Hi, I'm Erica Douglass. I sold my business and "temporarily retired" at age 26. I write here about investing, setting goals, and entrepreneurship. Most importantly, I share lessons I have learned that can help you on your quest for financial freedom!
Get started by reading my latest blog post, or browsing my favorite blog posts.
How To Make A Million Dollars
One of the most common questions I receive is, “How did you make a million dollars at such a young age?”
This is a popular question. In a recent book, “The Middle-Class Millionaire: The Rise of the New Rich and How They Are Changing America”, the authors take a look at households with a net worth between $1 million and $10 million, which they call “Middle-Class Millionaires.” In the book, which was written by interviewing more than 3,600 middle-class millionaire households, they drill down to the same question: “How can you become a Middle-Class Millionaire?”
I read the book and was surprised to find that many of the ideals espoused by middle-class millionaires are ideals that I share. Below, I will outline five ways of thinking that helped me to sell my business for $1.1 million at age 26. Read the rest of this entry »
You Are Worth More Than You Think: Overcoming The Key Reason Entrepreneurs Fail
If you have ever said, “I just don’t have enough time to do [an activity I love]“, this advice is for you. Be prepared: This post is designed to get you thinking differently about your business and your life. Your ego is guaranteed to raise objections to this type of thinking. As those objections surface, write them down, and consider how you can overcome them as you give this advice a try. Read the rest of this entry »
When Should You Buy Real Estate — And When Is It Better to Rent?
Combing through the questions you — my fabulous readers — ask me, I find one common thread. I write a lot of posts on real estate, but you want fewer esoteric graphs and articles and more common-sense advice. Fair enough. By the time you’re done reading this, you’ll have an excellent idea of exactly when higher-priced houses will fall in price, and you’ll have an armload of data to assist you in determining when a house is priced correctly — no matter where it is or what its price. Read the rest of this entry »
Changing Your Perspective About Work: The 2-Hour Work Day
I had a revelation today: I don’t really like working.
I suspect you’re grinning by now. If not, you should be. I bet you’re thinking: “This is a revelation? Seriously?”
Well, yes. No matter how much we love what we do, we have those days where we really don’t want to be there. It’s a beautiful day outside, and we’re sitting here in front of the computer. What are we doing? Why are we letting our lives waste away at work? Read the rest of this entry »
My 2008 Goals Update - June, 2008
I posted my goals for 2008 in December, 2007. My primary goal was to launch my new website, Inspiring Innovators, in January.
I missed that deadline, but for a good reason. Read the rest of this entry »
