What's Your Exit Plan?

Hi Popstocks,

Sounds good to me but far less than that would suit me!

Keep your fingers crossed that the PopStocks don't Crash & Burn!!!

An exit plan?

That's something I haven't really given much thought. I'm not sure I'd actually want one. Meaning, off course it would be nice to reach a number that allowed you to just kick back for the rest of your life if that's what you wanted to do.

Personally, I don't think I'd want to do that. I mean it would be great not to have to work anymore. I still think I'd want to though. I love my business. Can't really imagine not doing what I do in one capacity or another.

$3 mill. sounds nice though.

Got to have an exit plan though....or you just keep meandering through.

Muffty...."HOPE" is a four letter word for the ignorant.

$3 mil is not an exit plan. It's a number

Why would you just stop at the end of the road at some imaginary checkpoint? Won't there be another road to travel on? That's always the way in life. Even if you get the money you want and retire, you'll just have to find something useful to do with your life. Maybe laying around on the beach all day will get boring. You'll need a hobby then. So back to whatever you were doing before to fill your spare hours.

Exit plan?

Heck, I'm still trying to figure out how we got here!

As far as a 'retirement plan' which is what I am assuming you are speaking of(?)- I had set some early goals in life that centered around a specific number of dollars I intended to acquire to afford the lifestyle I desired.

Funny thing being, those numbers are far less (in value) today, than they were then... as the rising costs of living and inflation has by far exceeded my prior predictions.

Ultimately, my 'exit strategy' is to establish a membership platform that offers members far more value than they could purchase independently... the numbers in my head look a little something like this;

30,000 members @ $500 per year ($1.37 per day) = $15,000,000.00 per year NET

Less 60% for operating costs, affiliate commission, etc... = $9,000,000.00 operating costs

Estimated Annual Gross Profits (*excluding other investments/tax shelters) = $6,000,000.00

Assuming I live another 10 years, which who knows = $60,000,000.00

Compound the interest & factor in other investments = $40,000,000.00

So, if we're gonna put a number on it, why not $1,000,000,000.00

To which I donate 90% to charitable organizations - my kids (3) split the remainder, they will each have approximately $33,000,000.00 each to squander.

Worst case scenario, I die trying and I get to 'experience' what happens when that mysterious energy within finally escapes the imprisonment of this flesh... muuaaahhhh!

Trust me when you will have $3 Million, you would want $30 Million (this is human nature )

Acquire cash and turn into rental property. That's the plan I've been following.

I might sell some sites on Flippa soon though. It's getting very hard to get new stuff off the ground, especially if you're a product creator rather than a marketing guru.

OK, you retire....Then what are you going to do?

You do need to do something not to be bored so for me, I will always come online, do what I got to do in my daily tasks, and that's it.

I might scale it down a bit but will always "work" 5 days a week or so.

$3,000,000 would be nowhere near enough to retire on. Not here anyways! It sounds like a nice number but when you think about it, it's not enough in the slightest.

Got to be honest, even if my bank account hit $100,000,000 I can't see myself 'retiring' or 'exiting.'

I love what I do. It's not just a job. I don't just do it for the money. But I do it for the enjoyment factor.

I do have an exit figure in my head and I do plan to stick to it.

What will I do afterwards? no freaking clue, but sure as hell I won't be working 12 hours a day, no matter how much I enjoy running my business.

By the way, I dont think $3 Millions are enough to retire farily young now a days on a western country.