Millionaire Mindcast How To Get Rid Of Huge Debts And Trade Effectively| Jason Bond
In this episode of Millionaire Mindcast, Jason Bond shares his amazing story that you can relate to. A glimpse on how stock trading works, and how he pursues more wealth and fulfillment in life!
Jason Bond is a self-made millionaire trader who left the corporate grind to trade professionally. He’s trained well over 10,000 paid members and is the #1 stock trading stock advisory service TrustPilot, which is the best member review site in the world. He’s the co-founder of the trading education powerhouse, “Raging Bull”, and he’s been featured on Forbes, The Street, Huffington Post, Investing.com, Seeking Alpha as well as the floor of the NYSE.
During college days, Jason didn’t really know what he wanted to do in life. All he knew he likes playing sports. He tried a few majors in college but didn’t like it. In line with his lifestyle, he chose to teach sports to the kids. He got awards in physical education. Within 8 years in teaching, he loves what he is doing. Jason expected to get rich as a teacher but it turns out not. It leads him to a $250,000 debts. He didn’t know what to do and this is not the life he wanted.
Although he loves teaching, she realized she wants more money. Jason don’t know what to do to get rich, but he knows he was going to do something. Then, somebody recommended the books by Dave Ramsey on how to get out of debt. It was hard for him because he didn’t quite understand the stuff about money but it explains so clearly in the book. Therefore, they sold their house and get rid of the huge debts. So they’ve got to zero, no net worth, no money, no debt. Jason quit in teaching, move to an apartment and sold their nice car. It took some serious risks, a lot of fear, but he was encouraged by the books he read.
Jason explores a lot of different things and didn’t know what exactly it would be. Eventually, he settled on stock trading. He wasn’t a good trader but he knew that if he could be proficient and excellent in trading he could teach really well to other people based on his skill set. Experiencing many highs and lows in life. He works really hard on himself so he can take care of his family, his business, and his members. It took him 3 years to learn the skills of trading, even then it’s still difficult. He did things to win up financial literacy because he wanted to be good at this. He works really hard to stay sharp and teach people what it means to trade. He started to earn money both in trading and in business.
Jason met life coaches regularly to stay aligned with his purpose and stay balanced in life. He learned that in his pursuit of getting rich, it will not make him a better person. If he could trade better, he can help more people and for him, it’s an achievement. Giving back to charities fulfills himself.
Trading requires discipline, it pulls out all your worst qualities. If you want to be a trader you need to get your life in order because trading can take you to the highs and the lows from one minute to the next. Understand that and deal with it, that wins!
Some Questions I Ask:
- Where it all started and what drew you into the teaching space? (02:42)
- What made you choose and pursue teaching? (04:28)
- What was that awakening moment for you that you decided to leave teaching? (09:17)
- What were some of the questions that you started asking yourself? (12:59)
- How did you know it’s the perfect timing to take another path? (21:11)
- How easy is it to start engaging in trading, building your wealth & leveling up your financial education? (28:04)
- How do you emotionally manage your energy to stay at a high level in all areas of life? (36:52)
- Why did you decide to give your trading profits to charity? (41:17)
In This Episode, You Will Learn:
- Jason’s sequel to becoming a multi-millionaire. (14:03)
- How he started on stock trading. (22:53)
- 3 things that tie into creating wealth. (27:18)
- Jason’s target market in his coaching service. (28:45)
- How it looks like in stock market trading. (29:17)
- Jason’s advice for people who want to be a trader. (35:07)
- How to be a much better trader. (37:54)
Quotes:
- “This is going to be my journey.”
- “Consistency is highly rewarded.”
- “I started to realize I would like some more money.”
- “I don’t know what I’m going to do to get rich but I’m going to do something.”
- “I’m a pretty aggressive person.”
- “If I didn’t have a ton of debt then I didn’t have an obligation.”
- “I was exploring a lot of different things.”
- “I’d ask a lot of people for help to get off the ground.”
- “There are a lot of things that needed to be checked off to become a consistent trader.”
- “I work really hard to stay sharp.”
- “Stock trading can be a good side hustle.”
- “You have to learn what you’re doing.”
- “Trading takes some skills to get off the ground.”
- “If you lose, somebody wins your money.”
- “I wanna be good at this.”
- “I'm a pretty good trader, and I’m a much better teacher of that trading.”
- “I am good enough and I will show you, and if I’m not good enough, I’ll go to something that I’m good at.”
- “Any marketing channels is a tough market.”
- “Companies crash, I buy it when it crashed.”
- “Trading can take you to the highs and can take you to the lows from one minute to the next.”
- “Putting myself first allows me to do a much better job.”
- “I work really hard on myself so I can take care of my family, my business, and my members.”
- “The wheels came off the wagon.”
- “It’s very easy to get lost in the success.”
- “I kind of love hustling.”
- “It doesn’t show up on accident.”
- “In my pursuit of getting rich, is it is not necessary to make me a better person.”
- “If I can trade better, I can help more people.”
- “I’ve found a little bit more peace since I’ve been balanced.”
- “That’s always a battle, personal peace.”