People who beat the odds

Nothing in the world is worth having or worth doing unless it means effort, pain, difficulty… I have never in my life envied a human being who led an easy life. I have envied a great many people who led difficult lives and led them well.

Teddy Roosevelt

For a lot of you, life can be an uphill battle. Unemployment is something like 36% among millennials, nobody seems to want to take the coronavirus vaccine, including celebrities, inflation is back, your car just broke down, you just got fired, or you’ve gained 40 pounds during last years lockdowns. These are real problems, for sure. But, many of life’s greatest triumphs come from overcoming significant difficulty.

So, for today’s posting I wanted to share three inspirational stories of people who beat the odds, building up significant wealth or overcame significant hardship on their way to financial security:

First, Despite immigrating to Canada, not speaking English and possessing no formal education, Be Smart, Be Rich overcame a number of obstacles. He is now on track to achieving a net worth of $200,000 and retiring by the age of 45.

https://www.besmartrich.com/2016/06/23/how-to-save-200000-in-6-years-and-retire-before-45/

Second, Bolahan started with nothing, overcame layoffs and car accidents to achieve a net worth of $100,000 in his late 20s. Pretty impressive for your early 20s.

https://www.youngincome.com/the-first-100000-is-the-hardest/

Third, Cassanova Brooks got diagnosed with cancer at the age of 15, then two years later his only parent died. Shortly after that he lost is home and his job. He later went on to start a real estate businesses and closed 8 million dollars worth of deals.

https://nyweekly.com/business/overcoming-adversity-and-finding-success-against-all-odds-with-casanova-brooks/

So, if you’re running into trouble building wealth, paying off debt or setting your budget – take heart, you can overcome the problems you’re having.

For more great Dinks articles, read these:

Tip Of The Day: Don’t Forget To Exercise And Stay Positive

If You’re Saving, Don’t Give Up!

Building Wealth On $600 Per Month

Avatar photo

James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.


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Avatar photo About James Hendrickson

James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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