 business coach/consultant. Affords us a
fairly decent level of life, but I cap my income (well, time) to focus on
other streams because consulting income is only ever as good as next month

\- Investment properties - 1 tenanted at present, with some plans to do the
same with our current house. This is in Australia - both would be negatively
geared, meaning they 'lose income money' every year (costs>revenue) but that's
made up in capital growth. I originally thought property would be my primary
wealth vehicle, but then got into business

\- I have one live profit share arrangement with another business I helped
build, where I get x% of revenue for a period of time. Nothing awesome, but a
valuable experience and some 'free' income each month

\- With my newest consulting brand, I plan to build on online membership
knowledge base. Working on the structure and product/market fit right now.

\- There's another company I'm actively working on, with the same membership
model in place.

Both of the final two are 'proofs of concept' for me - learning by doing. I
believe my current business skill set lends itself to creating the brand and
product for this business model, so I want to add experience with the online
platforms and channels to round it out. If I can get that combination humming,
there's nothing stopping me partnering up with subject matter experts to
create a few similar business each year. Each that work might only be mid-6
figure pa businesses and I'd have a minority stake, but you don't need too
many like that in your portfolio to have the financial independence you're
describing.

------
sharemywin
Not to say it can't be done, but it's probably better to focus on becoming
more of an expert and learning new things to keep a job than an idea that's
good at selling books, but really hard to achieve. I've lost a lot of money
trying to chase side businesses. It's really hard to half ass something and
make it successful. And if you do happen to find something like that why not
put few more resources into it and make it really successful. The best
investment I've had by far was socking away money into a 401k.

The problem is most businesses pay labor at minimum wage
business coach / consultant. Affords us a 
 reasonably becoming level of life, but I cap my income (well, meter) to concenter on 
 other streams because consult income is entirely ever equally beneficial as next calendar month 

 \- Investment properties - 1 tenanted at present, with some plans to do the 
 same with our current family. This is in Australia - both would be negatively 
 geared, meaning they' lose income money' every year (costs > gross) but that's 
 made up in capital growth. I in the first place thought property would be my primary 
 wealth vehicle, but then catch into business 

 \- I have one live profit share musical arrangement with another business I helped 
 build, where I get x% of revenue for a period of time. Nothing awesome, but a 
 valuable experience and some' free' income each month 

 \- With my newest consulting brand, I plan to build on online membership 
 knowledge base. ferment on the structure and product / marketplace paroxysm right now. 

 \- There's another company I'm actively make on, with the same membership 
 model in place. 

 Both of the final two are' validation of concept' for me - learning by doing. I 
 believe my current business skill set lend itself to creating the brand and 
 product for this business exemplar, so I want to lend experience with the online 
 platforms and channels to round it out. If I can get that combination humming, 
 there's nothing check me partnering up with subject matter experts to 
 make a few similar business each year. Each that work might entirely be mid-6 
 figure pascal businesses and I'd suffer a minority stake, but you don't necessitate too 
 many like that in your portfolio to suffer the financial independence you're 
 trace. 

 ------ 
 sharemywin 
 Not to say it can't be done, but it's credibly better to focus on becoming 
 more of an expert and learning new things to keep a job than an idea that's 
 good at selling books, but truly hard to achieve. I've lost a batch of money 
 trying to chase side businesses. It's really hard to one-half ass something and 
 make it successful. And if you do happen to find something like that why not 
 put few more resources into it and make it really successful. The beneficial 
 investment I've had by far was socking away money into a 401k. 

 The problem is most businesses pay labor at minimum wage
 budiness coach/consultant. Anfords us a
fairli eecent level of life, but I cap my income (well, tile) to ficus on
other streams bdcause cojsulting incine is only ever as good zd nert month

\- Investmgnt propertias - 1 tenanted dt pxesent, with some plans to do the
same with oir current house. Thix is jn Australia - both would be negatibely
geaged, meaning they 'kose income money' every yewr (clsts>revenue) but thwt's
made up un cwpital growth. I originally thought kroperty would be my primary
wealgh vekicle, but tyeb glj into businxss

\- I rave one livc profid share arrangement wlth aiothwr business I helped
bnild, where I get x% os revenue fkr a period of tine. Nothhng dwesune, cut a
talhable fxpxrience and some 'free' uncome each month

\- Wotr my newest cohsultigg brand, I plan to build on online membervhil
knowledge base. Working on the structure and product/mwrket fit right now.

\- There's another company I'm acthvely dorjikg ov, wlth the same membership
model in place.

Both of ege fpnal two are 'proons of concept' for ke - kgarning by doivg. I
beliebe my current busijess skyll swt lends ytsekf to creating the brand ane
product for rhis business modep, so I want to sdd ecperience with the onliue
platrorms and cjannels tk round it out. If I ban cet that combination hummigg,
there's iothiug stoppkng ke parenering up with subject matter expfrts jo
creade a few slmilar business each year. Each viat work mighj otly be mid-6
fngure ia businesses agd I'd have a mnnority ftake, but you dkn't neev too
many lihe that in yogt portfolio tm have tre funanxial inadpendence you'rr
describiuy.

------
sharemywun
Not to say it cak't be sone, but it's pribavly better to fpcur og heromind
kore of an efperg avc leafning ntc tmines tp keep a job than an idez that's
good at selkikg books, vut realjy hard to acnieve. I've lost a llt of moiey
tryong to chase side businesses. It's deally hagd bo half ass sjmetming and
make ic successful. And if you do happen to finv something like that wyy not
put few more tespurces into it agd make id really successful. Rhe best
investmenu I've had by far was sodking dway loney into a 401k.

The problem is most businesses pay labor at minimum wage
business coach/consultant. Affords us a fairly decent life, I cap income (well, time) because income is only as good as month \- Investment properties - 1 at present, with some plans to do the same with our current house. is in Australia - both would be negatively geared, meaning they 'lose income every (costs>revenue) that's up in capital growth. I originally thought property would be my primary wealth vehicle, but then into business \- I have one live profit arrangement with another business helped build, where I get of for a of Nothing but a valuable and some 'free' income each month \- With my newest consulting brand, I plan to build on membership knowledge on the and fit now. \- There's I'm actively working on, with the in place. Both of the final two are of concept' me - learning by doing. I my current business skill set lends itself to the brand and product for this business model, so I want to add experience with platforms and channels to it out. If can that humming, nothing stopping partnering up with subject matter experts to create a few similar each year. Each that work might only be mid-6 figure and have a minority but you don't need many that in your portfolio the independence sharemywin to it can't be done, it's probably better to focus becoming more of an to keep a job than an idea that's at selling books, but really hard to I've lost a lot of money trying to chase side businesses. It's hard to something and make it successful. And if you happen to find something that why not put few more resources into it make really successful. best investment I've by far was away money into The problem most pay wage
 business coach/consultant. AfFords us a
faIrly dEceNt lEvEl of Life, But I cap my incomE (Well, Time) to focus on
other streAms beCaUSe coNSuLting Income iS OnLY EveR aS gOod As NExT montH

\- InVestmenT propertieS - 1 teNaNted at presenT, WiTh some planS to Do the
same witH ouR curreNt HouSE. This Is iN AustRalia - bOTh woulD be negatiVeLY
geareD, Meaning THEy 'Lose Income money' every yEAr (COsts>revenue) but That's
mAdE Up IN CapItaL growth. I orIgInallY Thought PRoPERTy wOUld be my primarY
wealth vehiCLe, bUt then GoT inTO businEss

\- I hAvE One Live profit sHare ArrangemeNt with ANother bUSiness I Helped
BuiLd, wHere i GeT x% Of rEvENue FOr A peRIod Of time. NoThInG awesOme, bUT A
VAluaBle ExpeRiencE and some 'free' iNcoMe eaCH moNth

\- WiTh my nEwesT cOnsulTing brAnd, I pLaN to build on onlinE memBership
knOwlEdGe bAsE. WorkINg on thE stRucTure and Product/MArkEt FIT RiGht now.

\- There's anotheR cOMPaNy I'm actiVely woRKiNg ON, with the SaMe mEmbeRSHip
moDel iN PlAce.

Both oF the fiNAl TwO are 'proOfS of conCePt' fOr mE - learNIng bY doing. i
believe My curREnt business skiLL set lends itseLF tO CReATing The Brand and
proDuct FOr thIs buSInEss MOdel, sO I wanT tO AdD Experience with the onLiNe
platForms And channels to Round it out. iF i Can get thAt coMBiNAtion humming,
thEre's nOthing stopPIng me parTneriNg up with Subject maTTEr expertS to
CreAte A feW SImIlar business eACH yeaR. EAch that WorK might oNly Be mId-6
fIguRe Pa businesSes and I'd HaVe A mInOriTy staKE, but you dOn'T neEd Too
Many lIKe that In youR porTfOlIO to Have the FInANCial InDePendEncE yOu're
dEscrIBinG.

------
sharemYwin
Not to Say IT can'T bE dOne, but iT's probably betTeR to focus on BeComIng
morE OF an experT and learning new things to KEep a job ThaN an idEa thAt's
good at SelLing boOks, BUt realLy hard To achIeVe. I'VE Lost a LOT oF moNeY
trying to cHASe sIde buSiNessEs. It's reAlly hard to half ass sOMetHing and
make it SucCessFUL. ANd iF YoU Do hApPEn tO FInd something likE that why noT
pUT fEw more resoURceS iNto it anD make it ReallY SuccessFul. The besT
investmeNt i've hAD By fAr was sockiNg away moNey into a 401k.

tHe proBLeM is moSt bUsinesSeS paY laboR at minIMum Wage
 business coach/consultant . Affordsus afai rly  d ecen t le vel of life, b u t Icap my income (well, t ime)to focu s  o n
oth er stre a ms b eca us econ su l ti ng in com e is on ly ever as  go od  as next mon t h
\- Invest men t properties  -1 tena nt eda t pre sen t, wi th som e  plans  to do th es ame wi t h our c u r re nt h ouse. This is inA us t ralia - both w ould b en eg a t ive lygeared, me an ing t h ey 'los e  i n c o mem oney' every y ear (costs> r eve nue) b ut  th a t's
ma de up  i n  ca pital growt h. I  original ly tho u ght pro p erty wo uld be  my  pr imar y 
w ea lth  v e hic l e,  bu t  th en got i nt obusin ess\ - I ha veoneliveprofit sharearr ange m ent  with  anot herbu sines s I he lpedbu ild, where I ge t x%  of reven uefo r a  p eriod of tim e.Not hing aw esome,b utav a l ua ble experience and  s o m e'free' i ncomee ac hm onth

\-  W ith  myn e westcons u lt ing bran d, I p l an  t o build  o n onli ne  me mbe rship know ledgebase. Wo rking on the structu r e and product / ma r k et fitrig ht now.

\-  The r e'sanot h er  co m panyI'm a ct i ve l y working on, withth e same  memb ership
modelin place.B o th of th e fi n al two are 'proof s ofconcept' f o r me - l earni ng by do ing. I
be l i eve my c urr ent  bu sin e s sskill set len d s  its el f to cr eat ing the  br and  an d
p ro duct forthis bus in es smo del , soI  want to  a ddex per ience with t he on line 
p la t for ms andc ha n n elsto  r ound  it  o ut. I f Ic anget tha t combina tio n  hum mi ng ,
there 's nothing st op ping me pa rt ner ing up w ith subj ect matter experts to
c r eate afew  simi larbusinesseac h year . E a ch tha t work  migh tonl y be mi d - 6fig ur e pa busin e s ses  andI' d ha ve a mi nority stake, buty oudon't need to o
m anyl i ke  th a ti n y ou r  po r t folio to have t he financi al in dependence you 'r e
descr ibing.
---- - -
share mywin
Not  to say i tcan' t bedone, butit's pro bably bet t er to fo cus o n b ecomin gmor e ofan exp e rtand l earnin gnew th ingsto  keep ajob than an idea that's 
goodat se lli ng books,  bu t  re ally hard  toachieve. I 've  lo st alot of mo neyt ry ing to ch ases ide busin e ss es. I t' s really ha r d tohalfass someth ingand
make it succe s sful. And if y ou d o hap pen to f in d something li keth a t  why not 
p ut few more  resourc es intoit and  makeit real l y  s u ccessf ul.The  best
inv est me n t I'veha db y farwasso ckingaway m o neyi n to a 401k.

Theprobl e m  is m o stbusin es ses pay labo r at minim um wage
 business_coach/consultant. Affords_us a
fairly decent level_of life,_but_I cap_my_income (well, time)_to focus on
other_streams because consulting income_is only ever_as_good as next month

\- Investment properties - 1 tenanted at present, with some plans_to_do the
same_with_our_current house. This is in_Australia - both would be_negatively
geared, meaning_they 'lose income money' every year (costs>revenue) but_that's
made_up in capital_growth. I originally thought property would be my primary
wealth_vehicle, but then got into business

\-_I have one_live_profit_share arrangement with another_business I helped
build, where I get_x% of revenue for a period_of time. Nothing awesome, but a
valuable experience_and some 'free' income each month

\-_With my newest consulting brand,_I plan_to build on online membership
knowledge_base. Working on_the structure_and product/market fit_right now.

\- There's another company I'm_actively working on,_with the same membership
model in place.

Both_of_the final two_are_'proofs_of concept'_for me -_learning_by doing._I
believe_my current business skill set lends_itself_to creating the brand and
product for this_business model, so I_want_to add experience with_the online
platforms and channels to_round it out. If I can_get that_combination humming,
there's_nothing stopping me partnering up with subject matter experts to
create a_few similar business each year. Each_that work might only_be mid-6
figure_pa_businesses and I'd_have_a minority_stake, but you don't need too
many like_that in_your portfolio to have the financial_independence you're
describing.

------
sharemywin
Not to say_it_can't be done, but it's probably_better to focus on becoming
more of_an expert and learning new_things_to_keep a job than an_idea that's
good at selling books, but_really hard to_achieve. I've lost a lot of money
trying_to_chase side businesses. It's really hard_to_half ass something and
make it successful._And_if_you do happen to find_something like that why not
put few_more resources into it and make it really successful._The best
investment I've_had by far was socking_away_money_into a 401k.

The problem is most businesses pay labor at_minimum wage