As for my young self’s income, I’ve told a few pieces of my story in comments for other FS posts, but here is some history that aligns with the content of this post and answers a couple of Sam’s questions: I can’t remember if I made over $100k by 25 or by 26, but was a millionaire by 27 due to a mostly lucky break with tech company stock options in the Roaring 90s. The path: I graduated high school as co-valedictorian, but will call myself #2 because the other guy took harder classes so deserves the #1 spot. I started college in mechanical engineering, hated it (and esp. one evil professor), switched to international studies, liked it. I got decent grades, partied a lot to make up for a choir boy high school experience, and worked all the way through college…full time my senior year…but just sweat jobs, no internships. Paid for college myself. After college, I traveled and partied a bit more, dabbled in a few different jobs and ended up convincing a small software company to pay for a basic software testing programming course in exchange for about 6 months of service (got that through casual networking inspired by a dose of nepotism). I wrote a test script they were able to sell, so negotiated an early break and landed a test engineer contracting job at a large software company via the worst interview in the history of interviews (the recruiter had to come get me in the parking lot as I was getting in my car to leave…the hiring manager’s closing question was an incredulous “…ummm…so, why should I hire you?” which I answered by jumping to my feet with both arms in the air to yell, “Cuz I’m the best!” He laughed and told me to get lost.). After a year at that job, I did a couple other tech contracting gigs, then converted to a full time gig with a pay cut for a junior mgmt job in exchange for lots of stock…which split 4 times in 12 months, thus the millionaire thing at 27. I lost 75% of that money via bad (a.k.a. zero) investment mgmt by 29, but had a fantastic time bouncing around the world adventuring and doing a little non-technology work (including teaching English in a Mexican university and training teachers in Los Angeles, both of which I liked). I eventually got married and went back to madam technology, but as I hinted above, this old whore (hey, “44” rhymes with “whore”..whaddyaknow..I’ll remember that for my birthday next week ;-)) has about run out of energy or interest for working the corporate red light district. I’ve created some other income streams, but want more of that before I leave tech and spend more time the way I now want to. This site is good inspiration for that.
I believe a far more effective way to monetize your website is by offering consulting or other services, and/or selling digital products. In fact, that’s how I monetized AlexisGrant.com, where I only see between 13,000-16,000 unique visitors each month. (See my ebooks here.) Once you have a significant amount of traffic — I’d say at least 10,000 unique visitors a month — you can also add direct-buy advertising to the pile.
In recent years, college tuition costs, which have been growing faster than the rate of inflation for more than two decades, have slowed a bit. According to the College Board’s annual Trends in College Pricing report from 2014, the average cost of in-state tuition and fees at a four-year public university increased by 2.9 percent between the 2013-2014 school year and the 2014-2015 school year to $9,139. The past two school years were the first since 1974-1975 in which increases were less than 3 percent (not adjusted for inflation). That doesn’t mean college is cheap.
Summary: 7 Figure Franchise is basically just a resell right, with some decent training on traffic generation, for you to leverage Michael Cheney's sales funnel and promote his products. Yes, it's possible for you to make money but you're not building a business for yourself. It's more about helping Michael to build his business which can be taken away from you anytime. (Remember, it's just a franchise!)