Here are my Loot Chutes.Chute Diving

  • My First Chute (sustainable income)
    • I work as a cook full time and make enough to support myself and my family while I work on my Second Chute.Me Cooking and Maddi
  • My Second Chute (product or service)
    • My Second Chute is more of a three part chute.
    • It starts with this blog. As it’s taught by most online entrepreneurs, you start a blog, get a following and then monetize your blog. Using ComputerBuddha Tree
    • After I am making enough money, I plan to create a software product and sell it mostly to my audience and wherever else I can sell it, obviously.
    • After I have made enough from that, I plan to start a news company with a certain twist, which if I haven’t broken out already (meaning struck it rich), this will hopefully put me over. If it doesn’t, I’ll tie myself to a tree and live like Buddha. 
  • My Third Chute (Investing)
    • Real estate
      • I used to rent out rooms in my house but since Madeline’s been around I’ve stopped. This would be an example of how you can make real estate investing work for you at any point in The Loot Chutes.
      • There are different ways to approach real estate investing though, like flipping vs. landlording, but I lean more towards landlording. All you do is buy high ROI (return on investment) houses, have tenants pay your mortgage and have property management companies take care of the rest. You protect yourself with some law stuff but after that it’s a few bucks income a month, maybe $100-200. That monthly income isn’t the real reason for this though; you are acquiring assets here that in time will pay you big dollars. Then you put your 1031 exchange into play (the coolest thing ever) which I will make a post on. That’s pretty much my plan and ultimately the plan is to amass a giant real estate empire and control the United States.Luke Town
    • Stock MarketOld Man Luke
      • This one can also work independently and if you aren’t already in it, you should start. I have my fallback plan of a retirement fund, which if my entire life of money making endeavors completely fails, I will still be a millionaire when I retire (we will get into this).
      • When you have the big money and you can afford to take some risks, you start angel investing in smaller companies. The best way to go about this is to learn how businesses work and study the best ways of running company infrastructures. Then if you can pick out a good business with good company infrastructure and great growth potential, you invest in them and your money explodes. That’s my plan at least.
      • Investing in the stock market and diversifying your portfolio is a good way to get the best chances of increasing your dollars. So I am doing this throughout as well. Stock Market Is Good