Opinions expressed by Minority Mindset contributors are their own.
I work a job.
Just like millions of people out there, I live paycheck to paycheck. Today, at 12:30 PM I had nearly $200. It would be enough to get me through the upcoming week. Then, 20 minutes later an unexpected charge came through. I was down to $55.
Not a big deal, right? Tell that to my car insurance and phone bill due tomorrow. Sorry savings account you’re getting punched in the gut today.
I hate it. I absolutely hate being broke. Money is tight and always has been. I’ve never known anything different.
My childhood was the same. I always wore giant t-shirts and baggy pants handed down from my brother. Mom and dad couldn’t afford much. They were always working–out the door right before I woke up and tiptoeing into the apartment after I put myself to bed.
Want to get personal? My parents would usually come home to me in bed with the TV on. It helped me feel like there were people around. My brother and I weren’t close.
Things never really changed as I got older. We moved into a house, they took on more debt, still dodged collections calls, worked warehouse jobs, and got laid off. All of my high school years I asked if I could work a job.
“No, you need to focus on school,” is all I was told.
My friends are always surprised to hear that. I’ve come to realize it’s an immigrant parents thing. They didn’t fly overseas, abandon their family, and home just so their son could work in a grocery store earning minimum wage. What would people think?!
So, after graduating high school I went to college. I want to add that this was against my will. It was, and always will be, the worst financial decision I’ve ever made. I got a Bachelor’s Degree in Psychology. The first job offer I received was paying $9/hr working with behavioral youth groups.
WOW! A college degree really opens up doors! I’m so glad I took on $40,000 of debt to finance a piece of LAMINATED paper.
My parents made that much without a degree in a warehouse. Why the hell would I want to take a job paying $9/hr where I would potentially get physically and emotionally assaulted?
Spoiler alert, I took a different job paying slightly more. For a few years, I was still caught in the mentality of the rat race. I was looking for promotions, chasing money, and chasing titles. I even went back to school to take on more debt, because two pieces of paper had to be better than one. Unsurprisingly, I was wrong.
When I moved to the East Coast I took my car to get work done. Being financially strapped as usual it wasn’t a full fledged shop. It was some dude working out of his family’s garage. He tinkered with my car as I watched with vacant eyes.
“So, is this your full-time gig?” I asked, trying to make conversation.
“No, this is just for fun. I trade Forex,” he said.
That’s when it all opened up for me. I started learning about trading, investing, and money in general. I’m pretty sure it was that day that I Googled “How to make money online.”
I found the Minority Mindset.
So? Who Cares That You’re Broke?
No one should. It’s all my fault. I made every single decision. I am fully accountable for this moment and every moment that’s led up to it. Similarly, I am responsible for the hours I put into my side-hustles that WILL replace my income. I am responsible for the investments I’ve made. I am also responsible for starting a savings account that has saved me many times over.
I’m not rich. I don’t have a solid second stream of income (yet). I feel like an imposter calling myself an entrepreneur and writing these articles, however, I have a feeling there’s a lot of people like me out there.
I know a lot of you are just starting out. This is a reminder that although you’ll be pouring hours into business ideas it will take time. You will lose hope. You will doubt yourself incessantly. You will even tell yourself that it makes more sense to just take a high paying job in a low cost of living area.
You’ll hate every minute of your desk job because no one cares about growing, getting better, or waking up at 4 AM to bust ass and conquer the day. You might even be like me and look at your bank account and consider crying, because why not?
After you do all that just please remember to keep going.
Entrepreneurship isn’t about money. It’s about freedom; the freedom to spend time as you like, with people you love, doing things you’ve always wanted.
I’m broke and my savings account is looking skinny. Upside? I like to believe that your worst days offer the best opportunities. I’m going to make it happen, and you will too.