Paving the way for better future returns. The solution to a stock market correction (10% drop) is often a bear market (20% drop.) It sounds odd. If investors are already upset with a 10% decline of their investments, how would losing another 10% help? But it’s all about the time horizon. historically bear market years have been followed… Read More »
Learning to build wealth – from the pros If you talk to enough successful investors you’ll find they share some common ways of thinking. I reached out to some prominent individuals on Twitter. Each has a large online following and considerable experience in their “circles of competence.” I distilled their combined knowledge into short, digestible nuggets of wisdom… Read More »
In 2008 I started out with no assets and zero investment income. All I had was a dream. 😅 Since then I’ve worked hard to make my dream come true. And today I have 3 real estate properties, a growing stock portfolio, and a 6 figure investment income. In today’s post I’ll break down all the ways I… Read More »
I don’t trust millionaire florists. They’re always running some kind of pansy scheme. Fortunately there are more legitimate ways to build wealth. I recently watched a YouTube video where a young realtor in California named Graham Stephan explains how he became a millionaire in his 20s. He says just about anyone can become a millionaire in 10 years… Read More »
Actionable Advice – From Rags to Riches I recently came across Quora contributor Kevin Yue’s response about the best financial advice he had ever received. The surprising answer comes from his dad, who escaped to the U.S. as a broke, war refugee. Over time Kevin’s dad turned his life around and eventually became part of the top 1%… Read More »
When Average Isn’t Enough Everyone knows that exotic dancers are bad at investing. After all, they always end up losing their shirts. 😆 But they are not alone. Most people in general are simply not very successful at investing. According to BlackRock, the largest financial management company in the world with nearly $5 trillion of AUM, the average American investor managed to make only… Read More »