In a developing country like Yemen, $1 million can go a long way in terms of improving people’s quality of life. So far, our donation has directly assisted over 30,000 people.
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Table of Contents
The Power of Social Media
When I first posted about my intention to make a Karmagawa Yemen donation, the initial goal was to raise $200K.
I was completely floored by the response. Within 12 hours, we received $95K in donations.
This is why I love social media so much, we have now raised $95,000+ in the past 12 hours in our @karmagawa fundraiser to aid in the #YemenCrisis & add in the $25k I made from trading yesterday + $5k so far today, that’s $125k so far, see https://t.co/qPWrn4EnXb & help Yemen too! pic.twitter.com/jp8FD2xmjD
So we raised the goal and you kept donating…
Between your donations, Karmagawa donations, and my personal donation of about $370K from my June and July 2020 trading profits*, we were able to donate a total of $1 million.
It Pays to Be Transparent
I’m also fully transparent about my motivation as a trader. I trade to teach, and I donate all of my trading profits to charity.
(*While I’ve enjoyed remarkable success trading stocks over the years, earning over $6 million in trading profits over the past 20 years, my primary income comes from the sale of financial education products and subscription services offered by various businesses and websites in which I have an ownership stake.)
Over the years, my priorities as a trader and human being have changed.
I grew up in a middle-class town in Connecticut. When I first started trading, I wanted to become rich. I wanted a better life.
When I started making money, I saw it as my chance to live out my childhood dreams. So I did things like buying fancy cars.
I love that I got to do that … I love that I was able to buy my parents their dream home, too.
But as time went on, acquiring things had diminishing returns.
Don’t get me wrong, I didn’t turn into a saint or anything. I like treating myself, traveling, eating well … In fact, in a recent roundtable Trading Challenge webinar, I talk about how I’ve been indulging in flan and churros with newly-minted millionaire trader and Trading Challenge moderator Matthew Monaco.**
I have enough money to take care of myself. I’m financially secure.*
Now, I want to give back to others. That’s what inspires me.
(**Please note that Matthew’s trading results are not typical. Most traders lose money. It took Matthew years of dedication, hard work, and discipline to learn how to trade. Individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.)
Our Karmagawa Yemen Donation at Work
It’s my honor to donate and help make the world a better place. I’m proud that I can be part of helping save the children in Yemen.
As you can see in this tweet, it’s been allocated to all sorts of things like shelter, meals, food baskets, blankets, and school supplies like backpacks and uniforms to help children get back to school.
After you study/work hard enough to take care of yourself/your family what matters most in life is what you can do to help others in need, I'm SO proud of what my charity @karmagawa is doing right now to help families in need in Yemen via our $500,000+ donation to @PartnersRelief pic.twitter.com/3UAJcG0dy9
What I love about working with a charity like this is that they have people on the ground in Yemen. They’re small enough to be nimble and operate in this war-torn country, but established enough to have a wide reach.
So far, the Karmagawa Yemen donation has directly assisted over 30,000 people.
Continuing to Give Back
I’m proud of what the Karmagawa Yemen donation has done so far…
But there’s still so much to be done.
Along with Karmagawa, I’ve also helped raise money to assist people in Beirut, Lebanon … I’ve also helped raise more than $100K for more schools and relief in Bali, Indonesia … And helped raise funds to assist in oil spill cleanup efforts in Mauritius.
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I’ve got projects in the U.S., too.
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Survive … Then Help Others Thrive
When I talk about things like this Karmagawa Yemen donation, I’m not trying to guilt-trip you into donating all of your trading profits to charity.
What I really want is to help you figure out what motivates you.
It’s kind of like they say in an airplane — if the oxygen masks drop, you’ve gotta put yours on first before you should attempt to assist others.
You can’t help anyone if you’re unconscious. So yes, take care of yourself. Attend to your needs and your family’s needs first.
Maybe that will be your initial motivation as a trader: giving yourself and your family a better life. That was my motivation at first.
Now, giving to others is what helps keep me motivated as a trader. It gives me purpose.
What Gives You Purpose?
Don’t let anyone tell you what you should and shouldn’t do with your money. You get to choose.
What gives YOU purpose?
Family, charity, travel, luxury, security? Something else? There’s no right answer. I want you to think about what motivates you and use it to continue to get better and keep studying.
This is exactly why I send my late-night motivation posts on social media. I want you to push yourself and dream big!
10:52pm study check, retweet/favorite this if you’re up studying, making your watchlist for tomorrow or if you made a trade or papertrade on @StocksToTrade today as the market is CRAZY right now so it’s important to truly maximize your education every day, it compounds over time!
It’s my honor to donate 100% of my trading profits to charity. I want more people to pursue their dreams … If you think trading could be part of helping you do that, I want to do what I can to help.
I’m curious … What motivates YOU? There’s literally no wrong answer. I don’t care if it’s charity, cars, buying a house. Be honest! I love hearing from you.