Ideas from books, articles & podcasts.
At some point, you've acquired enough wealth so that you're only moving around your resources. You will generate value and cash by selling one stock and buying another, or selling land and buying a cash-generating asset.
Successful investors put their wealth to work so that it will not only benefit themselves, but will have an impact on the economy, jobs, and lives of other people.
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The foundation for every personal pursuit in life is to invest in yourself. It can take years. How you can do it:
It is anything that will increase your wealth without personal labor.
Once you have ideas, you want to put your ideas to work. If you do that, you can start creating value. When we create value, we generate income.
During the pandemic for example, most restaurant owners had to focus on other ideas to generate income. Building wealth...
Once you've acquired some wealth, you want to protect that from external factors.
You want to keep your assets safe from legal institutions and ensure you don't pay more tax than required. You will have lawyers and accountants to take care of these items.
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Know your income, your expenses, how much is earmarked for additional expenses and how much for other financial goals.
Investing is about 9 percent theory, 1 percent execution and 90 percent emotion management.
Not everyone becomes a multimillionaire, at least not in the short run. The good news is that there are a lot of financial opportunities in the world, and it is possible to build we...
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