Comments on: From Debt to FIRE’d and Building Out a Dream Gym 🔥 https://eliteedgemoney.com/from-debt-to-fired-and-building-out-a-dream-gym/ Money | Minimalism | Mohawks Mon, 17 Oct 2022 13:05:39 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Adam https://eliteedgemoney.com/from-debt-to-fired-and-building-out-a-dream-gym/#comment-401374 Mon, 17 Oct 2022 13:05:39 +0000 https://eliteedgemoney.com/?p=65770#comment-401374 In reply to Camille.

Thank you! As with most of us, it’s the freedom we yearn for.

]]> By: Adam https://eliteedgemoney.com/from-debt-to-fired-and-building-out-a-dream-gym/#comment-401373 Mon, 17 Oct 2022 13:04:33 +0000 https://eliteedgemoney.com/?p=65770#comment-401373 In reply to Gary.

You’re exactly right, however, each lease can be negotiated differently. Just like any business, nothing is really completely passive, however, with the right structures in place, it can be fairly passive just like with real estate investing.

]]> By: Adam https://eliteedgemoney.com/from-debt-to-fired-and-building-out-a-dream-gym/#comment-401371 Mon, 17 Oct 2022 13:02:33 +0000 https://eliteedgemoney.com/?p=65770#comment-401371 In reply to Tim.

Thank you very much! As I say, this is not recommended advice, but if you do go all in on a venture, burn the boats.

]]> By: Camille https://eliteedgemoney.com/from-debt-to-fired-and-building-out-a-dream-gym/#comment-388815 Thu, 21 Jul 2022 22:13:25 +0000 https://eliteedgemoney.com/?p=65770#comment-388815 Wow! Very inspiring. Huge congrats on getting to FI so you could find a way to live a life of incredible impact

]]> By: Gary https://eliteedgemoney.com/from-debt-to-fired-and-building-out-a-dream-gym/#comment-388788 Thu, 21 Jul 2022 16:50:57 +0000 https://eliteedgemoney.com/?p=65770#comment-388788 Compelling story, not too many people would think of a gym as a “passive business” however as you say if you have the staff in place, you don’t need to be the one checking people in or fixing the equipment on a daily basis. We need more gyms around the country.

I’ve always wondered who pays for building upgrades and maintenance, didn’t know landlords only give you an allotment that doesn’t cover the whole thing! Seems like a retail version of Tenant-Improvement Projects.

]]> By: Tim https://eliteedgemoney.com/from-debt-to-fired-and-building-out-a-dream-gym/#comment-388785 Thu, 21 Jul 2022 15:02:49 +0000 https://eliteedgemoney.com/?p=65770#comment-388785 What a great post! I thoroughly enjoyed reading about your story. Its seems like a big challenge of a well-lived life is balancing risk w/ reward. You took a big risk by opening up your gym and I’m so glad its working out well for you. Congratulations and I wish you continued success!

]]>