Julie Gamboa went to the University of California where she studied entrepreneurship. After the first degree, she attended Harvard University for a Masters Degree and later on went back to California University for Ph.D. in Entrepreneurship.
Her vast knowledge in matters business is a right reflection of how much she values business. In her early years after completing her Degree, she joined a bank in Chicago where she worked for ten years as she pursued her Masters and Ph.D. Degrees. She was promoted to the rank of a regional bank manager later on after rising through ranks over time.
After the 25 years of faithful and diligent service, she quit the job to pursue her ambitions. The experience she gathered at the bank was so fascinating to help her synthesize a lot in the world of business and self-employment.
If you listen to Julie Gamboa speak, you will learn that she values self-employment over being employed. At times, she wishes she would have quit her job in the first few years of service at the bank because she had already learned a lot from her customers. There was a significant difference between the self-employed and the employed’s statements of account.
The self-employed had more transactions and active accounts than the employed. The diversity in annual income was also by a considerable margin. There is no harm getting employed, but your service has to be objective. During Julie’s Ph.D. Julie Gamboa carried research on how people live after their active working years.
In her research, she concludes that 40% of the people who worked to their retirement age died in less than 15 years after retirement. While those who were self-employed, 80% of them lived more than 25 years after the retirement. The next question is why this significant difference yet they all have something to spend?
For some common reasons, little money to spend and lack of money is the number one killer disease. The type of strain that comes with the uncertainty of the next income puts too much pressure on the retirees that they begin to develop old age complications earlier than they expect.
Saving The World From Early Death Through Entrepreneurship
The solution Julie Gamboa provides to the world is the alternative ways of getting off your work in style. Ideally, it is not about quitting your employment but “quitting” your job. Primarily, life has to move on long after you get out of the regular work. That is the point at which many people have to take a keen interest.
The difference between quitting in the above paragraph is this. One, you may choose to start your business (es) early in life, and then leave your job later after it has taken shape. That means you will give it more attention and grow it the way you need.
Two, quitting may be passive. It means through your journey of being employed; your business will be running somewhere. Julie Gamboa prefers this kind of approach especially if you love your job and you are not willing to quit it. Having a running business ushers you out of business in style. You get occupied after being busy for three decades plus, but this time at your pace.
Julie Gamboa quit her job at the age of 48 years. By then, she had founded her textile industry. By the time she was leaving she was already wealthy. Her business was worth $800 million US dollars. She had an average employment roll of 3,000. That is a perfect example of quitting your job for your business.
Ten years later, the textile had bred wings of expansion to other countries. Julie Gamboa also got involved in the food processing industries. She exported meat to other countries. Many farmers have benefitted from trading with her. Apart from just buying from the farmers, her company offers loans to the farmers who cannot meet the production standards.
Her journey of entrepreneurship goes a long way. She walks the talk. Last year (2017), Julia Gamboa launched another program on entrepreneurship. The program targets the people above the age of 35. The idea is to sensitize them on the benefits of having a safe landing from work after full service on employment.
Other Works of Julie Gamboa on Entrepreneurship
In the recent past, Julie Gamboa has been in the world limelight advocating for entrepreneurship-related subjects to be involved in the school curriculums in different parts of the world. Her primary target is the developing countries.
From the study Julie Gamboa conducted, it clearly shows how much people in the developing countries need more empowerment in creating diversity in the economy. Many people live in abject poverty because of the high cost of loans and poor financial management skills.
Due to these circumstances, the majority of the population ends up in stress-related diseases and conditions like depression and other psychotic conditions. A good example is the Philippines where 2000 plus deaths on record are due to mental illness are men.
Reports further show that the men who passed on were either in family challenges or economic crisis. Of those who were in family issues, 60% had suffered divorce because of financial constraints. Therefore, all these situations come back to economic challenges which could have been kept at bay if they had diversified their sources of income.
What additional sources of income will do, are what your salary cannot sufficiently service. You will be able to afford the luxury which will keep your family happier than the basic needs do. You will be in a position to accelerate your personal developments and find rest before your retirement age.
Above all, your debt risk will go down. Anytime you work on a low debt; you tend to find satisfaction and have a less stressful life. Julie Gamboa has so far moved to 13 African countries and initiated programs that will help the citizens to adopt a saving lifestyle in their early ages of employment to enable them to invest appropriately.
Apart from the great work Julie does, she is a family lady married to Johannes. They have three children who are all lawyers and business people in Chicago. They have invested in food industries, paper milling, and car export and import services.