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Old 06-26-2005, 03:11 PM   #1
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I put my mainstream company and house up for sale today

After 3 months of thinking and talks with the bank, legal advice and myself, I finally signed the papers giving my lawyer the right to sell my IT-service company and house to a minimum price of ?1,56 mill.

It's a funny feeling

In the future I'll only be myself and the 2 freelancers - I'm gonna be free - finally. I'll move to south-america or mexico (have looked at 3 places) and kick back. The only income will be the websites - but that should not be a problem anymore, since Google Adsens is paying my bills today Denmark, it will make me a pretty wealthy guy in south-america whare everything is 10 times cheaper

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Old 06-26-2005, 03:13 PM   #2
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Nice plan. Good job dude.
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Old 06-26-2005, 03:15 PM   #3
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Damn, i want to move to brasile...some day..
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Old 06-26-2005, 03:17 PM   #4
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Are you going to rely on Google AdSense as your sole income? That seems kind of risky unless you're willing to work again if the need arises.
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Old 06-26-2005, 03:19 PM   #5
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Quote:
Originally Posted by Sly
Are you going to rely on Google AdSense as your sole income? That seems kind of risky unless you're willing to work again if the need arises.

YARGH! I be thinkin' the sale of his house, and business should tide him over for a bit.
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Old 06-26-2005, 03:21 PM   #6
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Originally Posted by xlogger
Damn, i want to move to brasile...some day..
nicaragua, mexico or US virgin islands is my next destination.
As soon as its sold, I'll go on a months vacation each place.
Only bringing my laptop and my (by then) big fat wallet
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Old 06-26-2005, 03:22 PM   #7
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Originally Posted by ebus_dk
After 3 months of thinking and talks with the bank, legal advice and myself, I finally signed the papers giving my lawyer the right to sell my IT-service company and house to a minimum price of ?1,56 mill.

It's a funny feeling

In the future I'll only be myself and the 2 freelancers - I'm gonna be free - finally. I'll move to south-america or mexico (have looked at 3 places) and kick back. The only income will be the websites - but that should not be a problem anymore, since Google Adsens is paying my bills today Denmark, it will make me a pretty wealthy guy in south-america whare everything is 10 times cheaper


nice good luck with the sale
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Old 06-26-2005, 03:23 PM   #8
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Don't be depending on your only income from Adsense unless you have a shitload saved.
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Old 06-26-2005, 03:23 PM   #9
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Originally Posted by Sly
Are you going to rely on Google AdSense as your sole income? That seems kind of risky unless you're willing to work again if the need arises.
The sale of the house and company will cover my expenses the next 10 year I think and I will still act as a remote consultant to my danish customers
The adult website is what will make me REALLY rich - or die trying ( www.xxxstuff.com )

Last edited by Machete_; 06-26-2005 at 03:25 PM..
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Old 06-26-2005, 03:25 PM   #10
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Good luck keep us updated on how it goes I am really happy for you.
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Old 06-26-2005, 03:31 PM   #11
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Originally Posted by ebus_dk
The sale of the house and company will cover my expenses the next 10 year I think and I will still act as a remote consultant to my danish customers
The adult website is what will make me REALLY rich - or die trying ( www.xxxstuff.com )
Good for you. Congratulations.
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Old 06-26-2005, 03:37 PM   #12
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Quote:
Originally Posted by ebus_dk
After 3 months of thinking and talks with the bank, legal advice and myself, I finally signed the papers giving my lawyer the right to sell my IT-service company and house to a minimum price of ?1,56 mill.

It's a funny feeling

In the future I'll only be myself and the 2 freelancers - I'm gonna be free - finally. I'll move to south-america or mexico (have looked at 3 places) and kick back. The only income will be the websites - but that should not be a problem anymore, since Google Adsens is paying my bills today Denmark, it will make me a pretty wealthy guy in south-america whare everything is 10 times cheaper

No wonder you talk so much shit!

good luck anyways
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Old 06-26-2005, 03:37 PM   #13
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Good for you. I think a lot of people wish they could do that, but never do.
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Old 06-26-2005, 04:15 PM   #14
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very cool. Do you owe a ton of tax on those sales? Like tons of people I would like to do something like that. The thing holding me back is security.

Security for the cash while over seas with decent access to it. Then should you burn throught the cash or invest it poorly, it is much easier to recoup the losses in the developed world.

So good luck and I wish i had the balls.
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Old 06-26-2005, 04:17 PM   #15
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Things CAN be 10 times cheaper, but not always. Make sure that you really research where you are going. Also talk to people that you know that live there.

I live in Mexico, and there are at least 2 others on the board I think.
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Old 06-26-2005, 04:19 PM   #16
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Quote:
Originally Posted by ebus_dk
The sale of the house and company will cover my expenses the next 10 year I think and I will still act as a remote consultant to my danish customers
The adult website is what will make me REALLY rich - or die trying ( www.xxxstuff.com )
Shit i cant live 6 months on that little cash.
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Old 06-26-2005, 04:20 PM   #17
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very cool. Do you owe a ton of tax on those sales? Like tons of people I would like to do something like that. The thing holding me back is security.

Security for the cash while over seas with decent access to it. Then should you burn throught the cash or invest it poorly, it is much easier to recoup the losses in the developed world.

So good luck and I wish i had the balls.

got an error on the page in your sig...dont ask how i found it, mouse kind of naturally fell on it.

http://www.ahookers-pornlist.com//
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Old 06-26-2005, 04:34 PM   #18
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Originally Posted by slapass
very cool. Do you owe a ton of tax on those sales? Like tons of people I would like to do something like that. The thing holding me back is security.

Security for the cash while over seas with decent access to it. Then should you burn throught the cash or invest it poorly, it is much easier to recoup the losses in the developed world.

So good luck and I wish i had the balls.
"owe nothing - own everything"
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Old 06-26-2005, 04:43 PM   #19
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You might want to research what those type of countries do to White People with Money.. There is a reason, crackers dont want to live in those places..
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Old 06-26-2005, 04:58 PM   #20
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You might want to research what those type of countries do to White People with Money.. There is a reason, crackers dont want to live in those places..
.. like I said "after 3 months of thinking" .. that include research

And I want to thank Joe, Bruno and Emily for the info you guys gave me
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Old 06-26-2005, 05:14 PM   #21
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sounds great! Good luck to you man!
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Old 06-26-2005, 05:19 PM   #22
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good luck man. congratulations on your new found freedom.
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Old 06-26-2005, 05:20 PM   #23
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... unless you have a shitload saved.
1.6mil should last a few years, heh
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Old 06-26-2005, 05:24 PM   #24
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1,5 million euros? wow you are rich man!
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Old 06-26-2005, 05:27 PM   #25
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1,5 million euros? wow you are rich man!
Not if you think about it took me 11 years of hard work
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Old 06-26-2005, 05:27 PM   #26
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Ahhh freedom beckons....
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Old 06-26-2005, 06:01 PM   #27
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Congrats bro...
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Old 06-26-2005, 06:04 PM   #28
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i'm jealous
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Old 06-26-2005, 06:06 PM   #29
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Shit i cant live 6 months on that little cash.
You spend 1.3 million Euros on non-business expenses every three months?

I guess when you need to get to the mainland, you charter your own flights, huh?
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Old 06-26-2005, 06:34 PM   #30
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congrats and good luck in the future
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Old 06-27-2005, 06:16 AM   #31
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spread the wealth ;)
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Old 06-27-2005, 06:27 AM   #32
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Don't be depending on your only income from Adsense unless you have a shitload saved.
He got ?1,56 mill Which is close to 2-3 mill USD
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Old 06-27-2005, 06:41 AM   #33
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He got ?1,56 mill Which is close to 2-3 mill USD
1.56mln E is nowhere close to $3mln
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Old 06-27-2005, 06:48 AM   #34
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1.56mln E is nowhere close to $3mln
not even $2 MLN.
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Old 06-27-2005, 06:52 AM   #35
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1.56mln E is nowhere close to $3mln
Yup
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Old 06-27-2005, 06:58 AM   #36
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it will make me a pretty wealthy guy in south-america whare everything is 10 times cheaper
Oh that's not very niceof you.
taking advantage of the cheap south-american economy. PFFFT!!!!



ps. good luck to ya!
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Old 06-27-2005, 07:32 AM   #37
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congrats! thats a very nice accomplishment
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Old 06-27-2005, 07:34 AM   #38
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Are you going to rely on Google AdSense as your sole income? That seems kind of risky unless you're willing to work again if the need arises.
Yeah, but he will probably have enough cash on backup..
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Old 06-27-2005, 07:42 AM   #39
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not even $2 MLN.
almost 1.9$
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Old 06-27-2005, 07:50 AM   #40
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Well I guess its a cool idea .. good luck there if every thing goes good as you plan
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Old 06-27-2005, 07:58 AM   #41
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Good luck with the move man, and the sale.
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Old 06-27-2005, 08:00 AM   #42
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Very cool plan, I'd think again about those SA countries though... some are not as safe as they seem.
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Old 06-27-2005, 08:07 AM   #43
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Honduras is right next door to Nicaragua, and we have broadband and wireless, plus you can hang out at my bars with your WiFi Laptop

May want to put us on your list to explore
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Old 06-27-2005, 08:08 AM   #44
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good for you

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Old 06-27-2005, 08:12 AM   #45
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congrats and good luck
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Old 06-27-2005, 08:25 AM   #46
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"owe nothing - own everything"
I gotcha. But the 1.5 has to be in something and make some income or long term move.

I was just looking at the Dow Jones Industrial Average in the US. It has a 5% yield right now. Historically stable and nice coupon rate.

Put your cash in something like that and you have 75k a year extra to reinvest or blow on stuff.

But I need an adress for statements. And a way to transfer the cash etc. Brazil which is where I would move is very backward on some of this stuff. The good news is this got me thinking about it again.
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Old 06-27-2005, 08:32 AM   #47
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Honduras is right next door to Nicaragua, and we have broadband and wireless, plus you can hang out at my bars with your WiFi Laptop

May want to put us on your list to explore
You and Honduras are on the top of the list
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Old 06-27-2005, 08:37 AM   #48
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wohooo, goodluck to u dude....that's the start of a new beginning
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