[vc_section][vc_row][vc_column][vc_column_text]In the trajectory that the economy is moving, you have about four years before America becomes a 10% rich, 90% poor society without a noticable middle-class whatsoever.[/vc_column_text][vc_single_image image=”16678″ img_size=”full” alignment=”center”][vc_column_text]
70% of the world’s population has a net worth of less than $10,000. While we’ve seen a significant boost of wealth in the 21st century in general terms, Portfolio Wealth Global’s only goal is to arm you with the financial literacy needed to grow your personal wealth. The rich getting richer is not my concern – you are.
Living in the western world allows people a far greater chance of becoming wealthy, but the competition is much higher. 90% of people are going through life in a manner, which keeps them three months away from being broke at all times. In other words, for most, going 3 months without a paycheck equates to bankruptcy.
I am always amazed by the wealth gap, especially in organized societies, but it all starts with possessing the proper fundamentals and having the mental ability to act on these principles.
Watching a Bruce Lee karate movie doesn’t turn you into a world-class fighter, just like being Mark Cuban’s assistant doesn’t instantaneously allow you to act upon the knowledge you gain access to.
In the UK, the latest projections show that the top 1% of the world’s wealthiest individuals will own roughly 64% of the planet’s wealth by 2030.
Understanding the principles of becoming wealthy requires, as a prerequisite, the realization that, in all of history, there hasn’t been one case of lasting wealth without the person creating it becoming valuable to his customer.
The cycles of the economy are endless, demand for quality products and services is constant, so talent always finds a market that is willing to pay for it.
I talk with retirees all the time, who are counting on the government to subsidize their lifestyle, and I’m concerned about their financial future.
As far as I’m concerned, life is divided into three main phases:
- The Learning Stage: This part of life should be devoted to understanding yourself because once you fully realize what makes you motivated, you’ll be able to perform miracles in your personal life.
While general education and trivial knowledge are what universities focus on, the truth is that you must become an expert in a specific niche to strike it rich.
Nine years ago, at the age of 26, I understood that I was good at negotiating with others, so I turned to real estate right after the crash.
My other dominant character trait is curiosity and sense of adventure, so I found a niche, which had little competition, yet paid $5,000 to $10,000 per deal; my capacity grew to four deals a month very quickly. By 2014, I became a millionaire, in today’s America.
I did nothing special, but master a strategy. I used to call it “the wheel of fortune,” because of the ability to continually repeat the same process, get deals done, and get paid.
- The Asset Accumulation Stage: This part of life, which people just don’t understand is a MUST, is causing most of the problems for the working class. If they genuinely knew its importance, they would go back to the drawing board to find their strong suits immediately.
Completely forget about anything else you’ve been taught about wealth building. The No.1 and most essential component of becoming financially independent lies in knowing that wealth is attainable once you find your marketable abilities and execute them like there’s no tomorrow.
I want to inspire you to commit to investing $50,000 as soon as possible in cash flowing assets. If you’ve already attained this goal, make your next one ten times that.
In your current profession, breathe new life into your daily work and climb the ladder. Keep all personal troubles aside, and focus on the customer, much more than he deserves from you. Shower him with results and value.
- The Legacy Stage: This is the most gratifying part of life, and luckily, I reached it before the age of 40.
After you’ve mastered your marketable skills and have built an asset portfolio, show others the way as well.
I can’t think of a more rewarding life than this.[/vc_column_text][vc_single_image image=”16679″ img_size=”full” alignment=”center”][vc_column_text]
With every passing day, it becomes more apparent to me that we’re approaching a huge “event,” which no one can estimate how challenging it will be.
You know that a bear market is coming once the rally ends, so if you need to draw from your portfolio to afford a comfortable retirement, start taking money off the table slowly.
Move it into private lending, like PeerStreet.com or Lendingclub.com, where it will generate off-market yield for you.
The way Portfolio Wealth Global sees it, after the market top, we’ll see a sideways market for years, since millennials aren’t a generation of stock investors, whereas the baby boomers definitely are, but they will be liquidating soon. There will be a relentless wave of selling, without sufficient buying, due to these demographic changes.
Asian buying will offset this demographic cliff, but not enough to make the stock market boom.
Learn to trust yourself, and find out how to make clients trust you. That is the key idea behind any successful enterprise![/vc_column_text][/vc_column][/vc_row][/vc_section]