Rock Bottom

Rock Bottom

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What is going on guys! Mike Rosko here! This is going to be my 4th blog post of my life story. I’m excited for this post because I’m going to be running through like what happened after my first business failed. Like what did I do? So that’s where we’re headed in this blog post. So let’s get to it.

So in the first three posts I spoke about how I learned my first valuable lesson about money, how I started my first business, how I expanded my first business, and talked about how we failed. I partnered up and we ended up failing because eBay actually suspended both of our accounts because we were listing the NBA/NFL jerseys as new, stitched, and authentic. And we had a couple of customers complain which led to the suspension.

Next Chapter

And we decided, okay, you know what? We’re just going to focus on school. Because when you’re growing up, you’re taught by your parents, your teachers, everybody, “Oh make sure you go to college, get a degree, and then get a job.

You know, it’s funny, back then I was like all into it! It was like, oh yeah, let’s go follow the plan, but now I look back and laugh because of what I know now. I look back and I’m like, man, I could have saved so much money, it was just stupid. And it kind of shows you, you know, you don’t have to always listen to the mainstream opinions and try to stay up with the society’s norms.

When you’re born you grow up into an environment where you’re told to do this, this, this, and this and that’s how you’re going to be successful. People decide to follow that guideline because a lot of people don’t like creating their own direction and plan. They need to just follow somebody else’s game plan, which is why, only 5% to 10% of people are wealthy and the other 90% to 95% are stuck in this trap where they think their life is so awesome. But in reality, deep down it’s just killing them.

Experience Is Learning

So anyway, I’m not going to say I totally regret going to college and getting my degree because I met some pretty awesome people that I actually do speak with about business and of course it was an experience and I definitely learned a lot of lessons.

I’m not going to sit here and say, oh college, it’s terrible you, nobody should ever go. That’s not necessarily true. If you’re going to be a doctor, a lawyer, engineer or something, or even if you’re just comfortably want to live, like just work 40 hours a week, go home to your family, just live like an average person. There’s completely, there’s nothing wrong with it.

My Events

I used to teach at events with my friends. I used to contact my friends and say, “Hey listen, like if you want to learn how the wealthy are getting wealthy, I’d be more than happy to teach you. I’m learning directly from millionaires, they’re my mentors and obviously they know how to get wealthy, because well… they are wealthy. I could teach you.”

So some of my friends showed up to multiple events and they stuck through it, keep in mind I wasn’t charging anything. I was teaching multiple times a week and they would bring their notebooks, take notes, ask questions, the whole deal and they were so into it. But towards the end one of my friends comes up to me and he’s like, “Listen man, like I learned a lot from you but I just don’t think I want to take that path.”

And I’m like, “Dude, it’s, it’s completely fine. Like I get it.” My point is, people are more than happy with just being comfortable, which is fine.

Freedom Is The Goal

I mean me personally, comfort isn’t my game. I just feel like I only have one life and I just need to make the most out of it and I just need to live life stress free. I just want to be able to wake up everyday and just say, “Hmm, what do I want to do today?”

Rather than being woken up by an alarm and immediately think, well I have to get to work and deal with all that nonsense of people telling you want to do, customer complaints, operational issues, and so on. You know exactly what I’m referring to.

But anyway, that’s just not me. My goal is to live as much of a fulfilled life as possible, I want to be able to give back and be the cause of others having an opportunity as well. I want to be able to change the world, but that’s my perspective. I respect everyone’s opinions, you do you.

However, if you feel the same way as I do and have yet to do anything, then it’s your time to do something about it!

Again, if you’re not like that, if you just want to live comfortably, that’s up to you. I’m not gonna knock you.

College

But anyway, I got sidetracked there, so let me just backtrack. So my friend and I, our first business failed and we went to college. We went to community college and we make it our priority.

After my first semester at Brookdale Community College, I made a commitment. Alright, from here on out, I’m going to get a 4.0 for the rest of my community college schooling, and I ended up getting A’s and everything, which was really cool.

So fast forward, I got to the point where I was like, alright, I have to transfer, so I can finish school and get my 4 year Bachelor’s degree. And I remember I actually stayed an extra year because I was fighting with my parents on what school I was going to go.

What Was My Choice?

I remember sitting down on the computer, and Googling, “What are the best business schools in the U.S.? Okay, one, two, three, and they all happen to be big schools such as University of Michigan, University of Virginia, so on.

I remember looking at the price and was like wow, “$50,000 a year. I’m like, what? That’s crazy. But you know, I would be getting the best business education at these schools.” At the time I thought I was, but now I realize like most of these professors who were teaching business classes, they never ever even ran a business in their life…

They’re just teachers that are teaching from a textbook and teaching you concepts about business. But you know, at the time I thought, oh, but Google says there’s the top business schools, so if I attend one of these schools, I’ll learn a lot.

Dilemma

I was arguing with my parents about where I wanted to finish up my schooling. But my mom refused to agree because she wanted me to just save my money and go to Rutgers. Now at the time, well I think they still have it, but they have a program where you can get your bachelor’s degree from Rutgers through Brookdale Community College.

This way was like a quarter of the price, which was awesome. Plus I was getting scholarships because I ended up with a high GPA. I think I ended up with a 3.9 but I would have to look that up to verify it.

But anyway, so I was fighting with her. I was like, “Oh yeah, but it’s not going to be as good, blah, blah, blah, blah, blah.” You don’t want to go to University of Michigan, whatever. I was fighting with her. So I spent a whole extra year at Brookdale, but I ended up working two jobs at the time while taking a few classes. At one point I was putting in 80 hours of work a week. I was still at the supermarket and I end up getting a job at Dairy Queen too that way I was still making money.

The Decision

So for a year I’m fighting with her and I ended up agreeing I’ll just do Rutgers through Brookdale because it’s a lot cheaper. Why not? You know, it’s still a piece of paper degree. But at the time I didn’t realize that the education didn’t really matter because anywhere in college, the education is just eh anyway, you know?

So I ended up going to Rutgers through Brookdale and the schooling was a little bit different. At Brookdale I was able to just take notes, listen and not really worry about homework because we didn’t really have much homework, so I was actually able to learn a decent amount. But when I went to Rutgers it was like, way different, it was almost as if you were trying to play catch up the whole time because there was just tons and tons and tons of work. I also felt like I didn’t learn a single thing at Rutgers…

If anything I felt like I got more dumb. Because they broke the concepts down so far, that common sense became overthinking…

Too Much

Anyway, I remember the very first semester I kept both the jobs and I went to Rutgers and that’s when I decided, alright, I need to quit the second job because I was staying up til like 4/5:00 AM and then going to work at 8 AM and working until 4:30 PM then going to class at 6 PM.

On the weekends I would work from 5:30 in the morning until 2 PM then go straight to the other job and work 2:30 PM until 11 PM so after that first semester it was kinda like, alright, that’s a little bit too much to handle.

Similarities

But it’s kind of funny because it’s kind of similar to what I do now. You know, I work all day every day, not much of a social life, but it’s different. Because when you’re in school it’s like you’re put on this mission where you need to get that 4.0 GPA. Like school is all that matters. College is all that matters because once you get that degree, it sets you up for life. You get a job, this, and that and so on.

But nowadays I just don’t feel that pressure. It was just that 4.0 stigma around. It was just like, alright, I need to be at the top. I need to be the best I can be so I can get a job because then I’m going to be set for the rest of my life. This is so important, I need to do that.

So that first semester I actually ended up getting a B+, which by the way should’ve been an A-. But for some reason Rutgers doesn’t have A-‘s. There on after, I made the same commitment I had made after my first semester at Brookdale. I was like, alright, I’m gonna get a 4.0 the rest of the way.

The Results

So I ended up coming close, but I got another B+ because like I said, Rutgers doesn’t have any A-‘s for whatever reason. I actually ended up getting like a 92.3 average for one class and that ended up being a B+, even though an A was a 93 so I was like 0.2 points shy of an A.

I emailed my professor multiple times asking him what I could do to bump my grade up to an A. He’s like, there’s nothing you can do. So it was literally a quarter worth of a test question and it cost me a B- over an A. So I ended up with like a 3.9 at Rutgers, I can’t remember, I would have to look that up too.

Graduation Day

Now I want to take you to graduation day…

I remember just sitting in the auditorium at Susquehanna Bank Center on May 21, 2015 and I was just thinking like, how did I get here? I was feeling a little confused that like after everything, it would just end there. And I was like, how did I get here?

I mean I’ve been blindly following, society’s norm for 15 years moving towards this one goal. And I was just feeling eh, alright, whatever…

I will be graduating college and I remember how excited my family was and my mom even turned and said to me, “Aren’t you excited? You’re finally done with college? And I’m just like, ” Honestly no, not really.” It was just, it was a weird feeling. Like I wasn’t even excited.

Accomplishment?

Anyway, I’m sitting in the auditorium I’m looking to my left. I’m looking to my right, I saw like thousands of other people in the same situation. Only they had smiles on their faces. I don’t know I just feel like accomplished. I mean when you look around you see like thousands of other people doing the same thing. To me personally that’s just like, alright, okay cool, yay I’ve accomplished what thousands of other people have accomplished.

I mean maybe I got a better GPA than most people, maybe that’s something to be proud of? But to be honest I just didn’t feel excited. I don’t know did any of you guys feel the same way if/when you graduated college?

What’s Next?

So anyway, the day has finally come. I was finally graduating college that day. My parents, my teachers, everyone else has told me about for years. Oh you need to get a college education so you get a good job. Sure, tonight would be a lot of celebrating with my family. But what about the next morning?…

Like that’s when we all get the chance to meet the real world, but that’s when it hit me…

You know, I had worked in a supermarket for, at the time 5+ years already, like it’s not anything exciting. Like, I’m not going to say I hate it, but it’s not like, oh, it’s what I want to do every day. That’s when I realized that the real world isn’t really going to be any different…

The Real World

I mean for most people who graduated with me, if we were able to find jobs they were going to be entry level jobs and we would be making like 30K or 40K a year. So I’m thinking, this is what I worked my whole life for? Ummm okay…

I have worked my whole life for something that, for most people, is barely enough to cover monthly payments for student loans. I mean luckily I went to college at a cheaper cost, which was awesome. And as you know, I was able to get some scholarships and work while going to school, therefore I was able to just save more and more money. Luckily I was able to pay it off really fast.

But, but keep in mind, now you can’t wipe out student loans even if you declare bankruptcy. So, I remember just sitting in the uncomfortable auditorium chair “listening” to the speech, I forget exactly who it was that was speaking, but he was giving it boring speech. It felt like he was up there talking for like an eternity. I’m thinking, “Just call us up already!”

Doing The Math

But I remember just sitting there like thinking about other people’s loans and doing a math in my head. “Okay, so it might take a year to get a job and you know, you’ll start off if you’re lucky at $40,000 a year. Okay… And some of these people’s loans were like $120,000. Uh, how are you going to pay it off unless you’re like some super saver like me but most people aren’t even good with money.” If you remember I told you in my first blog post about how I learned my first valuable lesson about money.

I’m continuing to think, so mixing that student loan debt and the job market, how are you going to pay enough to cover the costs of the education?…

Supply And Demand

It’s also pretty funny cause like it’s basic economics if you think about it. I want you to think about this for a second…

So you have millions of people getting college degrees every year, right? If there’s only thousands of job openings and there’s millions and millions of college graduates thus there’s less of a demand for a job, then it’s going to drop the salary. It’s going to make it more competitive and you know it’s not going to be an outcome that you expected. The outcome that you were taught since you were born, which is what’s pretty funny.

My Advice

Today as I’m writing this, that’s why trade is on the rise because a lot of these guys are retiring soon and there’s not going to be enough jobs to fill. But people always need, plumbing work done, electrical work done, all that stuff. So if you’re not going to start a business or are one of the few that are lucky enough to land an awesome job, my advice is if you’re going to start now, get into a trade because in 10 years, again basic supply and demand, again, lack of supply, high demand.

I’ll explain this scenario now…

Lack of supply, high demand will drive the wages up. You’re going to be making a lot more money if you get into trade now…

Unintentional Concept Discovered

But anyway, I looked around and I saw all of my fellow college graduates smiling, but like I said, I wasn’t excited at all. I also forgot to mention, I actually finished my last two years of school in just a little bit over a year.

I actually accelerated my schooling and this was when I got a first sense of opportunity costs. It’s funny because this was when I was actually comparing myself to other people like, “Oh my God, everybody else has already graduated last year. I need to just speed up the process and just get it done.”

And that’s when I, well at the time I didn’t realize what opportunity cost was… But that was an opportunity cost because I was thinking, if I waited one more year, that’s one year of salary right there that I could have been making had I stayed a whole extra year. So at the time, like I didn’t realize what opportunity cost was, but that was like a prime example of when I discovered it. And now that I look back at it, I’m like, oh, that’s why I did it. I just didn’t know the word for it.

Relate That Concept To Business

Opportunity cost is huge in business and you’ll learn that because those of you who know me is, I always preach about time. Money is unlimited, you can earn money any way you want, but your time is limited.

So anyway, when I looked around, I saw all of them smiling on graduation day. I mean at first I was confused, but not for me, for them because for me, I knew what my next step was. As you know, I had a ton of money saved up. I had no debt. So I was actually plan on traveling for a year or two before I actually went to get a job.

From The Top Of A Mountain To Rock Bottom

But unfortunately that couldn’t happen because that’s when health issues came into the picture. And rather than taking a step forward and following my plan, I had to take a couple steps back…

It was weird though, because I knew I felt off for like a year or two. Like I knew something was wrong because I just didn’t feel right. You know?

I always felt tired. I felt just weak. And it was weird because I was playing basketball all the time and I remember looking at everybody, I’m like, how do you like not get tired? Don’t you get tired? Like I’m one time down the court. And I’m like dead… Well obviously not literally, but I would almost pass out, throw up, collapse, you know. So I never really actually played at 100% I would just like, you know, play offense, not play defense, and so on.

New Lifestyle

But I just knew there were some wrong for a while. So I graduated college, had fun the whole summer and in September I went to my mom and I was like, “Listen mom, I just don’t feel right like would it be cool if we went to the doctors?” So she took me to the doctor, they sent me to other doctors, I got tests done, all that stuff and that’s when I hit rock bottom, the lowest low of my life…

When Rock Bottom Is The Best Thing To Ever Happen To You

It’s actually pretty funny now because I look back and I say that was literally the best thing that has ever happened to me. And some of you are listening are probably like what? What are you talking about? Yeah…

Well I hate to break it to you, but I’m going to cut this blog post short because we’ve been going for a decent amount of time. I just want to thank you guys for reading! I hope you enjoy this piece and tune in tomorrow for the follow up blog post! I’m really excited for that one because then I’m going to keep following up on my life story. So again, thanks so much for reading and I look forward to tomorrow’s post. Thanks guys, talk soon!

Diploma

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