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Frustrated about life situations and need advice

Discussion in 'BlackHat Lounge' started by mickuk24, Sep 14, 2010.

  1. mickuk24

    mickuk24 Newbie

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    Hi guys,

    This may not seem like to much a problem to most of you guys because its a pretty nice problem to have compared to some of the stories I read, anyways basically coming out of further education I started an internet business up and after 2 years of "playing" around (aka downloading ebooks and watching stupid marketing courses) I actually built a site with a sales letter and got promoting my business and started making money, it was a service business and was getting around $400 per order, would usually do about 1 order a week and then have the rest of the week off, didnt work to much and to be honest it was a pretty sweet set up.

    Anyways I ended up getting very ill over a year ago, was diagnosed with hypothyroidism and had to quit my business because I couldnt keep up with the work and basically fell to pieces, Im now 24 and will be 25 in a few months, Ive never earned enough to pay tax yet as my business wasnt up and running long enough after promoting it to make a decent living.

    I have no debts and zero liabilites since I still live at home and they pay for everything, however I applied for financial aid so I am giving them rent every week now but its not much, I dont have any cars or student loans, I dont even own a mobile phone and have already got an idea for my next business venture with I know can work because Ive already tested and made money with on a small scale.

    I am frustrated right now because I would like to go into business again as its the best thing for me (I have anxiety issues and have insomnia) so the 9-5 doesn't exactly fit for me but at the same time getting a job would mean I could finally get my own place and feel more relaxed, most of my friends are the same age as me and in the same situation so its not like Im the only one but I can't help feeling like Im way to old to still be living at home.

    I guess I need some advice from older members about what they think would be the best option here, I know my method would work but it would be a long term approach, maybe 1-2 years before it becomes a decent income that I could live off.

    I would appreciate any help as I'm really torn about what to do here and wish I hadnt wasted 2 damn years reading ebooks and not taking action!
     
  2. hamd01

    hamd01 Jr. VIP Jr. VIP Premium Member

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    Your basically after an answer to "how do I earn cash", which is the quest most people here have. the answers lie within the forums, but it's going to take dedication and hard work.

    You mention Further Education. If I were you (no debts, no car, living at home etc), and get yourself back into education and get a degree, as if all else fails it's a great fall back.
     
  3. homenet

    homenet Power Member

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    Sounds you like you already know the answer but just want some reassurance.

    You have said you KNOW your method will work, this is a bold statement but if your that confident then go for it! 1-2 years is NOT a long term plan, if you think then you can make a successful living in 1-2 years then do it!! You are in a better position than 95% of people trying to make a living.

    Also count yourself very lucky that you have no commitments and your in a stable financial position where you wont end up on the street if it fails.

    Stop sitting around and take action, today! :)
     
  4. xplicit

    xplicit BANNED BANNED

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    Best answer you will ever get right there.
     
  5. mickuk24

    mickuk24 Newbie

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    Thanks guys.

    I do have some qualifications but in my town there is very few IT based jobs, the only thing we have job wise is retail work which is not something that interests me, I guess my basic problem here is waiting another 2 years for a decent income, I sort of feel like society is pressuring me or maybe Im just messing my head up I dont know.

    The thing is I know I will earn at least a part time income from my business in 2 years which would be enough for me to move to a small place, won't be living like a king or anything but most of my peers don't either, people in similar situations to me are usually in debt now even if they still live at home so I guess in some twisted since Im already ahead but I feel so far behind at times.

    I know if I get a job I can afford to be inpendant pretty much instantly but IM is my dream and has always been my long term plan, I guess Im just torn becuase I feel like the clock is ticking, even though Im still pretty young I still feel like abit of failure at times even though I have created something that in my mind WAS impossible when I first started out.
     
  6. suerte8

    suerte8 Junior Member

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    your 20s are a struggle but imagine if you are in your 40s in this type of economy, losing your home (maybe 5% of the people out there), relationship/marriage falling apart, kids growing up, spouse loses job etc.
    The 40s are a much tougher age at this time..I heard 50% of Americans over 50 are unemployed. Keep pluggin' away and be thankful you can correct it all.
    you've got time ...look at your watch. ;-)
     
  7. bigg_capp

    bigg_capp Jr. VIP Jr. VIP Premium Member

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    Hey mickuk24,
    You are in a better position then most people. You are debt free and your parents aren't trying to kick you out. First of all you should be commended on your efforts thus far, it's difficult not to get swept away in the instant gratification game with car loans, credit cards, and store credit for crap. I learned this long ago. Any money I spend now is money to make money.
    2 years is not a very long time at all. Think about what you were doing last year this time. I bet it only feels like that was a few months ago. If you can make a go at a business in 2 years, there is nothing like doing that without worrying about paying rent, electricity, internet, cable, food etc. If I could move home at my age, and do my IM work under those condtions I would be scaling everything up in weeks instead of 6 month chunks.

    Because you were successful before, means that you know how to be successful, so if you say your idea is good, it probably is. The secret to being successful is learning how to be, and you learned that awhile ago.

    In short, stay at home, grind your plan out daily, and keep your health a priority (eat right, workout etc). The win win situation would be to get a girlfriend with her own place. You do that and your life will be golden.

    Good luck and keep us posted on your progress.
    -Capp
     
  8. Fwiffo

    Fwiffo Power Member

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    My personal suggestion: Figure out your "sustainable income" you need in your life right now - food/rent/transport/clothing/bit of entertainment. Add 20-30% for margin of error.

    Work your ass off to hit it. IM, offline, real world or virtual, figure out how to make that number. If you can do IM automated, all the better. Work work work. Don't sleep until you do. work work work.

    Ignore all the million dollar / retire at 29 crap. Ignore all the "make $40,000 a day on adsense with 8 hours of work" crap. Even if some of it were true and worked, ignore it for now.

    Hit that number - and you're ahead of 50% of people. No debt, and positive cash flow. Do it on IM, automated, and you're ahead of 99% of people.

    After that, figure out the next step.

    The next levels take a different type of motivation, but focus on short term survival first, long term prosperity second. I find too many people (my self included) get mixed up with when to have which priorities.