I get asked ALOT how I’ve been able to grow my investments over the years, and the funny thing is there really wasn’t one secret. No crazy 10x investment. No perfect strategy. A lot of it was just consistently doing a few things right (and making plenty of mistakes along the way 😭). If I had to start from $0 again, here’s exactly what I’d focus on: 1. Focus on making money first 💰 This is probably the biggest one. When your portfolio is $5,000, obsessing over whether you’ll make 8% or 10% isn’t going to make nearly as much of a difference as finding a way to invest another $5,000. Work more hours. Learn a valuable skill. Start something on the side. Ask for the raise. Early on, I’d spend WAY more energy increasing my income than trying to become the world’s greatest stock picker. 2. Invest before you spend Every time I got paid, I tried to think of investing as an expense rather than something I’d do with whatever was left over. Paycheque comes in → money gets invested → then I figure out the rest. You can even automate it so you never have to think about it. 3. Don’t make investing more complicated than it needs to be I definitely learned this one the hard way. 5. Increase your contributions whenever you can Your first contribution might be $50. Then $100. Then $500. The number isn’t really the point. Every time my income increased, I tried to increase the amount I was putting away too. At the beginning, those contributions are doing most of the heavy lifting. Eventually, compounding starts helping you out. 6. Stop trying to get rich overnight Some of my worst investing decisions came from wanting things to happen faster. FOMO, chasing returns, buying something because everyone was talking about it… The irony is that trying to shortcut the process can end up setting you back. I’d rather build wealth slowly than constantly restart because I blew myself up trying to get there quickly. 7. Surround yourself with people who talk about money This is something I appreciate even more now that I work at Blossom. Talk to people about investing. Share ideas. Ask questions. Have people challenge your thinking. You shouldn’t blindly follow anyone else’s investments, but being around people who care about building wealth can completely change how you think about your own money. 8. Track the milestones $1K → $5K → $10K → $25K → $50K → $100K. Don’t spend the entire journey staring at $100K and feeling behind. Your first $10K is a big deal. So is your first $25K. Celebrate the progress and keep going. The biggest thing I’d tell anyone working toward their first $100K is that there probably isn’t going to be one moment that gets you there. It’s thousands of small decisions compounded over years. Earn more. Keep your expenses under control. Invest consistently. Avoid the massive mistakes. Give yourself time. Then one day you look at the number and realize all those boring decisions actually added up. I’m still early in my own journey and have a LOT left to learn, but these are the things that have helped me the most so far. I hope this helps 🙏 (P.S. sorry for the ticker spam 😭 just wanted to get this in front of more people!)
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1 Comments
Kyle @kylel · 9m
Thanks for the tips 🙏
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