Want to retire early in 10 years, and live on $80k forever?
With a lifestyle business, you can.
[Read the full blog post here].
People want a quick win, and the industry sells the pipedream of a gazillion dollars in two seconds.. but if you’re willing to develop the skill of being a course creator?
A LOT can happen in 10 years ⌛️
A. LOT.
Here’s the cliff notes:
Invest $10k a month from the profits of your high cashflow online course business for 10 years (instead of spending it on Gucci bags, a big team or lifestyle creep).
At year ten, you can retire with $2m in the bank.
You’ll take $80k a year for the rest of your life without depleting the balance.
Here’s your road map for retiring in 10 years, if you start today 🗺️:
1️⃣ Commit to developing the skill of being a course creator. Create one flagship course.
2️⃣ Develop your skills to sell 300 a year at $1000 each. That’s $200 - $300k. Spend one third of that on expenses/tax, a third on your salary and set a third aside ($120k a year).
3️⃣ Invest the one third you set aside into assets (eg stocks, property). In ten years assuming a 10% average annual return, you’ll have over $2million.
4️⃣ At this point, you’ll have the option to retire early. Spend 4% a year each year after that forever and you’ll have $80,000 in annual income without depleting the balance (Google the 4% rule).
5️⃣ But if you do it right? You’ll probably still be loving what you do so much you don’t even WANT to stop anyway.
This, my friends, is what it means to build a lifestyle business.
👉 The price for Lifestyle Business School is going UP by up to $900USD on 31 October at 11.59pm (Australian AEST time) Click here to join before the price rise. New extended payment plan just introduced.
Want more?
📫 Subscribe to the Newsletter:
For Expertise-Based Founders ready to engineer a lifestyle business that passes the Monday Morning test with flying colours. Get one actionable step each day, and then weekly thereafter. Subscribe here.
🎧 Subscribe to the Podcast:
With 1m downloads, make sure you hit the follow/subscribe button right now.
🎓Join Lifestyle Business School:
Get the complete Operating System for starting or growing an expertise-based online business to the Lifestyle Business Sweet Spot. Click here to join today.
📲 Instagram:
Follow Stevie on Instagram at https://www.instagram.com/steviedillon_
Información
- Programa
- FrecuenciaDos veces a la semana
- Publicado23 de septiembre de 2024, 16:00 UTC
- Duración38 min
- Temporada5
- Episodio260
- ClasificaciónApto