Forever Jobless – Internet Business Investing

Financial Independence Podcast

The Mad Fientist

Taxavoidance, Business, Geographicarbitrage, Investing, Tax, Earlyretirement, Travelhacking, Entrepreneurship, Travel, Personalfinance, Stocks, Minimalism, Realestate, Frugality, Retirement, Financialindependence

4.8 • 1.7K Ratings

🗓️ 7 April 2014

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Billy Murphy from ForeverJobless.com joined me for an episode of the Financial Independence Podcast to talk about investing in online businesses!

What if I told you you could create $2,000 of monthly recurring income from a single $25,000 investment? Thanks to the low multiples some online companies are selling for, you could potentially fund your early retirement with a very small initial investment.

Billy takes us through how he went from being a professional poker player to creating a very successful poker training site. He then describes how he started buying e-commerce stores (his first investment was a site making $900 profit per month that he bought for $4,000) and shares what he learned buying, improving, and selling sites.

Hear why Expected Value (EV) is as important in everyday decision-making as it is in poker and find out what Billy would do to create a consistent $2,000 per month income stream if he was starting from scratch today.

To read the full article, visit http://www.madfientist.com/forever-jobless-interview/

Transcript

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0:00.0	I'm blinding you with your finance.
0:07.0	Hey what's up everybody welcome to the Mad Finestist Financial Independence
0:11.0	Podcast. It's been a while since my last episode, so I'm really excited to be back.
0:15.0	Now that I've finished writing the code for the Phi Laboratory software, I'll hopefully be producing more of these episodes.
0:22.6	So speaking to the file laboratory, if you haven't checked it out yet, head on over to
0:26.8	lab.madfiantist.com to take a look.
0:29.8	Over a thousand people have already been using it and I've got some great feedback so far so if you
0:34.1	want to track your progress to financial independence and find out when you can
0:37.9	expect to get there head on over to lab dot madfiances.com to sign up. I'm really excited to introduce my guest today, Billy Murphy.
0:46.6	Billy is an ex-professional poker player who now writes about entrepreneurship and business at his
0:52.0	blog Forever Jobless.com. There are a lot of people out there
0:56.0	that write about online business but I have to say that Billy is by far my favorite. He doesn't
1:01.9	write often but when he does does, he delivers these long, incredibly detailed posts that just blow everything else out of the water.
1:08.0	Billy's here today to talk about his poker days and his experience investing in online businesses.
1:16.2	And it's the online businesses that I'm really excited to chat with him about for a few reasons.
1:21.5	Like a lot of you out there,'m a software web technology guy so the idea
1:25.7	of investing in online properties for recurring cash flow as opposed to physical real estate
1:30.9	really appeals to me.
1:33.0	When you consider the fact that some online properties are selling for one-times annual
1:36.7	profits, the idea gets even more exciting.
1:41.0	To put that in perspective, you know, how would you like to fund $2,000 worth of monthly expenses
1:47.8	with a single $25,000 investment?
	...

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