I’ve Gone From $30K In Debt To $400K In 3 Years — Here Are 5 Things I’ve Learned

#2. Money does not grow linearly.

Dan Ymas
Dan Ymas
Nov 12 · 6 min read
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Photo by Hu Chen on Unsplash

1. “Getting rich easy” does not exist.

My friend Felix lost $10,000 back in April, close to two month’s salary for him. On Monday this money was in his bank account and on Tuesday it was gone. Can you guess what happened?

2. Money does not grow linearly.

It took me 15 months to get to $100,000, another 12 months to get to $200,000, 8 more months to get to $300,000, and just another two to get to $400,000.

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3. You need to invest.

More has been written about investing than about any other topic except maybe God and religion. Ask any three people and you’ll get three wildly different answers.

The winning formula for success in investing is owning the entire stock market through an index fund and then doing nothing. Just stay the course.

If the stock market is foreign to you read this book, read some others, and then decide for yourself.

4. Investing won’t make you rich.

Wait, didn’t you just say that if you were not investing you were losing money? Yes, I did.

5. If you don’t know where you’re going, any road will get you there.

At the end of every month, I sit down at my computer and fill in a spreadsheet I keep where I track how much I’ve spent that month, how much I’ve saved, and what my net worth is currently at.

If a man knows not to which port he sails, no wind is favorable.

My 9 to 5 is fine. The pay is good and the people are nice. But I will not be doing this for the next forty years.

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A community of storytellers documenting the journey to happiness and fulfillment.

Dan Ymas

Written by

Dan Ymas

Another lost kid figuring things out 🗺️📍 Find me at danymas.com, @ymasdan (Instagram), or email me at ymasdan@gmail.com.

The Ascent

A community of storytellers documenting the journey to happiness & fulfillment. Join 133,000+ others making the climb on one of the fastest-growing pubs on Medium.

Dan Ymas

Written by

Dan Ymas

Another lost kid figuring things out 🗺️📍 Find me at danymas.com, @ymasdan (Instagram), or email me at ymasdan@gmail.com.

The Ascent

A community of storytellers documenting the journey to happiness & fulfillment. Join 133,000+ others making the climb on one of the fastest-growing pubs on Medium.

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