MORE IDEAS FROM THE ARTICLE
We have grown up to see money as the tool of evil for corrupt individuals. However, more than 60% of millionaires are self-made. They started from 0 and built their empires one brick at a time.
This includes people like:
They worked hard, on problems that affected millions. And they came up with solutions that scale.
You are paid in proportion to the perceived value of your work. Not based on how hard you work: A handyman may work hard, but his work is easily replaceable so he will make less money than a lazy accountant.
The most valuable employees are the ones working on the biggest problems. The richest people are those who solve a problem for billions.
If you want money, stop chasing money. Look for big problems and come up with solutions. The market will reward you generously.
Money is just a belief. A number on a screen. What we want is the feeling of freedom: The ability to do what we want, when we want it, without having to think if we afford it or not.
The Buffett Indicator is the ratio of total the United States stock market valuation to GDP. It is said to be the best predictor of market corrections or crashes.
As of May 6, 2021:
Historically, when the stock market went above GDP by 50-100% it crashed, going below GDP. 2021 is the year in the last 100 years when the ratio was over 2x the largest stock market in history.
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