What Is the Price of Becoming Rich?
Inspired By CEO ·
1. You can become rich by marrying someone for his or her money.
And we all know what that price is. Some people say this like both men and women marry for money, but can you imagine spending your life with someone you don’t love? That is a very high price.” It also one very effective way to get rich.
2. You can become rich by being a crook, a cheat, or an outlaw. People say, “It is so easy to become rich legally. Why would people want to break the law and risk going to jail unless they really enjoyed the thrill of it all? To risk going to jail is much too high a price for me. I want to be rich for my freedom, so why risk going to jail? I would lose my self- respect. I could not face my family and friends if I were doing something illegal. Besides, I am a bad liar. I have a poor memory, and I could not keep track of all my lies, so it is best to just tell the truth. Read more
Why Investing Is Confusing??
Inspired By CEO ·
First of all, investing means different things to different people. That is why it seems so confusing? What most people call investing is not really investing? People are all talking about different things yet they often think they are talking about the same thing.
No One Is an Expert at Everything
Investing means different things to different people. There is no one person who can possibly be an expert at the entire subject. There are many different investment products and many different investment procedures.
Everyone Has a Bias
A person who is good at stocks will say, “Stocks are your best investment.” A person who loves real estate will say, “Real estate is the basis of all wealth.” Someone who hates gold will say, “Gold is an obsolete commodity.”
Then you add procedure bias and you really become confused. Some people say ‘Diversify. Don’t put all your eggs in one basket,” and still others such as Warren Buffet, America’s greatest investor, says, “Don’t diversify. Put all your eggs in one basket and watch that basket closely.”
All of this personal bias from so-called experts adds to the confusion that shrouds the subject of investing. Read more
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