Be yourself; Everyone else is already taken. — Oscar Wilde.
This is the first post on my new blog. I’m just getting this new blog going, so stay tuned for more. Subscribe below to get notified when I post new updates!
Ok, so, What the hell is this? Well, a few months ago, I achieved a life long dream of mine and became a Private Pilot! This has been a life long dream and was actually the reason I joined the Navy in the first place! Well, that and my Dad served many years ago. I wanted to become a Naval Aviator and how best to do that then to join the Navy? I didn’t have money for college so my plan was to enlist first, get out after four years, have the Navy pay for my schooling, and rejoin as an officer. Two enlistments later and that dream was never realized. I did persevere and earn my civilian license so that’s something. Since earning my license I’ve been scouring the internet looking for a plane of my own, however I have not been able to find one to fit my budget. While not terribly expensive ($20,000- a few million) I Just couldn’t find anything to fit. So I started looking for ways to supplement my income.
After exhausting my efforts and trying my hand at a few side hustles (I’ll discuss these later) I noticed a common trend. Most of these side hustle guru’s were making tons and tons of quality passive income! I wanted my slice of the pie! I soon found myself day dreaming about making that kind of money and what that lifestyle must be like! I started following more and more blogs, podcasts, and was hearing this amazing stories of 20-30 year old millionaires and with a new found confidence from earning my pilot’s license, I decided I too would become a millionaire!
As stated in my “About Me” post, this blog will be my journal, and hopefully a useful map, for my journey from Sailor to Millionaire! Please subscribe and follow along! If only for an example of what not to do!
In a world where success stories are accessible by the cilck of a mouse it’s hard to remember how long it took these people to amass their fortunes. It’s not impossible to get lucky on some stock picks or invest in the right crypto but buy-in-large, most of these self made millionaires had to grind for years to get to where they are. This patience cannot be ignored as a major ingredient to success. Wealth and growth are more common to “Time in Market” as opposed to “Timing the Market” If you haven’t had a chance, grab a copy of John Bogle’s book “The Little Book of Common Sense Investing” It’s a very simple, fast read that discusses those concepts in much better depth. Basically, what you’re doing with this theory is your allowing the market to do what it does. With time, you can absorb those low market days that everyone freaks out on. Better yet, you learn to capitolize on those days and buy more when it’s low, setting yourself up for larger gains! I come from a hunting family and we have a philosophy, we never sell a gun. Theyre tool, but they’re also heirlooms. Start treating the right stocks like that and they will reward you!
Hello and welcome to my blog! My name is Dylan, I’m a Sailor in the U.S. Navy and have been in for almost 9 years as of this post! Born in the mid-west and ready to travel while learning new skills, I enlisted in the Navy at 18. I’ve travelled to numerous countries on deployments and met some amazing people during my time in and plan to retire from the Navy after my 20+ years are up. However, when I retire from the Navy, I plan to retire for good!
This leads me to what this blog will be all about! This will be my journal, if you will, of my trip from the Military, to being a Millionaire! Hopefully, through my success’ and failures you too can build wealth, financial independence, and ultimately, the life you want and deserve!
So a few years ago, working the night shift at my command (military talk for my job), my buddy got me interested in investing. He loved trading based on earnings reports. Each month he would go through the lists of companies reporting earnings and pick a few that would beat their projections. He was actually pretty good and was making a few bucks here and there. So, I downloaded an app and got to trading. Unfortunately, I didn’t have a lot of capitol and fees were killing the microscopic gains I was making, and amplifying my losses. This led me to Robinhood. It’s a great starter tool and a great way to get into the market! It offers no fees (unless you sign up for their gold program) and has a really handy app to keep track of what’s going on! This allowed me to keep what I was earning and lose what I was losing but I wasn’t paying for the access to Wall Street! They also have a referral program! By using http://share.robinhood.com/dylang48 to sign up for Robinhood we will both earn free stock! You don’t have to keep the free one you’re assigned forever, just a few days and then you can sell it for something you really like! What more could you want for just trying something out?! Some downsides to Robinhood are that you will have to do more research on your own, which for me is well worth the lack of fees! Good Luck and happy hunting!
Goals are the most important thing you can have when doing anything! Think of life’s journeys as road trips. As long as you have a pre-determined destination, then anything thrown in your way can easily be navigated! Too many people haphazardly stumble through life and can’t ever figure out why all these huge disappointments keep ruining their lives. It’s simply because they don’t have a clear objective! So, set your goal, think of how you’ll get there, and like a road trip, prepare for possible issues along the way. This way there will be no surprises, and you’ll already have plans in place to get back on track! In my case, I want to become a millionaire before I retire from the military. I have a minimum of 11 years until I am eligible to retire. So what are some possible complications? Deployments will come up and hinder my ability to keep track of investments, side hustles, and inevitably, this blog. So to prepare for that I’ll have to have plenty of content ready for while I’m gone, and will have to work extra hard to post while I’m gone when able. I’ve been dating my beautiful girlfriend for some time and will have to save for a ring, so that will affect how much I can invest monthly. Also, I have a decent amount in my savings account for unexpected expenses so I will be able to invest monthly at a minimum. Now go ahead! Think about your goals, possible complications, and ideas of how to handle those complications! As always! Please subscribe and follow me on my journey!