The average Joe wants to make a million. The reason most average Joes do not, is they all copy their fellowman’s fearful behaviors. The secret to becoming a wealthy individual is choosing to do what others do not. There are some ancient tricks to becoming extremely wealthy. Here are five. The challenge is doing all of them consistently.
1. Choose to suffer and do what we do not want to do regularly. This trick comes from the ancient Proverbs of King Solomon, supposedly one of the wealthiest and wisest men who ever lived.
2. Ignore popular opinion. The popular religious author A.W. Tozer once observed, “The masses are always wrong.”
3. Warren Buffett, the billionaire chairman of Nebraska conglomerate Berkshire Hathaway, has this to say about investing, “Be fearful when others are greedy and greedy when others are fearful.”
4. Abide by the law. Be honest, don’t steal. Those who do so eventually get caught by the government.
5. Another good Buffett quote, “I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society I was born into. If I’d been born into a tribe of hunters, this talent of mine would be pretty worthless. I can’t run very fast. I’m not particularly strong. I’d probably end up as some wild animal’s dinner.” Humility is the best teacher.
Martin Lustgarten is an investment expert with dual citizenship in Venezuela and Austria. It is his desire to help the public learn how to spread their wealth between multiple portfolio baskets, in order to better protect their future. He wants to serve as an example for other investors to follow as they preserve their financial futures.
Martin Lustgarten thinks that retirement is an important goal. Martin wants to help investors wisely plan for their retirement using financial tips from the best investors in the past and present. Martin believes that it takes expert investment advice to succeed, and that is what he is here for.