Semi-Uninformed But Great Financial Advice, I Promise

Semi-Uninformed But Great Financial Advice, I Promise

Before you read this any further, I have excellent financial advice that you are going to want to hear. If you are under 30 years old, this is *specifically for you.

First things first – who am I and why do I think I have the merit to speak on this. I am a 25 year old HS Business Teacher with a Business and Personal Finance Certification, I am 4 classes away from an MBA, I minored in General Business, I own a company and have owned two others before this one.

To be quite honest with you, I don’t have a ton of cash to my name – if I did I would’ve spent it on a down payment for a rental home months ago. I have a baby girl on the way, and really only one thing has been on my mind lately.

How can I get her as much money as possible in the next 18 years?

Great question! I don’t know the answer to it.

I do know, however, how to find out ways to learn the answer.

Do. Your. Research.

Stop scrolling through IG for a minute and open up investopedia.com. Haven’t heard of it before? Here is your intro – click on the link.

Log out of Netflix and listen to Dave Ramsey instead.

I can’t sit here and tell you the best options to purchase or how to identify the best home deeds to purchase in rundown neighborhoods.

What I can tell you though, is that you need to start learning this stuff. You need to start taking your finances and your financial position seriously.

As I mentioned, this article is mostly for those around my age – under 30. Our generation needs to do a much better job of going out on our own and learning, doing, and winning. Take strides right now that move you closer to where you want to be, and further away from everybody else.

If you don’t keep up with the market and the national economy you really should, because there is money to be made out there and if you don’t take advantage, you will be extremely upset with yourself in 10-20 years.

Recently the market has taken a slight hit, and has dropped a little bit. When this happens investors get nervous and do one of two things – they sell everything they have to limit their losses, or they buy more to try and take advantage of the low prices.

When prices drop and everyone buys, what happens to the value of the company? It goes up, because more people bought in to it. Now where is the price? High again, right?

You can see this is how the natural flow of the market occurs. When something happens that scares everyone or excites everyone, things tend to overreact – for better, or worse. Prices can go up and everything can be extremely valuable, or prices can drop and the entire NYSE can seem like a dumpster fire from a distance.

The Dow Jones tracks 30 large American companies, and responds based off of their respective performances. In the last few weeks it has dropped, and continued to drop.

Courtesy of barrons.com/quote

Some of the words and the symbols might seem foreign to you, but it shouldn’t take to much financial literacy to see the decrease on the chart above. The image you see is the value of the Dow Jones year to date (1/1/2020-3/11/2020).

Courtesy of barrons.com/quote

This second image might look identical to you, but it isn’t. It is a completely different index called the S&P 500, which instead of compiling 30 companies like the Dow Jones, the S&P 500 compiles – you guessed it – 500 companies. What this creates is a small snippet of the bigger picture, which is the entire market and NYSE.

When these two indexes are falling, it is often implied that the market is falling as well. For people like you and I, this can be a phenomenal opportunity, here’s how:

Get your mind right, right now. Learn as much as you possibly can. I wouldn’t advise doing too much right now because the market may continue to slide due to COVID and Trump and Bernie and Russia and a million other things.. but my advise is learn.

Take a minute to read up on investopedia.com every once in a while. Download Robinhood and Acorns. Mess around a little bit and become familiar because as a young adult, this is the time when you will make the moves that will impact the rest of your life.

If I make the right investment right now, or if I put my money in the right place right now, I can have college paid for for all my children. If I play it right, I could buy a house that will provide me monthly income for the next 20 years.

So can you. None of this can be done without learning what to do first. Internalize as much as you can, and be ready to act soon.

Many people feel that the market is not done dropping, and for people like you and I, that is wonderful news.

Get out there and learn something, and let’s make some serious money.

Thanks.

Do Not Seek Praise – Seek Criticism

Do Not Seek Praise – Seek Criticism

The following is penned from the book It’s Not How Good You Are, It’s How Good You Want To Be by Paul Arden. I recently reread the book and this is one of my favorite sections from it.

Here you go –

It is quite easy to get approval if we ask enough people, or if we ask those who are likely to tell us exactly what we wish to hear.

The likelihood is that most will tell us nice things rather than be too critical. Also, we as humans have a tendency to mute out the bad that comes from others, and only hear the good. Selective hearing some could say.

So if you have produced a pleasantly acceptable piece of work, you will have proved to yourself that it is good because others will say so.

The work you have done is probably okay, but probably not great.

Instead, if you look at your product with some what is wrong with it glasses on, you are much more likely to get an answer that will help you improve.

Your idea as a whole may even improve.

And yet you are always in the position to reject criticism if you feel it is incorrect.

Arden’s book is stocked full of 1-2 page short essays that each hit you with an incredible truth. The precision of the ideas make it easy to decipher the meaning behind his words.

Thanks.

Aggressive Patience – Again.

Aggressive Patience – Again.

I have written about this before, but I personally need to hear it so I am going to write about it again.

Aggressive patience.

Working your butt off each and every day like you will receive the benefit before you lay your head down to go to bed, but understanding that the best rewards are the ones you have to wait for.

Instant gratification does nothing for anybody. It tricks us.

However, when you are able to accept the fact that you will gain the most from that which you have to wait the longest, you will increase your chances of achieving what it is you wish to achieve.

Work urgently. Be patient.

Work like you have to get everything done today – but expect it in a month.

Construction sites are a great example of this. At a construction site the workers begin by laying a single brick – or propping up that first frame made by 2×4’s.

They know on the first day of construction that when they leave the job site, it won’t resemble anything close to what the final projection looks like. It won’t resemble the final product at all.

How often is there a construction site on your daily drive to work that you pass by twice – sometimes more – each day?

You play games in your head for a couple of months trying to guess what it will be before the building finally takes shape, right?

I know I personally do this.

Now think about the workers. They know the entire time what the project will look like when it is completed, don’t they?

Yet they are still content with leaving the construction site without so much as a brick laid on top of another. Why is this? It is because they practice such great patience. They know that the fruits of their labor will hardly be soon received. Yet they build, build, build, every single day – like they will leave the site with it complete.

It should be no different in your personal life.

*Again, I personally need to hear this, which is why I am writing about it – but I hope you enjoy it and get something from it as well.

You should attack every day like you are going to achieve all of your goals that very day.

Work like you are going to sign that 5 figure contract that day. Workout like you are going to lose 30 lbs that day. Write like you are going to finish the book that day. Paint like you are going to finish the portrait that day.

Keep all of this in mind.

Work urgently. Be patient.

Thanks.

Writing Prompt 1/20/2020: Sun

Writing Prompt 1/20/2020: Sun

Beneath the flowers and the stems,

lie the roots and weeds to condemn.

You look so pretty up top,

underneath are you clean or a dirty workshop.

You must dig to find out,

look in every corner for why you may doubt.

Shackles and chains,

always deny what you wish to attain.

Grab a flashlight and look for the dark,

make it light and get it right.

Not Quite 25 Things I’ve Learned In 25 Years

Not Quite 25 Things I’ve Learned In 25 Years

A very common trend on the internet right now is doing the whole, 30 things I’ve learned in 30 years.

Well, today is my birthday and I am turning 25, so what a great opportunity to create a 25 things in 25 years list! But I’m not going to do that. I’m going to go for quality over quantity.

Instead, I am going to list some of the most important things I can think of that have really stuck with me up to this point in my life, so here we go.

Scared money don’t make money

If you are going to be successful in anything, you have to just go do it. If you want to win, you have to play – plain and simple. Say yes to things you might not be ready for, and do everything you can to learn, learn, learn, along the way. Take chances.

You won’t actually ‘start tomorrow’

Too many times in my life I have employed the ‘I’ll start on Monday’ strategy. Too many times, I never did. I have been fairly disciplined and done what I know I have needed to do in order to stay productive and healthy, but part of having a drive to get better is exactly that – I always want to get better. From here on out I know for a fact I will do a better job of beginning something immediately, and committing to it with everything I have.

No two people are the same

Just because something works really well for someone else, doesn’t mean it will work for you – or that it is the only way to do it. We all know how unique we are, and this is no different when it comes to systems and methods that help us become healthy and successful. Find what works best for you and roll with it.

Coffee is great

I love coffee. Black coffee. I drink it every single day. It tastes great and it helps me in so many ways.

The secret to success is consistent action

All you have to do is DO THINGS, and do them over and over again. You can learn anything. You can accomplish anything. But you have to actually take action and continue to take action.

Find your purpose and motivation wherever you need to

And as I mentioned above, no two people are the same. What motivates someone else might not work for another person. This is going to be totally unique to you!

The power of the Universe (God) is so real

What you think about and focus on is what you will attract, whether it is positive or negative. Your thoughts have a great power that will bring whatever they create in to your life. If you want something, ask for it, and then go get it. Karma also plays a part in this. What you put out is what you are going to get! If you are polite and loving, you will see more of that in the world.

There are more correlations between football and real life than you can ever imagine

People tend to mock sports as ‘just a game,’ but I swear to you football is so much more than that. Teamwork, discipline, effort, intelligence, communication, and more than I can even name. Having been a part of this sport for almost my entire life, I can swear up and down that it is one of the best ways to develop someone as an entire person.

NCAA 14 is the best video game ever made

I love it and wish I could play it all day every day. I did while I was in college, but I am an adult now so unfortunately that won’t fly.

If you don’t look back at yourself on almost a yearly basis and think ‘Wow, I was an idiot,’ you might not be growing

Idiot is a little harsh, but you get my point. You should be getting better each and every year and when you look back on yourself, you should realize how much you wish you knew. If this stops happening for you, you likely are no longer getting better.

Do what you love and what makes you happy

This will be my last one, as it is probably the most popular and the most simple. If you don’t like what you are doing, do something else. Make changes you need to make to make your life what you want it to be. You are in control!

Here is to another great 25 years!

Thanks.

Be Patient & Find What Works Best For You

Be Patient & Find What Works Best For You

It might take you some time to figure out what methods and systems work best for you, and that is perfectly fine.

What isn’t perfectly fine however, is giving up after trying only a handful of things.

The beauty is in the process. While it may not seem like it, you have time to figure it out. Regardless of how you old you are, your drive to improve and find what works for you should never diminish.

I’m thankful every day for the time I have ahead of me to figure out what Skyler should be doing. I have time to try, and fail.

As do you, regardless of your age. Because the amount of years you may or may not have left is not what I mean when I say time. I mean you have plenty of tries.

It’s like you are playing a baseball game and you are up to bat – but you will never strike out!

Swing as many times as you want. Try and hit the curve ball in the dirt. Take a hack at the high and inside fastball. You might not always hit the ball, but guess what? Here comes another pitch. Here comes another day.

Whether you know baseball or not is not the point, but I will mention that of all the professional baseball players who have hit hundreds and hundreds of home runs in their careers, some were better than others at hitting curve balls for home runs, and some were better at hitting fastballs for home runs.

(That was a long sentence, and I apologize for that) ^

But just because your neighbor wakes up and goes for a run every morning, that doesn’t mean you have to be the person who gets up while it is still dark out to go for a jog.

You can be the one who finds time over a lunch break.

You can be the one who can get the most effective workout after work.

And it isn’t just exercise.

Just always keep in mind, different stokes for different folks.

I (think) I am finally finding out what works best for me, and it isn’t what works best for my friends. And that is awesome to me.

Take your time and try a bunch of different methods. Different diets, different workouts, different morning routines, all of it. Move things around and test it all out, you will eventually find out what works best.

A good way to do this, but you have to be careful, is to let yourself idle for a short moment.

Do nothing and be nothing, and find out what comes naturally for you.

I took a step back for a moment to find out what I naturally do, and I have found out that it is a task for me to get up and eat breakfast every day. So what works best? Intermittent fasting. I skip breakfast and don’t eat until a little after lunch, and then I eat big for just a few hours of the day.

Enough about me though, this isn’t what this is about.

This is about YOU.

Do YOU. Find out what works best and roll with it!

Good luck.

Thanks.