1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Attempt to Retire in 18 Months Starting with Nothing

Discussion in 'My Journey Discussions' started by PinkChicken, Jan 21, 2014.

  1. PinkChicken

    PinkChicken Newbie

    Joined:
    Jun 21, 2009
    Messages:
    23
    Likes Received:
    9
    Location:
    Cape Town
    I?ve learned a huge amount from this forum over the years and starting with zero money, I am going to attempt to retire in 18 months on the income I earn both online and offline, using the skills I've learned over the past 46 Years of my life. My bloated ego believes you'll be interested in finding out if I can do it or not. :)

    The basis of the experiment is to see if I can double my money 14 times to secure the amount of money I calculate I need, to live comfortably on my current income. You will have different goals, skills and experience but the key is to set achievable goals and stick to them as if your life depends on it. To give you an example of where I?m at and what skills and experience I have, I decided to present this by way of a narrative. This is my story...

    Work Experience:

    I've been earning an income since I was about 9-10 years old.


    • Gardening services to neighbours,
    • collecting newspaper/cardboard for recycling,
    • catching moles etc.

    Next I tried breeding white rats which was quite profitable until the bubble burst as more and more sellers drove the prices down.

    Macram potholders and lampshades in various colours were a big seller until people came to their senses and realized how horrible they actually looked, I also got bored.

    As I got older I looked for easier ways to earn cash, acted in plays and musicals and then adverts for film and TV. These are all possible to do now to get you started.

    My daughter (15) trades clothes and handbags and my son (12) buys and sells PlayStation games. My wife buys old furniture and paints it, then sells it online.

    She's also started a nail studio from home and advertises on local directories. Her advert last night on Facebook resulted in a client booking her while she was still in the process of uploading photos of her work. So there really is no way you can't get started right away and be making money today!

    Okay, back to my story. After school I was conscripted into the army and learned a whole bunch of skills that are still useful today.:cool:

    Unfortunately I was injured while out on patrol and ended up in hospital for 6 months and came out a little worse for wear. I got a job as a personal trainer at our local gym so that I could use their equipment for free rather than paying for a physio and within a year I was healthy and strong again.

    To supplement my income at my first proper job (salesman selling tools and hardware) I teamed up with a friend who had been in the Israeli army special forces. Together we taught unarmed combat to security company personnel and taught self-defence classes to kids and moms. South Africa was a very volatile and hostile place in those years before apartheid ended and our timing was right for the type of work we were doing. Between that and bouncing at a couple of bars and clubs I managed to earn enough to pay for my university studies.

    After qualifying as an accountant I worked a number of jobs in various industries finally doing my articles at a firm of Chartered Accountants. The minute my articles were finished, my soon-to-be-wife and I started our own firm. We did very well at first but made the mistake of putting all our eggs in 2 baskets. Our 2 largest clients failed to pay us in 2 consecutive months and that was the end of our business. We settled our bills and moved on.

    So we went back to working for a salary, I ended up with a dream job running an international company that owned wines farms and rare-wood plantations in Africa. Much drinking, travelling and partying later I was on cloud nine when things took a turn for the worse.

    Drugs were being smuggled into Europe in some of our containers of wine and my family?s life was threatened by the Italian mafia. What followed could have been plucked from the pages of a best-selling novel. My house and offices were broken into and my telephones were tapped. We were followed wherever we went by both the police who thought we were up to no good as well as the dodgy people I was working for. Two of my staff were murdered and their bodies dumped in our driveway. I slept with a loaded shotgun next to my bed and hired security guards to patrol our farmhouse.

    Eventually my lawyers brokered a deal and we left the area with a bit of money and a very forgettable experience. In hindsight, I should have just resigned quietly and moved on, but my ego and temper got the better of me and I refused to back down. By the time I realised who I was dealing with it was too late and my family and I were lucky to get out of the situation thanks to some good friends who backed me up.

    After a well-deserved holiday I joined a textile manufacturer and enjoyed a 7 year period of peace and quiet until the Chinese started dumping product into our market and the business went belly-up.

    Whilst in that job I started delving into online forex trading and internet marketing, selling self-published eBooks on various topics. In those early days it was quite a mission to set everything up as it was completely new territory and we were all feeling our way through the process.

    Google AdSense was introduced and boy was it the wild west! We made tons of money and thought the party would never end, but it did and the $1000 days evaporated before our eyes and I looked for greener pastures.

    The pasture I chose was the pet food industry, specifically cat food. My wife and an agricultural scientist put together a formula for cat and kitten food that far surpassed the products available at the time. The big name producers were cashing in big time but were (and still are) producing food that doesn't meet the nutritional needs of our pets.

    We did extremely well at first. After a few months we started to hurt the bigger suppliers in our area and on one fateful morning everything came crashing down as the factory who we had contracted to produce our food cancelled all our orders and told us they wouldn't be able to make any more food for us. Unbeknownst to us, they had ties to the big suppliers and the shareholders told them to pull the plug on our products. The only other factory in the country capable of producing the quality of product we needed had also started making a better quality food, having seen our success, and they were unable to help us out as they were at capacity.

    This was unfortunate timing as the textile business had just gone under and now our own business was dead in the water along with all our savings. We were back to square one, in fact bankruptcy was staring us in the face.

    Long story short, we lost everything and had to start again. This time however it was going to take almost 5 years before the debts were paid and we could make a start on building up our finances.

    Which brings us to up to today, we?re ready to start another chapter in our lives and this time I?m going to ask for help. I?ve always been someone who does their own thing and make my own path in life, this time however, I?m looking to leverage my own skills and experience with other peoples? knowledge and experience and hopefully help both myself and you to avoid some mistakes and reach our goals faster and more easily.

    In the past few years I?ve made money building websites and blogs for offline clients, earned AdSense income on various niche website, made money from CPA as well as writing content, articles, eBooks for clients in Australia, South Africa, UK , Canada and USA. I?ve written for a National Sunday Newspaper here in South Africa as well as designing print ads for various clients.

    So, to start off I?m going to write some articles to get the ball rolling as well as sell some of my stuff I?m not using so that I can reach my initial targets by the end of the week.

    I will update this thread every time I've taken action so you can see how it?s going. Please feel free to ask questions and make comments, I?ll do my best to answer.

    In my next post I'll lay out the income targets and the initial steps I'm taking to reach the goals.
     
    • Thanks Thanks x 7
  2. Admirus

    Admirus Junior Member

    Joined:
    Dec 4, 2012
    Messages:
    108
    Likes Received:
    67
    Occupation:
    Computer programming/Software Engineering universi
    Location:
    Greece
    Have you considered writing a book around your life? I am really serious, i really found interesting what i read!
    Anyway, good luck with your jpurney. You got a lot of experience and i am pretty sure you will succeed!
     
    • Thanks Thanks x 4
  3. Griggs

    Griggs Junior Member

    Joined:
    Oct 20, 2010
    Messages:
    127
    Likes Received:
    47
    Sounds like you've been through a lot of stuff. It seems like you definitely have the drive to success in this business. Best of luck to you in your journey!
     
    • Thanks Thanks x 1
  4. Slashdot

    Slashdot Regular Member

    Joined:
    Dec 3, 2013
    Messages:
    200
    Likes Received:
    42
    That's an interesting plan, however, do you really want to retire @ 47/48? I plan to work till the day Oden calls from golden hall. IM is way too exciting to quit.
     
    • Thanks Thanks x 1
  5. Smeak

    Smeak Junior Member

    Joined:
    May 21, 2012
    Messages:
    198
    Likes Received:
    45
    Dude... I guess you have never felt the taste of boredom in your life :) Your life experience is awesome. I'm sure you're going to be successful with IM very soon. Anyway, best of luck :)
     
    • Thanks Thanks x 1
  6. SimonRohde

    SimonRohde Regular Member

    Joined:
    Mar 28, 2013
    Messages:
    208
    Likes Received:
    30
    This seems to be a journey, i need to follow! Good luck!
     
    • Thanks Thanks x 1
  7. PinkChicken

    PinkChicken Newbie

    Joined:
    Jun 21, 2009
    Messages:
    23
    Likes Received:
    9
    Location:
    Cape Town
    Hi Slashdot, my definition of retirement may differ from someone else. The way I see it, when I can wake up in the morning and decide what it is I want to do with my day, without worrying that my cash flow is going to dry up due to something beyond my control, then that's retirement. I'm way too active to just sit back and do nothing. I'm a qualified pilot but don't have the time or money to fly at the moment. I also play and coach soccer at amateur level but due to work pressures have had to put it on hold. So there's tons to of stuff to do when I retire. Who knows, I might even write a novel.
     
  8. PinkChicken

    PinkChicken Newbie

    Joined:
    Jun 21, 2009
    Messages:
    23
    Likes Received:
    9
    Location:
    Cape Town
    Thanks Admirus, I might just do that one day.
     
  9. venins

    venins BANNED BANNED

    Joined:
    Aug 24, 2012
    Messages:
    141
    Likes Received:
    44
    all the best with your journey man
     
    • Thanks Thanks x 1
  10. trajek

    trajek Newbie

    Joined:
    Nov 29, 2010
    Messages:
    44
    Likes Received:
    10
    Location:
    Austin, Tx U.S.A
    Home Page:
    Good luck with your journey. Interesting read. :)
     
    • Thanks Thanks x 1
  11. euros123dotcom

    euros123dotcom Junior Member

    Joined:
    Aug 2, 2013
    Messages:
    133
    Likes Received:
    123
    This story would give a wonderful sales letter on Clickbank:

    "Almost murdered by the Italian mafia, became a nerve-racking, red-eyed street bum and
    went to earning 187.939,43 US$ per minute with secret formula that makes even the NSA
    piss their pants, matter of fact they are hunting us down as we speak"

    ;)

    Good luck to you OP. You sure have the balls and experience to pull this off. Go for it. Let us know. And YES, supporting the book idea too.
     
    • Thanks Thanks x 1
  12. Aty

    Aty Jr. VIP Jr. VIP

    Joined:
    Jan 27, 2011
    Messages:
    5,770
    Likes Received:
    3,957
    Home Page:
  13. PinkChicken

    PinkChicken Newbie

    Joined:
    Jun 21, 2009
    Messages:
    23
    Likes Received:
    9
    Location:
    Cape Town
    Hi Smeak, you're right! We're all given 24 hours a day to do with what we can. I couldn't imagine just wasting those precious minutes. I have been moderately successful with IM in the past but one has to make choices when it comes to family and personal ambition. My priorities have always been my family and IM takes a lot of time and effort which is not always consistent with being a good father and husband. I'm hoping that I can get the balance right this time so that I reach my goals online and off. This project will be successful with a mix of online and offline business.
     
  14. PinkChicken

    PinkChicken Newbie

    Joined:
    Jun 21, 2009
    Messages:
    23
    Likes Received:
    9
    Location:
    Cape Town
    OK, quick update. I'm busy packing for a move to a small house that is more convenient for my family. Came across some gym equipment that hasn't seen the light of day since our last move. 1 quick photograph, description of what it is and price. Uploaded it to Gumtree and bang, SOLD! My target for today is $40 and I'm halfway there.
     
  15. MafiaBoss

    MafiaBoss Elite Member

    Joined:
    May 5, 2012
    Messages:
    1,522
    Likes Received:
    1,031
    Occupation:
    Currently Un-Occupied
    Location:
    In granny's Basement
    Home Page:
    write ebooks mate... seriously you write some interesting stuff.
     
    • Thanks Thanks x 1
  16. PinkChicken

    PinkChicken Newbie

    Joined:
    Jun 21, 2009
    Messages:
    23
    Likes Received:
    9
    Location:
    Cape Town
    Apologies if I don't quite understand what you mean, but it appears that you want me to shorten my original post?

    If that's the case then I'd prefer to leave it as it is. This is the first thread I've posted since 2009 when I joined so indulge me if you will.

    I want to put as much meat into this thread as I can so that other people can get ideas and realize that it's not a matter of one specific method or trick that will make you money but rather a consistent effort carrying out a plan which you may adapt or adjust as circumstances change using skills, knowledge and expertise that you either have already or are prepared to learn.

    Everyone works differently, so hopefully at least one or two readers will be inspired to start their own journey to financial freedom. It might be some chance remark or an idea I raise here that will spark something in them which will be the catalyst that drives their action.
     
  17. tzbt827

    tzbt827 Regular Member

    Joined:
    Nov 16, 2013
    Messages:
    283
    Likes Received:
    71
    Very interesting to say the least, already caught my eye.

    I will follow this post, good luck! :)
     
  18. lronic

    lronic Junior Member

    Joined:
    Sep 20, 2011
    Messages:
    122
    Likes Received:
    19
    all the best with your journey bro!!!
     
    • Thanks Thanks x 1
  19. PinkChicken

    PinkChicken Newbie

    Joined:
    Jun 21, 2009
    Messages:
    23
    Likes Received:
    9
    Location:
    Cape Town
    Update: 5 articles ordered and delivered for a total of $25.
    With the $15 for the gym equipment from earlier today I've hit my target of $40 for the 1st day.

    I've already got orders for 8 articles for tomorrow so I'll get up early and knock out 3 or 4 before work and another 2 at lunch. The remaining 2 or 3 will get done after supper and tomorrow will be on target.

    I've got 1 website that currently has Adsense on it but I'm struggling to log in so I don't know what the figures are for that.

    My target income is as follows:

    TARGET
    Year Month Date $
    2014 Jan 21 40
    22-23 80
    24-25 160
    26-27 320
    29-31 640
    Feb 3-6 1 280
    10-14 2 560
    17-28 5 150
    Mar 1-22 10 300
    Apr 1-30 20 620
    May-June 1-30 41 250
    Jul - Aug 1-31 82 500
    Sep - Nov 1-31 165 000
    2015 Jan - Jun 1-30 330 000
    For now I'm content to make the money by writing articles. Elance, Warrior Forum and BHW are good places to start. Offer your services at a reasonable rate and make sure you deliver on time. In fact, over-deliver and you'll guarantee repeat business. I'm hoping for some bigger, more specialized jobs to come along, possibly an eBook or 2. That will give me the cash to start buying the services I'll need to ramp up my income. But for now it's slowly, slowly.

    If you want to be taken seriously then set up a website with examples of your work, a rates page and an order page. Get a Paypal account and make it simple to do business with you. Put a special offer up and get known first. Spell check everything and check your grammar. Don't copy or plagiarize, it'll only happen once and you won't get any repeat business.

    I'm off to bed now, hope you all are having a successful day.

    Edit: Sorry, forgot to mention that I've been approved for 4 CPA companies and waiting on number 5.
     
    Last edited: Jan 21, 2014
  20. PinkChicken

    PinkChicken Newbie

    Joined:
    Jun 21, 2009
    Messages:
    23
    Likes Received:
    9
    Location:
    Cape Town
    Articles written and delivered, so target reached for today! I'm ahead of schedule for now. $80 in the kitty and on target to hit $160 by the 25th.

    Approved for 5th CPA company so it's time to organize a couple of landing pages, put up a few ads for work at home/part-time workers and trawl through the likes of Craigs List and Gumtree. I'm also looking for someone who can run part of the program for me. I've got 3 or 4 VA's who've been recommended so should hopefully have a system set up by the end of the weekend.