Let me take you back to the time when I was 25 years old and clueless about how to make my money work for me. I desperately wanted to start early, but all I knew in college was how to study, work a part-time job, and play video games.
Investing? Stock market? Real estate? It was all Greek to me. My only plan to make money was to get a good job after graduation. But let me tell you, life wasn’t all rainbows and unicorns back then.
I was crammed into a living room with five other housemates. No personal space, just a makeshift room with three walls and a curtain. Rats running around my bed made me too terrified to even sleep. And don’t get me started on the lack of privacy with constant noise from my housemates and their guests.
One day, while aimlessly staring at the TV news, I noticed those damn red arrows pointing down and green arrows pointing up, accompanied by some cryptic letter. I had no clue what it all meant, and my housemates were equally clueless.
That was the turning point for me. I couldn’t keep living like this, being clueless and stuck in a messy living situation. I wanted my own private space and to make boatloads of money. And I was determined to figure out the mystery behind those arrows.
I made a promise to myself: I’ll be a millionaire by the time I turn 30.
So I picked up my first-ever non-university book, “Warren Buffett’s Three Favorite Books” by Preston George Pysh. And how did I even know about Warren Buffett? I just Googled “best stock investor to learn from,” and there he was at number one.
Next on my reading list was “One Up on Wall Street” by Peter Lynch. I also opened up an e*trade brokerage account, which I still use to this day. I bought some Microsoft and Facebook stocks, which were dirt cheap back then, just $60 per share each.
Since I was studying to become a petroleum engineer, I also invested in oil companies. I knew I had to be hands-on if I wanted to learn quickly. If I lost money, hey, it was a lesson learned. And if I made money, even better. In my mind, there was no such thing as losing, only winning or learning the hard way.
That first book changed everything for me. Now, I earn $2000 in dividend stocks each year and manage eight Airbnb properties. All because I was hungry for change, hungry for knowledge, and curious enough to delve into the unknown.
And that’s why I’m sharing this story with you. I was once clueless and didn’t know what to do, but I let my curiosity guide me. I started exploring things that no one around me knew about.
The Moral Of The Story:
It is important to start somewhere, whether picking up your first book or reading a blog. Take action right away, even if it seems small at the time. Believe in the compounding effect of knowledge and watch as you reach your goals sooner than you think. And guess what? Your money will compound too, like a snowball turning into an unstoppable avalanche.
So go ahead, go after what you want, and let curiosity be your superpower.
This Week’s Action Step
What are you going to read?
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