View Full Version : Is it really possible?
08-22-2007, 04:26 AM
Hey everyone, I just finished the book and am motivated to get going. I would love to create a muse and be able to quit my dead-end job. Does anyone here live off of their muses? Tim makes it sound easy to get a website going, outsource everything and head to Argentina. I'm curious how others are living based on his advice. What is the reality of being able to work only a few hours per week (or even a couple hours a day)? I appreciate any feedback. Thanks.
08-22-2007, 10:34 PM
Nothing is ever easy no matter how it is written in a book as details are omited and the circumstances are different. However nothing says it can't be one.
I take quite a few of the things Tim says with a grain of salt but in general his advice is sound and the tools or services he pushes might not be ideal for you, but you can find similar things that will work for you better.
Working for yourself and having your life in control is a very possible matter. Outsourcing more and more over time can be done. I can see how it can be done but myself I am not in a position to implement all those changes at once so I have to work slowly toward my goal. however over a few months or a year you can be there at least that is how I feel.
I don't plan to have so much of my life outsourced but a good portion of what he says will help you if you got somerhing on the side, you do consulting, or you want to set up some sort of online business that will help you cut the cord of the corporate job.
08-23-2007, 03:12 PM
I'm doing it, but it's taken a lot of hard work to get it there.
It's not easy, but it's worth it.
08-24-2007, 09:17 AM
I think the concept is sound. As always the actual execution requires some learning.
I'm almost a year into a mini retirement - but I funded that by the sale of everything I owned.
I've built two muses that bring in about 40% of what I need to live on so I now have to build an income stream for the other 60%.
08-24-2007, 02:17 PM
Well I don’t specifically live internationally using Tim’s advice (I was living and making money overseas since I was 29)
But I have used some similar ideas and subscribe to a similar philosophy – Tim has allot of good advice and introduces people to an international mindset
But to answer your question… yes I do make a substantial income (6 figs) – but not just doing one thing… I combine Internet Marketing, investing, finding little business deals here and there, working some contract jobs overseas and pretty much trying every possible way to make money wile traveling or living overseas.
I have a house in Indonesia and have lived and traveled all around the world (and continue to do so to this day
So it is possible to make a huge 6 figure income and see the world at the same time, you just have to figure the details out
08-24-2007, 03:14 PM
Thanks for the replies. That's very encouraging. I know it will take some hard work and will be a learning process, but at least it will be doing something I enjoy and allow me to have some freedom to do other things as well. I'm working with a partner and we already have a few ideas we are researching. More than anything I think this book just inspired us to actually get moving on something and gave us direction on how to get started.
Here's another question. The book mentions taking products from other countries and bringing them over to the States. Any ideas on where to research such products?
I'm also still interested in hearing how people are doing with their muses.
08-24-2007, 03:31 PM
I'm working on two that tested well, one got stuck unfortunately with an e-lancer that had good feedback but failed me, so I am re-posting that today, and the other is also being bid upon on e-lance (they are both basically books). Stay tuned!
08-28-2007, 12:31 AM
I interviewed Tim for my website, and this was a question I asked. "Tell me it's possible." He said yes. SO there you go.
08-28-2007, 03:35 AM
The thing Tim doesn't discuss in as much detail as I'd like is how he got BrainQuicken off the ground and running.
As it stands, I have a pretty good main job and would love to have my 4 hour work week be a second source of income on the side to start with. I think in my case a 10 year plan is most reasonable.
08-28-2007, 06:03 PM
(Duplicate of a post I made on the "hundred thousand" thread as I want to encourage crissmancd to keep going).
I came on today to see if there were any recommendations for VA services, because I find eLance and Guru very un-user friendly, if thats a phrase!
Tim's book has swept through my colleague and client base and actually replaced "E-Myth" as the most important book on business on the planet, according to my partner Judith, who is a VERY successful serial entrepreneur and ex-accountant. She went to California to study with E-Myth so if she rates this book.....
I just want to encourage you all - I've been a serially unsuccessful entrepreneur all my life, and while I was into the internet from 1995 when I registered my first domain name and created my own website, for our record label, I never realised that you could make money online!! Somehow I was so cynical I never signed up for one single "internet marketing" ezine till 1999 when I was given "Striking It Rich.com" by Jaclyn Easton - still a great book btw.
I started signing up for affiliate programmes, building a list from a very simple site, and writing an ezine about my own adventures with trying to learn to make money. Back then I only wanted to earn £2000 a month and I thought that I would be so happy if I could!
I also trained as a life coach, at the same time, but realised very quickly that a) I didn't want to help people with their lives and b) it's bloomin' hard to market a generic coaching business.
However, people started to ask me to coach them around the concepts I was learning about, and writing about, and from that The Money Gym was born. It's now a six figure plus business, with my ebook selling well and the real book selling on Amazon. We have five coaches and have created at least 100 people who are now free, and over 10 millionaires.
Not that impressive?
It's all been done in my spare time, as I had two small kids and had to earn a living, as I have largely re-invested any profits back into the business, to make sure it grew and survived and that I could do it my way, with integrity.
I've also had some monumental failures, like the time I bought a half million pound hotel "no money down" - after reading a Russ Whitney book, and I tell you, if it hadn't been for those little bits of affiliate / internet marketing, ebook income, I would not have been able to pay the bills for the year after that "little" failure.
The Money Gym is just moving into a position to pay the three partners a really decent regular salary without rocking the foundations - none of us work in the business, but on the business.
One day, we will have the option to sell it if we want to, for many multiples of the turnover/profit.
So keep at it guys, it's not only possible but probable, if you read the right books, don't give up and do the work.
Warm regards to all
08-28-2007, 06:12 PM
Also, can I just recommend Rich Schefren's coaching programme at www.StrategicProfits.com - not an affiliate link. It's very affordable and absolutely genius at making you think about creating a sustainable business rather than an "opportunistic" business in which you have to keep banging out new products. Great tools and really advanced business thinking delivered in very simple terms and lots of pics - great for me! Cheers, Nicola
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