Most people confuse education and money...
They think you have to education to have money, or because you have money you should stop learning.
In this mini-session below, I share with you why I continued to get my education even when I was already making six-figures in the stock market.
Audio version:
You can also listen on Spotify, ApplePodcasts and Stitcher
Video version:
Should you stop getting education once
you have money?
My answer is "no", based on personal experience.
Early on in my trading game, I actually made quite a bit of money day trading and dropped out of college.
But you never know what's coming down the road in your future...
And eventually I actually lost my whole trading account, and I had to go back to work. This back when I was about 20 years old.
The only job I qualified for at the time was working as a sales rep at a cell-phone store.
And I vowed to never again be in that position where the lack of a piece of paper (a degree) stopped me from making more money.
It was no longer about "school", it was about "raising my floor".
If I never got knocked down in life, I wanted to be able to get the maximum amount in a job. And a degree allowed me to qualify for that.
I have used this philosophy a lot in life.
For example, recently I made $400K from one trade. I took that money and paid off the remainder of what we owed on our house.
Some may look at that and say "If you can make that much money, why would you do that?? Wouldn't you use that money to trade more?"
But again:
I am all about raising my floor.
I like to know if I fell to the floor, lost my side hustles etc, the "floor" would be living in my paid-off lake house in Michigan.
I wouldn't need to worry about paying my mortgage.
Sometimes it is not about making more money, it's about having insurance...
If you have a certification or a degree, you know that if something goes awry, they can't take that from you and you have a greater chance of bouncing back.
