Hello guys i have been very busy there last 6 months juggling new careers and exploring new avenues ! A little update on myself, I have been living in Fullerton for the last year now and i must say it was the greatest decision i could of ever made for my future! I am on track to graduate from CSUF with my nursing degree but due to the long waiting list I am forced to wait until 2015 fall to start my bachelors. I was gridlocked!!
I couldn't go to school again for a year and had no financial aid to help support me living. During this transition I have been juggling as many jobs as possible to afford living down in OC and staying busy since I wasn't use to having free time. I was previously working for Staters in Phelan, Fontana, and Yorba Linda. But I was tired of being tired. Tired of always struggling for my bills and my poor mother didn't have much to help me out with so I was on my own.
Thankfully I had my younger brother as you know Jason reach in and help change my life. He gave me the proposition to move to OC with him in the first place and offered to help me transition into a better job. With his support and the support of my long time GF Nicole Chance I was able to apply and become a host at olive garden. Now i originally took a big pay cut since hrs aren't very good in the restaurant industry but I saw this as an investment because I wanted to become a server and not continue to get paid minimum wage again for the rest of my life. I made it and quickly became a server at not only Olive Garden,but TGIF, and Buffalo Wild Wings.I was making great money. Working 40-50 hrs a week netted me 3-4 THOUSAND dollars! For someone who has been working and used to getting 1300-1600 a month at minimum wage i was ecstatic!! But I wasn't going to stop there!
Now the real moral here is that don't be comfortable with where you are at in life. Always try and reach for more. If you believe you are worth more than chances are you are ,but only if you do something about it!
On to my real reason for this post! I have been posting a lot of financial information and most of you guys probably skim through and wonder why I post them. Good question!The answer lies when i was 14 years old.
Any of you guys who know me , probably know how much of a nerd I am. I spend hours a day researching and reading and the internet offers me just the avenue to do that.But I didn't start using this for my future until the day I found out how much my father had saved for our college education. Our family was hit really hard during the 2008-09 housing crisis and was left very poor. Our college fund also took a hit since my parents pulled some out to save our houses.(parents knew not of 529 plans and invested in mutual funds) We only had about $8000 each between jason and I. We couldn't afford even 1 years tuition at a state college....I was terrified. All my life I thought that if I studied hard could get into a good college but i was sitting at a 3.6 GPA and I knew that my financial aid could only go so far. So I took a risk. *******disclaimer I advise you not to do what I did unless you consult a financial consultant**********
Now that I have that out of the way, I invested heavily into stocks and options. I researched day and night on how to read a prospectus and understand profit and loss. Assets to debt. Market perception. Investment mindsets and strategies from Warren Buffet, and other financial giants. Most of all I got lucky! Since the recession our market had predictably bounced back and we rode the wave.
We rose our account from 8000 to over 39000 in a span of 1 and 1/2 years. I made more money each day 30 mins in front of a computer than I did in 8 hrs of staters, Hell probably 100 hrs. Lesson learned ,we taught ourselves from a very young age that if you ever want to build real wealth you need 1 of 4 things.
1.Have time
2.Have a lot of money
3.Have a lot of people making money for you
4.Take Risks when you can and Invest in your life (education, health, financially)
If you have time you have a much better chance to make money than the guy 10 years older than you. You cannot buy time once its gone its GONE!
If you have money you can make your money grow. DO NOT LEAVE IT in the savings account!!!!(now you must have a savings but once you pass that your money isn't doing you any good)
If you have people making money for you than you can leverage 10% of 100 people you get the combined effort of 1000% right? sure beats 100% of my own.THIS IS WHAT COMPANIES ARE!
If you take risks and learn to invest in your self you will expand your mind and expand your pocket books! You will be open to learn about what finances really are instead of hiring someone to do them for you. You will learn how to minimize taxes , make a more effective rate of return and more importantly you will learn why if you succeed why you succeed . And if you fail you will learn why you failed. Otherwise you are just getting lucky and good luck consistently trying to reproduce luck!!
I only had points 1 and 4 and I'm doing very well. I am now 21 and my retirement is probably healthier than a lot of adults I have seen.
I will continue to exercise my strengths and try and use all the points 1-4 and this blog will now be used to chronicle my journey to wealth. I hope I can hear from all of my friends and family who read this:)
Please remember if anything that
Being wealthy isn't luck. Its discipline and courage.
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