There’s this crazy notion that women don’t or can’t speak the language of stock and bonds and Tela is here to break the mold. Tela is a woman who is completely unapologetic about trading stock as a way to make income and better yet, she’s teaching others how to do the same in simple, matter-of-fact English which makes everything super unintimidating.
If you’ve ever wanted to beef up your stock portfolio or just get more confident when looking at your 401(k), you have to see how Tela is making it all happen.
Name of Side Hustle: Independent Trader and Trading Coach
Start Date: 2009
How did you pick your side hustle?
I decided to start learning how to trade the stock market when a co-worker mentioned he had taken a course and was planning on retiring early.
Did you encounter any setbacks?
Yes, when I first opened my trading account I started with $3k and lost most of it. I learned that discipline and emotions were just as important, if not more, than the technique I was using. This is exactly why I make sure mindset and working through those emotions are a major part of my work with my clients.
I had an escape plan to leave my 9 to 5 but I was fired before I was ready to quit. This ultimately made me step back and review my financial situation. That’s when I realized I was making enough money in the stock market to not have to work. But, it wouldn’t have been possible if I hadn’t paid off all my debt!
How did you fund your side hustle?
I started with a paper money (practice) account to learn how to trade. While I was learning, I budgeted money each month to put into my trading account. After 8mos of practicing, I had $3,000 to start trading.
How did you find a venue?
Anywhere that has my family, sand and a cocktail!
When you were first starting out, how did you find clients?
I started with products and services I use all the time because it was what I knew. I learned some of those were good stocks to trade or invest in and some weren’t. Starting with what I knew was very helpful because it was what I knew and it kept me interested.
How are you marketing your business?
That’s the beauty of this business. You don’t have to market to anyone, worry about Facebook ads or post to Instagram 3x/day.
How much side income have you made?
I’ve made over $100k trading the stock market.
Where is your business now?
I am now “retired” and live mainly off my income from trading the stock market.
What was the most important thing you learned?
The most important thing I learned is that you can’t be in the stock market just for the money. The money is a tool to trade your way to financial freedom but you have to have a bigger purpose. What kind of impact do you want to have on the world? Give back to your community and change your legacy.
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