WHAT NOT TO DO WHEN STARTING
YOUR OWN COMPANY
WHAT NOT TO DO WHEN STARTING
YOUR OWN COMPANY
In 2018, after 3 years of evaporating almost all my money, I was left with $25,000. The same amount I took 6 months to save up at age 22, but now I was 28. Also, I had to move back to my parent’s house.
I got into a big accident that put me in the hospital and in a coma for 3 days. I had a traumatic brain injury and a shattered calcaneus, but thanks to the doctors, I was lucky to be alive.
During the 6 months it took me to relearn how to walk, I reflected and decided to dissolve my company. I went back to work and decided to do the same thing I did at age 22 when I first started a job and became totally frugal while investing.
This time I didn’t just stupidly put all my money into one stock but rather decided to cost average into both TSLA shares and Bitcoin. Every paycheck I received, I made a commitment to put 30% of it into both those investments regardless of the price.
I knew I wanted to start a finance company, so I practiced instructing my dog, the one on the cover. It’s kind of a meme, but I paid my dog a salary of $6 per day and taught him how to dollar cost average.
Obviously, because he is a dog, the only investment he was interested in was Dogecoin. Back then, the price per coin was a quarter of a penny, and with $6 a day, I was able to buy 2,400 dogecoins for my dog per day.
After just over a year, I was able to attain 1 million dogecoin for my dog at a total investment of $2500. It was at that point I questioned myself and thought, “Wait, why does a dog have more dogecoin than me?” So, I bought 1 million dogecoin for myself. This was in 2019, before Elon Musk even got in it.
The total cost of the 2 million dogecoin was $5,000.
I continued to work and invest in what I thought was the future of society, and during the pandemic, I got my big breakthrough.
Between March 2020 and April 2021, the $60,000 I had invested turned into almost $2,000,000.
So, I sold, bought another house all cash, paid my taxes, and had enough left over to start my finance company.
I am now in the business of writing derivative contracts. Using my own savings, I collateralize my assets and use them to sell contracts called derivatives that derive their value from real-world commodities, securities, and even cryptocurrencies. I am able to write contracts that act as insurance from all sorts of assets, such as oil, TSLA stock, and even Bitcoin.
I have 7 sources of passive income right now and retired at age 32. I have a part-time job that I find enjoyable, and I am a financial coach. I want to help people learn how to save and invest like I did so they can achieve the same financial freedom I did.
I also teach people who are trying to start up a business the mistakes that I made. I teach how to save that money by stopping them from doing all the things I did. I don't want you to melt all your money in your startup or investment finance journey. I'm here to save you time, money, and a headache if you are starting a new business, finance, or investment journey to maximize return. And this book is a blueprint for your entrepreneurial journey. So, here's my website to book a call to discuss your goals and show you how you can save – the opportunity cost of spending what you would have spent on something else instead of saving that money and being able to use it wiser.
I wish back then I had someone who was able to help me and advise me to not do all those things that I was planning to do and ended up doing. And for that reason, I was unsuccessful in that first company. And now, you don't have to go that route.
I'm passionate about this and ready to help you succeed faster by avoiding all the mistakes of entrepreneurship, investments, and financial education. This book and the lessons in it show you how to be authentic and what mistakes to avoid, even if you're just getting started or already on the journey of entrepreneurship.
I'm here to help you save that time, money, and effort so you can avoid the headache. I blew up a quarter million dollars, but whatever money you might have, whether it's $25k or $50k or half a million or multiple millions, to save you from melting that money. Know that if you don't spend it wisely, it will melt away like a snowman in the summer sun.
Send me a message, and tell me more about your financial goals and needs. I will get back to you soon to schedule a consultation.
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