Most traders love to fantasize about this … What can $100,000 buy?
I just earmarked $100K of the roughly $880,000 of my trading profits so far this year for a special project.* But before I tell you more, I wanna know…
What would you do if you had $100,000 of trading profits to spend? Leave a comment below … I won’t judge. I promise.
When I first started trading, I spent plenty of my profits buying stuff. Like fancy cars. I bought my parents their dream house in Miami. And I don’t regret these purchases, but now that I’ve gained financial freedom, I’m focused on different things.
For me, money did change everything. But not in the ways that you might think. After that initial spending spree, I saw that accumulating stuff didn’t matter. Now, I’m all about seeing how much good I can do in the world. My younger self would be blown away.
It might sound counterintuitive, but by doing good for others, I’m actually improving the world for myself, too … that’s what motivates me.
(*Please note: My trading results, along with the results of my top students are far from typical. Individual results will vary. Most traders lose money. My top students and I have the benefit of many years of hard work and dedication under our belts. Trading is inherently risky. Do your due diligence and never risk more than you can afford to lose.)
Table of Contents
What Can $100,000 Buy? A Whole Lot…
I won’t keep you in suspense. Here’s what I’m spending my money on:
Some positive news to share from my @karmagawa charity we're going to build 10 more schools/libaries with @BaliChildrensPr as I'm proud to announce a $100,000 donation from my recent trading profits to help give these kids the best education possible, IT'S IMPORTANT TO GIVE BACK! pic.twitter.com/UciKklKCWm
— Timothy Sykes (@timothysykes) September 3, 2020
I know. Whenever I post something like this, I get such mixed responses.
A lot of people say, “Just give quietly. It’s so annoying when you post about charity.”
I even lose followers sometimes.
But then there are other people who get inspired.
When I posted about the crisis in Yemen and created a fundraiser, it snowballed — in a good way.
I contributed $370K of my personal trading profits.* Thanks to the many donations from my followers and followers of my charity, Karmagawa (plus proceeds from Karmagawa merch), the collective amount raised totaled $1 million.*
Just think about how much good that amount will do in a war-torn country!
The New York Post even picked up the story…
NEW NY POST ARTICLE ABOUT MY CHARITY'S $1 MILLION DONATION TO YEMEN! https://t.co/lbnDFWy13g Please share on $FB $TWTR everywhere, let's inspire more traders to give back to people in need too! GREAT work @karmagawa community, we did this TOGETHER! #teamwork #charity #helpyemen
— Timothy Sykes (@timothysykes) August 3, 2020
That’s why I don’t just “give quietly.” It’s not about me being a loudmouth. I’m passionate about spreading the word. It’s how I alert people to what’s going on in the world … and how they can help.
Bali-ve the Dream
I used to constantly post pictures of things like my cars and hot girls…
View this post on Instagram
I just finished a live 7-hour #stocktrading webinar for my students (I didn’t even lose my voice) and I’m damn glad to be done with it now as it’s been a hell of a week for my students and I and I’m SO glad it’s the weekend and the #stockmarket is finally closed so I can breathe a little! Come to think about it I haven’t been this happy since my first #lamborghini got delivered a few years ago, literally this has been one of the craziest weeks of my life with more students than I can count making at least $1,000 all the way up to $150,000 in the past week alone so I’m going to relax for a bit, but then get started tomorrow on a massive recap video lesson so you can understand just how insanely well my students are doing with all these #marijuana #cbd and now surging #chinese stocks too as it’s not just me and my #millionaire students anymore, there are hundreds of students messaging me daily now as #education pays off quicker than you realize when you utilize the #nodaysoff approach that I teach and live by! #fbf #lambo #flashbackfriday #relaxtime #lamborghinigallardo #lambolife #gallardo #whataday #longassday #cheerstotheweekend #jewllardo
Here’s the thing … Love ‘em or hate ‘em, those photos were extremely effective.
They helped me attract students. Honestly, some of my current top students probably found me that way. I won’t name names. But yeah … it helped me build my platform.
My platform and followers have grown over the years. I’ve grown a lot, too.
I’ve recognized the power that comes with the kind of reach I now have on social media. With that power comes responsibility.
I don’t want to run an evil empire. I want to give back to good people.
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We have wonderful news! Our friends at @karmagawa have just donated to help us renovate ten (yes, TEN) more schools in Bali. It may seem like a strange time to be building and renovating schools. But it has never been more important. The pandemic has forced a switch to studying at home or online, which impacts children’s education drastically. While studying at home is as good as it can get during the pandemic, it means children are unable to access the same level of education. So although schools are currently empty, it’s important to look to the future and help children access even better quality education when they return to school. The projects will inspire whole villages and will give a massive new push for Bali’s rural communities to come back stronger than ever and make up for lost classroom time. Scroll along to see some of our favourite projects so far with Karmagawa. Once finished, this will bring the total number of schools supported in Bali by Karmagawa to 31! #karmagawa #bali #balichildrensproject #educationmatters #educationiskey #escapingpoverty #renovation
I’ve donated in Bali before. This money will go toward projects 21–31. Internationally, I’ve helped build 70 schools so far — and this will bring the tally up to about 80.
The fact that $100K goes that far internationally kind of blows my mind. I’ve given a lot of money domestically, too…
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My family, my elves and i all had SUCH a great time passing out toys to the kids at The Boys & Girls Club of Miami and Hanukkah Harry couldn’t leave without surprising them with a $25,000 check from @thetimothysykesfoundation to support this great #charity to help even more youths in #miami and #miamibeach too! #holidayparty #givingback #happychanukah #ilovemyjob #thetimothysykesfoundation #boysandgirlsclub #hanukkahharry #hebrewclaus
But there’s no comparison to how far your dollars can go overseas.
I Didn’t Make $100,000 Overnight
Over the course of my trading career, I’ve earned over $5,900,000. I’m about $100K shy of $6 million.*
That didn’t happen overnight. My average win is about $1,700.* So making $100,000 didn’t happen overnight, either.
Making $100K* isn’t like making a batch of muffins. It’s more like recipe testing over weeks, months, and years to find the perfect version. You’ve gotta work hard, use your data, and make it happen over time.
Following alerts is an inherently flawed strategy. There’s a lot you don’t know and a time delay. Don’t be a sheep.
If you want to be a smart, consistent trader, learn to think for yourself. Don’t be a follower.
Get out of the ‘money mindset’ and into the self-sufficiency mindset. It can change everything. Maybe not overnight, but over weeks, months, years…
My top student Tim Grittani is the perfect example. Right now, he’s up over $12 million in profits.*
He started with a small account and made nothing — zero dollars — for his first nine months. Back then, Grittani wasn’t thinking “what can $100,000 buy?” He was focused on small gains.
He took the time to evaluate his own trades, optimize his process, and focus on perfecting what worked for him. Now, he never has to worry about money. In the scheme of things, his profitless time was short-term pain for long-term gain.
Passion Leads to Progress
If you do want to build your small account, the best thing you can do is to become obsessed and completely passionate about trading.
I have a ton of passion for what I do — teaching my students to trade and giving back with my charity. Every morning, I literally wake up thinking “awesome! Another day of doing what I love!”
People ask me if I'm actually so energetic when I wake up like my tweets suggest and the answer is YES! Actually HELL YES! I am SO grateful for everything & for all the joy that my students bring me so every day is a gift…that's why I want you building your own dream life too!
— Timothy Sykes (@timothysykes) October 14, 2020
You can’t fake that kind of enthusiasm. I’ve found it through my work as a teacher and mentor, through traveling, and through my donations.
If you think that trading could be your gateway to the life of your dreams, my new, low-cost 30-Day Bootcamp is the perfect place to start.
You can’t even complain that it costs too much. It’s less than $100! It’s been so popular that I actually needed to create a new Twitter handle for it — @30DayBoot. Follow that account, plus the hashtags #30DayBootcamp and #30Day.
This is the ultimate education for new traders, and it’s actually fun to watch. I made it with my student Matthew Monaco. I really saw potential in this student, who was newly profitable at the time. Now, he’s up over $300K in profits.* I love being right!
What Can $100,000 Buy … and What Motivates You?
What can $100,000 buy? A lot. But these days, I’d rather see how far my money can go toward helping the world and people in need. I’ll take that over buying a fancy car or seeing if I can buy an entire floor of a department store.
That’s my journey. You’ve gotta stay true to what motivates you. If it’s an amazing car, that’s great. But if you see how I donate and want to do it too, I’m honored to lead by example.
NEVER build your life just around making $, you MUST love what you do as that passion is the key to your success & ultimate happiness. The $ you make is just the byproduct of your passion, not the main goal. Never forget those who chase $ alone are usually the most unhappy/lonely
— Timothy Sykes (@timothysykes) October 14, 2020
What I want you to take away from this post is that money isn’t the be-all and end-all. But it can make your dreams and goals attainable.
Making $100,000 shouldn’t be what motivates you. Instead, be motivated by what $100,000 can buy. That’s what’s going to fuel you for the hard work, studying, and long road ahead.
What can $100,000 buy? What would you do with that amount of money right now?