Update: Tim is now up over $200,000.
The other day I ran into a Quick Sprout reader, Tim Grittani, and he was telling me how he turned $1500 into $128,500 because of Quick Sprout.
I immediately asked him how he did that, and he explained it was by trading stocks. At first I thought he was pulling my leg because I don’t blog about the stock market.
So I decided to dig a bit deeper into his story…
The early life
Tim was raised in Chicago and he spent a large portion of his life watching his father run his own business. He grew up in a middle class neighborhood because his dad’s business did well, but he didn’t get to live an extravagant life because his parents didn’t make hundreds of thousands of dollars each year.
As he was growing up he wanted to figure out a way to make lots of money, so he started to learn about entrepreneurship. But due to lack of capital and knowledge, he didn’t start a business.
Eventually he came to the realization that the best way to learn about entrepreneurship was to first attend Marquette University and then figure out things from there.
The college life
While in college, Tim started to look for easy ways to make money. One of the avenues he saw a huge opportunity in was gambling. He started learning about all forms of gambling and eventually got addicted to it.
From poker to sports betting, he did it all. And one point he got lucky enough where he made $9000 from a sports bet. But sadly it didn’t last long and over the next year or so he lost all of that money from bad bets.
It was at this point that Tim realized that he needed to quit gambling and focus on learning about his two passions in life… finance and entrepreneurship.
One day, he was talking to one his friends about creating a business, and his friend turned him onto Quick Sprout. So he started reading every blog post on Quick Sprout in hopes that he could learn about entrepreneurship and potentially meet some people through the Quick Sprout community that he could partner up with.
The Timothy Sykes era
A bit more than a year ago Tim read a blog post on Quick Sprout on how I talked about another entrepreneur by the name ofÂ Timothy Sykes. Naturally, Tim clicked through to Timothysykes.com and learned about hisÂ Millionaire Challenge program that taught people how to buy and sell penny stocks, which are stocks that are under 1 dollar.
The Millionaire Challenge program teaches you how to spot stocks that are about to breakout. Once you spot them, you buy those stocks, and then you sell them before they peak… which the program also teaches you about.Â Tim thought it would be worth giving a shot, so he decided to signup for it.
Turning $1500 into $128,000
Tim Grittani spent the next few months learning from Timothy Sykes on how to trade stocks. After he felt that learned enough he wanted to start trading, but there was one big issue… he didn’t have enough money to open up a brokerage account.
The brokerage account he wanted to use required a minimum of $12,500, but he didn’t have that much money. So he reached out to his friends and family and borrowed the difference.
But there was 1 big stipulation that his friends and family gave him…
Tim wasn’t able to trade with the borrowed money, it had to sit in the account. He was only able to trade with his portion of the money, which was $1500 at the time.
Because of his limited capital, he decided that he was going to focus on buying penny stocks. He didn’t want to mess around with expensive stocks like Google or Apple as he didn’t have enough money.
Within the first 6 months of using what he learned in the Millionaire Challenge program, he made over $40,000. At one point he even made $11,000 in 15 minutes. He bought the stock AGRT at 40 cents and sold it at 70 cents… all within 15 minutes.
Over the next 12 months Tim is on track to making even more money… $250,000 in profit. So far things are looking good and he is already ahead of schedule. The Millionaire Challenge program has worked out so well for him he went to the Maldives with his mentor Timothy Sykes and is now starting to enjoy the finer things of life.
He also realizes that although he is doing well, he needs to continue to improve upon his financial education as things change over time. So to improve upon his education he isn’t just reading what he can find online, instead he is focusing a large portion of his time networking with other traders as that is providing him with more insights than anything else.
There are 2 main points you should learn from this story…
The first is to take action. There are a lot of people who give advice on how you to can make money. But very few people take action on it because it requires a lot of work.
For example, Tim tried out Millionaire Challenge program because he found out others were making thousands of dollars from it. But yet most people ignored it as it isn’t quick and easy money, it requires you to be willing to put in the time and effort.
Whether it’s the Millionaire Challenge, or advice on how to startup a blog or online business, anything worthwhile takes time and hard work. So don’t be afraid to take action and work hard, because if you don’t, you won’t get great results.
Secondly, if you want something bad enough, go out there and fight for it. Don’t ever give up! Not everything works out the way you expect, but if you keep trying sooner or later you will do well.
For example, Tim didn’t succeed at first with gambling, but he eventually reached his goals through the stock market. And I also didn’t succeed at first… I was in the hole a million bucks before I really started to make money. It took me 4 years before I really started to make good money.
What other lessons can you learn from Tim’s story?
Disclosure: I know many of you have stated in the comments that I am getting paid for this blog post. To set the record straight, I am NOT getting paid to write this blog post, nor am I using any affiliate links. I have helped Tim in the past with his marketing for free, I don’t get paid by him through gifts, money or even stock advice.I genuinely wrote this post as Tim Grittani’s story inspired me and I was hoping it would inspire you too.