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About TheYoungRetireeBy33 – Part IV – Becoming A Division 1 Student Athlete

Three posts down a few more to go! I originally thought this About Me series would only last 4-5 posts, but as I have dug deeper into my past and what I have wanted to touch on, the posts continue to get broken out more and more.

If you haven’t read already, here are the links to the first 3 articles:

Setting the Stage:

I am now a Division I athlete and freshman at SUNY at Buffalo. My path to this point has been interesting with a lot of tough decisions needing to be made. I was now living in a part of the country where I literally knew nobody.

Born and raised in the Dallas area and not knowing anyone in Buffalo warranted the thought of bringing my car with me. This meant if I wanted to have my car with me in Buffalo, I would have to drive it from Dallas. For the geography challenged individuals out there (trust me I am one of them), this drive is a 22-hour journey. The longest by far I have ever driven in a car.

After knocking the drive out in two quick days I was officially moved into my dorm and ready to take on whatever was to come. I was excited to begin this new journey in my life. I felt extremely grateful for having the opportunity of being a D1 athlete as well as declaring to become a Mechanical engineer. I was always a straight A student in high school and knew I wanted to become an engineer but didn’t know exactly which type. The great thing about declaring to be an engineer in school was the courses you take for the first two years are standard for each engineering discipline.

With that, it wasn’t so much important to make a final decision on the type of engineering I decided but was more important that I decided to be an engineer.

Some advice if you are pondering what major to select: If you think you want to be an engineer, start from the first semester of college. If you do not, there is a good chance you will struggle to graduate in four years. The main reason for this being the pre-requisite courses required before jumping into the meat and potatoes of what you will learn.

Keeping the Entrepreneur in Me Alive:

I am all settled in at Buffalo. The experience of being a D1 athlete was turning out to be much more time intensive than I had originally expected. I was getting the opportunity to play with guys who played at the highest levels in their country and it was truly amazing getting a great hit in each day. The other amazing thing about being a D1 athlete, in tennis, was the fact that I was the only American playing on the lineup. My team consisted of guys from Poland, Brazil, Zimbabwe, Russia, Canada, and Spain! Of all the things about being a D1 athlete, I found being able to create a brotherhood with all these amazing people from different cultures to be truly incredible.

Throughout my college tennis career, one thing I wanted to continue doing was making money from my side hustle of stringing rackets (checkout link to this post that talks more about this). The cool thing about playing with guys who were at my skill level and higher was they break strings more often.

More strings being broken = More business for me!

Ah boy was a business boomin! During this time, I would string between 10-15 rackets a week at $10/racket. As a poor starving college student, this was an incredible amount of money to now spend. At this point in my path to Financial Independence, I didn’t know anything about saving and investing! I can only imagine where I would be today if I knew about this in 2014! Can’t dwell on the past though!

Beginning to Have a Change of Heart:

My freshman year of college went well from both an academic and athletic standpoint. I played number two doubles and number 5-6 singles on the team. I don’t remember my exact record, but I think it was probably close to .500.

Playing D1 tennis was a whole different level of commitment than I had originally anticipated. I went from practicing 5 hours per week with one tournament each month to a strict regimen of:

  • 1-hour strength and conditioning workout 5 days a week
  • 2-hours of practice each afternoon
  • And 2-6 matches at a high level most weekends

I went from being a scrawny 6’, 120 lb. athlete to gaining 15 pounds of muscle from the intense training and insane eating habits my trainers had me on. I still remember to this day leaving practice, heading to the dorm cafeteria and eating an entire plate of spaghetti and meatball sauce prior to having my actual meal. If I had to guess, I was consuming over 5,000 calories per day.

The rigor I put my body through was something I didn’t think to be possible. After a year and a half of the grind, I was ready for a change. My love for the game of tennis was quickly fading. During this time I reached out to a few good friends of mine who were all going to school at the University of Arkansas. I mentioned to them I was thinking about leaving Buffalo and heading closer to home. Within a few weeks of letting them know, they had secured a place to live with an extra bedroom for me.

Well, looks like there was going to be a big change in my life! After my sophomore year of college and being a D1 athlete at Buffalo, I decided I was ready to put the rackets up and move back closer to home.

This was another integral decision I made that has impacted a lot of where I am today. At the time the main things that led me to the decision to transfer from Buffalo to Arkansas were:

  • Being closer to home and being able to live with close friends. In Buffalo, getting home was a pain in the butt and very expensive.
  • I missed warm weather…a good ol’ southern man ain’t meant to live in the northeast in freezing weather!
  • I had received everything I could have dreamt of from playing tennis. My college athletic experience was incredible. My body was now telling me it was time to turn to the next chapter in my life.
  • Transferring to Arkansas wouldn’t set me back in my degree as I did some extensive research with the university to ensure almost all my credits would transfer.

This part of my life was another crazy rollercoaster. I couldn’t be more grateful and thankful for all the incredible people I met in Buffalo and all the amazing experiences I was fortunate enough to have. On to the next chapter of my life finishing up my degree at the University of Arkansas!

Key Takeaways:

  • The topic of whether you should go to college is one I wouldn’t have thought about touching on a while back. In the day and age we live in, I do think it is a valid point to discuss. I personally believe if there is a certain type of career you wish to pursue that requires a college degree, go for it. If the career you wish to have after college doesn’t require a college degree, I would highly recommend thinking twice about how much the expense is and what value you expect it to bring to your life.
  • There is nothing in the world I wouldn’t give up to go back and have the D1 athletic experience all over again. I am forever grateful to have had the opportunity I had and to have met all the amazing people I did along the way.
  • No matter how busy you are, you can always find time for a side hustle! My racket stringing “business” was booming during one of the busiest times of my life. It was definitely nice to have some side income coming in while I was going to school and had a full-time job in being a student athlete.
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You Have To Be Rich To Invest – Money Myth Monday

Money Myth Monday – July 15th, 2019 Quote – “You have to be rich to invest.”

Hmm, let’s find out if this one checks out. 👎🏼👎🏼👎🏼 Let me check the disclosures on all of the investing websites like Vanguard, Fidelity, and E-Trade. Yep, they agree. How about my company’s 401k servicer? Yep, they agree.

You DON’T have to be rich to invest!

It was funny, the other day I was talking to a good friend of mine about investing. He had just purchased a brand-new truck (cost him $35k) while he is on a teacher salary. He didn’t talk to me prior to purchasing the truck because he knew I would have told him it was a stupid idea.

I was most disappointed in this statement he made as he was trying to justify this insane purchase to me, “Man, I will never be rich like you. What is the point in investing since I am not rich? It is not like it is going to ever make a difference in the long term. I will start investing when I become rich.”

Hmmm…carry the 1…add the 2…yep, that makes 0 sense! I was extremely disappointed after he made this comment. You do not have to be rich to invest! That is a simple fact. You can go and open an investment account with Vanguard in less than 5 minutes and begin investing as little as $10 in a taxable investment account today!

If you don’t start now, it will be even more difficult to start after you have a little taste of money. So, don’t make the mistakes I made growing up. I had no idea about this incredible community of like minded individuals. You can start today! Prior to graduating college! Without any bachelor’s degree!

Looking back, if I were to do the below items, I would be even further down the path to Financial Independence than I am today:

  1. House hacked in college with my parents purchasing the property with me on the loan
  2. Invested in Index Funds instead of putting keeping cash in my bank account earning me .03%! At least put cash reserves in a High Yield Savings Account (HYSA)!
  3. Act! Having an idea is great but having an idea you act on is even better! Set goals for yourself and hold yourself accountable to those goals. If you need to, which I did and do, find yourself an accountability partner! If you can’t find one, reach out to me and I will

Key Takeaways:

  • You don’t have to be rich to invest. You can start an account today with Vanguard, and/or other providers, and begin investing in low cost index funds today.
  • Have a growth mindset. We live in a world of abundance. There is plenty out there for both you and me!
  • There is no better time to start than now. Even if it is a small amount. Every little bit will add up over time. Ever heard of compound interest? 😊
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Vacation? What Vacation? I’ll Work Instead – Here is Why!

What do most individuals do on vacation? Take vacation! Duhhhh!!! What a dumb question, why would you ask something so stupid TheYoungRetireeBy33!

WELL NOT THIS GUY!!! You have two choices in the life you live. You can do what everyone else is doing and get similar results, you know the classic Choice 1:

  • Work till your 65
  • Save a little money here and there with hopes of having enough to not run out after retirement
  • Continue to have lifestyle creep, buy bigger homes and fancier cars as your income increases (hey now, I deserve it!)

Or…. you have Choice 2:

  • Live a life with a growth mindset understanding the world we live in is full of abundance
  • Put in the time and effort today that will set yourself up to be successful in the next 1, 2, 3, 4, and 5+ years

Here is the decision I have made. Instead of taking an actual vacation and traveling around the world or country, I decided to take massive action and research the market I live in. You can’t change where you are going to be in 5 years if you don’t change your actions today! Vacation? What vacation? I haven’t earned the right to take time off not dedicated to my overarching goals.

What I Decided to Do on My Vacation:
After researching all day Monday, Tuesday, and Wednesday of my vacation, I went to checkout 10 properties on Thursday morning. I targeted a specific area based off the detailed research I did earlier in the week.

Friday morning, I put in 6 offers on 6 of the 10 properties I liked. Each offer included three different options for the seller. The lowest offer was all cash. The middle offer was a regular 20% conventional loan. The highest offer for seller financing.

Four of the six offers got declined with no counter. Oh well. On to the next ones. I received counter offers for the other two. It was then time to begin the negotiation!

After much negotiation back and forth, I have my first true investment property under contract (I do house hack my current home so not sure if that counts as 1 or not, will have an entire separate post about house hacking soon)! I was excited to take massive action, set a target of getting a good deal under contract while I was on “vacation”, and learning a new world that I had not previously understood.

I have much more information that will be coming in future posts about this property and what I expect the numbers to be. For now, here is are the main points I want others to take away.

Key Takeaways:

  • Doing what others have done will typically lead you to the same end results. If you want to be lazy and kick it binge watching tv on the weekends, make sure you are prepared to not make progress towards any sort of goals.
  • You must be willing to put in the time and effort now to get where you want to go. The last three weekends I have been up at 6am with a clear plan of what I was going to accomplish during my morning. Most 27-year old’s were still asleep probably still drunk from going out the night before.
  • A driven individual with no plan might as well not be driven. Drive is only one portion of the equation. If you don’t know what you want to do or what your goals are, focus on that first. You can’t get to where you want to go if you don’t know the end goal.

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