I have had a few internet businesses and did almost this exact plan. The only issue I have is selling your business doesn't make a ton of sense. It is like the story of the goose that lays the golden eggs. Once you kill the goose the golden eggs stop coming aka you sell the business and it stops making money. The money the business makes is more than stocks, you have more control, and you can still live cheaply off of it and invest all the extra profits into the stock market. Over time you will have more income from the business coming in as you create more content and your investment money will continue to grow as you fund it more. You eventually hit a point where your investment income and business income are about the same and now you can really start to live a great life. You can either get someone to run the business for you, sell it, or just live off of its profits, but do nothing as it slowly makes less and less. You don't really care as you have all of its money plus other investment money coming in.
Great content as usual ! You Can improve this : as KDP IS a digital business you Can first change your tax residence for Romania Panama or Paraguay : instead of give 30% of your annual gain or your 800 000 you'll give 3% 😁
I think u need to actually live in those countries and pay tax there. I live abroad, and all my US federal tax is exempt up to 80,000/year. I still pay self-employment and social security tax. Been doing this since 2008.
@@everybodylovessnoopy you need to live 6 months in the country and take an international insurance for about 2000 a year but it although depend from where you come. Perhaps i'm wrong but in Romania i think social security is not required if you take only dividends from your SRL and a private contract
@@SeanDollwet yes it depend from where you Come too and if there IS a tax deal between the 2 countries. Only a lawyer Can really give thé best advise i think 😁
I’ve watched a lot and f your videos and today I was thinking about people who have disabilities- who are often unemployed- for no reason other than employers are not interested. All of the advise/info could be really beneficial to that population.
Great video Sean. And appreciate the effort. The concept as you say is the most important piece. I respectfully disagree though on putting all your money in conservative stocks. Instead, my approach is to focus on real estate. Why? Because of a) equity that you can then leverage b) cash flow over and above expenses that can quite easily get to over $3,750 a month. Perhaps a little more risk this way but making $5k to $10k a month in passive income PLUS having millions in property equity (at least that’s my vision) is an amazing spot to be in.
Inspiring video and thank you. Just wanted to add that you forgot to mention the EmpireFlippers commission, which on a $820k sale would be $114,600. So $820,000 - $114,600 = $705,400. After paying 20% for capital gains tax, you'd be left with $564,320 to invest. Also, it's unclear in the video how you went from $640k to $772k to invest (see around 07:46)
Sean, I have tried so hard to get through your for training webinar tonight and it keeps kicking me out. So frustrating because your training is really good and I want so much to complete it. I managed to get back in a couple of times, but I had missed blocks of stuff I really need to know, and finally it kicked me out and I can’t get back in at all.😢 Help! How can I get your complete training webinar? Thanks.
I'd probably be happy just keep working my day job for another 10 years, and using almost nothing of the money I make from KDP. That would be very nice to live off with early retirement and existing retirement savings..
Hey Sean, we also want to see you vlogging your life as a digital nomad and traveler. Any videos of the places you visited? $3,500k is also a lot of money in our country, we can already live comfortably with a family of 5. 🙂
Hey Sean. I wanted to share with you what I think might be one of the reasons why some people have many kdp accounts. Not only to diversify, but I think it's also because you can publish similar books, it's like you can compete with yourself. Example: If you have one kdp account and you publish a book named: "Vending business: 7 steps to live through a passive income" You cannot publish on the same account another book: "Vending business for beginners: how to achieve a passive income in 3 months" It's like duplicate content, isn't it? But if you have 2-3-4 kdp accounts, you might publish similar books targeting same keywords, basically competing with yourself and getting all the traffic for that keyword. What do you think? I used to do that when I was working on app business on Google play store. While an app might cost me 1000€. To change user interface, might cost only 100€. So for 1400€ I can publish 5 apps and taking all the traffic to certain keywords, basically competing with myself in that niche.
Thanks for your helpful videos. I have had a book ghostwritten but not yet published. Need to be sure exactly what to do and currently considering your Royalty Hero course. Big problem, I have invested money in this book with little left to publish and develop more books. Can I publish a few medium content books to continue and create cash to continue? Your advice appreciated
Hi Sean! Thanks again for all the great info. If you (okay me) applied for the Royalty Hero program and it has been 24 hours without receiving a text for the phone call appointment does that mean your application was denied or should I be worried there was an issue with my Mexico phone service (which always has issues)? Either way, no worries, I am all in on publishing no matter what, just wanted to check. Cheers! - Nola
So you are making $20k a month, sell the business so you can invest in stocks in order to make $4k a month. Sorry but if you kept making $20k a month, you could still move to Bali. And after 3 years the $20k a month should be higher and you can sell the business for more. And you would have saved an extra $600k. Should have kept your business.
👉 FREE Training on How I Built a 7 Figure Publishing Business ► seandollwet.com/fsp
Keep pushing Sean! Great to see your YT channel growing as well.
I have had a few internet businesses and did almost this exact plan. The only issue I have is selling your business doesn't make a ton of sense. It is like the story of the goose that lays the golden eggs. Once you kill the goose the golden eggs stop coming aka you sell the business and it stops making money. The money the business makes is more than stocks, you have more control, and you can still live cheaply off of it and invest all the extra profits into the stock market. Over time you will have more income from the business coming in as you create more content and your investment money will continue to grow as you fund it more. You eventually hit a point where your investment income and business income are about the same and now you can really start to live a great life. You can either get someone to run the business for you, sell it, or just live off of its profits, but do nothing as it slowly makes less and less. You don't really care as you have all of its money plus other investment money coming in.
Great content as usual ! You Can improve this : as KDP IS a digital business you Can first change your tax residence for Romania Panama or Paraguay : instead of give 30% of your annual gain or your 800 000 you'll give 3% 😁
Oh really? Woow. Good to know
I think u need to actually live in those countries and pay tax there. I live abroad, and all my US federal tax is exempt up to 80,000/year. I still pay self-employment and social security tax. Been doing this since 2008.
@@everybodylovessnoopy you need to live 6 months in the country and take an international insurance for about 2000 a year but it although depend from where you come. Perhaps i'm wrong but in Romania i think social security is not required if you take only dividends from your SRL and a private contract
@@SeanDollwet yes it depend from where you Come too and if there IS a tax deal between the 2 countries. Only a lawyer Can really give thé best advise i think 😁
doesn't the US take 30% withholding tax if you live in Panama? :)
Sean, so you are giving up a $240,000 a year cash flow to buy stocks and make $75,000 a year cashflow? What's the advantage?
He built another kdp store of course :)
I’ve watched a lot and f your videos and today I was thinking about people who have disabilities- who are often unemployed- for no reason other than employers are not interested. All of the advise/info could be really beneficial to that population.
Hey Sean, love your vids !! ❤️
Can you please make a video on how non US citizens can connect their bank accounts to Amazon KDP ?
Great video Sean. And appreciate the effort. The concept as you say is the most important piece.
I respectfully disagree though on putting all your money in conservative stocks. Instead, my approach is to focus on real estate. Why? Because of a) equity that you can then leverage b) cash flow over and above expenses that can quite easily get to over $3,750 a month.
Perhaps a little more risk this way but making $5k to $10k a month in passive income PLUS having millions in property equity (at least that’s my vision) is an amazing spot to be in.
Inspiring video and thank you. Just wanted to add that you forgot to mention the EmpireFlippers commission, which on a $820k sale would be $114,600. So $820,000 - $114,600 = $705,400. After paying 20% for capital gains tax, you'd be left with $564,320 to invest. Also, it's unclear in the video how you went from $640k to $772k to invest (see around 07:46)
so the morale of the story is to be the in-between like EmpireFlippers, lol
Sean, I have tried so hard to get through your for training webinar tonight and it keeps kicking me out. So frustrating because your training is really good and I want so much to complete it. I managed to get back in a couple of times, but I had missed blocks of stuff I really need to know, and finally it kicked me out and I can’t get back in at all.😢 Help! How can I get your complete training webinar? Thanks.
You're the inspiration bro. Sean I am on it trying my best.
Great video quick question, How much in your opinion does it cost to realistically begin publishing high quality books?
man, taxes are really capping our earning potential
Wow! glad to hear you live in our country Thailand. Hope you enjoy your life here for long. I'm your fc. Thanks for grate vid.
To think I only was able to find you because of your investing videos. Glad I did.
Thank you! You've given me a hope to retire within 3 years.
I'd probably be happy just keep working my day job for another 10 years, and using almost nothing of the money I make from KDP. That would be very nice to live off with early retirement and existing retirement savings..
Thanks for your advice. Only have 2 novels on KDP, but getting there slowly.
You’re a smart man
very helpful Sean, thank you.
Hey Sean, we also want to see you vlogging your life as a digital nomad and traveler. Any videos of the places you visited? $3,500k is also a lot of money in our country, we can already live comfortably with a family of 5. 🙂
you're a very inspirational individual .
Gracias Jefe Sean!
Well done, nice content
I tried to join your Facebook group and was denied. Wasn't told why but I thought others that follow you might want to know all possibilities.
Hey Sean. I wanted to share with you what I think might be one of the reasons why some people have many kdp accounts. Not only to diversify, but I think it's also because you can publish similar books, it's like you can compete with yourself.
Example:
If you have one kdp account and you publish a book named:
"Vending business: 7 steps to live through a passive income"
You cannot publish on the same account another book:
"Vending business for beginners: how to achieve a passive income in 3 months"
It's like duplicate content, isn't it?
But if you have 2-3-4 kdp accounts, you might publish similar books targeting same keywords, basically competing with yourself and getting all the traffic for that keyword.
What do you think?
I used to do that when I was working on app business on Google play store.
While an app might cost me 1000€. To change user interface, might cost only 100€.
So for 1400€ I can publish 5 apps and taking all the traffic to certain keywords, basically competing with myself in that niche.
It’s against amazon terms and will get your account closed/terminated.
@@kayligo yes I know, that's why they have many accounts.
Thanks for your helpful videos. I have had a book ghostwritten but not yet published. Need to be sure exactly what to do and currently considering your Royalty Hero course. Big problem, I have invested money in this book with little left to publish and develop more books. Can I publish a few medium content books to continue and create cash to continue? Your advice appreciated
This is misleading to call growth in a portfolio “ passive income”.
Thanks Sean
Thank you 😍😍😍😍
Can anyone have an FBA as well as KDP?
Do you run adds to the USA and Canada on the same books on the same time?
Thank you Sean.
How many high content books are you able to publish in a month and how are you able to do it fast?
@@SeanDollwet Ohk. Thanks
i have a question about manadals book. how can i make it for free and use it 🤷
Hi Sean! Thanks again for all the great info. If you (okay me) applied for the Royalty Hero program and it has been 24 hours without receiving a text for the phone call appointment does that mean your application was denied or should I be worried there was an issue with my Mexico phone service (which always has issues)? Either way, no worries, I am all in on publishing no matter what, just wanted to check. Cheers! - Nola
@@SeanDollwet Thanks Sean! Will do.
I honestly can’t access your royalty hero course
Hi Sean, where do you hire illustrators and interior designers? Also does Amazon only allow you 2 categories now instead of the usual 3?
@@SeanDollwet that’s the first time I hear this. Can you explain more? Thanks for your work btw
@@SeanDollwet do we have to tell them which categories we want or do they choose? Thanks i want to do this
my dream is to just make a living with this not even retired 🤷
Do you have a course that teaches Amazon kdp fully?
Don't cook stocks in kdp video
5:22 create a LLC in a Dubai free zone and pay 0% taxes
You can't retire in 3 years be realistic. If everyone produces similar products the market gets saturated
So you are making $20k a month, sell the business so you can invest in stocks in order to make $4k a month. Sorry but if you kept making $20k a month, you could still move to Bali. And after 3 years the $20k a month should be higher and you can sell the business for more. And you would have saved an extra $600k. Should have kept your business.
Being on kdp, he will still have to work. Being on a passive income he can relax.