I’ve Gone From $30K In Debt To $400K In 3 Years — Here Are 5 Things I’ve Learned

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Photo by Hu Chen on Unsplash

I graduated from college with $30,000 worth of debt.

Yet within a couple of months, I had paid this debt off and three years later my net worth has risen to $400,000.

Getting here hasn’t meant living under a bridge.

I don’t skip meals and, yes, I change my underwear daily.

I’ve traveled to Italy and Argentina. I’ve been to Portland and Vancouver and Yellowstone and Zion.

But there are things I’ve done differently over these past few years from many of the people I know.

And, through living differently, there are a few things I’ve learned along the way:

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1. “Getting rich easy” does not exist.

My friend Felix lost $10,000 back in April, close to two month’s salary for him. On Monday this money was in his bank account and on Tuesday it was gone. Can you guess what happened?

COVID is what happened. Indirectly at least.

Back in April (why does it feel like that was a lifetime ago?) when the world was beginning to react to COVID and the markets were awash in uncertainty, Felix, thinking he could turn a quick profit, decided to open up his Robinhood app and gamble.

He didn’t think he was gambling, of course, but that’s exactly what he was doing.

He saw the entrancing graphs, the plummeting numbers, the trillions of dollars being exchanged and the siren song of “Get Rich Easy” lured him in.

“It makes no sense,” he kept saying the next day. “It makes no sense.”

And he was right. Little about the world back in April made much sense. So why had he made such a reckless bet?

The answer is the myth of “Get Rich Easy”.

Everywhere on the Internet people are screaming “Get Rich Easy!”

Sell on Etsy! Write on Medium! Vlog on YouTube! Start a blog! Print on-demand — t-shirts, mugs, phone cases too! Dropship on Shopify! Day-trade on Robinhood!

Look, I made $1,000! I made $5,000! Come in, come in, before it’s too late! I made $10,000!

When I read these headlines and I find myself choosing the color of my Lamborghini, I take a deep breath and remind myself that if it were easy everyone would be doing it.

I know people who are making money selling on Etsy and writing on Medium, but what they do is anything but easy. It’s hours of work and dedication.

So don’t be lured — “Get Rich Easy” does not exist.

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