On the one hand I'm embarrassed to admit that. But on the other hand, I know people older than I, who have never gotten to this point and probably never will.
I've always been around people who have had money, lots of it, so I never knew how hard it was to get, to invest and then to grow and keep it. I've come into large sums of money 3 times in my lifetime. Once at age 19, then 25, and the last time at age 40. Most people will NEVER come into a lump sum of money in their whole life. But I have, 3 times and yet I'm still without abundant money.
Well, ten years ago at age 47, I decided I would give myself 10 years to get wealthy. Here I am at 57 and still not there. But those ten years were not wasted, I started putting a plan into action. I went to college and studied business and finance. Then, I decided that when my kids graduated from college and high school in 2008, I would move to an area where I could save money, where the cost of living was lower than where I was living which was San Diego, California. I chose Vermont because I'd lived there before and loved it and I knew the cost of living was low.
I moved there, got a job and an apartment and started saving money right away. After a year of work I had almost saved enough to open a small trinket shop and got the balance of the cash I needed by liquidating some stocks I had, I opened the souvenir shop and was written up in their towns newspaper as the first African-American to own a shop on Main Street. The experience, although a good one, was not profitable. It taught be that I would NEVER want to own a brick and mortar shop again.
On days when we were snowed in and had no customer's it was torture! Just being in the store with no customers to wait on was depressing. Then, in the non-snow month's, which we only had 4 months without snow for 2 of the 3 years I was there and 6 months out of 12 the 3rd year, there was major competition because all the stores were making up for the lost money in during the winter months. It was so cold and snowy that I started getting health problems. Found out later that I had arthritis.
But I digress, I got more curious about how this money thing works. I decided to return to California mainly due to my health issues and my kids also wanted to come back. Since returning in 2011, I've been studying and trying to acquire the wealth of say 10 - 20,000 USD a month. Not allot, just enough to be comfortable, at least for now.
Once again I found a job at a shopping mall, saved money while we stayed with a friend and then moved into a small place and paid 800 USD (in California, that's a good price for rent). While there, I tried again to wealth build.
Tomorrow, I'll tell you what happened next. This is becoming a long read. I;m anxious for us to go on this journey together. Tomorrow, after my blog introduction post part 2, I'll share with you, my plan.
But for now, I'll end here. You can continue reading the next post or read part 2 when you return tomorrow.
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ALWAYS REACH FOR THE MOON BECAUSE, EVEN IF YOU FALL, YOU'LL LAND AMONG THE STARS!!!
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