How simon Squib really made it

You’ve probably seen Simon Squib on social media.

“Have you got a dream?”

He walks up to people to people in the street and asks them if they have a dream. He listens to the dream and then sets them a little challenge. (Normally a first step to make the dream come true) If Simon thinks they’re investable, he simply asks them how much money they need, and then throws a wad of cash at them.

It’s punk rock Dragons Den.

Simon is a massively successful entrepreneur who sold his last company for several hundred million. Check him out on instagram.

Simon Squib

Simon bought his first house (Mansion) for cash at the age of 47.

Why?

Why not sooner?

Because he knows property is a shit investment and he’s spoken about this on podcasts.

His first business was a gardening business. Not a man and van type situation. His gardening business was quite large with many employees. He sold it for a fair bit as a going concern and this was the stepping stone to bigger things. But loads of people have gardening businesses and they never get beyond one employee on the books.

So what did Gary do different?

1) He kept his costs low and lived in a shed rent free.

2) He reinvested the profits

This enabled him to pile what he would have been paying in rent or mortgage payments back into the business. A strategy he would use over and over.

Most people can’t do that because they hand half of their earnings over to the bank or landlord.

The crazy part:

Most people are just 5-8 years away from never having to work again.

Instead, they spend 30-40 years chained to a mortgage and pay it off just in time to have to sell the house to live off the equity. (If they’re lucky)

Then they die.

Do you need a business?

Hell no.

In fact, I wouldn’t advise it. Most businesses fail because we are trained all the way through school to be employees, and because there are plenty of businesses already.

So just invest in an already profitable business.

Apple, Tesla, Microsoft, NVIDIA to name a few.

Live like a tramp, then invest like someone is holding a gun to your head and if you’re not a centi millionaire within 5 years the trigger gets pulled.

Sounds simple right?

It is simple, but it’s not easy.

Most amateur investors buy the top and sell the bottom. When investements drop, they panic and sell at a loss and then jump to the next investment. You need to reverse those emotions and pick the right things to invest in.

All explained in Nomad investor

(Invitation only)