The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

INTRO My Dad gave me bad money advice...

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

What is/was your biggest obstacle getting started in your entrepreneurship journey?


  • Total voters
    9
  • Poll closed .

SweetPotato

Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Feb 28, 2018
3
20
18
36
Irvine, CA
So glad I finally found a community of like-minded people! Here's a little stream of consciousness-type description of my entrepreneurial-related history...

Why the title? When I was in high school I wanted to "grow up" to be 2 things - a writer and a business owner. But my Dad (a perpetual sidewalker, to the financial devastation of our family) always advised me that if I wanted to make a lot of money, I should "work as close to the money as possible", and this was to be taken literally. So, I went to college and changed my major from Business Entrepreneurship (yes, that was an actual major at my university) to Economics. I got a "good job" as an Investment Analyst as the financial bubble was ramping up back in 2006-07 for a contrarian-type High Net Worth money manager, which was an amazing education in itself.

After the bubble, the firm lost a shit-ton of AUM when the super-rich clients pulled their money out to load up on awesomely cheap assets, and I got laid off a few years later as the last-employee standing. This was as the great recession" was at a very low point, and millennials, in particular, had really high unemployment. So, I have been staying at home with my 2 kids and homeschooling ever since (because vaccines, common-core, retarded helicopter-tiger-mom-culture where I live, and Ron Paul has his own homeschool curriculum, no joke). I decided to see this season of my life as a great opportunity to follow my old dreams.

I have been an "entrepreneur" my whole life - haven't made much $$ yet, but that's what I'm here to work on. I've always had too much excitement and enthusiasm for business ideas and opportunities - I have notebooks full of product/service ideas, b-plans, marketing/branding ideas, etc... Even when I was a little kid, my favorite thing to play was "Shop" where I would make a store and sell various things to my (stupid f*ing) Barbie Dolls. My biggest entrepreneurial problem has been the lack of start-up-monogamy MJ talked about a bit in The Millionaire Fastlane. I also had a problem with helping others get their newborn businesses started and neglecting my own money-baby. My problem has been dedicated follow-through and persistent action, which I am having a lot of eye-openers reading Unscripted right now.

My current 2 business ventures are an In-Home Senior Caregiver Agency with my mom (I work solely from home and she handles all the face-to-face) which is actually starting to ramp up, and re-working a niche blog to something bigger-niche (I went waay to small-niche the 1st time).

If you have read this far, thank you, I'm honored. I love reading about all the lessons other members of the forum have shared, and am glad to be here.
 

Don't like ads? Remove them while supporting the forum. Subscribe.

Last edited:

jon.a

Legendary Contributor
EPIC CONTRIBUTOR
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Sep 29, 2012
4,324
14,027
2,805
Near San Diego
Well done. :)

So glad I finally found a community of like-minded people! Here's a little stream of consciousness-type description of my entrepreneurial-related history...

Why the title? When I was in high school I wanted to "grow up" to be 2 things - a writer and a business owner. But my Dad (a perpetual sidewalker, to the financial devastation of our family) always advised me that if I wanted to make a lot of money, I should "work as close to the money as possible", and this was to be taken literally. So, I went to college and changed my major from Business Entrepreneurship (yes, that was an actual major at my university) to Economics. I got a "good job" as an Investment Analyst as the financial bubble was ramping up back in 2006-07 for a contrarian-type High Net Worth money manager, which was an amazing education in itself.

After the bubble, the firm lost a sh*t-ton of AUM when the super-rich clients pulled their money out to load up on awesomely cheap assets, and I got laid off a few years later as the last-employee standing. This was as the great recession" was at a very low point, and millennials, in particular, had really high unemployment. So, I have been staying at home with my 2 kids and homeschooling ever since (because vaccines, common-core, retarded helicopter-tiger-mom-culture where I live, and Ron Paul has his own homeschool curriculum, no joke). I decided to see this season of my life as a great opportunity to follow my old dreams.

I have been an "entrepreneur" my whole life - haven't made much $$ yet, but that's what I'm here to work on. I've always had too much excitement and enthusiasm for business ideas and opportunities - I have notebooks full of product/service ideas, b-plans, marketing/branding ideas, etc... Even when I was a little kid, my favorite thing to play was "Shop" where I would make a store and sell various things to my (stupid f*ing) Barbie Dolls. My biggest entrepreneurial problem has been the lack of start-up-monogamy MJ talked about a bit in The Millionaire Fastlane. I also had a problem with helping others get their newborn businesses started and neglecting my own money-baby. My problem has been dedicated follow-through and persistent action, which I am having a lot of eye-openers reading Unscripted right now.

My current 2 business ventures are an In-Home Senior Caregiver Agency with my mom (I work solely from home and she handles all the face-to-face) which is actually starting to ramp up, and re-working a niche blog to something bigger-niche (I went waay to small-niche the 1st time).

If you have read this far, thank you, I'm honored. I love reading about all the lessons other members of the forum have shared, and am glad to be here.
 

MJ DeMarco

Administrator
Staff member
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Jul 23, 2007
30,255
109,225
3,751
Fountain Hills, AZ
Excellent intro and thanks for sharing your journey.

I actually don't think your Dad's advice was far off...

Basically he was advocating getting "close" to someone who has access to the Law of Effection.

Not too bad.

So, I have been staying at home with my 2 kids and homeschooling ever since (because vaccines, common-core, retarded helicopter-tiger-mom-culture where I live, and Ron Paul has his own homeschool curriculum, no joke).
In Irvine? That sounds more like Amarillo TX!
 

GoGetter24

Gold Contributor
Speedway Pass
Oct 8, 2017
571
1,131
365
Various
Being lead up the garden path across the board.

The greatest enemies of a man are the abundant liars in the generation above him.

It's hard to tell when you're being lied to when you're young and all supposed authority figures are spouting the same lies.
 

RobD88

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Nov 20, 2017
196
481
222
Missouri
@SweetPotato Welcome to the forum. As a newbie here myself I totally understand the finally finding "like minded people". That has been my sentiment exactly. You will definitely find a ton of great material and advice here as well as people who want to see you succeed.

It sounds like you have a pretty good head start on a lot of people. I hope to hear more about your story and successes.
 

Real Deal Denver

Gold Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jan 13, 2018
878
2,077
547
65
Denver, Colorado
@SweetPotato Welcome to the forum. As a newbie here myself I totally understand the finally finding "like minded people". That has been my sentiment exactly. You will definitely find a ton of great material and advice here as well as people who want to see you succeed.

It sounds like you have a pretty good head start on a lot of people. I hope to hear more about your story and successes.
I will double what Rob said. You have an excellent head start, and with your education and experience, are far ahead of most other people.

I do take exception with the blame game you direct towards your father. We can all do that. I take deliberate control to be aware of it and not do it.

I'm sure you can look at the world now, and clearly see that it has very little resemblance to the one your father lived in. The one earner household, life long employment with one employer, pensions for a job well done and loyalty, and "simple" tasks are all history. Now, it is a global economy, multi-tasking is the norm, social media marketing competition in all forms, and companies constantly merging and morphing - and let's throw in the internet which is a world unto its own, for added good measure.

For what it's worth, I do know several people involved in the most basic industries that are millionaires. Nothing complicated or flashy - just solid value.

Your Dad's skill and mindset probably could not fit in or adapt to today's world anymore than a fish can climb a tree. That's not an insult in any way - that's an acute observation.

With a tough love approach - please stop playing the blame game. I'm sure your Dad, like mine, had excellent qualities that you can learn a lot from.

Welcome to the forum!
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Sponsored Offers

  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
Amazing book! Actually I bought it, before I joined the forum and it motivated me to join...
  • Sticky
MARKETPLACE Fox's Web Design Guide: Earn $100K this year (Yes, 2020!) and Go Fastlane
I have zero coding skills whatsoever. Are coding skills needed? Will the be learned in the...
  • Sticky
MARKETPLACE How To Create A 100K-1M+ Sales Funnel
@LynX You know, this is a "Marketplace" Thread. Completely appropriate to offer goods and...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Dropping a quick note in here to say... if you are on TFL, you are part of an elite group of...
  • Sticky
MARKETPLACE KAK’s “Kill Bigger” Incubation Program- With DAILY personal attention.
I joined @Kak's business incubator in the first week of May. During our daily chats we uncovered...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
This is your May reminder that you can do this. I'll keep it short. These are the May promos...
  • Sticky
MARKETPLACE Grow Your Business With a Book (An Unorthodox Marketing Strategy That Built One of the Largest...
Thanks! This is a cool idea, actually. I would like to use your experience as I heard that these...


Visit A Forum Sponsor
sponsor

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

More Intros...

Top Bottom
AdBlock Detected - Please Disable

Yes, ads can be annoying. But please...

...to support the Unscripted/Fastlane mission (and to respect the immense amount of time needed to manage this forum) please DISABLE your ad-block. Thank you.

I've Disabled AdBlock