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Michael Herlache The Progression of Capital June 4, 2016 1. M&A Career (to $500k) 2. Buy perpetuity @ $10k passive income (Vanguard Dividend Growth ETF) 3. Then can do startups after purchase perpetuity ***Cannot do startups until own perpetuity that pays all yearly expenses. Can start startups in 10 years

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Page 1: The Progression of Capital

Michael Herlache

The Progression of Capital

June 4, 2016

1. M&A Career (to $500k)

2. Buy perpetuity @ $10k passive income (Vanguard Dividend Growth ETF)

3. Then can do startups after purchase perpetuity

***Cannot do startups until own perpetuity that pays all yearly expenses. Can start startups in 10 years

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