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Title: How This Race Car Driver Built a $200K+ Recurring Revenue Online Business 🏎 | My Insurances Info
Link: How This Race Car Driver Built a $200K+ Recurring Revenue Online Business 🏎 | My Insurances Info
How This Race Car Driver Built a $200K+ Recurring Revenue Online Business 🏎 | My Insurances Info
Finance is a field that is concerned with the allocation (investment) of assets and liabilities over space and time, often under conditions of risk or uncertainty. Finance can also be defined as the science of money management. Market participants in the market aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be broken into three sub-categories: public finance, corporate finance and personal finance.
Public finance describes finance as related to sovereign states and sub-national entities (states/provinces, counties, municipalities, etc.) and related public entities (e.g. school districts) or agencies. It usually encompasses a long-term strategic perspective regarding investment decisions that affect public entities. These long-term strategic periods usually encompass five or more years. Public finance is primarily concerned with:
Identification of required expenditure of a public sector entity
Source(s) of that entity’s revenue
The budgeting process
Debt issuance (municipal bonds) for public works projects
Central banks, such as the Federal Reserve System banks in the United States and Bank of England in the United Kingdom, are strong players in public finance, acting as lenders of last resort as well as strong influences on monetary and credit conditions in the economy.
A couple of years ago I had the opportunity to race a Corvette around a racetrack. Not only did I about lose my mind, I could have lost my life. I had no business being behind the wheel of that car! 🤪
Today we are going to meet someone that has business being behind the wheel of a race car and also behind an amazing business that we are going to find out more about.
Today we are going to talk to Luke Bogacki and hear the backstory of how he started and how he grew his business.
Luke came to see me to talk about how to be a financial advisor. He was a professional race car driver and already had an online business. 🏎️ He also has a membership community around this bracket racing that he is in.
Luke is one of the most decorated bracket racers in his day. He has won two NHRA World Championships. He has over 200, maybe 300 members that are part of his community. 🏎️
✅ You can find Luke here:
💻 Website: https://thisisbracketracing.com/
🎙️ Podcast: https://thisisbracketracing.com/podcast
We are going to learn more about him now:
➡️ 1. Tell us about your business? [3:00]
➡️ 2. What inspired you to start on online business? [3:35]
➡️ 3. Who was a mentor or someone you looked up to when starting out? [4:25]
➡️ 4. What do you remember being your biggest obstacle starting out ? [5:55]
➡️ 5. How did you make your first $1,000 online? [8:08]
➡️ 6. When did you make your first significant passive income? [10:52]
➡️ 7. What would you tell your beginner self about getting started? [12:26]
➡️ 8. Any last words you’d like to share? [11:42]
Luke’s story is amazing. We are not talking Nascar 🏁, but it is bracket racing, which is more of a niche type racing which many people don’t know about.
But more, he realized he couldn’t do that the rest of his life. He took that experience and community and built an amazing business out of it.
I hope you enjoyed this story. I plan to offer many more. Be sure to subscribe so that you don’t miss any of them. 😊
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