Building Real Wealth

If you want to build real wealth, you have to un-learn the traditional financial advice you were given since you were a child, and learn how to think for yourself and take on calculated risks. They tell you the goal in life is to get a decent job, save all your money up in the bank (where it’s safe), and buy a nice house. They tell you that’s real security. But there’s nothing secure about it. Your job can lay you off. The little money you will save in a savings account will all be drained by unexpected life events over time. Your house is a liability, not an asset. Your home value could plummet at any time for reasons outside of your control. Real security is owning a business, owning investments, and working for yourself. If you learn how to do these things, you will become an owner in the economy. As long as you’re working a job, and living paycheck to paycheck, or only putting away a little money into your savings account every month, you’re a wage slave. You don’t own anything that’s producing value for you. There is nothing wrong with that, if that’s what you want. But if you want more out of life than that, you’ve got to take risks. That’s the only way. You’ve got to overcome your fear of failure, and put it all on the line. Every single rich person who wasn’t born with their wealth understands this.