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A Coffee Meet with Yegor Zaye: Insights on Substack and Investing
"From Coffee Meet to Financial Inspiration: Unveiling the Path to $1 Million"
"Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it." - Albert Einstein
Dear Finance Chronicles Subscribers,
Today, I'm excited to share a memorable encounter I had recently with an inspiring individual named Yegor Zaye, the brilliant mind behind the renowned Substack newsletter, "From $100K to $1M" & More.
In December 2020, Yegor embarked on a remarkable journey, vowing to transform roughly $100,000 into an impressive $1,000,000 within five to ten years. Since then, his newsletter has amassed thousands of subscribers, and he has been graciously sharing his investing insights and experiences with a growing community of like-minded individuals.
During our two-hour coffee meet, I had the privilege of delving into Yegor's invaluable wisdom, and I couldn't wait to share some of the key takeaways with all of you:
1) Consistency: The Key to Success on Substack
As we discussed the rise of blogs and newsletters during the COVID-19 pandemic, Yegor highlighted a crucial aspect that sets successful creators apart - consistency. While many started strong, only a few remained steadfast in their efforts post-COVID. Yegor's unwavering dedication to consistently delivering valuable content has been fundamental to his growth and success on Substack. So, let's remember, if we stay consistent in sharing knowledge and insights, we too can make a meaningful impact on our audience.
2) Navigating the USA Markets: Seeking 15-20% CAGR
Yegor's investing strategy revolves around low-risk opportunities, which has allowed him to achieve an impressive 15-20% Compound Annual Growth Rate (CAGR) in the US markets. His success showcases that with careful research and strategic investment choices, attaining favorable returns in the stock market is indeed feasible. While risks are inherent in investing, Yegor's disciplined approach serves as an encouraging reminder that prudent decisions can lead to long-term gains.
3) Finding Inspiration in Phil Town: The Accessible Form of Warren Buffet
Yegor expressed his admiration for Phil Town, a prominent figure whose teachings on value investing and financial education have been a significant influence on his journey. Like many of us, Yegor sees Phil as the accessible form of the legendary Warren Buffet, inspiring a new generation of investors to dive into the world of finance. Remember, finding mentors and role models can guide us on our path to success.
4) Building a Diversified Portfolio
With around 20 stocks, each representing 5-10% of his portfolio, Yegor demonstrated the importance of diversification. Balancing risk across various assets can mitigate the impact of market volatility and position us for steady growth. His long-term vision aligns well with the investment principles of patience and persistence.
5) Setting Ambitious Goals: Aiming for $1 Million by 2030
Yegor's determination to reach $1 million in his portfolio by 2030 is a testament to the power of setting ambitious goals. As of July 3rd, he has already reached an impressive sum of $289,711.73, showcasing the potential of focused dedication and long-term planning.
Screenshot from his recent published newsletter.
I am deeply grateful to Yegor for generously sharing his valuable insights during our meet. His transparency and genuine passion for helping others achieve financial success are truly inspiring. To express my appreciation and pay it forward, I encourage all of you to subscribe to Yegor's newsletter "From $100K to $1M" & More via the link below:
As we continue on our financial journeys, let's remember the wisdom we've gained from Yegor's experiences and work diligently towards our own goals.
Wishing you all financial prosperity and success,
The Financial Chronicles