Be Greedy When Others Are Fearful. The Merits of Being a Value Investor.
I was taking a taxi the other day, and the taxi driver started talking about investing in the markets. He said he was buying the S&P index and hoped it…
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Create Wealth (Investing)
44 posts
Creating wealth. I wrote a book, The Kickass Entrepreneur’s Guide to Investing, Three Simple Steps to Create Massive Wealth with Your Business’s Profits. It was number 1 for many weeks on Amazon in both the business and non-fiction sections in 2018. I write extensively about how to create massive wealth, investing, and my overall asset allocation strategy.
In a nutshell, here are my 8 tips for creating wealth:
- Taking some significant risks in business
- Making lots of profit in business
- Investing the business profits strategically
- Selling your business as a one-time cash infusion
- Having multiple sources of revenue streams
- Diversifying assets across multiple asset classes (as discussed extensively in my book which you can download free here)
- Investing in revenue-producing real estate
- Winning the lottery or inheriting a fortune from your long lost uncle
The last one is a joke of course. But, you can read more about these tips, and other wealth-creating habits and processes, in the blog posts listed below. In the meantime, good luck in your create massive wealth journey.
Are You Destined to Become Wealthy? What Is Your Money Script?
I answered a question on Quora the other week. I was intrigued, not so much about the question itself, but rather, the answers that others were providing. The question is:…
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How Do You Grow Your Wealth in 2020? My 5 Step Plan to Build Wealth
The general economy in North America was quite healthy in 2019, and most of the forecasts suggest that the economic signs remain strong as we head into 2020. There is…
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My 2019 Portfolio Performance and 2020 Asset Allocation Strategy
As 2019 draws to a close, I’m going to review my year to date returns through my various asset classes, how I am positioned for the next year, what changes…
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11 Most Effective Wealth Building Strategies Used by Personal Finance Pros in 2020
11 Most Effective Wealth Building Strategies Used by Personal Finance Pros in 2020 People often wonder why the rich keep getting richer. Do the rich have some secret sauce that…
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5 Big Mistakes Founders Make When Pitching for Venture Capital for Their Seed Round
For this article on venture capital, I have the privilege of Michael Garbe as a contributor. Michael was the founder of Accelerated Connections, a data, voice, and networking company he…
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7 Ways to Spot the Fundamentals of a Growth Stock
There are two main kinds of investing: value investing and growth investing. I consider dividend investing to be a subcategory under value investing because dividend investors want to buy relatively…
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Is It Worth it To Own a Tesla? My Battle To Keep, or Not Keep My Tesla
In a blog post I published a couple of months ago on how I prioritize spending my money, I suggested that I regretted buying my Tesla. I’ve since received about…
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An Interview With David Stein, Author of Money For the Rest of Us, 10 Questions to Master Successful Investing
I’ve been listening to David Stein’s Money for the Rest of Us podcast for the last 18-months. In fact, not only have I not missed more than a handful of…
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Net Worth Percentile Calculator for The USA Including 23 Wealth and Income Statistics
You can find the Canadian net worth calculator and stats here. Do you want to know how your net worth compares to other Americans? You can calculate your net worth…
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