5 min read
In 2007, I worked as a mutual funds advisor at ING. I thought I was a real hotshot and also started investing with my personal money. The first stock I bought was the company I worked for at the time.
Within a year, I lost 60% of my money because of the financial crisis of 2008. When that happened, I did what most people do: I stopped investing altogether.
That’s our usual response when we experience losing money on a venture, whether it’s a failed business or a market crash: We stop and we become afraid. And that’s normal. It’s what most people do when a market crashes (whether that’s stocks, commodities, crypto, and so forth).
But you can’t succeed if you get out of the game.
4 min read The first thing I did to change my financial shape was to quit my bad money habits. At 28, I was walking around with $30K in student debt, no assets, and about $8K in savings to fall back on. Three years after I got serious […]
6 min read Let’s do a thought experiment to demonstrate the steps one can take to build financial stability in their life. Imagine that you wake up tomorrow and your net worth is zero. It’s not an uncommon thought. While it’s not very likely you’ll lose everything, there […]
3 min read I got my first decent-paying job when I was 17. It was a call center and I had to sell mobile phone subscriptions to people. The job wasn’t satisfying, but the money was pretty good for a 17-year-old, especially during the summer when I could […]