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My First Million

My First Million

The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.

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Convert entrepreneurial success into sustainable long-term wealth

Entrepreneurs planning for or having completed a business exit

10+ year wealth preservation and growth strategy

What Success Looks Like

Financial independence where investment returns can fund lifestyle indefinitely without touching principal, plus continued income from new ventures.

Steps to Execute

1

Target business sale by specific age (e.g., 30)

2

Live frugally during business building phase

3

Upon exit, immediately diversify windfall into low-risk investments

4

Never touch the principal nest egg

5

Continue earning income from new ventures or employment

6

Use 3-4% withdrawal rule as theoretical maximum

Checklist

Exit amount sufficient for 3% withdrawal to cover basic needs
Diversified investment strategy implemented immediately
Separate income streams established for current lifestyle
Tax-advantaged accounts maximized (401k, etc.)
Estate planning documents updated
Emergency fund separate from investment portfolio

Inputs Needed

  • Successful business with clear exit strategy
  • Conservative spending habits during wealth building
  • Understanding of diversified investment principles
  • Discipline to avoid lifestyle inflation

Outputs

  • Permanent financial security foundation
  • Freedom to pursue passion projects without income pressure
  • Reduced financial stress and anxiety
  • Option to be more aggressive with future ventures

Example

“Entrepreneur builds company from 21-29, sells for $10M, immediately invests in diversified portfolio yielding potential $300K annually, continues working on new projects for current income, never touches the $10M principal.”