I feel quite lucky these days.
- Relationship with Mom and Dad is good.
- Relationship with friends is good.
- Relationship with John is good. He is getting funnier and laughing more.
- Health is good. A little big fat at the waist, but can wok on it. I exercise (run or swim) every other day when in Vancouver. Stamina can be better, and can get sick less often, but I just got some prescriptions for blood work, so that’s a good start. Dr. Snotgrass says it’s really hard for women to keep up with the iron. We tend to lose it as we age. (Eating black sesame candy right now :))
- Business is good! 60~80% better than last year this time. Working on expansion.
- I’m finally going to Peru to Macchu Picchu! I’m a little bit reluctant to move, but it’s on my bucket list for a long time now! I’m lucky that I get to go.
- Investments: Stocks are doing better this year so far too. Going up. Private mortgage has been paying me $1045 per month on a $120K investment. Total I have $1.2M CAD networth.
- Artsy is moving out. Dunno if it’s really gonna happen, but that’s good news!
I’m really excited about these things right now:
- Expanding my ring collection and my business in general!
- Getting my own apartment when I’m back.
- Building a routine and get better at something
I get excited thinking about all the time that I’ll get when I have my own place again!
I can sleep well, not have annoying kids screaming / crying / playing video games. I’ll hang out with Masha sometimes not all the time. She talks too much. I appreciate her good influence on me. But I think it’s time to move out.
I can host dinner parties and activity parties! Laugh all the time, build great friendship.
Will I live in the same building? In Yaletown? I think as long as it’s central with a pool it’s good! If I can see BC Place and some water, I’d be so extra happy.
I’d love to get better at skateboarding and / or martial arts and / or volleyball when I’m back. Improve on my Spanish too. Cultivate lots of interest to make myself a more interesting person. Meet lots of interesting people. I want to build roots and foundation, optimize and gain proficiency through practice.
John is like that. Maybe he is what I need. He’s been more fun to be with lately. I’m starting to like him more.
I know I’m going to go through some form of transformation after 1 month in Peru. Plus 2 weeks in Europe. But this is how I feel now.
He isn’t super funny, and not super inspiring (in terms of success or contribution to the world or life goals or how he treats his mom), and a bit too conservative, too easy to sink into a stagnant relationship, financially uncertain (?), not super good at solving problems or being proactive or taking care of someone. Bad communicator. A bit of a complainer. Eye / neck health issue. Too into sports. Not as much into deep thinking.
But, he is loyal, reliable, has a handsome face and a hot body, doesn’t drink or smoke, doesn’t care for kids, maintains good health through being active and eating a healthy diet, doesn’t party hard. Is a gentleman. Has grace. Is kind. Has great taste (in fashion, cars). He tries. Tries to be a good boyfriend.
Hard to believe I’m turning 39 in less than 2 weeks! I want to have $4M by 40.
If I invest $1.2M with 10% interest every month, what happens?
Year 1) 1,200,000 x 1.1 = 1,320,000
2) 1,320,000 x 1.1 = 1,452,000
3) 1,597
4) 1,757
5) 1,932
6) 2,126
7) 2,338
8) 2,572
9) 2,829
10) 3,112
11) 3,423
12) 3,766
13) 4,142 ($4MM mark)
14) 4,556
15) $5MM
So only $300K more.
Let’s say I scale my business 2X this year. $1MM revenue. I’ll be doing $400K profit.
Let’s say next year $2MM revenue, $800K profit.
Then I’ll have $1.2M + $1M (have to pay tax) = $2.2M
That’s still 6~7 years before I hit $4MM
I’ll be 47.
Then when I’m 49, I’ll have $5MM
16) $5,514
17) $6,065
18) 6,672
19) 7,339
20) 8,072
21) 8,880
22) 9,768
23) 10,745 ($10MM)
8 years of investing $5M, I’ll have $10M. I’ll be 57.
Unless I sell my business for $4MM (Assume $3MM gain after tax). Then I’ll have $4MM at 40. It’ll fast track everything by 7 years. When I’m 42, I’ll have $5MM. By 50, I’ll have $10MM.
I need to look at how to establish my Trust structure so I can sell my business without paying as much tax.
Let’s say I don’t sell my business. How long will it take to grow it to $15M worth?
I’ll need to triple it. Maybe 6 years.
2020: $3M
2021: $4M
2022: $5.5M
2023: $7M
2024: $8M
2025: $10M revenue ($3M profit)
I’ll be 45.
Then I’ll have $10M by 45.
—
I take back what I said today.
John was very cute and funny and smart today. Masha and Stan annoyed me. John cheered me up and was very socially savvy. I’m starting to like him more and more.