Young Upstarts

All about entrepreneurship, intrapreneurship, ideas, innovation, and small business.

$1 Million At 25: How My Business Made Someone A Millionaire

success_kid

by Paul Scolardi is the CEO of Super Trades LLC

When it comes to finding financial success, so many people focus on having to build their financial portfolio for years and years and to wait decades until they can make the money they want and live the life they have always wanted to have. However, there is a young man by the name of Matthew Owens that is proving that philosophy wrong. Matthew was 24 years old when he started my program in 2013. This is how Matt’s journey unfolded and how he found himself as not only one of my top trading students but as a financial stable millionaire by the time he reached age 25.

Overcoming Early Challenges.

While Matt’s rise to the top of the trading world may seem quick and easy to the average outsider, mainly because of Matt’s age and quick success, it doesn’t mean that he didn’t face any setbacks. He started off with a couple of other programs and looked at day trading in general before joining my program. For whatever reason, Matt felt as though he wasn’t learning much and that these programs were not giving him the information he needed to find the success he was looking for. Additionally, Matt had lost 30% of his account during this time. This is when he decided to join my trading program and have me as his mentor.

Learning the Rules & Discipline.

One of the things that impacted Matt from my program was learning the infrastructure of trading as I call it. This consists of trading rules, trading discipline, and the psychology of trading. I coach my students as athletes and make sure they know the playbook, which represents trading rules and a disciplined trading plan for each trade. No matter what field you are in or how you are planning on making money, having discipline is one of the most important things you can have in life as this type of control can only help you make smart choices. Additionally, I coach them through the psychological aspects of trading (fear and greed to name a couple). It is equally important to master the psychology of trading, as it is the technical aspect of trading.

Developing Important Skills.

My program also helped Matt on his journey to becoming a millionaire by learning some of the more qualitative focused skills associated with stock trading. This includes properly analyzing the qualitative and fundamental aspects of a stock and doing the research needed to get insight on a company. This is something that the average trader does not take the time to do and something my program emphasizes because I know first hand that these types of skills are very important in the market. Many traders just focus on charts, I emphasize charts AND the fundamental or as I like to say, qualitative aspect of what is going on with a company. The great news is that my background was a CPA and CFO in corporate finance. So I am able to cut through and focus on what is actually important financially when it come to trading stocks as well as make it easy and fun to learn. There is no need to be intimidated if you do not have a background in finance as I do, and I make it easy for beginners to learn.

Lastly, my strategy is not focused on day trading. My style of swing trading does not require you to be glued to the computer screen all day.   Money can be made trading part time in the stock market while still excelling at a full time job or as a full time student with my strategy. This worked well for Matt, as he is a successful full time student.

$1 Million at 25.

Matt is now a millionaire at 25 years of age! However he likes to emphasize continued success and not fixate on the $1 million mark. Not only that but he has taken my strategy and combined it with his own unique style and strategy and he now teaches his own newsletter to his own students. The great thing about the stock market is it offers the opportunity that Matt and I both have now – to be financially independent and to be our own bosses. You can learn this skill in much less time than a college degree and for a fraction of the course. However, the question really comes down to character. Matt had a hard work ethic and put in the time taken to learn and perfect his trading while still excelling as a full time student. Many people out there want the prize but do not want to put in the work. I am so proud of Matt in becoming my first millionaire student. The only question I have now is who is next?

 

paul scolardi

Paul Scolardi is the CEO of Super Trades LLC. He spent 16 years in Corporate Finance as a Certified Public Accountant and Chief Financial Officer. Additionally, Scolardi has also been investing/trading in stocks for over 18 years and is a self-made multi-millionaire from it. He is currently a financial educator with more than 1,100 students in over 30 countries and recently had his first student to also become a millionaire from his strategy.

Share

This is an article contributed to Young Upstarts and published or republished here with permission. All rights of this work belong to the authors named in the article above.

Tagged as: , , , , ,