May 2013
Beginner
256 pages
3h 58m
English
Content preview from The Rules of Wealth, 3rd Edition
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RULE 77
Don’t try to get rich too quickly
We’ve already said you need to think long term. Trying to get rich quick only leads to disappointment and over-anxious hustling. And you do need to build a good base or your financial castle can topple at the first gust of wind. The longer you take to make your money, the more diverse you’ll be with investments and income streams.
The quicker you make your money, the more likely it’ll be a single strand and thus easy to break.
THE LONGER YOU TAKE TOMAKE YOUR MONEY, THEMORE DIVERSE YOU’LL BEWITH INVESTMENTS ANDINCOME STREAMS
Getting rich over time usually means you’ll:
- build long-term income streams
- be insured against recession or sudden and negative market downturns
- have time to have a life as well ...
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