Hey Kid!: Wanna Own Great American Businesses?

By Patrick J. Keogh

You're never too young to start making money. And if you want to make a lot of money-I mean A LOT of money-you start young. And it's easy. All you have to do is buy great American businesses.

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• Language: English
• Publisher: Stonebrook Publishing
• Release date: Aug 9, 2021
• ISBN: 9781737031260

Patrick J. Keogh

Patrick J. Keogh was born, raised, and educated in the Bronx section of New York City. His parents, Mom and Pop, were immigrants. They arrived in the United States separately, but on the same day, in the middle of the Great Depression. The Depression was the one time in U.S. history when more folks left our country than arrived. Those people had given up on the United States. Bad mistake. Mom and Pop knew the U.S. was the place to live, work, prosper, and create their family. Mom and Pop made a big investment in the United States, but they never owned a stock, a business, or bought a house. They didn't come here with much of an education, but they insisted that their children get an education. All their children went on to become business owners, and they all do very well. This book is about what one of their sons, Patrick, learned about investing in the U.S. His Mom and Pop made the first big investment in the U.S. by leaving their family behind to create their future here. Patrick built on their lesson and invested in the United States, too, by buying great American businesses. Patrick made lots of mistakes in his investing experience. He thinks he knows how to successfully invest now, and this book is about the lessons he learned along the way. He taught them to his children, Matt and Erin. He and his children are teaching those lessons to his grandchildren, Brianna, Victor, and Finn. This book is about those lessons. On January 1, 2021, Matt and Erin jointly took over managing the family's businesses, applying the lessons learned in this book and Make Your Family Rich: Why to Replace Retirement Planning with Succession Planning.

Book preview

To Annie and John Keogh (Grandma and Pop),

the best investors ever

Hey Kid!

Wanna Own Great American Businesses?

Patrick J. Keogh

Stonebrook Publishing

Saint Louis, Missouri

A STONEBROOK PUBLISHING BOOK

Copyright ©2021 Patrick J. Keogh

All rights reserved. Published in the United States by Stonebrook Publishing, a division of Stonebrook Enterprises, LLC, Saint Louis, Missouri. No part of this book may be reproduced, scanned, or distributed in any printed or electronic form without written permission from the author.

Please do not participate in or encourage piracy of copyrighted materials in violation of the author’s rights.

Graphic illustrations by Holden Flores

Library of Congress Control Number: 2021909570

ISBN: 978-1-7370312-5-3

eBook ISBN: 978-1-7370312-6-0

www.stonebrookpublishing.net

PRINTED IN THE UNITED STATES OF AMERICA

Contents

Introduction

1. It’s All About Owning Your Own Businesses, Money, and Math

2. Investing—That’s YOU Owning a Business

3. The Investment Approach

4. Don’t Be a Gnu

5. Your Advantages in the World of Owning Businesses

6. The Turbo Magic of DRIPping

7. Understanding Your Businesses and Promoting Them

8. Education is Important!

9. You Are What You Watch, Read, and Do

10. Go Ahead and Scratch That Itch

11. How to Get Started

About the Author

Introduction

This book is about how you can own your very own business. Make that businesses—businesses you already know. That’s right, you know them! How about McDonald’s? You can own that business. Maybe Coca-Cola is a favorite of yours. You can own that business too. Or you might like Pepsi better. You can own that business. Do you and your family shop at Walmart or have them deliver stuff to your home? You can be an owner of Walmart. Target could be yours too.

I’m going to tell you how you can own these great American businesses, many others you see every day, and where you shop too. Some of the money those shoppers spend can be your money. This book will tell you how to make that happen.

You’ve probably heard people talk about playing the stock market. Words are important, and you don’t want to use those kinds of words or think like that. When you use words like playing or betting on the market, it affects how you think. I won’t be talking about playing or betting. I’m going to tell you about owning very valuable and important American businesses. Buying businesses is not a game, and it’s not gambling.

You’ll buy businesses, and they will become your businesses. I’ll show you how, over time, the amount of the businesses you own will grow, and I believe that will make you rich…very rich. It’s good to be rich, but it’s not so much about the money and the things it can buy. It is about the freedom money gives you to do the important things you want to do. Maybe you’d like to own your own jet one day. You’ll need a lot of money to do that, and when you buy businesses now and add to them over