Hello everyone, and welcome back to my platform. Today, we’re going to do a recap blog for 2021. I’ve got a lot to talk about, so please bear with me, because this blog will be a bit longer than usual.
First, I’d like to take this opportunity to thank everyone for their support. All of you who follow my channels, read my blog posts, send me emails and ask questions. For me, 2021 was a very successful year and a very difficult one.
Successful because I was fortunate enough to be invited to a lot of events. I had the opportunity to share my knowledge and experience with so many people.
I had an interview with The Sun (for those of you who don’t live in the UK, The Sun is a pretty major newspaper). I had the opportunity to share some of my story and business journey and give advice to the people looking to make a positive change.
And this interview was just the beginning. Apparently, many people liked what I had to say, and I got invited to Rich House Poor House – a fun little show where two families swap their homes for a week and try living in each other’s shoes. I’ve also been invited to give multiple presentations, notably one in the Oxford Business College.
Meanwhile, some Bulgarians back at home also managed to stumble upon my online activities, and during my next visit, I got a bunch of invitations from Bulgarian news outlets.
And all of this gave me a really lovely visibility boost. Many new people found my platform, and I’m getting more and more emails every day. And this really makes me happy. I’ve always loved helping people. This plays a big part in how I run my company and hire people. It was also the main motivation for starting the Lifestyle Tips website and my channel.
There are so many people who want to make positive changes in their lives but just don’t know where to begin. Some have a vague idea of where they want to be. Others just want to “live better” or “succeed”. The world is filled with people like this. Sadly, many of them just get lost along the way or make a mistake and give up. And that’s not something that should be happening, really.
Not in our day and age, not when you can just go online and learn whatever you feel like, really. But, still, there’s a ton of information to process, and it can really be overwhelming for most people, especially if they’re not in a good place mentally.
But that’s why I’m here – to help!
I’m very happy that I was able to touch the lives of so many people.
On top of all this, I also managed to
- Launch my book
- Write and publish a couple of smaller eBooks
- Released a ton of courses for people who want to learn about the Stock Market and improve their life
- Improve my wellness business (over 70 people on our team already)
Another big thing that makes me really happy this year is that I finally got my Tesla. As you all know, I’m big on eco-friendliness, and I’m a huge Tesla fan. I’ll probably stick with their EVs forever.
I also got some questions about why I’m doing this. Why I go through all of this trouble to talk to journalists, give interviews and show up on TV? And don’t get me wrong, it’s absolutely draining and takes quite a bit of effort.
Why would you bother with all of this when you’ve already got your business up and running? You can just focus on that and enjoy your success, right? What is there for you to gain from this?
Well, this is exactly what I’ve got to gain – I want to help people!
And, of course, not all of the comments are positive. The more “famous” you become, the more haters you attract. And when it comes to the internet, this is magnified. There are always naysayers, demoralised people who just hate everything for the sake of hating it, trolls who will do anything just to get a reaction and so on.
But that doesn’t bother me at all.
Everyone goes through this. And, besides, this isn’t exactly new to me. Being a business leader also gives you this sort of exposure, just in a different environment. You’ll be hard-pressed to find any business leader out there who is loved by everyone in the world. That’s just not a thing that happens, really. Now, I’m trying to create mentoring programmes that allow people to study independently while also having access to me if they have questions.
I have some people in my company who have been with me from the start. They’ve worked with me for over twenty years, and they’re still just as passionate and motivated as when they first started. I’m very proud of this. We wouldn’t have made it this far if we weren’t doing something right … right?
And don’t get me wrong here, I’m not saying that getting to this point was easy. It absolutely wasn’t. Learning how to work with different people is a challenge. Everyone comes from a different background, has their own mindset, goals, everything. But if you really want to make it work, you can. It just takes a bit of effort and getting used to.
The same applies to building an online presence. I’d say that it takes a bit of courage, especially if you’re like me and you’ve never been all that active on social media and forums before. Getting to this point and having multiple websites, online communities, and YouTube channels was a journey. But it was – and still is – very exciting and fulfilling. It makes me really happy because it allows me to do what I enjoy the most – helping people.
I really want to give something back to people, my friends back in Bulgaria, and all of you reading these blogs. I want to help you find and achieve your goals. I want to help make your lives better.
I’ve mentioned this before (and those of you who follow my blogs know it already), but I never had a teacher or a success mentor. I had to learn everything on my own. I had to “pull myself up by my bootstraps”. And for all the flak this phrase gets, I find it very accurate. If you have the right mindset, you absolutely can do it. Sure, the economic situation might be a bit more challenging today, but starting a business and investing is easier than ever. And, best of all, the information on how it works is readily available thanks to the Internet.
When I was just starting out, all I had was what my parents taught me. They were not business people, but they were sincere and hardworking folks. They taught me the value of honesty, loyalty and hard work. And here’s another thing that the negative people out there get wrong. When someone talks about hard work, they don’t necessarily mean “working nine-to-five for someone else”. In my case, hard work means working on my business, investments, and brands.
But, since I didn’t have a teacher or a role model for the “business” part, I made many mistakes. I had a lot of setbacks, and it took me a very, very long time before I was confident enough to start investing.
On being prepared
School doesn’t prepare you for life. Many people like to go on and on about “back in my day”, but I’m going to be completely honest with you and tell you that school wasn’t that much better back then. And that’s because all educational systems fall into the same trap – they don’t teach you about life.
Oh, don’t get me wrong, there are a lot of really valuable things that you can learn in school. But the entire thing is set up in a way that doesn’t prepare you for your life after you get the degree. Instead, it teaches you how to be a good student, how to prepare for tests and how to get good scores. And that’s well and good, but it really doesn’t amount to much, especially if you want to really get somewhere in life.
Young adults come out of college with almost no real-life experience.
We live in a time where everyone who wants to study can do so. And, since most of the desirable jobs require a degree, we all try to get one. We spend 15-20 years on our studies, get our degree, and find some nine-to-five jobs.
And that’s when we “enter” life. And we’re utterly unprepared for it. Because school never taught us about any of the things that we need to do, especially if we want to move forward, build careers or start businesses. There’s a ton of things that we’re missing, and we realise that we have to start learning all over again.
And, of course, some do. I am one of these people, and my daughter is another. We put in the effort, the hard work because we wanted to learn.
But most people just don’t bother.
They say, “Oh, that’s just not a thing for me”. Or “it’s only for the really special people”. And stuff like that. And if they don’t feel like they can do it, if they’re happy with what they’ve got, that’s fine by me. I mean, I’d prefer it if EVERYONE would want to improve if everyone wanted to become the best version of themselves, but I know that this isn’t realistic. There will always be people who are content with what they’ve got, and that’s fine.
But there are so, so many people who are not happy with their lot in life. They don’t want to be stuck in a low-paying position with little to no prospects to move forward. They want to be more. To see more. To achieve more.
All of this requires a ton of studying. Not the kind of learning you do in school, but the real kind. The kind where you’re figuring out how businesses work, how life works, how to talk to your boss, how to deliver results and advance your career, how to lead people, and so on.
For most people, myself included, this takes a lot of time and effort. And we make mistakes. Mistakes that cost time, money and energy. Just imagine what it would’ve been like if you got to learn all of this stuff in school. Wouldn’t that be great?
And don’t get me wrong here, I have nothing against studying. I’m not saying you should drop out of school or anything like that. “To live is to learn” and all that. We all learn for as long as we live. But this doesn’t mean that everyone has to struggle to learn the important stuff.
During these past twenty-one years, my life in the UK has been non-stop learning.
When I first came here, I didn’t know English. I didn’t know anything about business, leadership, marketing or investing. What I did have was the solid foundation that my parents gave me. They taught me to be honest, work hard, and keep fighting for what I believe in. They taught me to never give up, no matter how hard the struggle.
But just because I struggled doesn’t mean everyone else has to. This is why I want to help people and share what I know.
I want to share my skills so that you don’t have to go through these struggles, you don’t have to make these mistakes, and you don’t have to waste time, effort and resources on learning the basics.
So you can have that “head start” school should’ve given you. I want to help you learn what you don’t learn in school.
Initially, I didn’t start the whole Lifestyle Tips project with just investing in mind. I wanted to give you guys varied “success” content with business and career advice and the occasional stock review every now and then. But since the comments wanted more investing, we switched to that. Our little Investing Group on Facebook has been doing very well, and I’m really happy with the results. We’ve got a lot of successful people in there, both in the investing and the business world. I’m really proud of them all. We’ve also got some who went a bit heavier into speculative stocks, and they’re a bit worried right now because right now, the market isn’t all that great for small-cap. But as long as they stick through it and hold on to their positions, it’ll turn out well in the end.
The members who built their portfolio following my model know they’ve got nothing to worry about because we’re looking at the long term. We pick good, solid companies, and we plan for the future. And, really, this is something that all long-term investors go through. At first, I had my worries as well. But, with time, you learn how it works, and the stress just disappears.
And I’ve said this before here on this channel, but long-term investing isn’t really for the faint of heart. If you don’t have the mindset, if you’re prone to stress and anxiety, you might be better off starting with index funds.
I like long-term investing because it’s safe, largely passive, and, probably most important of all – it’s fun. Yes, that’s right. Personally, I enjoy looking at the market, researching, and analysing companies. It’s like a hobby for me.
This is why I always share my approach and overall strategies. I focus on the big picture instead of telling you, “yeah, go buy this”. I prefer teaching people how to fish instead of just giving them some fish right now. I want to show you how to succeed on your own and achieve your own goals.
But, again, this is not for everyone.
The market is always moving. Prices always change. Sometimes (like during these past couple of years), there’s a ton of volatility. Usually, the prices go up much faster than they go down. And this can really hurt a beginner.
Never sell at a loss. The longer you wait, the better.
“My favourite stock holding period is forever.”
When you buy some small speculative business, you need to give it time to grow. Patience is the key!
You only sell if you believe the company is doomed or need the money to put in some much more lucrative position. And when I say “doomed”, I don’t mean you should immediately pull out of a position just because a company had a bad quarter. We’re looking for long-term signs. Drastic changes in management, horrible decisions, massive loss of customers, stuff like that. I actually made a pretty lengthy video and blog on this subject some months back. It might sound like basic stuff, but you’d be surprised just how many people mess this up.
- Set your goals
- Do your research
- Set up your priorities
- Find a good time to buy
For example, my goal is to have my portfolio reach £1 000 000 in five years. This is obviously up to the individual. I’m a business leader, and I’ve got a lot more resources to use on investing. But the stock market isn’t just for the people who already have capital. You can (and should) start investing as soon as you’re able to. There are a lot of really successful investors out there who start while they’re still in college and manage to secure their financial independence before they even get their degree.
And even if you do have a sizable disposable income, I always advise people to start small. Just set aside a small budget for investing, follow the steps above and sit on your positions for some time. You always want to get a feel for how the market works before investing a substantial amount of money. This is very important!
Even after gaining some experience, you should not invest large sums in bulk. I use a dollar-cost-average strategy. Every month, I add a bit to my positions when the market is at its best. I feel like this is the safest and most reliable strategy for me. I never miss out on price drops, and I always have some cash on hand if I see a really lucrative opportunity and it’s largely “passive”. I don’t spend more than an hour looking at the stock market every day, and I’m free to focus on myself, my businesses and my loved ones.
And this is also why I advise beginners to try this strategy first. Because it’s safe, stress-free and doesn’t force them to spend too much time looking at the market.
Stocks vs Real Estate
I see many people looking at the real estate market, especially with the current economy. I understand why it seems so lucrative, but it’s not that great for beginners, especially if you’re working with a limited budget.
The stock market allows you to “get in” and start building your wealth even if you work minimum wage. You can comfortably get a feel for the situation, make some investments and see them grow as you’re learning. And, if you start early enough, you’ll have a decent portfolio build-up by the time you reach your late twenties.
Then, if you want to get into real estate, you can use some of those Stock Market earnings and not worry about loans or tight budget limitations.
And, yes, I’m also a property investor. I just don’t make content about it because, like I said, I don’t see it as a good option for beginners.
To my Bulgarian viewers
A lot of my Bulgarian viewers ask me how to get started with real estate investments back at home, and here’s what I’m going to tell you:
When I buy properties, I do it in the UK. Here, rent is much higher than in Bulgaria, so even if my property doesn’t sell, I can always rent it out, and I’ll be looking at decent returns relatively quickly. In Bulgaria, it will take you a lot longer to make a profit from renting, especially if you had to renovate first (which you will almost always want to do because it increases the resell value).
When you’re working with real estate, you need to do a lot of research. Even more than you do for the stock market. You need to know the area, the laws, the people and the market.
In Bulgaria, for example, you don’t have specific laws about renting. A lot of the things just aren’t defined. So, if you’ve got the bills in your name, you could easily rack up debt without even realising it. And, yes, I’m speaking from experience here, because I own a couple of properties in Bulgaria. I’ve also had a few instances of people just packing their bags and leaving before paying their rent. Sadly, there’s just no security for landlords in our home country.
The UK has much stricter laws.
I also want to share something else here. My mother passed away this year.
It was shortly after I was invited to appear on Bulgarian TV (for which I’m very thankful to Pavlina, who found me on Facebook).
This whole TV thing made my mother very happy. She was very proud to see her daughter on TV. And she was also a bit saddened that I wasn’t planning on coming back to live in Bulgaria. But I am very glad that I was able to make her happy. I would’ve never gotten this far if it wasn’t for how she raised me. Thank you, mother, for everything that you’ve done for me! I know that you’re still looking after me, and I will keep doing my best and try to make you proud!
She was very happy for me and my achievements, and she was also very proud that I focus on working with Bulgarians. This gives me the strength to continue moving forward.
Everyone gets a moment like this in their life. A moment when you just sit down and think.
And, yes, I found my purpose long ago. I want to build a better future, help people, and take care of my loved ones. But sometimes, life gives you lemons, and you just don’t feel like making the lemonade. And for me, it really made me think about the long-term, about the future.
About how precious and short our time is. I even started questioning if there’s even a point to all this wealth-building stuff. I mean, one day, we’ll all be gone, right? What would our money change?
Well, there is a point. Because I’m not just doing this for myself. I’m not doing it just because it feels good or because “I like money”.
I want to take this opportunity to point out some basic stuff about life:
- In the long term, family and loved ones are what matters most.
- The people who love and support you are more important than transitory material things.
- Don’t let the naysayers bring you down. I could say a lot about this point, but I’ll keep it short. Maybe someday I’ll make a dedicated video about it. There will always be negative people. People who don’t believe in you. People who think you’re going to fail. Don’t listen to them. Focus on your goals, keep your loved ones close and work on your future.
- Don’t be afraid to admit your mistakes. We all make mistakes. I’ve made thousands of mistakes. There’s no shame in admitting that you were wrong. It will help you feel better, and it will improve your relationships.
- Reflection matters. A lot. Spend at least a couple of minutes on self-reflection every evening. Think about your experiences and ask questions. This will help improve your life in the long run.
- Try to approach the situation with a positive attitude. Look for positive things, even in negative situations. There’s always something to learn.
Try to analyse your year.
Did you get closer to achieving your goals?
What changed for you? What can you do to make the next year even better?
- Personal development
Are you happy with your situation? What do you want to improve?
If you want to change something, now is the time to sit down and write some goals.
It doesn’t even take that long. Write down some ideas about:
- Daily goals
- Weekly goals
- Monthly goals
- Three-month goals
- Six-month goals
- One year
- Two years
- Three years
- Five years
- Ten years
Where do you want to be in five years? What about in ten years?
What do you want to achieve in the long run?
But always set aside time for yourself. This is really important. Your health always comes first. If you want to succeed, you need to be in good health. If you’re looking for things to improve in your life, this is where you start.
- Get your diet in check (and drop the junk food!)
- Get some movement in your routine (walks, yoga, stretching, light exercise, or just start going to the gym)
- Start drinking better water (you know what water I drink if you have any questions, you can always get in touch, and I’ll explain everything in-depth)
- Spend less time online (less time on social media, forums and distractions)
- Spend more time on reflection (consider meditation too)
I’m truly happy because I can do the things I want to do. I get to do what I love. I get to help people and share my experience.
And it’s really been a long journey.
When I was just starting out, I never imagined I’d ever get this far. I was born and raised in a small village in the Bulgarian countryside. I came to London all those years ago looking for work. I basically had to start from nothing and build my life here from the ground up. I learned English. Then I started my first business. Then I got into real estate and stocks. And, finally, I decided to go green. When I sit back and think about it, it really feels like a lot for just one lifetime.
But I’m delighted with all that I’ve managed to achieve. And I never imagined that I’d get recognition for my achievements, but I’m going to be honest here and tell you that this also feels great.
I never thought that I’d have articles written about me or that I’d give interviews and go on TV. Recently, I was approached by GB News. They asked me what I think of the economic situation post-Brexit. They asked me about my business and what these changes mean to me. And my daughter (who is also a business leader) is also getting interviewed.
Of course, I’m not letting this get to my head. I still have my goals, and I’m working on them just as hard as I always have.
But getting this recognition makes me appreciate my own achievements even more. The idea that my story can be heard by so many people, that they could learn from what I’ve done and use it to make their lives better. This is incredible, and I’m really grateful for the opportunity to share.
What are my long-term life goals?
I’m waiting for my grandchildren. I want to be there for them. I want to teach them everything I know, everything that school won’t teach them. I want to give them this “head-start” in life, so they can just work on themselves.
And, my second big goal is to help people.
I want to leave something behind. I want to help people. I want to touch the lives of the people who want to make a positive change.
Reading all of your messages and emails makes me so happy.
When people send me emails, it’s usually because of one of three things:
- They started a business
- They got into investing
- They improved their health
And they’re sharing their experiences and thanking me for the tips, ideas and inspiration. And this right here is what inspires me to create more content. Knowing that I’ve been able to help people improve their lives is just so incredibly fulfilling. You can check out my previous blogs such as “Investing Tips For 2022“.
I want to write more books. Publish more videos and articles. Create more courses.
So, here’s my final tip for today:
Find what really makes you happy and focus on it. And, of course, don’t forget to spend time with your family and work on yourself. Don’t rush. Take things one step at a time, but start now. Don’t put it off. Just take a piece of paper, write down your ideas and get to work. You will figure out the details as you go. But the first step is the most important. Just commit and start making positive changes.
Thank you all for being with me throughout 2021 and here’s to many more successful years together!
Recommended books for further reading:
- Think Like a Monk
- How to Win Friends and Influence People
- Zero to One: Notes on Start Ups, or How to Build the Future
- Start With Why: How Great Leaders Inspire Everyone To Take Action
- You Are a Badass: How to Stop Doubting Your Greatness and Start Living an Awesome Life