Raul-02
Veteran Member
- Joined
- Aug 23, 2021
- Messages
- 1,414
- Tractor
- kioti DK4710 SE HST CAB
If I hadn't gone to law school I'd not have stumbled on the fabulous income generation vocation that I ply today which doesn't require a law license, but it helps.
Knowing what I know now, I'd have maybe skipped school entirely or gone to business school and started a shipping Container business.
Shipping containers are everywhere and the companies who use them have no alternatives. The return on investment is in excess of 10% after costs, and it is pretty steady. The wealth potential is Hong Kong Zillionaire level. Most of the HK billionaires do HK real estate, but plenty started in shipping containers.
There is a bit to it besides just buying or leasing containers. Ya gotta sell the biz, ya gotta know the rules of the nations and the ways the ports operate and ya need certifications and insurance. But after that, it's almost stupid simple.
The things that make insane amounts of income are often so overlooked.
Scaffolds. There are Billions in scaffolds; ask Mohed Altrad who started a scaffolding rental company and is now worth 3.6-Billion.
Garbage used to be a path to wealth.
Real Estate still is. But it's also a great place to lose your shirt because the upfront money is so great. One wrong call can sink the young entrepreneur.
Debt. There's an endless river of money to be made from charged off debt. That's what I do. I've stayed small never hiring other lawyers, but the largest law firm in my state, Pressler & Pressler does nothing but debt collections. Or as I prefer to call it Enforcement of the Right to Contract. They bring in billions. Most large firms have a whole wing that does nothing else. They do it because the money is so good and so steady. The business model is simpler than Shipping Containers. Buy a portfolio worth several million for pennies on the dollar and start collecting. Stay within the law in your state and the FDCPA and mostly you are golden. Step outside and it'll cost ya.
Knowing what I know now, I'd have maybe skipped school entirely or gone to business school and started a shipping Container business.
Shipping containers are everywhere and the companies who use them have no alternatives. The return on investment is in excess of 10% after costs, and it is pretty steady. The wealth potential is Hong Kong Zillionaire level. Most of the HK billionaires do HK real estate, but plenty started in shipping containers.
There is a bit to it besides just buying or leasing containers. Ya gotta sell the biz, ya gotta know the rules of the nations and the ways the ports operate and ya need certifications and insurance. But after that, it's almost stupid simple.
The things that make insane amounts of income are often so overlooked.
Scaffolds. There are Billions in scaffolds; ask Mohed Altrad who started a scaffolding rental company and is now worth 3.6-Billion.
Garbage used to be a path to wealth.
Real Estate still is. But it's also a great place to lose your shirt because the upfront money is so great. One wrong call can sink the young entrepreneur.
Debt. There's an endless river of money to be made from charged off debt. That's what I do. I've stayed small never hiring other lawyers, but the largest law firm in my state, Pressler & Pressler does nothing but debt collections. Or as I prefer to call it Enforcement of the Right to Contract. They bring in billions. Most large firms have a whole wing that does nothing else. They do it because the money is so good and so steady. The business model is simpler than Shipping Containers. Buy a portfolio worth several million for pennies on the dollar and start collecting. Stay within the law in your state and the FDCPA and mostly you are golden. Step outside and it'll cost ya.
