These last few months I've been feeling paralyzed, unable to decide what to do with my life. I've been fortunate to have started a business when I was 18 which currently provides me with over $250k a year in passive income, however it's uncertain how long this will last. I've been diligently saving since I started and currently have close to a million. Not enough to retire on comfortably at age 24 but a good cushion nonetheless.
Due to this situation I've become lazy, unmotivated, and overly "comfortable". I feel as though I'm wasting time day by day not being productive or working towards something. I sleep in as long as I want, do whatever I want all day everyday with seemingly no responsibility. I have spent the last year or so being very unproductive and feeling without purpose.
I continue to lightly manage my business (maybe an average of 3-4 hours a month maximum) however it runs successfully without me for the most part. I have no intention to try to grow my business further, expand, etc as I simply don't like the niche for various reasons. In fact - I've found I have pretty much maximized the amount I can make off of it and would really like to diversify my income and efforts AWAY from my current business. So for this reason I would appreciate if the comments disregard that possibility.
There are three things I'm considering doing to break me out of this state:
1) Complete my degree - I dropped out of university after roughly 2 years to focus on my business which proved to be successful. However now that it's at a point where I'm not needed in the day-to-day tasks it may be a good idea to finish my degree while I'm still at a reasonable age and while it's still producing income. The degree is in business administration and if I went with this option I'd most likely major in accounting.
2) Start a new business - I've put a lot of thought and research into opening a pool hall / bar. I've become very passionate towards the game in the last year and a half. There isn't a pool hall in my city and I've talked to several experts in the billiards community who have given me a lot of advice. My first business was built on my passion towards the niche it's in which is why I came up with this idea after being into pool for awhile now.
3) Learn to day trade - Since I have enough money and time I could buy a course, read books, etc to learn how to day trade potentially on the side of whatever else it is I do. This is ideal because it's online, location independent, and could potentially take up less time. I'm also very interested in this however I understand the risks which is why it would most likely be on the side of whatever else it is I do.
So if anyone here would like to share their opinions on this it would be very appreciated.
Thanks a lot,
Gilly
Due to this situation I've become lazy, unmotivated, and overly "comfortable". I feel as though I'm wasting time day by day not being productive or working towards something. I sleep in as long as I want, do whatever I want all day everyday with seemingly no responsibility. I have spent the last year or so being very unproductive and feeling without purpose.
I continue to lightly manage my business (maybe an average of 3-4 hours a month maximum) however it runs successfully without me for the most part. I have no intention to try to grow my business further, expand, etc as I simply don't like the niche for various reasons. In fact - I've found I have pretty much maximized the amount I can make off of it and would really like to diversify my income and efforts AWAY from my current business. So for this reason I would appreciate if the comments disregard that possibility.
There are three things I'm considering doing to break me out of this state:
1) Complete my degree - I dropped out of university after roughly 2 years to focus on my business which proved to be successful. However now that it's at a point where I'm not needed in the day-to-day tasks it may be a good idea to finish my degree while I'm still at a reasonable age and while it's still producing income. The degree is in business administration and if I went with this option I'd most likely major in accounting.
2) Start a new business - I've put a lot of thought and research into opening a pool hall / bar. I've become very passionate towards the game in the last year and a half. There isn't a pool hall in my city and I've talked to several experts in the billiards community who have given me a lot of advice. My first business was built on my passion towards the niche it's in which is why I came up with this idea after being into pool for awhile now.
3) Learn to day trade - Since I have enough money and time I could buy a course, read books, etc to learn how to day trade potentially on the side of whatever else it is I do. This is ideal because it's online, location independent, and could potentially take up less time. I'm also very interested in this however I understand the risks which is why it would most likely be on the side of whatever else it is I do.
So if anyone here would like to share their opinions on this it would be very appreciated.
Thanks a lot,
Gilly