I lost my job and sold all my stocks to start my own business

Jamal Mashal
2 min readMay 23, 2020

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I hesitated a lot before I decided it’s time to share this. I could be making the worst mistake of my life.

Earlier this year I had a great well-paid job at a startup based in the US. I’ve been traveling the world for the past 3+ years and life couldn’t be any better. Yes I was trying to bootstrap some side projects but I was doing it from the comfort of my job, I never pushed myself to the edge or out of my comfort zone.

And then COVID-19 hit the world and turned it upside down. I got a call from my boss and he told me their investor bailed on them and they don’t have enough money to pay me anymore.

Immediately I started applying for other jobs and I got 2 interviews in the same week. But deep down I didn’t want to go through that process again, I don’t want to work for money, I want work for myself!

A week later I got a “No” from both companies. I was disappointed, but happy at the same time. It was the push I needed to escape the comfort zone, and then the silver bullet came from Sahil Lavingia with his tweet:
“Investing in the stock market can turn $10,000 into $100,000.
Investing in starting your own business can turn $1,000 into $1,000,000.”

And without thinking I opened my account and sold all the stocks that I invested in since I started last year. This may sound crazy and maybe some of you would say: “this is the worst time to be selling stocks”, “you should buy the dips”, “hold on cash” etc.

But for some reason the quote “To get something you never had, you have to do something you never did” keeps echoing in my head. I knew that if I want to conquer a new land I need to burn the ships first and forget about going back.

Now what? I jumped off the cliff already and now I’m assembling an airplane on the way down. I have 6 months, more or less, before I hit the ground. It’s scary but I believe I can fly…

If you want to follow my journey (or better say: free fall) you can find me on twitter

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Jamal Mashal

A full-stack developer, entrepreneur, indie hacker, and writer-ish.