My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Convert entrepreneurial success into sustainable long-term wealth
Entrepreneurs planning for or having completed a business exit
10+ year wealth preservation and growth strategyWhat Success Looks Like
Financial independence where investment returns can fund lifestyle indefinitely without touching principal, plus continued income from new ventures.
Steps to Execute
Target business sale by specific age (e.g., 30)
Live frugally during business building phase
Upon exit, immediately diversify windfall into low-risk investments
Never touch the principal nest egg
Continue earning income from new ventures or employment
Use 3-4% withdrawal rule as theoretical maximum
Checklist
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.”
Related Knowledge
Wealth Preservation Framework
A conservative investment approach focused on maintaining purchasing power and reducing stress rather than maximizing returns, typically used after achieving a significant financial milestone.
Second Derivative Spending Rule
A cash management principle where you never spend business income directly, but only spend the investment returns generated from that business income.
Investment Thesis Litigation Framework
A systematic approach to evaluating competing investment or business theories by collecting multiple expert perspectives and weighing evidence like a legal case.
emotional_investment_decisions
perfectionist_analysis_paralysis
Systematically evaluate and optimize personal investment allocation through peer feedback
Clear understanding of current allocation, identification of blind spots, actionable feedback from trusted peers, and refined investment strategy aligned with goals.