How do you get so broke? Part II

By jumping the gun without planning. In How do you get so broke? Part I, I talked about how getting a student loan and using speculative trading strategies can make you a broke investor. As you know, broke investors wind up broke due to the choices they make. Here’s how you end up, even MORE BROKE. Start a business WITHOUT proper planning.

In 2014, I decided I was going to venture off and try to start a company. I really didn’t know what to expect. All I knew was that I wanted to make money and not work at a place where the team lead thinks seniority gives them the right to treat their workers like peasants.

How-To: Turn Lemonade into Lemons

At the time, I was working at a global manufacturing company. The company’s environment and employee benefits got my attention. Luckily for me, I already had a good amount of machinist experience at my previous employer, so getting in was a breeze.

The most appealing thing about the company was their employee school program. If an employee decided they wanted to attend a college/university, the company would pay up-front for their classes as long as the employee ended up passing each course.

Being that I was a Mathematics major and the FACT that math is EVERYWHERE, I qualified for the program. No hoops to go through, no lines to stand in. They handed me a slip and I took it down to the enrollment office to pay for my classes. Easy money!


Then envy started to take a toll, at least that’s the only thing I could think it was. Even though I would walk through hell and back for my team lead, she didn’t feel the same. I was warned by other employees that no one could stand her and everyone eventually would leave because of her micromanaging ways.

So I did what I thought was best, get on her good side and for awhile, I assumed I was. However, the longer I was there, the more I started realizing she was trying to set me up for failure. Rumors got around that she would go to the supervisor and constantly complain about me. When she realized that the supervisor was pleased with my work and didn’t find a reason to punish me, she went to the plant manager.

Long story short, I resigned. Not because I couldn’t handle the work and not because I was written up for something another department was responsible for, but because I was starting to become miserable where I worked. So much so that people started noticing and was affecting them as well. A light can only shine when it’s turned on.

Running a Business is a Breeze…(maybe)

You may ask, what gave you the courage to drop a company that was paying for your college? Simple, I enrolled in my first college club National Society of Leadership and Success. (NSLS) revolves around leaders who make a difference in the community. The seminars that I attended inspired me to go and try to make it on my own. In addition, I was also taking Management Theory and the professor encouraged students to try to start their own business.


However, going in blindly and without a plan had detrimental effects on my bank account. I went ahead and filed all the necessary paperwork for an LLC and everything that was needed, even after the Small Business Administration advised me that was not the best thing to do.

The end result, I had to get another STUDENT LOAN to pay for the next semester and to cover a few living expenses. Business did not pick up as I had hoped it would and I threw myself into a spiraling depression. Feeling lost and hopeless, I stayed glued to my computer screen trying to find an easy way out.

*Note to self, there is no easy way out, especially if you are trying to start a business.

So now with two loans in the bag and negative thoughts being built up inside this broke investor’s head, you would think it’s ENOUGH. Wrong. You don’t end up a broke investor by learning from your mistakes. You become a broke investor by AVOIDING acceptance of your mistakes. In How do you get so broke? Part III, I am going to share with you the final time I got another STUDENT LOAN and how I PLAN on paying this debt of mine to become financially independent.

As always, 
Keep growing, keep investing.

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