Charles payne wife picture10/4/2023 Upon graduation, he had a wife and kid and $1,000 to his name. While enlisted, Payne enrolled in college and completed his degree. He bought his first investment, a mutual fund, at 17, signed up for the Air Force that year as well, and then shortly after his 18th birthday went to boot camp. It took me a long time to learn what was going on."īy the time he was 14, Payne told his mother he was going to work on Wall Street. If people could go back and look at what the old Wall Street Journal used to be - it was just a bunch of tables and lines and no explanations. I think we all think of Wall Street when we think of money, so I started reading The Wall Street Journal." That's when I thought of the stock market. ![]() I felt a responsibility to bring in the money we needed as a family. We were so poor that I started really thinking about money - and I had never thought about that a single day in my life until then. "I started cleaning windshields at stoplights and eventually got a job at a bodega, which was great. "I did any kind of hustle I could," Payne says. But he wasn't willing to wallow in self-pity, so as the oldest child, he stepped up and began working to help support his family. He recalls stepping over addicts on the sidewalks on his way to and from school. Payne says that poverty and violence were the parts that really stuck with him. Related: Don't Let Emotion Undermine Your Investment Decisions Up until this point, I thought every place came with a fresh coat of paint, heat, hot water and the things that most of us just take for granted." Payne admits he was naive, and when his family got their first apartment after the move, they went through their first winter without heat or hot water: "I never thought about where heat or hot water even came from. And the other part of that was the financial challenges." "I immediately saw the harshness and the poverty and the frustration. "Growing up on military bases, particularly in the '60s and '70s, shielded you from everything that was going on in the world," Payne says.
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