Rules to Building Personal Wealth: How I retired by age 50 If you do not learn about how to invest in stocks, mutual funds, businesses and real estate, you will not have personal wealth by the age of 50. You will work until age 75 and struggle or have very limited lifestyle. Building wealth is not evil, It is part of the American Dream, but it is hard consistent work. Investing takes time and you must educate yourself. You will make mistakes, so you must learn risk management. Do not gamble. Our schools no longer teach capitalism and successful investing, Instead our schools teach the government will take care of you. This will create higher taxes and more poverty vs prosperity, You can work hard and retire by age 50 - 55 or you can work harder until you are 75 and struggle. If you do not invest, then you will end up struggling, Start saving in a no load stock mutual fund and have auto withdraw from your checking account every 2 weeks and invest in a stock mutual fund. After you build up money, then invest / trade individual stocks. Dont be greedy. Give back to the community as you grow. Keep God in your heart and speak from your heart about right vs wrong. Dont buy new things. Save and invest the money. Teach your children to live below their means, not above their means. Save and invest 15% of your income, It can be done it you want to. If America could teach 75% of the population to learn to do this, then we would have a smaller government, and much lower taxes for everyone. Fewer poor people equals a smaller less controlling government. People who have money spend more money in the long term who keep the economy and jobs stable.
Posted on: Fri, 25 Jul 2014 12:03:09 +0000
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