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My Simple Path To Wealth As A Young Professional
The road to financial abundance
I have a busy life as a healthcare professional.
It's hard to juggle professional life, health, relationships, and other areas of life. It’s also not easy to follow all the self-improvement advice:
Wake up early
Stay disciplined
Develop healthy habits
Learn money-making skills
But it’s also hard to get stuck in a 9-5 for 40+ years.
We all want financial freedom, early retirement, and to enjoy life.
Working a 9-5 job is not a great plan for financial abundance.
In a traditional job, working harder doesn’t mean earning more. You have no control over your salary. Your boss is in control. A few hundred dollars extra money from overtime will not let you pay for your retirement.
I spent my early 20s thinking about this problem because I’ve seen my older coworkers unable to retire. They still had no social security income, have to pay for their mortgage or think about other bills to pay.
You know what’s sad about this?
Everybody seems fine with it.
It’s as if everyone accepted this problem as part of life. Everyone thinks they don’t deserve financial freedom early because they weren’t born rich.
I decided not to accept this problem.
I know there’s a solution.
It can’t be impossible, right?
I’ve seen people who made it. It’s not just always the ones who were born wealthy. It’s not just the ones who were born with insane talent. It’s not just the ones who were gifted with genius minds.
You’re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom.
And so I decided to learn and expose myself to information. I figured I had 2 choices:
Invest my money. I tried investing in the stock market. And although it works, it’s a long and boring process. Most of the information will not help you take action. In the end, only one thing works: Invest in index funds and let your money grow. That doesn’t involve anything except having lots of money to invest, which I don’t. So I invested what I could, and stopped living below my means.
Invest my time. We all have time to invest. The problem is we also have excuses not to. We are lucky to live in this generation because we can learn anything in just a few clicks on the internet. All the information we need is available to us. We can use the information to build a profitable online business with minimal capital.
Choice number 2 changed my life.
The more I read about online entrepreneurship, the more fascinated I became with what I can do on the internet.
As someone shy, it gave me the confidence to put myself out there.
Here’s how I started building online:
Write 20+ tweets on Mondays
This becomes easy when you:
Capture ideas throughout the day
Bookmark favorite social media posts
Get inspiration from Hypefury
It’s insane when I realized social media is a money-making opportunity.
Every week, I send one letter to my subscribers based on:
Book I’m reading
Current obsession
High-performing tweets
Best podcast takeaway
My newsletter serves as my mini-project. It forces me to review how my week went and reflect on my learnings. Then, I find a way for my reflections to be valuable to others.
Aside from this, I can learn about:
Landing pages
Building a brand,
Collecting emails
Sales and marketing
..All while having fun.
Repurpose content
So far, I have written 40+ newsletters and 100+ stories on Medium.
And the biggest mistake I made, in the beginning, was thinking I always have to come up with new ideas. This only led to burnout. Now I go back to my old posts and repurpose them to different platforms (because they are all mine).
Going through my old posts makes me realize:
My best ideas (based on stats)
My progress. This helps me improve the ideas that are already working.
It makes no sense not to do it because:
The medium partner program pays for views and gives you momentum.
Your social media serves as an online portfolio for clients.
The more you repurpose on different platforms, the more opportunities you attract.
But it doesn’t stop there:
Engage on Twitter and get inspiration daily.
If you’re trying to monetize, you need to learn how to grow an audience.
And growing an audience is not just about numbers - it’s about building relationships.
So I try to engage with like-minded people on Twitter. While doing so, I have another window open because the posts that I comment on usually inspire me.
It can only get fun from here.
Write long forms on Twitter or Medium whenever I want.
This helps me fall in love with my craft.
If you want to make money from writing, you can’t just write about whatever you want. You have to write about what the audience wants. But if you just keep writing about what the audience wants, writing becomes work.
And that is the last thing I want to happen.
I want to write for fun.
So I give myself a chance to write about random stuff I think about during showers, walks, etc.
In the end, it’s not the money that makes me feel fulfilled, it’s working on my craft.
To End
Is this path perfect?
Definitely not - but it’s a great start.
If you want to do the same, I’d be happy to help. Reply to this email so we can chat.
You can also check out 30DaysTo1K to learn the strategies I used as a beginner creator.
Talk to you soon.
-M
