Davidd, I wish I read your posts 4 years ago.
I would've crossed that financial mark sooner if I hadn't kept re-investing the money into domain names. Every time I closed a deal, I poured the money back into more domains. I did it again this month. Bought a domain (melon.com) for low-5 (early 2004) and flipped for 6figs two weeks ago, then plowed the money right back into more domains. LOL, against the advice of family & friends, but the domain industry has been lucrative for me... and obviously benefited my family & friends.
But after reading this thread I wish I could go back in time... too many "anchors" now.
Too many possessions that have ended up owning me. Not materialistic things, almost all business-related. I built a huge workstation (command center) with 6+ TV's (all tuned to news/markets), 10+ PCs, two 42" monitors, 10 mobile phone lines, etc... thought I needed it all to maintain and grow my empire and stay connected with the world. But now, looking back, perhaps a laptop + worldphone + travelling the world may have sufficed. I started to realize I don't need it all after I bought a new house, had to "deconstruct" the command center and still waiting to put it back together... because my laptop is all I need right now. LOL. But davidd's lifestyle may be more fitting for my mindset than my current one. I drive a simple domestic car, though I long for something more. Every time I decide to buy a supercar, I think about how many domains I could buy or friends/family I could help... and end up doing that instead (unless they start selling the ZONDA in the US). But this thread has provided excellent insight. I've always felt like something was missing. I love what I do for a living, but the business I own doesn't need to own me. Time to get rid of a few anchors.
but I'm sure the domain game will pull me back in. there's always something new to look forward to:
i.e.
Yesterday, a domain portfolio sold for $164,000,000 ($155M cash)
http://board.gofuckyourself.com/show...adid=393035&s=
but I still wish I read this thread 4 years ago...
davidd, when you're finished with your book, I'll buy a copy. You should call it "Life Without Anchors". Hurry up and finish writing it.
(back to the domain mines..)