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A sophisticated investor knows three E's.
A movie star can have excess cash but lack the first two. There are many people with right education, but they lack experience and without real life experience, they often lack the excess cash.
Achieve those three items and you will a sophisticated investor.
115
1.55K reads
"The only reason I built businesses was so l could invest in the investments of the rich.
The only reason you build a business is so that your business can buy your assets.
Without my businesses, I could not afford to invest in the investments of the rich."
112
1.29K reads
If a person says, “Money is hard to get,” it will probably be hard to get. If a person says, “Oh, I’ll never be rich,” or “It’s really hard to get rich,” it will probably be true for that person. If a person says, “The only way to get rich is to work hard,” then that person will probably work hard. If the person says, “If I had a lot of money, I would put it in the bank because I wouldn’t know what to do with it,” then it will probably happen just that way.
111
1.17K reads
When it comes to money and investing, people have three fundamental reasons or choices for investing-to be:
All three choices are important. The difference in one's life occurs when the choices are prioritised.
Most people dream of becoming rich, but it is not their first choice. Their first choice when it comes to money decisions is security. Second is comfort and third is to be rich. That is why most people make job security, their highest priority. After they have a secure job or profession, then they focus on comfort. The last choice for most people is to be rich.
116
1.07K reads
One problem is not enough money. The other problem is too much money. Which type of money problem do you want?
102
1.11K reads
106
927 reads
99
810 reads
IDEAS CURATED BY
CURATOR'S NOTE
The rich don't work for money. They know how to have money work for them.
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