My 5-Year “About Me” Page
Over this past weekend, I wrote a guest post on Escaping the 9 to 5 about a new perspective on writing your goals. The post talked about an interesting spin to goal-setting. Essentially, you write your “about me” page (much like you’d see on someone’s blog) from the perspective of 5 years from now. Write about who you’d like to be (and you can feel free to change “5 years” to “1 year” or “3 years,” or whatever time frame you want). Before you finish reading this post, I’d suggest reading my full guest post over at Escaping the 9 to 5, and definitely check out the rest of her blog if you haven’t already.
My 5-Year “About Me” Page
Here’s what mine would look like:
Hi, I’m Eric and I’m a successful internet entrepreneur. Over the past few years, I’ve been involved with several profitable online ventures, but that’s not where my career began.
In 2008, I graduated from the University of Illinois with a Master’s degree in accounting. Around the time I graduated, I also passed the CPA exam and became a Certified Public Accountant. Despite my eventual move away from accounting as a career (which I’ll explain below), I still remain an active CPA today.
Right out of college, I began my career as a tax consultant with a “Big 4” public accounting firm, and was immediately thrown into the fast-paced, 9 to 5 lifestyle. The only problem was, public accounting was anything but “9 to 5.” On the easier days, it was 8 to 5, but during busy times, it was more like 7 am to midnight. It almost goes without saying – you need to be passionate about what you do to remain in this type of work environment.
After about two years in public accounting, I began dabbling in internet muses. First, I created the blog My 4 Hour Workweek (“My4HWW”), which today is well-known as one of the top blogs for new entrepreneurs looking to create profitable muses and escape the standard 9 to 5 routine. I credit much of my success to My4HWW, for giving me accountability in my dreams and goals, and for helping me connect with many like-minded individuals.
While I began testing various types of muses on a very small scale, I quit my public accounting job and took another accounting position outside of public accounting. It allowed me to earn a steady income and work more regular hours compared to my previous public accounting job, which gave me more time to gradually build up my internet ventures.
Over the next year, I created several joint venture relationships – one with my brother, and a couple with some ex-coworkers whose goals were similar to mine. My brother (an industrial designer) and I designed and launched a revolutionary, yet simple, product in the environmental/”green” niche, which today sells on a completely automated website. Although we had our hands in it for the first couple of months, we’ve outsourced all the logistics and no longer need to deal with anything aside from the occasional e-mail.
Once these ventures eclipsed $100,000/year (for my share of them), I quit my 9 to 5 accounting job, knowing that I could feel secure and comfortable with the income from my online ventures. Looking back, I probably should have quit sooner.
Today, my online ventures (most of which are passive) generate $200,000 of profit per year for me, and I hope to double that within the next year or two. I’ve kept my CPA designation active, because I still believe that accounting is a foundational skill for me, and I’m finding that I leverage this knowledge often in my daily activities. Also, I still provide tax consulting and financial advice independently to a small client base, mainly so that I can keep my professional network active.
I’ll be honest – it was a lot of hard work to get to this point, but so incredibly worth it. I’ve never felt so rewarded for my effort. It’s great knowing that now, I can spend time with my family whenever I want. If something ever comes up or I decide I need a vacation, it’s very easy to drop everything and go, because of the comfort my passive income provides. Don’t get me wrong – I’m still up until 1:00 am working some nights , but it’s on MY terms and I do it because I love it.
Now It’s Your Turn!
I strongly recommend completing this exercise, even if you don’t have a blog on which you can publish it. If you do happen to post it on a blog, please feel free to share the link in the comments. I’d love to read it, and I’m sure other people would as well. Also, I’d appreciate it if you shared your comments regarding what you think about this goal-setting technique!
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