The Ten Roads to Riches: The Ways the Wealthy Got There (And How You Can Too!)

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The Ten Roads to Riches

OPM

is the commonest road for the ultra-wealthy.

It

isn't how

you

get

to be the very richest,

but

it's how most

of

the mega-rich

get there. Eighty-six

of

2007's

Forbe

s 400 members

got

there on this

road

-the

most

of

any category. And

more

modest piles of $2 mil-

lion to $50 million are commonly made, often over just a few years.

BASIC

OPM

CAREER

RULES

Folks often

think

they

must

first know technical aspects

of

finance

or they can't succeed here. No! It's just as good to learn

to

sell first

and learn finance

later-maybe

better.

One

counterintuitive rule I

learn ed from watching others navigate this road is:

Young

people

learn to selland communicate better than

older

people,

and somewhat

older

folks learn finan

ce

betterthan younger

ones.

Start by learning to sell.

There's

time later to learn finance and

investments. Learning selling is like

skiing-the

younger you start,

the faster and

better

you learn. But learning to analyze investments

is like learning to hire people

well-years

of real-world experience

make discernment easier.

Time

helps .

Learn

to

Sell.

The

Rest

Follows.

Often

young people want to start as

hot

shot

research and invest-

ment

analysts or portfolio

managers-certain

they'll be the next

Warren

Buffett or

Peter

Lynch-often

naively disdaining any-

thing sales-related.

They

almost never

get

their desired outcome.

My

advice to the young: Start by learning telephone sales

-even

if

not

investment-related.

Here

your

youthful appearance won't

hurt ...