Why Break the speed limit when it comes to your finances?

As a preamble statement, I am going to start by saying that I am using Over The Speed Limit Finance as a euphemism for the fact that we are all going too fast!

When 2020 started, I was planning my next vacation and with it thinking about the obvious right? Money!

Something happened though on that cold March the 9th morning when Corona became real in investor's minds. We went into overdrive!

I like to say that I am a realist, although to be fair people have told me that I am a pessimist, for the most part, I feel very optimistic, but I am not going to lie, I had been thinking about the next market crash since 2010. I was too young to act, but could definitely see the money rolling down the street.

Like every millennial, I have an unrealistic amount of information at my fingertips and do mostly nothing with it; but this, I was sure I was going to use. I was mentally prepared, although not financially (again a pure millennial at heart) to do whatever it took to make some additional money in the next market crash... I took loans from the weirdest places, trying to buy the deep! I invested even my mortgage payment, took some additional credit card debt, looked at the market at least 2,700 times a day, invested in everything that was down from Carnival Cruise Lines to Spirit Airlines, started a mining ring (you read that right!) and a side hustle with it, and OMG did it pay off!

Now we often speak about an opportunity, but not about cost, and way less often about Opportunity Cost*. I am not only speaking about money on this one though, but I am also talking about the experience, the heartaches, the adrenaline, and time spent on every single opportunity we take and forego. This market crash taught me that I lost the opportunity to learn more about the market while I was waiting for this crash to happen. I learned that "knowing" the market is equal to betting when done in the short term and that it truly feels like you are a junky when you place yourself at that level of risk. Overall my biggest lesson was that understanding what lies underneath an investment, from its investors and employees' sentiment, to how it generates value and distributes wealth are the number 1 factors in predicting the outcome of your stocks.

Please join me in my search for freedom. The financial, emotional and career freedom we all deserve, and most importantly the informational freedom we seek.

Here you will get a knowledge pool on investment options, taxes, financial planning, and how to get exponentially better at what you do. I am not claiming knowledge, but merely my intention of learning amongst you!

Now without further ado,

Welcome! To OSL Finance!

*Opportunity Cost is the forgone benefit that would have been derived by an option not taken).