By: Anonymous
There ARE secrets to getting rich. And they aren’t well kept secrets. They all revolve around a number of concepts that when combined are extremely effective.
There is the mathematical aspect. Save. Use money to make money. Compounding investments.
But there is more to it than that. It’s the concept of momentum. It’s a very simple yet effective principle that can be applied to all areas of life.
If something has worked in the past. It may work in the future.
If a business reports record earnings it may report record earnings again in the future.
If a business reported a loss it may in the future report a greater loss.
If a girl cheated on her ex, she may in the future cheat on you. It’s not 100%. It’s just more likely than 50–50.
How can you use this concept to earn money? You could translate it straight to momentum investing and that would work. Sure you wouldn’t be right 100% of the time, but you could be right over 50% of the time.
Similar to this principle is the concept that the hungry don’t get fed and the rich attract what they already have. What I mean by this is that people tend to ignore the homeless man who is barely scraping by yet offer opportunities to the business man in a suit and tie. Men with an entourage of women get the looks from even more women. Celebrities who have more than enough money don’t have to pay for anything. People who work two jobs easily find another. The guy without a job is less likely to find a new job the longer he doesn’t work.
Another concept is belief, identity and attitude. Give 10 homeless people a million dollars and 9 of them will end up homeless again in the future. Take 10 self made millionaires and make them start from scratch. 9 out of 10 will become rich again.
The next concept is adding value. An example would be the housing market. Someone could say: “The housing market is overpriced. There is no money to be made.” but that person is expecting to buy a house and resell at a profit, WITHOUT ADDING ANY VALUE. A smarter individual knows there is ALWAYS opportunity. I’ll get to that later. One could build a house and sell it for the inflated market price. People are so accustomed to the rat race that they completely miss the fact that money (building materials) truly do grow on tree’s. Assets truly are built from scratch. If you build something it has value. Period.
The next concept is that there is ALWAYS opportunity. Chores always need to be done, maintenance always needs to be done. New things are always being invented. Assets are always being built. Old assets are always dying. It’s fact. Someone who says there is no opportunity has no idea what opportunity is to begin with.
Next concept. Don’t listen to anyone if you’ve done your research. Think for yourself. Do you know how many people once asked me “why are you buying bitcoins?” “You can’t cash them out.” This statement was made to me by dozens of people who were certain of what they were saying. “Bitcoins can’t be cashed out because they aren’t real.” Those same people don’t believe that I’m now rich from bitcoin and other investments that were signaled to me through momentum strategies. I myself was skeptical of bitcoin but decided to throw logic out the window as an experiment in trading strategies. These people are still laughing at me, but I’ve definitely cashed out on my bitcoins lmao. They can laugh all they want.
The most important concept is optimism. A positive mind will think up positive solutions and bring about more positivity. A negative mind only comes up with negative outcomes.
I learned these strategies and many others from rich people and I’m now rich. I think the biggest barrier people have is themselves. Everyone thinks it’s difficult. 99% of people will not do things that they perceive as too difficult. There is incredible opportunity due to this as the majority of people are not competition in the slightest. Ironically it is their competitive, dog eat dog type thinking that causes them to run around without getting anywhere. The human species could build and work together to solve every problem. Instead we war and fight because of the illusion of scarcity.
Which brings me to another concept.
There is more than enough to go around. People are poor because of war, inequality, fear, greed… The earth itself is abundant. Human beings are very resourceful. We get things done, period. If there is suffering it’s because humans thought up and caused that suffering. If humans want to accomplish something they will. If YOU want to accomplish something you will. Period.
The last concept. Do. Simply act. One step at a time. Mistakes are fine, setbacks are fine. But never give up no matter what.
If you want something bad enough you’ll make it happen.
