Wanna know the most interesting thing about me? Check out my recent feature in Forbes. Karmagawa — my charity — is front and center. The point of view is way different from the ‘Tim Sykes is a penny stock millionaire’ sort of press I usually get…
Don’t get me wrong. I’ll be the first to tell you that it’s great to be a millionaire.* I’m proud of what I’ve achieved as a trader. I’m even prouder of what my students have achieved — including my latest student to cross the million-dollar profit line, Jack Kellogg.*
Plus, I know that ‘millionaire trader’ is better clickbait than ‘nice guy who gives to charity.’
(*I must remind you that these results are not typical. Individual results will vary. Most traders lose money. My top students have the benefit of many years of hard work and dedication. Trading is inherently risky. Always do your due diligence and never risk more than you can afford to lose.)
Table of Contents
Time Changes Everything
I started trading as a teenager in the 90s. My parents gave me permission to get started with $12,415 of my bar mitzvah money — they figured it was mine to lose.
Don’t get me wrong — I live a good life. I love to travel, and I like to do it in style.
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I like having nice things. I like good food. Most importantly, I recognize that having money gives me the freedom to live the life that I want.
But I also recognize that there’s no use hoarding your money while other people are suffering. I want to use my money and influence to make the world a better place. Like when I helped donate $1 million to the people of Yemen…
That’s why I’m happy about the article in Forbes — Karmagawa is the focal point. It tells the story of how I got involved with charity work in the first place, and what I’ve achieved since then.
It’s a great reflection of who I’ve become and what motivates me now.
What’s the Key to Finding Your Passion?
A lot of people think that passion is like a pilot light that never goes out. Wrong. This is something I think you can learn from my Forbes Karmagawa feature…
You’ve gotta keep stoking the fire. You’ve gotta find a source of motivation to keep you going. Otherwise, you could get burned out.
When I started trading, I was super motivated by making money and the things it could buy.
When I bought my first luxury car, it was amazing. But the second car didn’t bring me as much happiness.
When I found out some of my friends were building a school in Cambodia, I got inspired. I’m a take-action kind of person, so it didn’t take long for me to start building schools of my own.
Donating to charity helped me find new motivation to make money and trade. This is my passion!
Learn more about my charity Karmagawa here:
Trading, Teaching, Charity: My Best-Life Balance
I love trading. I love teaching. But these days, what I love best is giving back to charity. That’s the real lesson you can learn about me in the Forbes Karmagawa feature.
These might seem like disjointed pursuits. But together, they form an ecosystem that gives me my best life.
Here’s how it evolved:
I started trading to get rich. I got rich. Suddenly, people cared about what I had to say and wanted to know how I did it. So I started teaching.
But here’s the thing … Once I became rich, making money was less motivating. I didn’t need more money. Donating to charity gave me a new source of motivation and passion.
Now, I trade to teach. I use my profits from trading to give back to charity. Through charity and thanks to the freedom that trading gives me, I get to travel the world.
See? All the systems work together. The perfect equation to give me the life of my dreams.
What Motivates You?
I’m always saying that traders shouldn’t follow alerts … if you wanna be in this game for the long haul, you’ve gotta figure out a strategy that works for you.
You’ve gotta become self-sufficient. But that’s not just a trading lesson — it’s a life lesson.
Maybe it’s buying fancy cars…
Or maybe it’s giving back to charity…
It could even be just giving your family a better life.
No matter what your goals are, money can help give you the freedom to pursue them.
But you’ve gotta be motivated. You’ve gotta be willing to put in the hard work.
Midnight motivation: you can achieve ANYTHING you put your mind to, but you better love what you do because you're going to have to work harder, suffer through early mistakes/failures & have more patience than you ever imagined in order to reap the most benefits of your journey!
Does that inspire you?
I created the Bootcamp series with my student Matthew Monaco. If you want an inspiring story, here you go. He was just starting to find consistency in his trading when we filmed it … now, just a few months later, he’s up over $400K in profits.*
What the Forbes Karmagaway Feature Says About Me
If you read the Forbes Karmagawa feature, then you probably know that I’d be psyched to see more people finding consistency in the penny stock niche, making money, and donating to the many worthy causes out there.
But what you do with that information is up to you. Are you ready to take the next step?
Did you read the Forbes Karmagawa feature? How does this post inspire you? Leave a comment and tell me what you think!