To receive new articles instantly Subscribe to updates.
Susan’s Forex Freedom Path
Written by: PaxForex analytics dept - Friday, 09 November 2018 0 comments
Hi everyone and thanks for reading my post. I’m Susan, 31 years young and living in Vancouver. I moved here for my job almost 9 years ago and love the city. Right out of university I received a great job offer to work for a business consultancy and it was a dream come true for me. All was great with the exception of my boss. I was hired together with two other candidates and our boss was supposed to be our mentor and show us the ins and outs of our profession. She was a terrible boss and had very little interest in being our mentor. She was not the owner of the business, two friends were managing partners and to my surprise they were both great guys.
The drawback was that the three of us has to work and report to her. She was impatient and only great at criticizing everything we did. It created a semi-hostile work environment and after a few weeks we did all file a complaint with the managing partners. They took our concerns serious, but were unable to just fire her. They promised us they would talk to her and we even had a group meeting in order to address our concerns. She became more vicious and the situation gotten worse, much worse, before getting better.
The three of us shared one passion which was real estate. My parents made their fortune in the real estate market so I grew up around it. I wanted to make it on my own and implement all the lessons I learned from my parents growing up. We decided to start a real estate business on the side as we had no idea how long we could stand our boss. We all borrowed some funds from our parents, our first investors into our venture, as well as borrowed from our banks in order to have sufficient start-up capital. We all became equal partners and brought $45,000 each into our partnership for a total of $135,000.
Now we were faced with a decent amount of personal debt, but motivated to get our business off the ground as fast as possible. Our terrible boss actually motivated us to work harder towards our goal. We knew that we couldn’t borrow more money and it takes quite some time for a real estate investment to become profitable. We needed an intermediate step in order to ensure our start-up capital will generate income. The three of us brainstormed ideas individually and then shared our results. One idea we all had in common was the forex market.
None of us ever traded forex and we understood that learning this profession would take years. We wanted to find a solution which would work for us without the need to learn. At the same time we were shopping around for our first real-estate investment. We were focused on storage units as well as commercial properties. Vancouver was just starting its real estate boom and there
were plenty of opportunities around. We found our first ideal property before we were able to find a great forex trading solution. We looked at different account managers as well as technology such as electronic advisers.
We had the idea to shop real estate properties which were offered by the court due to bankruptcies. There are often very great deals available and we got very lucky a few month into our new business. A small 10 unit storage facility on the outskirts of Vancouver was offered in bankruptcy court. We were able to get it for $115,000 which was a great steal. Nobody else bid on the property as it required plenty of work to get it operational. Good thing me parents knew the right people who would get to work on it for a great price.
Now we only has $20,000 left, but the deal was to good not to act on. Shortly after that, we found an EA which was offered by a local financial technology firm. They used it in-house, but decided to grant a small amount of licenses. There was a one-time payment of $10,000 plus $1,000 per month for the license and 10% revenue share on profits above $1,000 per month. After carefully researching this we met with the firm offering the EA. During our meeting we found out that they were looking for storage space and agreed to give them two of our storage units if they drop all monthly fees and revenue share.
They happily agreed, we paid the one-time $10,000 payment for the EA and deposited the remaining $10,000 into our PaxForex account. They offered us a 100% deposit bonus so we were able to start the EA with $20,000. One month later we started to rent out the other eight storage units at $1,500 per unit and the EA averages another $1,000 per month. We soon saw our income total over $13,000 per month which we reinvested into our PaxForex trading account in order to boost the revenue from our EA.
Our boss remained horrible, but as the company was expanding and we loved working there we offered the two managing partners to invest into the company. We agreed to terms and the only condition we had is to replace the terrible boss with a competent person in order to train the next young employees. Our boss was shocked that we became partners and that we ousted her. Over the past six years we invested into nine more commercial properties, repaid our debt and have over $500,000 in our PaxForex trading account. We used the revenues of the EA, now more than $30,000 per month to finance more real estate deals. I am leaving the dream and so can you with a trading account at PaxForex!