Most entrepreneurs start with one goal in mind: freedom. If you value freedom, you should have one goal for your first c

If you can bootstrap your way to $300k/yr in profit and invest half of that ($150k/yr) at 10%/yr for 20 years = $9.6m $150k/yr salary to enjoy your life with your family and friends.

The point of entrepreneurship is freedom. Yes, it’s to build cool stuff and innovate and all that, but at the end of the day the sort of person who becomes an entrepreneur is usually doing it because they want the freedom to control their day and work on the things they care about.

When I was 8–10 years old, I joined my first team sport. I joined the cheerleading team. We ran laps, and we did circuit workouts. We broke a heavy sweat every practice. I loved it.

After 20 years, you can choose to sell that business or automate it and let it ride but with $9.6m invested in a conservative portfolio paying out 5% annually = $480k/year in interest or $40k/mo for you to live off without ever touching the principal nor sacrificing your quality of life.

It hurts my heart to think my son would ever feel the need to change his body or appearance at such a young age like I did. I want him to be active, healthy, and confident. Thanks to my mother and her wisdom that I did not understand as a child, I’ll teach my son that health is the priority, not his weight or body type. Being active, finding a hobby, joining a team, being mindful of nutrition, and, most of all, loving the skin you’re in, that is what I want to teach him.

As a mother myself to a 2-year-old boy, I spoke with my mother through FaceTime a few days ago. Somehow the topic of my old cheerleading days was brought up, and we began to reminisce. I casually mentioned how protective she was over me, and her habit of interrupting compliments paid to me.

A lot of people go out and start their first business and try to make it a venture-backed startup. That’s the wrong move. That’s like going to the gym and trying to bench 250 lbs on day one. It’s not that you can’t build up to that, it’s just not the right move today.

My definition of rich is having a passive income that’s greater than your burn. I’m pretty sure we can all comfortably live off $40k/mo without ever having to leave the house.

http://live-stream.munich.es/twr/video-Al-Rayyan-Al-Gharafa-v-en-gb-1ykx30122020-24.php

http://live07.colomboserboli.com/niy/video-Al-Rayyan-Al-Gharafa-v-en-gb-1khz-23.php

http://news24.gruposio.es/ktn/Video-Qatar-SC-Al-Kharaitiyat-v-en-gb-1rxf-4.php

http://news24.gruposio.es/ktn/video-Al-Rayyan-Al-Gharafa-v-en-gb-1ztg-.php

http://news7.totssants.com/izt/videos-lettonia-v-italia-v-it-it-1ikb2-10.php

http://news7.totssants.com/izt/v-ideos-Latvia-Italy-v-en-gb-1koe-.php

http://news7.totssants.com/izt/video-Latvia-Italy-v-en-gb-1jxw30122020-1.php

http://news7.totssants.com/izt/Video-Latvia-Italy-v-en-gb-1cyr-24.php

strong couples understand that they are individuals first, and in order to thrive together, they must be happy with who they are separately. Combining your life with another person does not mean losing yourself to the partnership, and mentally strong couples see their relationship as a meeting of two lives rather than a merging.

I love the book Rich Dad, Poor Dad. It was my favorite growing up. Since then, I’ve founded several startups, was employee #3 at a $65m VC firm in San Francisco, and realized that there is a similar phenomenon to what Robert Kiyosaki is talking about in Rich Dad, Poor Dad currently occurring in Silicon Valley.

Or something along those lines. At 10 years old, I found it awkward and confusing as to why my mother would interrupt each comment directed towards me. It annoyed me. It made me feel like she was upset over the attention I was receiving.

Eventually, my extended family and family friends started to see how active I was becoming. At every family gathering, the aunts and grandmas would gather around me and comment on “how much weight I lost” and “how thin and pretty I am.” I reveled in these assumed compliments, but only momentarily because each time they would be cut short by my mother walking up behind:

I think the right move is to start a business that can make you $100k per year in profit. It doesn’t matter if it can’t scale past that, it’s about building that foundation to give you the freedom to try new things. Fail at those new things and it doesn’t matter as you have that financial foundation. It could be something as simple as a consulting or a services business, or a digital product like a course, newsletter, or subscription podcast. Anything that is high-margin, simple, and enabled by the internet.

VC’s may shit on lifestyle businesses but at the end of the day, they collect a 2% yearly management fee regardless of their success and typically have a great lifestyle (once their fund size is above $100m AUM).

It hurts my heart to think my son would ever feel the need to change his body or appearance at such a young age like I did. I want him to be active, healthy, and confident. Thanks to my mother and her wisdom that I did not understand as a child, I’ll teach my son that health is the priority, not his weight or body type. Being active, finding a hobby, joining a team, being mindful of nutrition, and, most of all, loving the skin you’re in, that is what I want to teach him.