Acquire Capital, Invest Creatively
Issue 15: Taking tiny steps to start investing without being a millionaire
A few years a friend of mine introduced me to someone who found success in tech for mentorship. A younger version of me was so captivated by the conversation and learned so much. At the end of our coffee chat, I asked what the best piece of advice they can give me in my career.
“Acquire a lot of capital,” they responded.
As in...get a lot of money? Why did I not think of this!?
This can be very tone deaf if it didn’t come from this person, who was completely sincere about it. They meant capital as a portfolio of value assets that, and put all your energy there.
Inspired by the many mentorship conversations over the years, I wrote a personal mission statement and posted it on Twitter:
Empowering humans to achieve their dreams through design, angel investing, and education.
You can start the aspirational journey immediately through taking tiny steps. I didn’t need to begin as a university professor to get started on teaching. Instead I found a part-time opportunity to teach design.
I began my early journey as an angel investor this month and backed two startups I'm excited to support. My motivation isn't making money. In fact, you should expect to lose money in angel investing. I love this stage of investing because it's higher risk and I enjoy it as an option for your investment portfolio (think cash, real estate, public trading stocks as other examples of a person's full portfolio).
I'll share my experience thus far, not as financial advice or telling you what you should do with your assets, but in hopes of sharing insights. The first thing to share is that I don't spend a lot of money on anything else. Aside from essentials, travel (pre-pandemic), and a few random electronics and outdoor activities, I live a simple lifestyle and the majority of my spend now goes in savings with 10% of my income going to investing. I believe investing is not a representation of how much wealth you have, rather where you allocate it.
Low-key investing is a creative outlet for me and a way to give back. It gives me the opportunity to work with creatives and entrepreneurs (primary goal) while having a potential return through high volume investments (secondary goal).
If you're considering investing there are a few aspects to know about yourself:
Understand why you want to invest
It’s important to understand why you want to get into investing. For some, it can be a lifestyle with little involvement, which I personal don’t vibe with. For me, I invest in companies as a way to put my money where my mouth is to make myself available to them.
Decide on what to invest
Identify what type of investments you want to make. Is there a specific category you want to focus on or do you prefer to go broad across multiple areas. I'm in the midst of developing an investment thesis, though here are a few things I look for:
Companies that focus on creative tools or personal growth
People working on books or magazines
Independent films and documentaries
Build up your investment portfolio
Whether it's a zine, buying a few shares of company stock, funding a startup, or supporting an artist, build your creative investments by starting small. As you identify goals in life, take tiny steps to build up experience. You don't have to have millions of dollars and be a venture capitalist overnight. The trick is building momentum.
What is something you can begin investing in? Is there a way for you to start contributing or building up capital? Write five ideas of how you can start a creative investment portfolio.
Take tiny steps in making investments and remember, acquire a lot of capital.