that first salary has the potential to make/ break you financially - for many people it decides their first car, apartment, amount to save/ invest & overall quality of life
if you look at entry level vehicle prices, cost to rent apartments in big cities & general living expenses - there's not much variance across base costs
It all starts to hinge on the size of that first pay cheque
The worst part of jobs with a sharp earnings trajectory (where you start low & get bumped up) is the interest cost on debt usually outstrips salary increases
So if you're doing articles & take on tons of debt, it can take forever to get out of the hole
Currently testing a couple of cannabis opportunities, hit me up if you want to try some product. Here's the link for early access Altvest opportunity drops: bit.ly/altvest
my boy @Sibusiso gave up IB to focus on the weed business, he will be helping us assess quality opps
give him a shout for any industry specific/ market research info you need
2001: "well, my portfolio has a few internet companies"
2021: "I'm invested in crypto, cannabis & penguin NFTs"
If you're struggling to understand how you own a car/ house/ excavator even though you borrowed money from the bank to pay for it, here's a 2min explainer without any accounting jargon...
There's two sides to every purchase you make.
1. How you get the money (sources) 2. How you spend the money (uses)
Sources: salary, side hustle, bank loan, drug trafficking, OnlyFans
Uses: houses, cars, excavators, Birkins, garden chair for Midrand apartment
Once you source the money, the money is yours to use. Whatever you buy with the money, you own.
If you borrow 100k & buy Louis Vuitton, it's still your handbag.
If you use your own money to buy a house using cash, you own the money (source) and you own the house (use).
The world will move past you if you spend time obsessing over elaborate plans & never pull the trigger on anything.
Start building. Fail fast. Sharpen the game plan. Repeat.
Many people are hesitant to build in public. There's really no better way to build.
You have thousands of people essentially working for you for free doing product testing, offering useful feedback & helping you build a machine. Use them. In fact, sweat them.
Whether it's that podcast, YouTube channel, small business, website, anything you build on Day 1 will look VASTLY different in T+6 months.
You're married to nothing except the best outcome. Rigidity suffocates innovation. Be fierce in the pursuit to change shit up.