Roadmap

One of the first things that I appreciate about what I am getting into is the coaching that is becoming available.

Yes, I am paying $8.88 a month, however, this does come back in time.
There is also a push to start to invest on a monthly basis, something I want to do anyway.

I’ve wanted to learn for some time how to grow wealth. There is no end of programs and seminars on YouTube, or in person, that you can pay thousands for and maybe learn something useful.

Rather than having books on a shelf I may never read again, I have access to a coach, as part of subscribing to CPPC.

They are simple questions.

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Make it grow

I don’t want to just talk about money here, but the purposes I want to put it towards.

This is making money work for us, rather than work on us. Working with money, rather than working for money. Of course, you have to make some money before you have any to put to work.

We all know how 1 Timothy 6:10 has been poorly used to demonize money when money itself is not evil, but only that the love of it leads to all sorts of evil, (not evil itself).

Money is a tool, and what do I want to use this tool for?

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Too good to be true.

I had an Aunt that tried to get me into Amway back in the ’80s. I was on my way to YWAM in the Philippines at that time, so dodged that bullet.

Now a new friend, who is also an old friend is introducing me to some Finance Coaching. Is it a Ponzi Scheme, is it Multi-Level Marketing? We shall see.

I am going to share my experiences here, and at first blush, it sounds good enough to get our toes wet.

I hear you, “How much does ‘getting your toes wet’ cost?”

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Where it begins

We have constantly been looking for better ways to do things, and whenever difficulty strikes, to look at it as an opportunity.

This is not about inviting success, or speaking attraction, or the power of positive thinking, but if you put your shoulders back and look at life in the eye, you can gain a sense of command, rather than waiting for the next thing out of left field to hit you.

COVID was an example in this, 2020 has been one of our most prosperous years, not because of stimulus cheques, but because we were able to engage a reset and look at life differently. It was about educating ourselves, and even using our entertainment time to not merely watch YouTube or NetFlix, but to watch things that taught us about investing.

Nothing quite equips you to learn than when your money is where you are learning. So I got the Robin Hood app, I brought a couple of shares in AMD, (I’m a geek, so I invested in something I already knew). It went up and it went down, I bought and sold a little so I could learn. Over a month and a few hours of research I made $5.00. Who can say I took a class that did not cost me, but actually paid them. Maybe 0.50c an hour, hey it’s a start.

Always using the principle that you only ever invest or play with money you CAN afford to lose, I then purchased a few Tesla shares when they were at about $800.00 each. This was before the split so think, $160.00 each, and these are now worth $600.00 each. So that was a lucky buy, but not totally luck, I had done a fair bit of research, that was why I did not sell them when they got to $900.00 either. This is a long-term investment, I don’t follow the market swings, that is not the point, I want to hold these for ten years. That is what my education has taught me.

  • My takeaway is never to stop Learning.
  • To only use the money you can afford to lose.
  • Take small risks to learn what they feel like, especially if they fail.
  • I have learnt so much from my failures I am planning some more.
  • And don’t let the euphoria of success make you think you know what you are doing!