Expert Professional Advice

All investing and speculation is an attempt to beat time. Your money could be compounding in a safe investment at a low rate of return, and with enough time, you would be rich – guaranteed. You wouldn’t have to waste time picking the right stock or the right group of stocks, or the right fund. You would just compound your way to wealth using your greatest asset: time.
Pick a stock that advances a hundred points and if you’ve put enough money in that stock you will have beaten time. I say, even if the stock doesn’t move that many points, if you have enough shares, you will have beaten time. Or join a company and get thousands or perhaps a million stock options, and the share price advances significantly, yet again, you have beaten time. Time is reliable, it is an asset, anything else we do is an exercise in attempting to beat time… and we mostly suffer from it. Funds don’t multiply in wealth… I see no reason to bother with them… a little of this and a little of that doesn’t beat time, stocks have a chance but they don’t work for most people because they need the stock to run a hundred to a thousand points, they need to have the guts to hold it for this to happen, or they need the guts to own more shares, thousands upon thousands of shares so that the stock price only has to move a lesser amount, perhaps ten, twenty or thirty points, in order for wealth to be created.

An investment recovery plan is necessary. You didn’t know you needed one? Yes, here is a nice straight forward book that reviews how almost the entire investment industry is a scam. How people are losing billions to the mutual fund and brokerage industries.

Onward we go to not being ashamed for our monetary mistakes in the chapter on No shame, no blame. You are not on sale is a chapter that reminds us not to discount ourselves regarding our time and fees which is generally more applicable to those folks running their own business. This topic has been discussed in books by other authors. Eight qualities of a wealthy woman: Harmonious and balanced, courage, generosity, happiness, wisdom, cleanliness, and beauty.

When we make decisions we sometimes do not act in our own best interest. Some of us develop a habit of not acting in our own best interest. This is precisely where most guru books fail. No matter how logical the argument, people don’t make decisions purely based on logic. Imagine what’s possible? That’s the answer? If you imagine that our money is an extension of ourselves… and I don’t know precisely how that can alter our state of being for the better, perhaps that leads to concluding that being in control of our money is simply knowing what to do and what not to do. I find that more acceptable. Yes, we need to know what not to do with our money, how to use it, and then to be able to act on the knowledge/training. No matter how much you learn there is no comparable value until you can implement methods on your own behalf, so another book on managing your finances just isn’t going to help if you cannot act.

The more books you read about becoming rich, the further off you get from the task or path to tapping into the market. Come to think of it, I’ve never heard anyone say that their wonderful business idea, which generated over seven figures in income ever came from a book. Successful business people don’t recognize books as the catalyst that propelled them into millionaire status. Authors lie, after all, they are making their income from selling answers, not actually having answers and building great businesses. They sell hope in print. The truth is, even if good ideas aren’t scarce, implementing that million dollar idea is another matter. And what these so-called success authors miss out on is that it takes sheer ambition to move against the crowds. If you are constantly in the crowd you’ll go where crowds go, read the same kinds of crummy books the crowds read and pitch your tent in the same success camps. It enriches the originator but not the follower. And this leads us back to the great idea, I say, it’s not even necessary to have your own great idea, a great business is built when you have the sense to take a great idea from someone else and implement into the marketplace. That idea isn’t worth anything until it’s tested. While the idea originator might have had one application for the idea, the value you bring will be in your application/method of approach into the market, which may differ from the original, but might be the better fit. Throw away these supposed code cracking books to wealth… for those with a keen eye, the vault isn’t even locked, so looking for codes is wasted time.

Rich and poor are concepts, representative of a number of factors, including luck and thought process. A lot of books cite the differences between the successful and the unsuccessful. It does us very little good, success comes in many forms, from a variety of sources, and studying people that have attained wealth in order to promote their chosen path as the common person’s way to wealth is distracting. There are many ways to succeed, limited only by our thought process, the next batch of millionaires won’t arise from studying millionaires, they will arise from discovering things, and implementing their experimental ideas in the marketplace. In other words, they’re wealth will arise from things or thoughts that aren’t in the minds of the already rich. What they bring to the market is off the mainstream radar, and they may obtain financial rewards for things that simply haven’t been thought of or acted upon. Books about creating wealth from studying the efforts of the already rich miss the point – they talk about real estate because a traditional mentality thinks real estate builds wealth due to some people having had success with it as a method to generating passive income. Second Life, the online community, changed my ideas about income generation, there are people in Second Life that bought virtual property within the game and now rent it out to other players. If this is producing all the benefits of stable income generation without actually having all the traditional problems of real estate then it is a superior method of income generation. Real estate, like anything else, is for fools and misguided individuals when there are supremely better alternatives. Real estate works because of a combination of leverage, tax breaks, depreciation, and the ability to borrow money to obtain it. Almost anything is a good investment if you can borrow money and put it into something reliable that earns you a higher rate of return that what it cost you to borrow. And the fact that information, when properly used, produces income seems to elude most people. There are businesses that people started that don’t seem to require a lot of capital, and yet, some of these individuals are earning a great return, above real estate, above traditional investments, and going where current millionaires have yet to go or are even knowledgeable about. That’s how ordinary people achieve extraordinary success.