I am one of the young entrepreneurs that was able to retire at the age of 27. I’ll explain how I did it, and maybe even how you could do it as well.
I started my path of entrepreneurship at a young age. Starting early helped me get ahead faster. I started my very first business when I was a teenager in high school. This was a lawn mowing business, where myself and a couple of friends I recruited would mow lawns for money in our neighborhoods.
There are certain things that I did during this time in my life that allowed me to retire young, and retire rich. One of these secrets is that I developed high-income skills.
I define high-income skills as skills that can make me $10,000 per month or more. To become rich at a young age, I had to focus on developing high-income skills. These are skills that allowed me to bring value to the marketplace. These are skills that are easily exchanged for money. If you want to develop high-income skills, you can click here to enroll in my High-Ticket Closer™ Certification Program. This is my private, 7-week mentorship program where I’ll get on the phone with you for private coaching calls every week. I’ll teach you the high-income skill of high-ticket closing – and you can make 100K-500K a year with a skill like this.
For the first five years of my business career, when I was just getting started, I didn’t take a single day off. That’s right. For five years, I worked hard every single day. I was working 12 – 14 hours per day, seven days per week.
While all of my friends were out drinking and partying, I was working. While other people were watching TV, I was working. I was always working. I made a lot of sacrifices, because I believe that if you don’t sacrifice for your dream, then your dream becomes your sacrifice.
I made the decision to pay the price early on. It’s called paying the price today to be rewarded tomorrow. I spent my first five years as an entrepreneur working on myself, developing my skills and working on my business. I did the types of things most people would be too lazy to do or not disciplined enough to do. I did the things other people weren’t willing to do, and now I have the things they want to have.
The very first high-income skill that I developed was copywriting. Copywriting is essentially the skill to use words to sell something. It’s persuasion in print.
During this time, I was running a one-man advertising agency myself and doing a ton of copywriting. If you’ve watched the TV show Mad Men, that’s kind of what I was doing. I was a marketing guru in my early twenties, working with companies and high-level entrepreneurs. I was making $10,000 – $12,000 per month in my early twenties. At the time, it felt like I was making a million bucks. It felt like the most money I’d ever seen.
Later, I took that money I earned and I put it aside. I invested it when I started a scalable business. If you want to retire early and retire young, one of the most important things you can do is notice and identify trends.
At the time, I noticed a trend on the internet. This was during the time of Netscape, dial-up modems and Yahoo! Search engine before Google was a thing. This was back in the day.
At the time, I was importing Bruce Lee collectibles from Hong Kong at a low cost, so that I could flip them on eBay and make a good profit. I was also doing affiliate marketing and digital marketing online. I made a bunch of money, and I ended up investing in real estate. Keep in mind, I’m still in my early twenties! By investing in real estate, an income-producing asset, my investments supported my lifestyle. That’s how I could retire at the age of 27.
I thought this was my dream. I thought my dream was to retire in my twenties, and not have to work anymore, and lie on a beach all day if I wanted to. And, for the first 30 days, that’s what I did. For that first month, I was sitting on a beach in Vancouver every day, looking at the ocean, thinking I had made it. But you know what? All I got was a sun burn. You might think being able to do nothing is the dream – that not having to work is the dream – but I was bored out of my mind. I had worked so hard, just to sit on a beach and do nothing?
You have to understand that as an entrepreneur, it was always go, go, go. Nonstop hustling. So, suddenly, when you have nothing to do, and you’ve cashed out, and you’re living off your investments – you don’t know what to do. All I knew was that I was bored out of my mind. What else could I do?
After 30 days, I was bored sitting at the beach, staring at the ocean. I decided to do something different for the second month of retired life. I rented piles of DVDs and I watched 6 or 7 movies every single day. I love movies, but when you watch that many movies every day, you start to not like movies so much anymore. After a month of this, I was bored sh*tless. It felt like the dumbest idea ever. I felt so lazy, like I wasn’t doing anything with my life.
I decided to talk to my mentor, who told me: “Dan, here’s what I want you to do. I want you to start another business.” I said I didn’t want to start another business because the whole point of killing myself for five years was so that I could retire. My mentor told me that I could start another business from a totally different place. I asked him what he meant, and he said, “You’re going to be starting a business from a totally different place, because now you’ve made it. You could start your business coming from a place of strength and abundance. This means that you have the freedom to create the type of business you want to create.” He went on to explain that I could start a business around my passion and my strengths, because money is not an issue.
My mentor asked me how I could take all of the skills I’ve accumulated and developed, all of the business acumen, all the knowledge that I have gained – and use what I have to start something great. And I thought, “Now that I could do.”
So that’s my story of how I was able to retire at the young age of 27, and decided that I wanted to keep working on something – this time, something I’m truly passionate about. I don’t know where you’re at in your journey – or how young of an age you’re trying to retire at – but what I do know, is that it’s possible. I also know that once you get there, there’s always the next level. Enjoy the journey, because success is a journey, not a destination. There’s always another step you can take to go further and be greater.