Today, I will talk about a simple wealth-building secret that helped me create lasting wealth.
But let’s begin with some facts that paint the picture of our current reality…
The cost of energy, food, cars, plane tickets, clothes, and other necessities’ is soaring everywhere…
Gas prices in Europe have surged nearly 300% this year; people and companies are bracing for a rough winter in Europe.…
A war in Ukraine is still raging…
Foreclosure rates in the U.S. are up 150% since last year…
U.S. Federal Reserve promised that the U.S. economy would experience “pain”….
Fed is trying to crush consumer price inflation by raising interest rates, which in turn slows down the economy, and therefore, will increase unemployment and deflate the largest financial asset bubble ever.
Most investment advisers admit that they never thought the Fed will be raising rates so aggressively. But it is the reality now.
And I believe many over-indebted companies are going to be out-of-business….
The stage is being set for Stagflation – Inflation and Stagnation (Recession)…
This is a concerning development indeed.
No one knows how long it would last and what the effects could be on the stock market, cryptocurrency market and on the global economy.
It’s important to remember that it can be too easy to slip into a downward spiral of gloom and doom in a situation like this.
And that’s when you become your own worst enemy – act impulsively, buy wrong assets at the wrong time, and sell your assets at the worst possible time.
As the old Wall Street saying goes, “Millionaires Are Made in Bear Markets!”
So today, I want to share with you a simple wealth-building secret that helped me stop being my own worst enemy when outside forces impacted my investments.
And I hope it does the same for you…
Here’s the thing…
Getting wealthy is an interesting journey…
It will test you, it will shape your character, it will strengthen your resilience muscles…. It’s as if the Universe wants to see whether you’re worthy. LOL
Because it will continue to throw curveballs in your path to challenge your commitment to creating wealth and financial independence.
My business, my wealth, my identity were crashed with the 2008 markets’ crash.
I made more money mistakes than I thought was possible.
I sabotaged my wellbeing and personal wealth more than any adversary could have…
The reason I continue to be here with you every step of the way is because I’ve been where you are now – wracked with uncertainty, full of fear and worries about the financial future, unsure of what to do next.
I want a different experience for you.
I want to see you creating wealth and living YOUR best rich life.
It doesn’t matter what your educational background is… what race, color or religion you are… or where you grew up.
I believe that nearly anyone can create wealth IF they follow a simple set of fundamental rules.
And when you follow them, wealth will follow you.
And one of those rules is: Buy great assets and hold them.
You don’t have to be a rocket scientist to do that…
If you’ve been following me for a while now, you probably changed your financial reality and own some great assets.
And if you do, I am sure it changed your life.
That’s why I keep preaching this approach.
Because it surely changed my life.
The first key here is to own great assets.
The second key is not to sell them.
And while these assets can take a temporary hit from external factors, don’t confuse short-term market chaos with a long-term trend.
Just the hint of a recession is enough to scare investors.
The result is either panic selling, which never works out in the end, or paralyzing uncertainty.
So, I want to remind you today that while the world may look scary right now, the market always recovers.
And Millionaires Are Made in Bear Markets!
SO, as long as you stay focused on the long-term picture of continued growth and innovation – you’ll be positioned to make a fortune.
Just like I did with Apple, Microsoft, or Trading Desk… I started buying these stocks a while back, when many investors were shying away from them.
If you can stay rational through these rollercoaster-like periods… and not sell at the bottom during a panic sell-off like we are going through now… your life’s going to be absolutely transformed in a way that you can’t even begin to imagine.
That’s my goal for you… to transform your life in ways you want it, without putting your current lifestyle at risk.
Let me know in the comments you questions or insights.
And please share it with all the people you know, who may benefit from it.
To your Health, Wealth, and Freedom!