Are You An Entrepreneur?
Becoming an entrepreneur can be a challenging experience, and often requires a lot of sacrifices and personal growth. It isn’t for the faint of heart.
That said, one of the best ways to build lasting wealth for yourself or your family is through business ownership. The late Dr. Thomas J. Stanley’s research made it abundantly clear that the majority of millionaires were business owners.
Even better, he also showed that the majority of millionaires are first generation wealthy.
Knowing that the best way to become wealthy is through entrepreneurship, you’d think it would be extremely popular, but the reality is that most people will never be entrepreneurs. Most people aren’t willing to put the work in, and I don’t blame them. Being an entrepreneur can be demanding, stressful, and backbreaking.
When you’re an entrepreneur, no one cares if you succeed except for you.
But if you’re willing to put in the work, being an entrepreneur can be extremely rewarding, and can allow you to create exactly the kind of life you’re looking for. It’s just going to take some extra work on your part before you get there.
Chances are, your friends and family won’t understand what you’re doing or why you’re doing it.
My goal is to provide you with useful information and resources so that if you want to join start your own path towards entrepreneurship, you’ll be able to.
My Journey Towards Entrepreneurship
I grew up on welfare, in part because my dad died when I was almost seven and my mom had to provide for five children by herself, and in part because of my parent’s poor money habits, including crushing debt.
At the time I didn’t understand why we were poor, I just understood that if I asked for something for my birthday or Christmas, chances are I wasn’t going to get it. I had a hard time asking for things because I felt guilty knowing that we might not have money for rent if I did.
In high school, I decided to learn more about money.
Again, I didn’t understand why my family was perpetually part of the have-nots, but by then I had a hunch that it had to do with debt. I started checking books about debt and money management out of my high school library and reading them. I don’t remember what all of those books were any more, but I do remember that they changed my perspective and gave me hope.
Eventually, the things I was reading made me realize that the issue wasn’t just about debt, it was about how to be a good money manager, how to invest wisely, how to structure the transactions that make up our lives, and most importantly, how to think about money.
It wasn’t long afterward that I realized the only way I could truly escape the prison of multigenerational poverty was through entrepreneurship. Accordingly, this portion of the site will be dedicated to my thoughts on entrepreneurship and advice for starting your own business. I will also document my own experiences and the lessons I learn.
I will frequently defer to the advice and lessons of others because I’m of the opinion that one of the best ways to succeed is by doing everything you can to make sure you keep learning and improving.
If you would like to have your content featured, or you want to share some of your own insight, please reach out to me. I would love to hear from you.