Thursday, February 13, 2014

Wealth From Scratch - Rags to Riches

What can you do to generate real wealth? Let me give you some ideas.

- Borrow at a low interest rate and invest at a much higher interest rate.  You can also borrow the currency that is or you believe will decline in value. If your investment appreciates as the currency drops in value, this is a good thing.

- Do people ask you to do work for them or offer to pay you to do something you are good at?  Maybe you should start working for yourself. Keep an eye out for mooches and cons who want you to take shitty jobs for low pay.  Mooches will deliberately lie on message boards and other sites.

- Start researching tech and biotech stocks.

- Turn your blog or other writing into a paperback book.

- Get certified to do specialized work.  This is probably better than getting a degree.

- Invest a percentage of ALL money you earn no matter what.  Do this for a decade and I bet you'll be pretty happy with the results.

- Get in a MasterMind group, whether a permanent one or a hastily thrown together one and learn firsthand a new skill that makes money.  Give something in return.

- Throw your whole self into your passion.  Be unreasonable.

- Learn about options strategies, like the Iron Condor.  Talk to people who buy options rather than people who don't invest at all.

The Soil Doesn't Care What You Plant

Plant the seeds of an abundance of good things.

Earl Nightengale tells us the soil doesn't care what we plant.  So plant what you desire in your mind and in your waking life.  Plant nothing and nothing is what you get.

Plant the seeds of financial independence.  Do this buy getting all the work done you can and investing some of the proceeds into well chosen stocks, a rental property, precious metals, equipment that helps you make money, foreign currencies... spread your money around.  Don't be rushed.
Study and choose the best investments.

Have the courage to tend the garden where you planted your seeds.  Things won't always go right, but stick to it. Keep planting the seeds of what you want and pull the useless weeds.

The useless weeds are negative thoughts and attitudes that prevent you from sticking to your goals.

Use a MasterMind group to keep yourself courageous, industrious, and accountable.

Do it!