View attachment 14603

Yup, that's the dismal return in my LENDING TREE account. (Which I have now neglected for 6 months.)

Go ahead, laugh. Queue up the jokes.

Now here's the entire point I'm trying to make: When I see this sad return in my Lending Tree account, I have (2) choices --

  1. Focus on maximizing the returns and get the yield up to something better than average, say 11, 12 or 13%
  2. Ignore it and just discount the venue as an investment option.

I know I can do 1 if I just put forth the time, research, and effort into the medium.

Assuming I've invested just $10K into the venue what do you think I will do?

The answer is 2.

And this thread is why.

Why on earth would I spend countless hours trying to raise my yield in this account when its meaningful returns amounts to a few hundred dollars? On a $10,000 investment, the difference between 4.5% and 11% is a paltry $650 bucks. :bulb:

I'm not going to spend HOURS researching and dally-whacking at something when the outcome reflects a $650 return on my time -- assuming it goes well!

And since I'm not willing to risk more principle into the venue, my choice is a no-brainer.

In essence, this is a millionaire mindset where your focus isn't churning pennies, but meaningful dollars.

On the flip side, the answer could be 1 if I was willing to invest $1M into the medium. Then the difference between 4.5% and 11% comes out to an extra $5,400 per month -- a meaningful dollar amount.

Unfortunately, because LC and P2P lending is untested and still relatively new (sorry, don't trust 'em!) the answer will remain 2.

In the end, where are you focusing your effort?

Into knowledge and activities that will upgrade your life forever?
Or is your focus on the things that can upgrade your weekend temporarily?

:bulb:Focus on meaningful things that can be meaningful to your life. :party:

- MJ :cool:

For more information on HOW TO INVEST $X,000, visit here:
GOLD - The final solution to all "I have some money what do I do?" threads.
Reminds me of my neighbour that drove an extra 12 miles to a garage because they sold petrol about 5p ltr cheaper....dum, dum..
Or people that spend all day looking for cheap coupons...how they could spend their time differently?
 

mom

Contributor
May 9, 2016
55
28
48
49
well, in that case what about buy to let properties? Lucky to get 5-8% net yield....if it is rented out and no problems. I never seen the point in that either.

Now, the developer on the other hand...(FL)
 

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

masterneme

Silver Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Apr 13, 2015
281
695
269
37
I joined a P2P lending site 5 or 6 years ago, before reading TMF, but not to invest but to ask for money for my business.

To improve my pitch I read other people's profiles and reasons for wanting money. I noticed a pattern, almost everyone without fail had high incomes (or that's what they said) and asked for amounts they could have gotten just by setting aside some cash and waiting a couple of months.

It looked very weird to me, why would you ask for money with that income? And why would people invest 10/20/50€ on these guys?

It didn't make any sense to me...

...until one day I read TMF and realized that the people asking for money were sidewalkers and the ones lending 10€ for an up to 15% return were slowlaners.

I don't know how do other P2P sites do but in this particular case I wouldn't spend 1 single buck on it because you deal with sidewalkers and that's a very risky move. Lenders play the game "hoping" to get 15% or 20% but the reality tells a very different story.

And this doesn't end here, there are other business oriented P2P sites with a lot of potentially successful ideas that get 0 money.

In other words, slowlaners decide to give money to highly unreliable guys "hoping" to get an average of 15% return while totally ignoring some options that could give them 500%, 1000% or more. And they probably think that their way is the safest!

P2P lending doesn't do it for me because at the end of the day, people is people.
 

BrooklynHustle

Gold Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Apr 3, 2014
736
1,489
441
36
DMV
What's your focus?
Making pennies and changing your weekend?
Or making millions and changing your life?


Over the years I've seen a lot of threads on the forum which ask generalized investment questions.

Things such as...

"I've got $1000, how do I invest it for a good return?"
"Just saved $5K, where should I put it?"


Here, just recently:

What would you do with $1,000?
Seeking advice on my life plan

While I advocate financial literacy and basic economic knowledge as an ongoing goal, I don't advocate it as a FOCUS.

Why?

Because learning how to turn $1,000 into $1,100 in 1 year is a ridiculous waste of time and focus. $100 is an above average 10% return.

:star::star::star::star::star:
Instead you should be focused on turning $1,000 into a BUSINESS which turns into MILLIONS.
:star::star::star::star::star:

THEN, you can focus on "How do I invest the $3.5M I just got from selling my company?" into a worthwhile focus that legitimately yields meaningful returns.

Here's an example in my own life...

Here it is:

View attachment 14603

Yup, that's the dismal return in my LENDING TREE account. (Which I have now neglected for 6 months.)

Go ahead, laugh. Queue up the jokes.

Now here's the entire point I'm trying to make: When I see this sad return in my Lending Tree account, I have (2) choices --

  1. Focus on maximizing the returns and get the yield up to something better than average, say 11, 12 or 13%
  2. Ignore it and just discount the venue as an investment option.

I know I can do 1 if I just put forth the time, research, and effort into the medium.

Assuming I've invested just $10K into the venue what do you think I will do?

The answer is 2.

And this thread is why.

Why on earth would I spend countless hours trying to raise my yield in this account when its meaningful returns amounts to a few hundred dollars? On a $10,000 investment, the difference between 4.5% and 11% is a paltry $650 bucks. :bulb:

I'm not going to spend HOURS researching and dally-whacking at something when the outcome reflects a $650 return on my time -- assuming it goes well!

And since I'm not willing to risk more principle into the venue, my choice is a no-brainer.

In essence, this is a millionaire mindset where your focus isn't churning pennies, but meaningful dollars.

On the flip side, the answer could be 1 if I was willing to invest $1M into the medium. Then the difference between 4.5% and 11% comes out to an extra $5,400 per month -- a meaningful dollar amount.

Unfortunately, because LC and P2P lending is untested and still relatively new (sorry, don't trust 'em!) the answer will remain 2.

In the end, where are you focusing your effort?

Into knowledge and activities that will upgrade your life forever?
Or is your focus on the things that can upgrade your weekend temporarily?

:bulb:Focus on meaningful things that can be meaningful to your life. :party:

- MJ :cool:

For more information on HOW TO INVEST $X,000, visit here:
GOLD - The final solution to all "I have some money what do I do?" threads.
Creating businesses & investing the profits/asset value from sale is the only way that makes any sense
 

Striver

Bronze Contributor
Mar 23, 2017
122
120
138
45
USA
...until one day I read TMF and realized that the people asking for money were sidewalkers and the ones lending 10€ for an up to 15% return were slowlaners.

20-30 years ago, my parents owned a little convenient store. We had regular customers, and a lot of these customers were on fixed income. And they'd get behind on bills(or whatever) one month and need to borrow money. And when you get behind on fixed income, you seldom ever catch up.

My dad gained the reputation of "taking pawns" from these people. He would take a chainsaw, or whatever, and lend them 100 bucks. Payback was $125 at the end of the month. Month after month after month!

My dad was making 25% per month on all the money he loaned out. We didn't realize how good this was, at the time... but looking back, it's a shame my parents were from such a small place. They could have made it big! Nowadays, if you make 25% PER YEAR on your money, you're some kind of wizard! haha
 

cmor16

Gold Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Oct 30, 2016
401
1,324
419
47
Nova Scotia, Canada
My dad gained the reputation of "taking pawns" from these people. He would take a chainsaw, or whatever, and lend them 100 bucks. Payback was $125 at the end of the month. Month after month after month!

My dad was making 25% per month on all the money he loaned out. We didn't realize how good this was, at the time... but looking back, it's a shame my parents were from such a small place. They could have made it big! Nowadays, if you make 25% PER YEAR on your money, you're some kind of wizard!
Is this legal? Certainly ethically questionable.
 

eliquid

( Jason Brown )
EPIC CONTRIBUTOR
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
May 29, 2013
1,480
7,206
1,716
Louisville - Kentucky
Is this legal? Certainly ethically questionable.
Why wouldn't it be?

His dad bought it for $100 from a seller.

Seller came back to be a customer and the price was $25 higher. Customer still wanted it.

All it is , is buy and sell just like if you sold your car to a dealer and came back 30 day later and he had it for sale on the lot for $250 more then he paid you.
 

TonyStark

I'm not dead yet
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jul 20, 2015
2,130
4,053
1,025
26
Austin, Texas
$1,000 ain’t shit.
$10,000 ain’t shit.
Hell, I’m betting $100,000 ain’t shit.

All that matters is what you’re spending it on.

Buy a $100,000 car? Good luck making any money off of that.

Buy a $10,000 piece of heavy machinery? You can turn that over 5-fold depending on what you bought.
 

cmor16

Gold Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Oct 30, 2016
401
1,324
419
47
Nova Scotia, Canada
Why wouldn't it be?

His dad bought it for $100 from a seller.

Seller came back to be a customer and the price was $25 higher. Customer still wanted it.

All it is , is buy and sell just like if you sold your car to a dealer and came back 30 day later and he had it for sale on the lot for $250 more then he paid you.
I misunderstood. I thought he was loan sharking. I read "lend them $100 and get $125 in return". Not sure How I completely skipped over the chainsaw example. My bad!
 

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 Lex DeVille's - Advanced Freelance Udemy Courses!
Thanks for sharing. I want a course to optimize for other than Google engines.
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Welcome to 2020, I wanted to add in a quick note about gratitude for the new year...


Don't like ads? Remove them while supporting the forum. Subscribe to become an INSIDER.

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.

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