How to make yourself rich! Investing Pro Tips!
Spend 200 years of your life at a job and watch your boss get rich before you die.. Sounds like fun right? That is what you are led to believe growing up! No one gets rich working for money! You get rich having money work for you!
Begin investing in yourself and your own path! The number 1 way to get wealth is to ensure your money works while you sleep and relax! Going to work then just is getting more fuel for that fire! If you ever started a fire you know the hardest part is getting it started! Same goes for money. The hardest part is having a little extra to start to deploy as your soldiers!
My second big advice is don't listen to what others say! Know what you know! Sounds simple and it is! You see things and you are smart! Learn to invest in things you use yourself that make sense! Why would you invest into something you don't use? That just makes more work! I invest into companies and coins I actually use in the real world! My investments become REAL because I actually use them.
Why bother trying to learn every strategy and stupid new thing that some rich person wrote in a book? That is a waste of time and money! Learn from your own life what works and what doesn't! Maybe you like to game and use NVIDIA gpus so decide to buy. Had you done that 3 years ago you already made a LOT of money! That is how I look at investing! I know far less than you do about certain things and therefore don't invest into them. I would have to study and learn it just to know which brand(s) are the best to buy into! Buying what you know is how you shop at the store anyways!
You pick brands you know and trust, so why aren't you doing that for stocks and investments? The best way to know you got a winner is that you and your friends and family actually use it! If people use it and it makes sense you have almost no risk right? Who uses windows (not me) and plays xbox? LOTS of people! So if you game maybe you realized Microsoft and Take Two and Activision Blizzard were good companies. Guess you did well the last few years! Just open your eyes and buy what you know!
Some good advice here. From my experience “big advice is don't listen to what others say!” is so important. Cheers!
Glad it helps someone! Best thing to take away is just to trust your instincts! I believe people look for "expert opinions" and yet they land up doing worse than if they just trusted their own beliefs! No one is going to get 100% right but why pay a "financial planner" or worse use mutual funds to charge you a fee to tell you what you can figure out yourself!
One thing missing from your list is patience and timing. Investing is a waiting game and if you don't have patience then you'll probably lose.
Yes always need time that is rule #1 to good investing, stay the course!
Honestly, I like of your advice. Really these are close to our real life.
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Hello bigdeej, the same think probably my banks, money works while they sleep and relax : D But you can as an attempt also shop perfectly (50 to 90 %) and get rich. It only takes a while
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