Since I was eight years old, my main interest and prospective career has been working in finance. More recently, I’ve been getting more interested in cryptocurrency, financial independence (which is not a career but a way of thinking about money), and business. Through my business, Investing For Kids By Kids, and from my parents and people around them, I’ve noticed a few traits that these people have:
- Good communication. This seems to be the most important for all professions mentioned above, and in general. If you’re working on a trading desk, you need to be able to communicate and speak the language of your fellow traders. If you’re a programmer working in crypto, you need to be able to communicate to your fellow programmers so that you don’t encounter bugs. If you’re managing a team (like my parents are with their business) you need to be able to communicate with people so that they don’t quit.
- Analytical ability. You need to be able to analyze data and make data-driven decisions. If you’re on a trading desk, you need to be able to analyze the markets and make fast decisions accordingly. If you’re managing a business the way that my parents do, you need to be able to look at the KPIs and ROCs to get to the larger issues in the business. If you’re working in programming, you need to be able to understand the way the program works very well so that there are no bugs.
- Financial literacy. Needless to say, this applies to finance, crypto and business in such obvious ways that I don’t need to mention them here.
- High quality thinking. In trading, this is especially important in the short term. In business and programming, you need to have good mid to long-term thinking. As Brent Donnely put it in Alpha Trader, “The essence of high-quality thinking is to be curious, be open minded and seek evidence.” Relying on your System 1 (fast, low quality) thinking can lead to mistakes, but if you’re able to turn on your System 2 (slow, high quality) thinking, then you’ll make better decisions.
- Good mindset. Having a good mindset seems to be very important. The people I know who work in sectors that I’m interested in have an incredible growth mindset. Having the overwhelming desire to learn about new things will lead to me studying something for weeks. This is a balance between having a healthy interest in something, and having shiny object syndrome and forgetting about priorities.
Right now, my talents are programming, writing, and (primarily) finance. I also think that it’s fair to say that I have a growth mindset. I’m a voracious reader and am constantly interested in learning. One of my weaknesses is the math side of analytical ability, which I am currently addressing by working on getting a year ahead in math.
School has primarily helped me with good communication, the math side of analytical ability, and my teacher helps me with my mindset. School also provides the basic academic skills (reading, writing, math…) that will help open up doors for me. I also have to check boxes to pass through grades, which will get me into a university, which will allow me to develop and polish my skills.
In conclusion, I can see myself in 20 years definitely working in either finance, business, or both. I actually think it’s more likely that I’ll work in crypto, but right now I am totally obsessed with it so I might be a bit biased.