WE WANT TO AMASS WEALTH
Wealth may mean different things to different people. To some it may mean achieving financial independence, to others boosting their net worth and so on. Wealth creation starts with investing. Investing is all about making money work for us. But we often keep wondering “What’s the best way to create wealth” or “What is it that would make us rich”.
Wait there’s a difference between the two. Sounds Crazy? But that’s the reality. Being rich means having more money but being wealthy means having sustainable wealth. You might have heard “Get Rich quick” but you would never hear “Get Wealthy Quickly”.
What do you want to be “Rich or Wealthy”!!
SAME GOAL WITH VARYING FOCUS IS IT YOUR WAY ?
In this “Get Rich Quick” mission we all have one goal which is to “Make the most out of our Money”. And the primary benchmark of success in this mission is “Best Returns”. Be it any asset class such as gold or silver or real estate or equities or otherwise.
Every asset class has a cycle wherein it goes up, reaches a peak and sees a correction. People often mistake rise in any asset class as perpetual and presume it as the “Best way to make money”. But their focus shifts when it sees a correction and no longer meets the success benchmark (Returns). Time and again it happens with every asset class and the focus of an investor varies thinking ” That was a mistake, it’s right this time”. Stop running after Best as nothing stays best forever, it keeps on changing.
Stop chasing the best as it keeps changing
Focus on what matters & make things happen!!
WEALTH CREATION IS NOT A SMOOTH RIDE
It’s amazing to see people amassing wealth through investing and it seems really simple to do so. Indeed it is!! But it’s SIMPLE NOT EASY. By far equities are the best tools to create wealth but are often perceived as risky. Yes they are but for those who invest in it to “Get Rich Quickly”. Our natural tendency of looking for patterns, comparing things or seeking safest options are some of the biggest hindrances in wealth creation.
People who stay calm and composed when everyone around them is freaking out are the ones who create wealth. If you look at the history, you’ll see that wealth was created not by jumping in and out due to greed and fear but by investing for long haul.
Money, IQ or markets don’t define your Investing
Success; It’s only you who defines it!!
TO CREATE WEALTH SEND YOUR MONEY ON VACATION
Wealth gets created in the long run and we invest our money knowing that. Once we invest “ALL WE THINK ABOUT IS MONEY”!! Why it is not performing… How to multiply it… Would I loose it all…. Is it safe or or not… And no matter how hard we try to find answers to these questions, all we would get is lots of sleepless nights.
It’s hard and seems near impossible to take your mind off these worries as your hard earned money is at stake. But if you want to create serious wealth and be financially free, you will have to send your money on vacation and forget it. Wealth is not created in minutes or months or in a year or two, it takes a decade or two.
Let the money work for you!!
PROFIT MAKING AND WEALTH CREATION ARE POLES APART
For profit making, one makes sure that he is active and keeps looking for something that would enhance the profitability but when it comes to wealth creation “Inactivity is the best activity”. If one is striving for making profits he is always on the run to time the market and keeps a tap on everything that affects the market but wealth creation requires you to give time in the market. For making profits one thinks he has to be really smart but wealth creation requires you to Stay Simple – Stay Foolish.