A Gift to My Children (3)
Chapter 2
Focus on what you like
My dear daughter,
This is my message to you to help you succeed in your life and in investing.
Age is irrelevant if you want to start something
I was a 5 year old entrepreneur when I started my first business. Perhaps a little young, you might think, but age is irrelevant when you want to start something. My interest was in making money, and I would much rather spend my time picking up empty bottles at baseball games to make a little cash than playing baseball with some friends. The first time I got a loan to start my own business I was 6 years old. I bought a peanut parcher and was quite successful in my sale of peanuts and drinks at little league baseball games. In 5 years I had paid off the loan and still had $100 in my bank account. I realized I like investing better than entrepreneurship in college when I began my first investment using the scholarship funds I had, and then decided to become an investor. If you find something that you really want to do, don't let age hold you back. Be bold and simply do it.
Start with what you like
What should anyone do in order to be successful? The answer to this question is really easy. It is to do what you are passionate about. I was successful in investing because this is what I enjoyed most. But you don't have to be an investor just because your father is. Open up your own restaurant if you like cooking. Learn to dance if that is what you like. The quickest way to success is to undertake what you like and give it your very best.
For me, it was fun to research and learn in detail what's happening in different parts of the world and it helped me be successful in investing. If I had ended up trying to do something else, like a fashion designer, my life would have been quite disappointing. Even now I have no clue about clothes and I never know what color or cut to wear together because I have absolutely no interest in clothes. There's simply no way I would've achieved anything in that field. That's why I say that it's best to start with something that interests you and you truly enjoy.
(to be continued....)
Focus on what you like
My dear daughter,
This is my message to you to help you succeed in your life and in investing.
Age is irrelevant if you want to start something
I was a 5 year old entrepreneur when I started my first business. Perhaps a little young, you might think, but age is irrelevant when you want to start something. My interest was in making money, and I would much rather spend my time picking up empty bottles at baseball games to make a little cash than playing baseball with some friends. The first time I got a loan to start my own business I was 6 years old. I bought a peanut parcher and was quite successful in my sale of peanuts and drinks at little league baseball games. In 5 years I had paid off the loan and still had $100 in my bank account. I realized I like investing better than entrepreneurship in college when I began my first investment using the scholarship funds I had, and then decided to become an investor. If you find something that you really want to do, don't let age hold you back. Be bold and simply do it.
Start with what you like
What should anyone do in order to be successful? The answer to this question is really easy. It is to do what you are passionate about. I was successful in investing because this is what I enjoyed most. But you don't have to be an investor just because your father is. Open up your own restaurant if you like cooking. Learn to dance if that is what you like. The quickest way to success is to undertake what you like and give it your very best.
For me, it was fun to research and learn in detail what's happening in different parts of the world and it helped me be successful in investing. If I had ended up trying to do something else, like a fashion designer, my life would have been quite disappointing. Even now I have no clue about clothes and I never know what color or cut to wear together because I have absolutely no interest in clothes. There's simply no way I would've achieved anything in that field. That's why I say that it's best to start with something that interests you and you truly enjoy.
(to be continued....)
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