Karnjanaprakorn: Financial Independence Takes $5M to $20M Depending on City Size
Michael Karnjanaprakorn · Money, Wealth, and Personal Holding Companies with Michael Karnjanaprakorn · Dec 8, 2022 · at 6:20
Skillshare and Otis founder Michael Karnjanaprakorn discusses financial target numbers and cost of living with Greg Isenberg.
0:00 / 0:27exact quote · 27.7s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“I think it's like five million. If you live in a small town, ten million, if you live in a medium sized town, like Phoenix and 20, if you're like in a major city, like New York if you look at like the current, you know, treasury bills rate, it's a little under five percent, but if you have like ten million, that's like half a million a year in passive income, which covers like, let's just saying you don't have like a lifestyle, like inflation or not, that's not the word. You're not like your expenses aren't really, really high. That covers most expenses for most people.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Michael Karnjanaprakorn
Karnjanaprakorn: Failing startups will merge with one another to survive
“I think we'll start seeing you know, not just within those businesses, but startups that are kind of failing, merging with other startups that are failing to survive. I think we'll just see a lot of M and a activity and not, it won't be big tech company buying…”
Karnjanaprakorn: Creators will sell fine-tuned AI agents instead of traditional online courses
“So I think the new thing creators do instead of like courses, like asynchronous courses or cohort courses, it's a for 10 dollars a month. Like you can learn from me and I'm constantly updating the model and fine tuning it and you can learn directly from me.”
Karnjanaprakorn: Startups will increasingly adopt one-and-done rounds and issue dividends
“A lot of new fund funding mechanisms are going to start popping up. And I think we'll start seeing the one in done round. And I think we'll start seeing dividend issuing start, you know, startups that pay a dividend because not every company is going to break …”
Karnjanaprakorn: 2024 will bring an M&A wave for $100K–$10M digital businesses
“And I think 20, 24 will be digital businesses. So SAS content software apps. I think that range between a hundred K and ten million in revenue, I think it's going to be a huge act like a huge M and a activity. I think we'll, we'll see a lot more of that in 20,…”