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My background, first investing failure and why i need a mentor.

nixventures · 1 · 766

nixventures

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  Hi im Nixon, just a little bit background about myself. I'm 23 years old working as a Seaman on International Trading Vessels for 3 years now. I don't know anything about investing or business in general. I first started having this idea on being entrepreneur way back in college, when a book titled "My Maid Invests in Stock Market" by Bo Sanchez grabbed my attention, I pulled it out from the bookshelves and started reading it after finishing it I also read the book from the same author "8 Secrets of the Truly Rich". It ignite my interest but i was 18 at that time and a 50pesos daily meal allowance, I cant even afford the books so I put the idea aside for now and continue on my studies.
   
    After graduation was really eye opener for me. I got slapped by reality really hard and it was a struggle. Being a graduate with no "backer" in the shipping industry my future on getting a job on International vessels is almost zero. My family are calling out to our distant relatives, cousins, grandfathers, uncles, etc. to which some point know someone to be my backer to help. I was embarrassed at that time for me and for my family who beg and annoy everyone just to get a job for me. Their were some promises but nothing substantial, at that time I ask myself some questions like "Would i wait and trust this job promises?" "Will I put my future on the hands of this people I barely even know? "What can i do to help myself?". Then an idea just pop in my head like why not just ask a stranger to be my backer? So i started looking around in Kalaw, Training Centers and Manning Agencies asking people if they know someone who can help me. As absurd as it is, i found one but for a fee of course. Lucky for me I happen to have a supportive parent and a little savings while working as a dishwasher in a fast food chain. I paid the guy the down payment and says he can get the rest of the money when i have the contract and flight details on my hand. 3 months later I'm onboard an international ship and earned quite a sum :watchuthink:.

    Now here's the frustrating part. After my contract, I brought back home 25% of a million amount which is already good. I was 21 at that time and so excited on spending it on myself and for my family. 1 week back on land and my money is already 50% less (which freaked me out to this day btw). I thought i was being frugal enough but no. I panic and tried to lessen my spending and barely stretch it to 3 months then I'm completely broke again. There i was laying on my bed staring at the ceiling the entire day and ask myself WTF just happened.  Then I remembered the two books I read in college, get on the internet download a PDF file of the books and read it again. Hours on reading the books I realized my mistakes and how could I avoid it if i was financial literate enough. But i wasn't so I let it go and promise to myself I will study about financial literacy. Bought my last 2k a bike and got a job in foodpanda as delivery while waiting for my next vessel.
   
   A few months after that I'm on my next vessel assignment and I brought with me dozens of e-books about anything related to business and financial literacy. Have multiple videos on How to start stock trading, forex, How to start real estate investing for dummies and so on. I read and watch it all and download some new videos and e-books over the 11months I was on board. My contract end last March 7, 2020 and right when i got back to Philippines. I started my e-com websites like an hour after i got back in my dorm. I didn't sleep I spend the night sourcing products and building my websites and launch it after 4 hours, Run some Facebook and Instagram Ads but no sales. March 8,2020 i launched my second e-com website, run some ADs and got banned by FB ads, i guess my ads are inappropriate. So i take down the 2 websites and began to re think my strategy. A few hours later i launched another website paid an Instagram influencer to promote my product. Got tons of engagement but still no sales. 3 websites 3 failures in a week. I hate failure's but not afraid of one.
   
    Then i realized i forgot a crucial thing which I should have done in the firstplace. But i was so excited on starting my own business I miss one final detail  I need a mentor! :help:. How can I forgot when all the books I read, first advice to readers is to get a mentor. How can i have a mentor? I think same thing i did i just need to ask. I know there are kind hearted people out their who are welling to coach me. I really wish (really NEED) one. I will work for you, you dont have to pay me. I dont need your money but i desperately need your expert advice. I will work for you to learn not to earn. I just really wanted to learn, build an asset that will generate other assets and get out of the rat race. I want to wake up one day not worrying about money. I want to worry about my family, kids, wife but not money. I really appreciate any help and try to reciprocate it in a way. If you are willing to mentor me, Lets grab a lunch my treat. I know a good karenderya.

Thank you for reading this far,
    Nixon


 
« Last Edit: Mar 18, 2020, 03:13 AM by nixventures »


 


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