#read #invest #money #wealth #life #motivation
EntreWolves Style of the Week
What Happens in an Internet Minute?
By: Eli Karam
Simply amazing photo. Einstein said “it has become appallingly obvious that our technology has exceeded our humanity”. And that was 50 years ago! Imagine where we’ll be by 2025. That sounds so futuristic, but it is only 9 years away! It’s a new era, and our time is consumed by technology and the internet more than ever. It’s hard to not use any of the above apps or websites. I use pretty much everyone except Vine, Tinder, and Spotify.
They say time is money; well I and I can’t afford to be a minute late! Sometimes, I think of a world without technology or the internet…but then I find myself on my phone googling the question. Suffice to say, we can’t live without any of the above services, but we can try to tailor how much time is wasted using them!
EntreWolves Attire of The Week
Silicon Valley vs. Wall Street. Which one to choose?
By: Eli Karam
Ah yes, the good old “My dream is to work in banking on Wall Street” saying that any person in the business/finance world has imagined for themselves. Many males studying Finance, Economics, or Business around the age of 18-26 have this embedded in their mind the minute they went to business school. I know many guys around my age that fell in love with working on Wall St. after watching the classic 1987 film and hearing Gordon Gekko’s infamous quote “greed is good”. Fast forward twenty so years and films like The Boiler Room (2000) & The Wolf of Wall Street (2013) add on to this euphoric effect. People viewed Wall St. as the gold mine to land a job in. Where if you put in the grueling amount of work, the money, women, cars, pent-houses, money, champagne, and did I forget…money, will come!
For my ambiguity, working on Wall Street was different. I’m not going to lie, yes the money aspect is awesome, but in all honesty I fell in love with the drive. I was infatuated with the idea of always being busy, being pushed, thrown to the wolves and forced to fight your way to the top. It’s a new era, and Silicon Valley is the new place to be.
While Vice President of the Bentley Venture Capital/Private Equity club, I had the privelge to interview many venture capitalists and learn more about their start up success stories. It was here that I realized the business technology & software scene was my true calling! Tech has been the new hot spot to be over banking. Wall Street isn’t the same, it’s not what it used to be in my opinion and the amount of money to be made is not that attainable as in the startup/entrepreneurship scene. According to Nicki Richards (view link under photo), “Banking has lost some of its glamour, Banks are just not seen as engaging or interesting places to work as much as they were before”.
It’s not the 80’s anymore where some Jordan Belfort’s can just come in and sweep up some easy money. After multiple fraud, ponschi-sceme, and corporation scandals, the SEC has cracked down on Wall Street banks. Add the 2008 financial crisis, and the golden mine that once was Wall Street starts to drift away. What do you think? S.V or Wall St?
EntreWolves Attire Of The Week
If You Don’t Have a Dream, You Don’t Got Nothing
By; Eli Karam
What is it that you want? Money? Fame? Success? Everyone has a dream they want to accomplish and don’t ever feel like you can’t achieve it. An artist once said “if you don’t got a dream, you don’t got nothing”. The verity of this quote made me look at my career in a different perspective. I started asking myself, what is it I want exactly in life? You may know what you want to do as a career but what are YOU trying to accomplish? You know you want to focus on Finance, great! But what is YOUR dream? To be a financial analyst? Work in Private-Equity or Mergers & Acquisitions? Achieve your CFA? Be rich? Or even if you’re flipping burgers…do you want to open up your own place? Work on getting your culinary degree and become a renowned chef?
Do not be that person that just says, “well I’ll figure it out down the road”. NO! If you’re 18 years or older that is not an acceptable answer. Leave that to the kids in middle school or high school who are still figuring out what they want to do in life. Don’t wait for an opportunity to arise. That’s not EntreWolf mentality!
Buddha once said, “Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment”. While I do follow a lot of Buddhism practices and believe in meditation and concentrating your thoughts, I only minimally agree with this statement. Without an image of who you want to be, how can you draw your path in life? Going forward, every person, student or not should sit down and ask themselves, “where do I want to see myself 5 years from now?” And “how can I implement it to succeed?”. Good Luck!
The Book to Read to Motivate You About Investing
By: Eli Karam
Read Invest in Yourself-Six Secrets To A Rich Life by Marc Eisenson, Gerri Detweiler, and Nancy Castleman. I recently picked it up for a good summer read on my downtime and have been pasting through it since! They give excellent advice on how to live YOUR life the way you want, how to manage/invest your money, and other personal opinions that will benefit any individual in life and of course in wealth. So to any EntreWolf ready to start investing….go out and read it!
entrewolf 