I am a millennial, an investor by passion and an engineer by profession.
I’m Jalpan Dave and my interest in money, investing and entrepreneurship goes back to when I was 13 years old. My Dad’s friend gave him a copy of the book “Rich Dad Poor Dad” and something about that title and the cover of the book was so appealing to my 13 year old brain that I spent my entire summer vacation reading it. The book had completely rewired my brain.
“The Rich don’t work for money. They figure out how to make money work for them.”
“Savers are losers. Money sitting in the bank earns you little if any returns.”
“The Rich buy assets and generate income from them.”“Rich Dad Poor Dad”
I was totally hooked! Since then, I spent a lot of time, effort and money learning Investing, Austrian Economics and Entrepreneurship. Rich Dad Poor Dad author Robert Kiyosaki said it perfectly when he said that there are in essence, 4 main ways to generate income outside of your job:
Paper Assets – making cash flowing passive income investments in the stock market
Real Estate – buying cash flowing properties that generate income
Business – starting a business on the side that generates additional income for you
Commodities – owning farms, oil wells etc.. (I have no clue about this!)
After graduating from college with my engineering degree (hence the word “engineering” in the name of this website) and getting my first job, I bought my first stock and spent the next 4 years watching it lose 90% of its worth. OOOOOPSSS!!
Nevertheless, I was resolute in figuring it all out. I knew that I needed at least 1 additional stream of income besides my job. I attended countless seminars and trainings and invested almost $6,000 in my education and training with mentors before finally breaking through, doubling my portfolio and making 1000s of $$$ in cashflow from the stock market.
This lead to some amazing opportunities like getting a signed copy of Mary Buffett’s book from Mary Buffett herself (pictured below).
Just in case you’re wondering, the woman is Mary Buffett and I’m the guy in the blue shirt!!
I started this blog to share my journey and experience with anyone who may benefit from it. I also want to document my journey as I build a stream of income from all 4 categories (paper assets, real estate, business and commodities). I understand that you have A LOT OF CHOICES when it comes to reading so let me share with you what you will find on this blog that you will be hard pressed to find anywhere else:
1.) I will never tell you “Do this” and “Don’t do that.” I am not here to tell you “Cut back on your lattes” or “Screw the people who say cut back on your lattes. Go enjoy the lattes!”
Robert Kiyosaki says “All coins have 3 sides. All coins have heads on one side, tails on the other side and the third side is the edge. In real life, there will be people who say you are right and some who say you are wrong. Some will say you should do X, others will say you should do Y. The intelligent thing to do is to stand on the edge. The moment you take sides, you become an idiot. The most important thing to do is decide what is right for you. So be intelligent. Stand on the edge. And decide what is best for you.”
This will be a prime focus of this blog. Let others fight over whether or not it helps to cut back on $3 lattes and $19 avocado toasts. Over here, like a true engineer, I will dissect the logic of both sides of every coin so you can decide what is best for you and act accordingly.
2.) In addition to #1 above, I am a big believer in the concept of flow – a state where everything seems effortless and you enjoy what you are doing instead of feeling resistance or feeling like you’re being forced to adopt someone else’s beliefs and ideology. I apply this philosophy to investing – there is no one right investing strategy. There are several that work. Some will say asset allocation is the only way. Others will say value investing and dividend investing are the way to go. The question is – which one will work best for YOU. That’s what we are here to figure out.
3.) This blog will be totally focused on building scalable and sustainable streams of income and scalable, repeatable ways of stretching your dollars further. You will not find coupons, credit card hacks, frugality hacks or how to get one-off discounts to something. If it ain’t sustainable or repeatable, it ain’t going to be posted here.
4.) Though I’m an engineer by training, I have an interest in Macroeconomics (with a soft spot for Austrian Economics), Personal Development & Self Help and lately, Psychology. I will use these unique blend of ingredients to explain the world around us and how to use this knowledge to build sustainable and scalable streams of income so that you can get more out of life.
For instance, Economics can explain why homes today are so much more expensive and unaffordable than during our parents’ time. Or why so many college grads are drowning in debt. We can then use Psychology to get ourselves to behave differently, invest wisely and build assets so that we can get more out of life. I look forward to welcoming you inside my free course and sending you very valuable information not more than once a week.
To your success,