TIE #070: How to Turn $5,000 into $100,000 in a Few Short Years (What I Did)

The art of compounding is lost on 99% of the population, so let me break it down for you.

Your first step to escaping the rat race is making your first $1,000 online.

The best way to accomplish this as a beginner is with a simple Amazon business where you sell other people’s products.

It worked for me 10 years ago and it’s what I would do if I had to start over from scratch today.

You can try to figure that out on your own or you can become a paid subscriber and receive free access to my private mentorship group on Discord:

Upon joining, you will get full access to all my premium guides and content.

Choice is yours.

---

If you’re an avid reader here, you will know that I despise traditional employment for one simple reason:

It requires you to dedicate 8-10 hours of your day to something you don’t care about for 71% of the week

This model is inefficient and broken.

Even if it wasn’t, you still have no control over your pay.

No matter how hard you work, you often aren’t paid more to reflect that output you produced.

Instead, you’re just handed more responsibility.

Now you know why I talk about simple online businesses so much.

They allow you to disassociate time from money.

They allow you an unlimited amount of earning potential while (eventually) working less than you would at a full-time job.

The key to this is getting over the initial hump, which requires a tremendous amount of up-front work.

After that things damn near run on auto-pilot.

That’s how I’m able to work for a couple hours every day and then spend the rest of it doing whatever I want:

My Amazon business (that I started a decade ago) made me my first $100,000.

Not $100,000 in revenue. $100,000 in profit. Cold hard cash.

I paid for college out of pocket with it.

It paid for my living expenses.

It then created the down payment for my house.

I was only an aerospace engineer for 18 months and made less than $40/hour.

The best thing that job did was help me get a mortgage.

So how did I do it?

By buying things (books at first) for $20 and netting $6 every time I sold them.

That doesn’t sound impressive does it?

Here is how it works with real numbers:

1. Take $5,000 and buy product with it

2. Sell all of it, now you have $6,500

3. Take $6,500 and buy product

4. Sell all of it, now you have $8,450

5. Take $8,450 and buy product

6. Sell all of it, now you have $10,985

7. Take $10,985 and buy product

8. Sell all of it, now you have $14,280

9. Take $14,280 and buy product

10. Sell all of it, now you have $18,565

Let’s say this takes you a year.

Here is what year two looks like, repeating the same process:

$18,565 → $68,929

And year three:

$68,929 → $255,929

Now, am I making a ton of assumptions here? Of course.

Things will go wrong.

Some product won’t sell.

You will make mistakes.

But what if you get it mostly right?

That $255,929 could easily be $100,000+ in just three short years.

I know this because I did it.

Your 401k is going to take at least a decade or more to do that for you and you can’t even touch the money without incurring a penalty.

It’s almost like the game is rigged against us.

You can complain that we shouldn’t have to go rogue like this to build a little wealth or you can take action.

Like I always say, the choice is yours and I can’t make it for you.

---

When you are ready, there is one way I can help you.

Join 600+ people in becoming a paid subscriber to this newsletter:

By paying the $39/month or $349/year rate, you get FREE access to:

• My private mentorship group for Amazon business owners (this used to be $329)

• My LEGO Investing Mastery Guide (this used to be $169)

• My Textbook Flipping Mastery Guide (this used to be $169)

• Buy/Sell alerts for LEGO (these will make you money)

These resources will show you how make your first $1,000 on the internet and help you escape the rat race.