I Want To Own My Own Business And Make 100k A Year+ But...

[Spider]

Okay, Mike - let's recap a little. I want to make sure we don't leave any stone unturned that might be another resource for the new YOU that you are going to create.

1. In your very first post, you said, "My dream would be to run a NFL franchise..." Is that a dream you have or was that a throw-away line? If it was something you had dreamed of since you were a child, we cannot dismiss it. "If onlys" can come back to haunt us and we need to make sure that doesn't happen. If it was a throwaway line, that's okay, and we don't need to concern ourselves with it. If it was/is a real desire, we have to deal with it. What was it? A dream or a throwaway?

2. You also mentioned owning a gym. A sports franchise, a gym - there seems to be something lingering there. Something tickling the back of your mind. Can you identify what is going on here?

3. Several times you have mentioned school. Are you currently studying? Tell us a little about this - what you are studying, where and why.

4. I asked you, "Look around your local area - are there any people you see who you consider successful? Are they any smarter than you? Chances are they know more than you - that's how they gained success - but are they SMARTER than you?"
You didn't actually answer that one so let's take it one step further - WHO in your local area do you consider hugely successful? Look around, read the local papers, whatever - Identify three people you consider the most successful people in your town or your part of town if you live in a big city. You are going to meet these people one day and we might as well start finding out about them. Tell us who they are. (First name only, position, type of business. You keep the details to yourself.)

5. The first question on my list of questions was : Do you think you will be more or less resourceful by telling yourself that you can't do this and you can't do that and that you're screwed?
And you answered More resourceful.
X More resourceful ___Less resourceful
Indicating that telling yourself you cannot do things makes you feel MORE resourceful, not less. Did you believe that or was my question not clear?

6. I said, "Stop saying I'm screwed. Forbid yourself from ever using that phrase again. Find some other positive phrase you can use instead and tell us here what that new phrase will be." What alternative phrase will you use instead of "I'm screwed."

Still to Come - "Things take time" and your rewritten post "Fortunately I am 27..."

[MoneyMike_111]

Originally Posted by Spider

Okay, Mike - let's recap a little. I want to make sure we don't leave any stone unturned that might be another resource for the new YOU that you are going to create.

1. In your very first post, you said, "My dream would be to run a NFL franchise..." Is that a dream you have or was that a throw-away line? If it was something you had dreamed of since you were a child, we cannot dismiss it. "If onlys" can come back to haunt us and we need to make sure that doesn't happen. If it was a throwaway line, that's okay, and we don't need to concern ourselves with it. If it was/is a real desire, we have to deal with it. What was it? A dream or a throwaway?

2. You also mentioned owning a gym. A sports franchise, a gym - there seems to be something lingering there. Something tickling the back of your mind. Can you identify what is going on here?

3. Several times you have mentioned school. Are you currently studying? Tell us a little about this - what you are studying, where and why.

4. I asked you, "Look around your local area - are there any people you see who you consider successful? Are they any smarter than you? Chances are they know more than you - that's how they gained success - but are they SMARTER than you?"
You didn't actually answer that one so let's take it one step further - WHO in your local area do you consider hugely successful? Look around, read the local papers, whatever - Identify three people you consider the most successful people in your town or your part of town if you live in a big city. You are going to meet these people one day and we might as well start finding out about them. Tell us who they are. (First name only, position, type of business. You keep the details to yourself.)

5. The first question on my list of questions was : Do you think you will be more or less resourceful by telling yourself that you can't do this and you can't do that and that you're screwed?
And you answered More resourceful.
X More resourceful ___Less resourceful
Indicating that telling yourself you cannot do things makes you feel MORE resourceful, not less. Did you believe that or was my question not clear?

6. I said, "Stop saying I'm screwed. Forbid yourself from ever using that phrase again. Find some other positive phrase you can use instead and tell us here what that new phrase will be." What alternative phrase will you use instead of "I'm screwed."

Still to Come - "Things take time" and your rewritten post "Fortunately I am 27..."

1.) Dream. Not a longstanding one, but the idea of running a freakin NFL franchsie would be awesome!! Id be like Jerry Jones lol

2) I always have been into the gym. Not so much anymore, but I still do go and hope to get back into it. Problem is, theres gyms all over the place anymore...and theyre cheap!

3.) EMT Certification, community college. Im looking for an exciting job. Maybe ill use it as a precursor to get into Nursing or the Security field (preferably Casino security in Atlantic City if it survives - I live in Philly area)

4.) Dave, Owner, Gym (know this guy)
Chris, Police Officer, Govt. (my brother lol)
Lisa, Attorney, Court House

5.) No it was clear. I am actually trying to change my thoughts over the past few days to "I can do this" "i can make money" "I can succeed" "i will find something" etc

6.) "I will figure this out!"

[Spider]

1. NFL - Doesn't sound like it's a really powerful dream. Not something you'd move mountains for. Or is it?

2. Gym - Likewise - Not something you'd move mountains for?

What I'm listening for, Mike, is something from the gut - Not, "Hey! That would be cool!" but instead, "Oh, boy! I ABSOLUTELY HAVE to do that! I'd do ANYTHING to get that!"

3. Training. I'm glad you are training for something - that tells me (and anyone else interested in you) that you are improving yourself and working towards a better future. Why EMT? And where's the connection to Nursing and then Security? What is your heart telling you about these occupations?

4. Successful people : Two questions here --
a) Why these people - what is specially successful about each of them that you want to emulate?
b) I was really suggesting people like Brian Roberts, chairman and CEO of Comcast, headquartered in Philadelphia, I believe - people who you might have no chance of meeting now, but whom you could hope to meet in the future.

5 & 6. Excellent! "I will figure this out," is perfect, Mike. "I can" says I am capable but that doesn't mean I will. "I will" is definite and committed. I love it!

Plenty of questions to be answered. I look forward to your response.

[MoneyMike_111]

Originally Posted by Spider

1. NFL - Doesn't sound like it's a really powerful dream. Not something you'd move mountains for. Or is it?

2. Gym - Likewise - Not something you'd move mountains for?

What I'm listening for, Mike, is something from the gut - Not, "Hey! That would be cool!" but instead, "Oh, boy! I ABSOLUTELY HAVE to do that! I'd do ANYTHING to get that!"

3. Training. I'm glad you are training for something - that tells me (and anyone else interested in you) that you are improving yourself and working towards a better future. Why EMT? And where's the connection to Nursing and then Security? What is your heart telling you about these occupations?

4. Successful people : Two questions here --
a) Why these people - what is specially successful about each of them that you want to emulate?
b) I was really suggesting people like Brian Roberts, chairman and CEO of Comcast, headquartered in Philadelphia, I believe - people who you might have no chance of meeting now, but whom you could hope to meet in the future.

5 & 6. Excellent! "I will figure this out," is perfect, Mike. "I can" says I am capable but that doesn't mean I will. "I will" is definite and committed. I love it!

Plenty of questions to be answered. I look forward to your response.

1 + 2. - nope lol

3. - Looking for something that isn't boring that will keep my interest up. Plus I like to work with people. EMT is similar to nursing in that they both are healthcare and nurses make good money and only work 3 days per week!

Security is more im thinking Casino security...like I said I like to work with people so the Casino industry is perfect for that. An EMT cert will not only improve chances of being hired but also give e more advancement opportunity as in the Casino they have EMT/Security guards.

4. - a.) They are very strict and work very hard. I don't know if that's me tho. Im not so rigid and I don't work that hard. lol

b.) I wasn't evebn thinking of someone like that...

5 + 6. - thank you!

[MoneyMike_111]

Duuuuddddee!!!

I just stumbled upon the most AWESOME idea ive had yet!

So I want my own business...check.

I think the coolest, funnest, most exciting business would be owning a sports franchise...check.

I have casino experience (working there)..check


BUY A DAMN RACEHORSE!!!

That would be sooooo much fun if it worked out!!! I could just imagine being out there learning the ropes and learning how to be a trainer myself (rather than just an owner)...become a trainer..start winning....get more money....invest in more horses...buy a house with a lot of land out in Jersey and build stables and train my horses all day to be winners!

This sounds AMAZING!

thoughts? maybe im just dreaming...lol

[Spider]

Hey! That sounds fabulous!

Do you know something about horses and horse racing?

[Logan]

Can you get any experiences working with race horses before taking the steps to buy one? Always cheaper to learn from others first, and make mistakes while learning (which we all do) on someone else's ride ...


I'd start there, and also consider the horse if there is any chance you will get bored with it in a few months.

[MoneyMike_111]

Originally Posted by Spider

Hey! That sounds fabulous!

Do you know something about horses and horse racing?

Just alittle...I actually stumbled upon the idea when I was trying to learn more about the reading of the DRF.

Apparently what I read online though, its basically gambling tho.

[MoneyMike_111]

Originally Posted by Spider

Hey! That sounds fabulous!

Do you know something about horses and horse racing?

Originally Posted by Logan

Can you get any experiences working with race horses before taking the steps to buy one? Always cheaper to learn from others first, and make mistakes while learning (which we all do) on someone else's ride ...


I'd start there, and also consider the horse if there is any chance you will get bored with it in a few months.

From what Ive been reading I can buy shares in a horse and I guess learn from other share holders...

[Spider]

Well, Mike, I was kinda hoping you would answer that you were raised on a farm, or have been riding since you were 3 years old, or was a 4H member in high school and worked with horses -- something to associate yourself with a desire to be a horse-owner and eventually a racing horse breeder.

I have a feeling that there's more ****-shoveling and feed-hauling to this than there is mixing with the gentry in the Winner's Circle at a race meet.

I have an idea for you--

Make a list of all the steps that would have to be taken -
Finding a horse you could share
Buying a share
Who pays for the feed and stabling before the horse makes any winnings?
What is the next step to owning a horse outright
Where will you stable it.
How to become a trainer
... and so on.

Think it through and write down the steps. Then put a timeline next to each step - How long will it take you to get from where you are now to each step along the journey.

It's certainly not impossible, Mike - and I am impressed you can think so big (I love that part!) but you need to know what you are getting into. Your research should be fairly easy with the internet.

Here's another exercise that is worth doing --
Make a list of all the great and fabulous things that you would get out of being a race horse owner and a race horse trainer. Then make a list of all the not-so-fabulous things that come with the package (the ****-shoveling, etc.)

Big questions
Is the timeline from the first list something with which you would be comfortable?
Is the crap from the second list worth all the glory you will experience.

Make your lists and let's see them here.