171–180 of 306 posts
I built an escape room! Startup Escape ( https://startupescape.com ), a parody of startups where you have "$1M to launch your startup" (1 hour to escape). It's a physical game in San Francisco, but it's run day-to-day by a manager. Overall it makes about $15k/mo, and after rent/labor/etc I just make a few thousand dollars a month.
I post photos to pixabay.com and get Paypal donations
It's also proved an excellent toy for me to constantly retool and play with new languages, frameworks, and databases. Couldn't be happier.
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I just feel like I'm playing a game of chicken with a 10 year bull market. I usually leave it alone but I'm not going to wait around if the next recession turns out to a bad one.
I plan to wait out the next recession - history shows most people lose more trying to avoid recessions than if they wait them out. Of course if I was closer to retirement that wouldn't work out. However that is why financial managers suggest a regular plan of diversifying into less risky (but lower return) investments as you get older. Target date retirement plans do that for you.
My first book was published six years ago. The title is in my profile, if you're willing to click through for the plug. It has continued to sell well, and about two years ago I "earned out," meaning my royalties exceeded my advance, so now every six months I get a royalty check. I've also agreed to several deals that allow my book to be translated and sold in different countries. Those deals are usually on the small…
If you don't mind answering - what made you decide to write this book in particular?
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In theory I agree...but it's been a 10 year bull market and I would really not want to see any of my non-retirement or retirement accounts halved if I can help it. My amateur "macro" view is we're in for heavily volatile times in the next 5 years. I tend not to follow textbook personal financial advice shrug
I cashed out in September 2018 and I am most certainly not crying about missed profits :) That money is happily deployed elsewhere for better uses and the next time I have excess savings it will go into stocks when they're at the bottom of the market
Will there be an announcement?
Not what you were looking for but real estate (mostly rental) has been and remains my primary passive income.
What would you recommend as training/resources to get started in real estate investing? I was thinking of getting a real estate dealer license as a way to get a better idea of how the system works and go from there, but any words of wisdom from someone already doing it successfully would be most welcome. There's plenty of "real-estate investing" information online but most of it looks scammy as hell. EDIT: I'm based…
There are lots of classes you can go to. The first thing I'd do is talk to local real estate brokers and ask them about the market and how things are going. Then see if they can introduce you to another investor that is local. Local knowledge is pretty key for real estate. Also, check into local real estate investment groups, the good ones are pretty selective but if you can meet someone on it you might be able to tag along and get some "free" education until you are ready. This is actually how I started way back when.
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What would you recommend as training/resources to get started in real estate investing? I was thinking of getting a real estate dealer license as a way to get a better idea of how the system works and go from there, but any words of wisdom from someone already doing it successfully would be most welcome. There's plenty of "real-estate investing" information online but most of it looks scammy as hell. EDIT: I'm based…
Kind of OT but I don’t understand why everyone with some spare time doesn’t get licensed for real estate to circumvent the cartel fees. It costs about $300 + the fees for the classes and 135 hours of time. But it can save you tens of thousands, gets you privileged access to listings, plugs you into the whole real estate ecosystem... it’s kind of a no brainer, as far as I can tell
I do agree in reference to fees from brokers etc, but if you do some deals you will find someone you can work with and honestly at that point they'll work with you on the fees and you won't care as much either because they'll take the liability so their fees are fair.