EntreProgrammers Episode 72
And We’re Live!
Derick shares his wealth of lego trivia.
Derick completed his 9 plus day email course on RabbitMQ patterns. Plus a landing page for signups.
Derick is also getting ready to format the RabbitMQ content into an ebook, with the cover finished! He mentioned a charge of 5 bucks. Derick is hoping this leads to further traffic and attention for the bigger RabbitMQ bundle. Derrick talks about the mailing list discount, 25% off
Josh is curious about the conversion rates and the cost of the engagement of Derick’s bundle. Josh is also curious about the tracking on Twitter.
Derick mentions spending a lot of his time setting up the marketing automation for RabbitMQ.
Chuck is going to be creating a course on testing. Chuck ask if he should do a more special target market. The EntreProgrammers vote, yes. Chuck is possibly thinking about doing something in Rails or JS, in a live event.
Derick suggests doing a bundle, and thinks that creating the content would take longer than 2 months. So an on-site training gig would be the best option with the time Chuck has left.
Josh asks Chuck what does he have now that he could sale at the moment? Josh suggest a door buster on everything on what he has to offer.
Josh ask if Chuck has the time to sale block of his time for consulting for podcast coaching or developing. Derick thinks that on-site consulting, and pre-selling.
Josh suggest to Chuck that he record or take good notes, to possibly create an ebook, or for more content.
Derick suggests that Chuck put all his focus on this new project if his decide to create something. Chuck shares that he has a lot of things in place to where he could begin this project. Chuck talks about doing more conferences this coming fall. Along with releasing the videos of talks from prior remote conferences.
Join joins the podcast for Dublin.
Chuck shares that his sponsorship stuff is looking good in the future, and will be able to make over ten thousand dollars a month.
John offers to help Chuck with a quit fix.
The EntreProgrammers talk about refinancing a mortgage. John mentions taking a longer financing with a lower payment. But paying back the loan as fast a you can to save on interest.
Josh meet a tax guy who is consulting him on self employment taxes. Taxman says to pay 50%, Derick says he pays 30%. John explains his tax preparations and cautions.
Josh says he needs a book keeper for his taxes. John talks about well documented tax practice and how he pays all his estimated taxes in the 4th quarter. Yikes.
Josh is still trying to find his “break even point” of what he needs to bring in from his business. The EntreProgrammers talk about creating a financial buffers, used for whenever the need money. But John say that it is money already spent, and one should be careful with the size on their buffer. Josh talking about a HELOC, as a secondary buffer.
Josh, Derick talk about taking 401K out. John explains taking out now verses taking 401K later at a higher tax penalty.
Derick ask if he has all this money he is making what should he do with it or where should he put his money. John say explains that real estate investments are a great place to invest in.
Josh talks about starting to invest. John start to sounds like Robert Kiyosaki, while debating with Josh about real estate verses stocks.
Josh makes a great point that there is more hands-on with owning real estate. John says only if you do not have management in place.
Thoughts for the Week
John - Do not sit on benches in wooded areas, because of Chiggers.
Derick - Words mean things…Choose your words carefully
Josh - Say what you mean..
Chuck - Keep track of stuff…