Today I have an update for you from a previous millionaire interview.
I’m letting three years pass from the initial interviews to the updates, so if you’ve been interviewed, I’ll be in touch. 😉
This update was submitted in July.
As usual, my questions are in bold italics and their responses follow…
OVERVIEW
How old are you?
I am 49 years old, and I became single in 2020 after being married for four years.
Getting married in the first place was a mistake I shouldn’t have made, but I’m grateful for finding the courage to rectify it and move forward.
Presently, I’m happy and living the best days of my life!
Do you have kids?
No kids.
No plan to have any kids.
What area of the country do you live in urban or rural?
Southwest, Rural.
But recently I have purchased a vacation home in Asia, where I spend 30% of my time.
What was your original Millionaire Interview on ESI Money?
I was MI-77 back in July 2018, so it has been 5 years.
Is there anything else we should know about you?
A lot has happened since I became single back in 2020.
I wake up every day at 5 am to meditate, swim and read. I started investing in the stock market and I sold one of my businesses.
Additionally, I’ve broadened my travel horizons beyond North America and Europe to include South America and Asia.
NET WORTH
What is your current net worth and how is that different than your original interview?
At this moment, my current net worth stands at approximately 20 million dollars, which marks a significant increase from the 6.5 million it was in 2018. Within just five years, I was fortunate enough to triple my net worth.
Here’s the detailed breakdown:
- Rental properties make up 12.5 million dollars of my net worth.
- The value of my primary residence is 450k.
- I also own a vacation home in Asia valued at 850k.
- Within my brokerage accounts, which include both my retirement accounts and personal trust account, I have accumulated 6.2 million dollars.
What happened along the way to make these changes?
1) I sold my medical business.
Despite generating a monthly income of around 30-50k from this particular business, managing the staff always posed a challenge. Dealing with the various dramas that come with employing people led me to sell the business for the sake of my sanity.
2) I decided to shift my focus to my apartment rental business.
Initially, my grand plan revolved around using the profits from the medical business to create a secondary source of income through apartment rentals. Nevertheless, following the sale of the medical business, I am now wholeheartedly dedicated to expanding my apartment rental business as my primary source of income. Moreover, I intend to leverage the rental business to establish a fresh secondary source of income by investing in the S&P 500.
My goal is to invest a total of 10 million dollars in the S&P 500 index fund before January 2027, but as of now, my investments stand at 6.2 million dollars. By adhering to the 4% rule, this investment should yield an annual return of around 400k.
Considering potential market fluctuations and taxes, I expect a net income of around 200k, which will comfortably exceed my annual expenses of approximately 180k.
3) I am still not sure what I will do with my apartment business in the future.
Option 1 is to sell all my buildings, which will generate anywhere from 10 to 15 million dollars, depending on where the real estate market is at, and just pay the extremely high amount of tax. Or option 2 is to do a 1031 exchange and buy a high-end residential building, then hire a property management company to run it.
Obviously, with a property management company running it, I wouldn’t have to worry about it at all, but I will be netting 30-40% less money with the management company taking a cut. The good thing is I still have 3-5 years to think about what I want to do.
What are you currently doing to maintain/grow your net worth?
I am growing my net worth by performing forced appreciation with my apartment units. This means that every time a tenant moves out, I will renovate the apartment so I can raise the rent.
As my rental income goes up, my operating net income increases, which also increases the value of the building.
Of course, with the uncertainty of inflation and the possibility of a recession, there is also a chance that I may have to reduce my asking rent. However, I do not expect it to be a roller coaster ride like the stock market.
EARN
What is your job?
I have diversified my income streams, apart from my investments in the stock market, and they come from three sources:
- I am now a full-time landlord, although it only requires about 2-3 hours of my attention per week to manage my 110+ apartment units. I’ve established an efficient system for running the business, which has allowed me to write a couple of books about it. If anyone is interested, they can find my three books by googling “Amazon Jason A. Scott”. With regards to my rental units, I am generating a net income of approximately 60k to 80k per month after accounting for all expenses.
- I have two YouTube channels that I started for fun, as I am passionate about tennis and baseball. While I had no intention of making money from them, my baseball channel now brings in around $500 to $800 per month. The tennis channel is not generating any income yet, but that does not bother me at all since I see them as enjoyable hobbies rather than work.
- Another source of income comes from the three books I am selling on Amazon. My interest in writing was sparked after I published my first millionaire article on ESI Money. During the 8-month period of staying at home due to COVID in 2020, I wrote my first book, which details how I manage my rental empire with minimal time investment. In 2021, during a 14-day quarantine in a hotel while traveling to Asia, I wrote my second book, sharing principles and good habits I adhere to. Recently, I published my third book, recounting humorous tenant management stories. While I have not focused much on marketing these books, they bring in some income. Nonetheless, the joy I find in writing and the satisfaction of potentially helping fellow landlords outweigh any monetary gains.
What is your annual income?
My annual income is composed of the following sources:
- Around 800k from rental properties
- An additional 240k from index funds (based on a 4% rule with 6.2M invested)
- Approximately $1000 per month from books and YouTube channels
This sums up to about a million dollars annually.
How has this changed since your last interview?
Over the past 5 years, my life has undergone significant personal and financial transformations, with the most notable changes being:
- My sources of income have shifted: Previously, I relied on both my medical and rental businesses for income. However, my current income now comes from my rental business and investments in index funds.
- Interestingly, my decision to explore investing in the stock market came after my first millionaire interview on ESI Money, where readers suggested I look into it. So I delved into investment literature, and after reading five books on the subject, four of them recommended cost averaging investing in Index Funds, particularly S&P 500 funds. Intrigued, I began investing a portion of my monthly income in funds like VOO, and it proved to be a successful venture. Consequently, it became my third source of income, alongside my other two businesses.
- My marital status changed, and I am now single. With newfound freedom and no one dictating my lifestyle or spending habits, I have been able to indulge my passion for travel.
- My goal is to visit 8-10 new cities each year, focusing on places I have never been to before. In the past four years, I have been fortunate to explore more than 30 new cities.
- Moreover, thanks to a prenuptial agreement, my financial setback from the divorce was minimal, for which I consider myself extremely fortunate. For those considering marriage, I highly recommend reading Kevin O’Leary’s book on the topic before making such an important decision. Marriage is a life-changing choice that can either be a boon or a setback. Marrying the wrong person can lead to significant financial setbacks that could take a decade or more to recover from, so it is not a decision to be taken lightly.
Have you added, grown, or lost any additional sources of income besides your career?
I added multiple sources of income: the 2 YouTube channels, and the 3 books I published on Amazon, as I listed above.
And of course, the 6 million I have invested in the S&P 500 and money market, which is hopefully generating a 4% return annually.
On the other hand, I lost the income from my medical business when I sold it.
SAVE
What is your annual spending and how has it changed since your interview?
In 2018, my personal expenses amounted to around 4k per month, with an additional 5k per month dedicated to traveling, bringing the total to 9k per month.
However, as of 2023, due to inflation and rising costs, my monthly expenses, including both personal and travel expenses, have increased to approximately 15k. This reflects a substantial 50% rise in my total monthly expenses over the span of just 5 years.
Fortunately, my income has also experienced significant growth during this period.
What happened along the way to make these changes?
Regarding my expenses, both personal and travel-related, the main change is that I now need to allocate more funds each month due to inflation and increased costs.
Notably, my travel frequency has also risen, with an average of one trip per month. Nevertheless, I find enjoyment in every trip, regardless of the destination. I firmly believe that with a positive attitude, one can have a wonderful time wherever they go.
Throughout my journeys, I wholeheartedly embrace solitude, utilizing this time for deep self-reflection and personal development. This continuous process of self-discovery has granted me valuable insights about myself, which I believe profoundly contributes to my overall success.
INVEST
What are your current investments and how have they changed over the years?
Instead of allocating 10-20k per month to various individual stocks like Tesla, Alibaba, Moderna, and Wynn, I made a significant change in my investment approach. I decided to sell all those stocks and consolidate my funds into S&P 500 index funds.
My investment strategy now follows a systematic routine: On the 5th of each month, once I’ve collected all the rent from my rental business, I transfer the entire amount to my brokerage core account. From there, two-thirds of the money is invested in index funds like VOO, while the remaining one-third goes into the money market, currently yielding around 3.5%.
By employing the cost averaging method and setting up automatic investments beforehand, I consistently invest on a fixed date every month, irrespective of market fluctuations. This approach has proved effective for me, and I firmly believe it’s the most reliable way to generate returns in the market. I have no intention of reverting to buying individual stocks or industry-specific ETFs. Even during challenging periods like the Covid pandemic and the Silicon Valley bank crisis, I experienced strong returns.
Nowadays, I hardly pay attention to the market; instead, I devote my time to traveling and focusing on what truly matters to me, such as spending quality time with my loved ones. I believe that this worry-free and stress-free investment strategy is the way to go.
What happened along the way to make these changes?
Recognizing that I cannot predict the market, nor possess the wisdom of Warren Buffett, and most certainly lack any insider information, I have chosen to adhere to my cost average method in investment. By automating the transfer and investment of funds based on my specifications, I only need to set it up once a year.
As a result, I spend approximately 10 minutes annually managing this particular source of income. If everything proceeds as planned, this approach promises to be the most productive and efficient income stream for me 🙂
To expand on my investment approach, as mentioned earlier, I allocate 1/3 of my monthly income into the money market. At present, my money market holdings amount to approximately 1.8 million, which I have divided into four lots.
I placed four separate orders to buy VOO at specific strike prices. This strategic maneuver allows me to capitalize on potential market downturns, enabling me to acquire more shares at discounted prices.
As a result, I find myself content each day, regardless of the market’s performance. When the market rises, I stand to make a profit, and in the event of a decline, I can accumulate more shares at favorable rates. Essentially, my investment strategy positions me to generate gains regardless of the prevailing market conditions.
MISCELLANEOUS
What other financial challenges or opportunities have you faced since your last interview?
Over the past two years, I have observed a significant surge in all my business expenses due to inflation. For instance, supplies for my apartments that used to cost $100 at Home Depot now amount to $150 or even more.
Additionally, other rental business expenses have also seen notable increases. For instance, my business insurance has doubled in the last five years, and the upward trend continues.
Fortunately, I have a solution in place to tackle these rising expenses: I can adjust the asking rent to accommodate the additional costs.
Regarding my previous medical office business, the situation was even more challenging. Operating costs escalated, but the most formidable obstacle was managing human resources (HR). With an extremely low unemployment rate in my area, I had to raise my existing employees’ salaries by over 25% just to retain them.
Unfortunately, hiring new staff proved nearly impossible, as candidates either lacked the necessary qualifications or demanded exorbitant salaries. These challenges ultimately led me to make the decision to sell that particular business.
Overall, what’s better and what’s worse since your last interview?
I never dwell on the past, as I believe that each obstacle presents a challenge that I can conquer and gain valuable insights from. I approach everything with a positive mindset, knowing that there is no problem too daunting for me to handle.
I also realized that once I have the financial resources, 99% of the problems are not really problems anymore. Anything that I can throw money at to get peace of mind, I would happily do it without hesitation.
What are your plans for the future?
I am incredibly fortunate to have both the time and resources to indulge in travel. Over the past decade, I have been blessed to visit numerous captivating places such as Paris, Budapest, Prague, Vienna (twice), Geneva, Lucerne, Venice, Florence, Rome, Iceland, Barcelona, Sao Paulo, San Juan, Lisbon, Sicily, Hokkaido, Sapporo, Kyoto, Vietnam, Phuket, Taipei, and many more.
There’s nothing quite like exploring a new city, immersing myself in its unique culture, savoring delectable local cuisine, and meeting fascinating people from diverse backgrounds. Traveling truly brings me immense joy, and now I plan to embark on one ‘mini-vacation’ each month.
My plan is to spend 1/3 of my time in the States, 1/3 of my time in Europe, and 1/3 of my time in Asia. That is the reason I spent 850k to purchase and renovate a condo in Asia. I figure since I will spend a lot of time there, I might as well buy a place in Asia and use it as a base for me to travel to all the Asian countries.
A side note here, I have a profound love for Japan, which is one of my favorite places in the world. Japan’s breathtaking locales, heavenly cuisine, and serene onsens or hot spring hotels have left an indelible impression on me. If you have not experienced it yet, I highly recommend adding it to your lifetime must-visit list!
My financial target for 2027 is to have a minimum after-tax income of 200k from the 10M I invested in the S&P 500. Along with this fixed income, I’ll also benefit from my rental business if I decide not to sell it. Achieving this would offer me considerable financial security.
Now, my focus is on maintaining a healthy lifestyle—eating right, getting sufficient rest, and exercising daily—to savor my wealth and lead a fulfilling life for as long as possible.
Given that you have a bit more wisdom and experience, what advice do you have these days for ESI Money readers?
1) Definitely read as much as you can.
I read every day, or at least 1 book a week. I think I have read over 250 books in just the past 5 years.
Sometimes people would ask me what the secret to my success is, and I would tell them to read. Depending on what they do or where they are in their career, I would even recommend some books to them. But guess what, out of 10 people I recommend books to, only 1 would actually take the time to read a book. Unbelievable!
And the excuse they would give is that they don’t have the time. WTH? You can’t make time to read a book so you can improve yourself and make more money?
After a while, I stopped telling people anything when they asked me how to be financially successful. I realized that most people are just not ready. There is a saying, ‘when a student is ready, the teacher will show up.’ This is so true.
As far as the type of books I read, I used to read books that would help me with my medical and rental business, so I would read stuff from Brian Tracy, BiggerPockets, or real estate gurus like Brandon Turner. But now, as I am getting older, I started to read books on Stoic philosophy or books by authors such as Robert Ringer and Robin Sharma. All the books I read are very practical, as I get to use them in my everyday life.
I would be more than happy to share my reading list if any of you are interested. Simply ask me in the comment below.
2) As my circle of friends has diminished significantly over time, it has been a valuable lesson for me to understand that I cannot carry everyone in my life.
Some of the friends I grew up with are no longer part of my daily interactions, not because they mistreated me or anything of that nature, but simply because as I continued to learn and grow, most people tend to remain in their comfort zones, and our paths diverged.
While it is unfortunate, I have come to accept that it is a natural part of life. Friendships, like any relationship, can be temporary, with different friends entering and exiting our lives as we progress through various phases. This ebb and flow of friendships is neither good nor bad; it is simply the reality we all experience.
3) Prioritize spending time with the friends and family who genuinely matter to you, and do not invest a single moment in “superficial friends” or seeking validation from others.
Instead, focus on being kind and considerate to those around you, recognizing that they are in your life for a significant reason – because they care deeply about you!
4) Happiness holds a unique meaning for everyone.
In my case, I have discovered my sources of happiness lie in the following activities:
- Immersing myself in classical music
- Embarking on trips to exotic destinations
- Indulging in books
- Reflecting in solitude
- Maintaining a daily routine and exercise regimen
- Practicing meditation
- Prioritizing restful sleep
- Treating myself to a soothing deep tissue massage twice a week
Moreover, I have come to realize that I am solely responsible for my own happiness, not that of anyone else’s. This understanding empowers me to stand firm against any attempts to manipulate or guilt-trip me into actions or emotions that do not align with my well-being.
5) I believe that adopting the habit of waking up early each day has played a pivotal role in upholding a disciplined lifestyle, which, in turn, has propelled me to achieve success within a relatively brief span of time.
Moreover, I attribute a significant part of this success to cultivating the right mindset, recognizing that positive change frequently originates from within ourselves.
6) I have come to realize that the most crucial aspect of life is having good health and learning to cherish every small moment.
I’ve also learned the value of distancing myself from unnecessary dramas, as they can jeopardize my inner peace.
Great discussion! I would be interested in seeing your reading list.
Some of my favorites:
The Gap and the Gain
Buy back your time
Looking out for #1
Men, Woman & Money
The 5am Club
Daily Self Discipline
Essentialism
The power of habit
The obstacle is the way
Miracle morning
YOur next five moves
Die with zero
How rich people think
Think & grow rich
The old money book
Winning through intimidation
Think like a monk
The art of simple living by Masuno
The slight edge
Happy Money by Ken Honda
The wealthy Gardener
The one thing
Your money or your life
Apartment Management books:
-2 books by Chad Carson
-any book by Brandon Turner
-any book by John W Schaub
-my 3 books on Amazon (Jason A Scott)
An interesting read about an unusual setup thanks. That international living will get really challenging for taxation- good luck with dealing with that !
The author moves around quite a bit so likely does not trip individual country tax liability. The trigger for most countries is six months in a single county. But of course consult your tax advisor.
Maybe. If you move around within the US like this it’s an absolute nightmare. Work 1 minute in CA, as an example, and you must do a CA tax return and figure out the way to the handle to implications to home state too.
Great read. I would like to get a list of books you read, both financial and practical books. 🙂
Thank you!
Thanks for reading Wind. Please see above comment for a list of my favorite books. Not sure what you mean by “practical books”. But I can share with you that one of my favorite book is Tim Ferris’ 4 hours work week. I read this book 10 years ago and it completely transformed my life. Good luck!
Appreciate this share. It’s nice to do a read through here from someone who’ is an entrepreneur and understands the true cadence of money. Ive never seen anyone “get rich” in the stock market prior to owning a business or real estate (which is also a business).
What stands out to me here is that you’ve chosen – and probably long ago – to live intentionally and by design. Another point you make about friends is very on-point. Most people simply don’t evolve and most have plenty of criticism for “why you can’t do that “. See the comment above. lol.
I have Roosevelt’s “Man In The Arena” in my study at home and also on the wall of my office reminding me. God I’ve made $millions from the motivation I got from the nay-sayers.
I’m in a position much like you except I haven’t sold my business – which is almost totally passive. My 2nd business is rental real estate and development. We buy and hold and we are now building and holding – although I do it remotely through our contractors and project managers.
For me, the real estate has been the key. It’s helped me save $100k per year for many years against my earned income. ( I’m Millionaire 124 with a follow up 4 years later )
You mention that you listen to many of the podcasts and read the books I’ve read. You didn’t mention how and why you got into real estate and the favorable tax savings in scaling RE.
I have a client who is a physician and he’s making far more money now on real estate and working less.
Just a great relatable share. I look k forward to picking up your book.
All the best.
Thank you for reading M-124. You’re accurate in noting that I’ve chosen to live differently than most people. Happiness is subjective, and there’s no universally right or wrong way to live. I dedicated time to introspection, engaging in some “soul searching” to determine the lifestyle that resonates with me, rather than blindly following the crowd. Regarding naysayers, you’re spot on; there are quite a few of them, irony is they are usually ones close to me:P Also, thanks for the book recommendation. I just picked up the “Man in the Arena” ebook on Amazon, and I’m confident I’ll enjoy it!
I would definitely be interested in your reading list. Interesting in financial and just general living a better life type books.
Thanks for reading Debbie. Please see above book list. As for better living, I truly enjoy books by Robin Sharma and Wayne Dyer. Good luck!
I hope you find true Love because now it will be difficult not knowing is it you or the Money. Hey there’s always a man’s best friend 🧡
Not sure which part of my post give you the impression I am looking for anything. I think I am very happy with everything the way it is now. But thanks anyways Talia. Good luck!
I would definitely be interested in your reading list – please share. I’m retired and enjoy reading across many subjects.
Thanks for reading Bill. Please see above reading list. I also read across many subjects, but now I really enjoy books on simple living and self discipline, also books on Stoic philosophy. Good luck!
This was a great read. I d be interested in your top 5 financial books you liked
Thanks for reading Leigh, please see above reading list. I really like Think & Grow Rich, and Richest Man in Babylon. Good luck!
Enjoyed the update, thanks!
I am curious if you will have to change anything with regards to your apartments when you live in Asia. Time shift will be a pain and your phone calls to your repair folks, etc. will be a bit more expensive, but it sounds like you could still manage your apartments half a world away. Do you see any problems?
Thanks for reading Mi-325. Due to my inclination toward a more “lazy” approach, I prefer running a business where my direct involvement in day-to-day operations is unnecessary. Instead, I focus on establishing a system that allows me to oversee and manage the business remotely from any location. I firmly believe this is the optimal approach for any entrepreneur. Although it wasn’t an easy feat, I went through numerous trials and errors to develop a system that enables me to handle over 100 tenants from hundreds of miles away. While delving into the specifics here might be challenging, you’re welcome to explore the details in my book available on Amazon. Best of luck!
WoW. Excellent job…..Do u manage 100+ units yourself? If so , how do you do it? Are you fielding calls/text/emails, handling and processing repair request and then handing off to contractors/handymen? How are u doing it? More insights would be helpful
Yes, I acutally self-manage for 100+ tenants. And yes, I do all the tasks myself, or most of it. It’s not difficult if you have a system. Please see my answer above. Thanks for reading DJ.
Incredible! Excellent write up. Very motivational too…..I learned a ton… what are your top 10 real estate financing books? Thanks,
Thanks for reading MJ. Please see above book list and my other comments. As for good RE books, I like books by Brandone Turner and Chad Carson. Good luck!
Curious as to where in Asia your 2nd home is located and why you chose that location.
Thanks for reading Philip. I acquired a vacation home in Taipei, a particularly foreigner-friendly city in Asia where English is widely spoken. The presence of familiar American brands like Starbucks, Outback Steakhouse, and TGI Fridays adds to the comfort. A notable aspect I appreciate is the abundance of convenient stores on every street corner, creating a sense of safety for late-night strolls with an almost negligible crime rate. Taipei boasts numerous gyms, parks, and hiking trails in close proximity, eliminating the need for a car due to its excellent metro system, ranked among the world’s best. Moreover, the city’s strategic location allows for convenient direct flights to various Asian cities, a crucial factor for someone like me who travels extensively.
Hi Mi-77, curious why you chose Taipei instead of Tokyo or Osaka as I imagine Taipei real estate is more expensive than those 2 Jap cities (ok, central Tokyo like Shibuya is freaking expensive too).
Both countries experience natural disasters like earthquakes and typhoons.
Is it the Jap language barrier though you can get by with English in any major Asian city.
While I truly enjoy exploring Japan for its delicious cuisine and relaxing hot springs, the language barrier often poses a challenge for me. In contrast, I have the impression that Taiwanese people are generally more welcoming to foreigners and more inclined to communicate in English, though I acknowledge that my perception might not be entirely accurate.
Thank you!! One of the best updates I have read. So much of this is relatable and really resonates with me. I have a similar plan that I’m developing now. This was an inspiring and motivating read to keep me focused on my path.
Thank you for taking the time to read M180. I’m pleased that my experiences resonate with you. I consider myself fortunate to have initially ventured into the medical field and later transitioned into commercial real estate. Throughout my journey, I’ve been blessed with the support of numerous individuals and insightful books. While the path has been challenging and gradual, I encourage you to persevere. The rewards of success at the culmination of your efforts are truly worthwhile. Best of luck on your journey!
Excellent work, it’s nice to see someone at the young age of 49 be so successful, congrats! I’ve been to Japan many years ago and I too fell in love with it. The people, food, and culture, like you say are so wonderful. It’s a very safe feeling place too, even in Tokyo, I never felt unsafe. Congrats again and keep up the great work!
Thanks Jim, I appreciate your kind words. Yes, you are right, most Asian countries like Japan, Korea, Taiwan and Singapore are very safe for travellers. I guess what’s why I bought a vacation home there. I just got back from Okinawa, will travel to Hanoi and Thailand in couple of month. You Jim? any trip coming up? btw, have you written a Mi update as well?
Can you share more details about your prenup. My email is [email protected] if you want to send it privately. I have a similar profile to you with the real estate and I am planning to get married next year and your prenup terms seem to be solid. I live in Texas btw.
As I mentioned in my previous comment, I was fortunate to emerge from my marriage with minimal damage. However, it’s important to note that no prenuptial agreement is foolproof. The other party may argue that they signed the prenup under duress, and there’s a 50/50 chance that a judge could choose to invalidate it. My attorney informed me of this reality after the divorce was finalized, and I consider myself extremely lucky. Regarding the actual prenup, I recommend you to consult with an attorney who specializes in family law. Additionally, as mentioned earlier, I suggest reading Kevin O’Leary’s book on marriage, particularly focusing on the financial aspects. He provides valuable insights on this topic. Best of luck! By the way, which “Mi” are you?
Thanks for sharing! It’s amazing the financial success you’ve had prior to reaching 50 years of age.
I appreciate your encouraging words, Mi-343. I feel incredibly fortunate to have entered the right industry at the opportune moment. I’m also blessed to have received support from numerous individuals throughout my journey, and I’m profoundly grateful to each one of them.
What an uplighting story, you’ve really gone and done what you read in the books! It seems there is a typo, you were Interview 77. I saw this in your original interview. What books led you to just start a health care business like that? And since you live in a rural area, do you feel it was easier to save for a down payment and start those?
Both businesses I have, I started from scratch. I did not know anything about either industry, nor did I know what I was doing at the beginning. I just pick up books and learn as much and as fast as I can, then just apply what I learn when I go to work the very next day.
Love your lifestyle and how you practice wellness. Do you have a Donor Advised Fund? You mentioned giving to charity, could be a good strategy tax wise.
Thank you for your kind words. To answer your question, my entry into the medical field was somewhat accidental. A family member already involved in the field guided me initially. I then conducted extensive research on the industry, identifying demographics and geographic areas with significant demand for the specific service I intended to offer. Before opening the business, I dedicated a considerable amount of time to research and planning. Fortunately, the business had a remarkable start, achieving record revenue in the very first month of operation!
Thanks for your follow up / lots in there. I will need to reread it a few times to get all the nuggets. Thank you for the list of books you posted in response to others questions.
Also found it particularly interesting that you’re running a couple of websites. I’d be interested in books or your thoughts on creating or buying/maintaining/monitizing these sites. Been thinking g about creating a few as I approach retirement.
As a passionate enthusiast of Major League Baseball and an avid tennis player, I’ve established a couple of YouTube channels dedicated to these two hobbies of mine. The primary goal is purely for enjoyment rather than financial gain. Considering Google’s algorithm for video searches, the prospect of generating substantial income on YouTube seems challenging. The time invested in creating videos doesn’t necessarily align with the monetary returns. Nevertheless, as I pursue these channels for the sheer joy of it, the compensation aspect is of lesser concern to me. Hope that helps, good luck!