Bio - The Short Version! It started with $1,000 in the stock market because my friend happened to have a summer job at a brokerage firm. In those early days, I was mostly a good saver, and I was careful with my spending.
Over the years, I did well in my career advancing from junior administrative clerk to senior manager and I was lucky to benefit from increasing real estate values and decreasing mortgage interest rates. I had a goal of paying down my mortgage quickly, which I did, and this gave me the opportunity to buy a second property.
During that time I was also continuing to save and invest in the stock market although I was heavily invested in high-fee mutual funds on the advice of my financial adviser. Looking back on that period, I see now that there was a much better way, but at the time, I wasn't fully aware of that since I was prioritizing my career and university studies.
Despite having missed quite a lot of growth in the stock market, I did well overall. All investments considered, I was in a very good financial position when I retired from my career at 47.
However, if I had known to do just a few things differently, I would have been financially free for the rest of my life. But since I wanted to develop a new and different career, I thought the right thing to do was to learn how to be a professional real estate investor and start a business.
So instead of enjoying my financial freedom in that second stage of my life, living comfortably in my mortgage-free home and generating income from my investing, I did the wrong things and I invested the wrong way. I spent a lot of time and money trying things out, exploring opportunities, searching for the right strategies, and involving myself in risky ventures.
Not complaining - I still did really well all things considered and I'm grateful for that. The point I'm making is that with the right information I would be 10x further ahead. The point is that you can have a much better financial situation and you can be truly financially free with the right information and the right actions.
This is why I feel so strongly about getting you started the right way so you can invest in an optimal way and bypass the trials and errors that I went through.
In my case, thankfully, I discovered that the stock market is my preferred investment vehicle. My long term portfolio today consists mostly of dividend and growth stocks with a performance that consistently surpassed the market index.
Whether it’s in the stock market, real estate, business, career, or personal excellence, the real key is:
#1 Find what works for you
#2 Develop competence in the strategy and method of your choice