There are many reasons why people would strive for financial freedom, but none are as noble as the selfless act of helping the family. For Khalid Ahmed, the mission of financial stability was always meant to give back to his parents, who helped pay for his medical bills after spending many years in the hospital.
At the age of nine, Ahmed was diagnosed with Crohn’s Disease and went into septic shock after his diagnosis. While the experience felt like a curse at the time, he later found it to be more of a blessing. Ahmed spent most of his time admitted in the hospital rooms throughout his pre-teen years. The medical bills were stacking quickly, and his parents found it difficult to pay their mortgage while trying to balance the bills. As a result, they lost their home in Victorville, California. When Ahmed learned about losing the house, he made it his mission to ensure his family would never again find themselves in the same situation.
Because he spent most of his time in the hospital, Khalid Ahmed grew into a big introvert and recluse, but he found his place in a group of people who were also interested in computer parts, graphic cards, and video games. After school, he would flip old computer parts from when he tried to get smoother frame rates in the games he played, generating small amounts of money for himself.
Ahmed’s life changed in 2015 when a client offered a jaw-dropping price for four AMD Radeon Graphics cards. Initially, he thought the cards were for a game, but the client revealed that it was used to mine Bitcoin. After extensive research, he fell in love with the decentralized financial world.
Khalid Ahmed started using 50% of his profits to buy as much Bitcoin as possible. He took a second job at a movie theater to help pour extra money into the cryptocurrency. Although the money he put into Bitcoin was small, its meteoric rise transformed his thousands into six figures. Taking advantage of the situation, Ahmed sold some Bitcoin and gave the money to his parents, who bought a house in West Covina.
Although he had completed his mission, Ahmed continued to buy Bitcoin throughout his college days, taking his computer parts flipping business online. He later expanded into other ventures, focusing on e-commerce businesses. Initially, Ahmed had partnerships with suppliers in China. Still, once he hit his stride, he started to lease multiple warehouses in the United States to the point that he ended his collaboration to manufacture and sell solely in the United States. Eventually, Ahmed sold his pocket knife company and outdoor niche store for seven figures. He used the money to retire his parents and bought them a second home in Ontario Ranch, California.
Khalid Ahmed is currently running his weighted blanket company and computer parts company while working as an angel investor. “I continue to invest into Bitcoin and Ethereum solely and have gotten into NFTs as well,” he shared. “My most recent angel investment has been to fund a series A round for Dogpound. Dogpound is the United States’ most exclusive gym.”