“You can’t get rich making a 7% return; at least not quickly.”
If you want to build serious wealth, you need to heed this advice.
Capital Preservation is a completely different game than Capital Multiplication.
Sure, if you want to retire comfortably, it makes sense to invest in the stock market, hit your 7% return relatively safely, and let compounding interest work its magic.
But if you want to get rich, and before retirement age, you need Capital Multiplication.
Do the math: 7% of $10,000 is just $700
That'll take many years and compounding interest to qualify you as an accredited investor based on net worth.
You need to make that $10k into $100k. And then multiply that $100k into much, much more.
Easier said than done, right?
Believe it or not, Capital Multiplication opportunities exist everywhere.
Wealth building, like any other discipline, is a skill that you need to develop over time.
Check out my most recent Skills Series episode "Rocket Fuel for Net Worth"
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