WHAT UNKNOWN MEANS?
MY LIFE IN EARLY DAYS
Believe it or not, becoming a RICH is a goal that can be achieved each year. In my life, I have been a millionaire several times. Most of the time before my 30s – 40s I gambled it away on cars, homes and living a life I had no reason to be living.
Despite blowing millions, the process to becoming a millionaire has been consistent over the years. If you follow these priceless pieces of advice, I can guarantee you that eventually you will become a rich. Don’t let this happen to you – living the world what the media wants you to live!! Media is dangerous if it not examined!! Life is once be yourself and do what you heart says!!
WHO YOU REALLY SEE IN THE MIRROR EACH DAY!!
In my early years I wanted to be like Tom Cruise and taking all the day to day excitement of living my life at the edge. Then as I grew I wanted to be great speaker – like Anthony Robbins, Jim Ron and others – I did became a speaker and earn much but that was not me I was just mimic others which is not me. Then I decided to be a great investor and followed – Warren Buffet – Value Investing Skills – and then I found myself who I really was.
LEARN TO CREATE PASSIVE INCOME AND YOU ARE GOOD TO LIVE YOUR LIFE TO FULLEST.
Few ways to create passive income;
- Business – do it on your own
- Invest on Great companies – In the Stock Exchange
- Invest on Precious Metals
- Invest on the Right People to assist you and create value and
- Invest on yourself – educating
BUSINESS – DO IT ON YOUR OWN
This is a great idea for short term but on the long run it will kill your life and lose your focus on living your life – if you so decide to do this – ensure you have a successor who who take over what you have created.
INVEST ON GREAT COMPANIES
This is my favourite – companies like Ayala, SM, ABOITIZ, San Miguel and all the banks – these are companies that have been around for years and they have growing each and every year – you can actually grow with them by investing your funds in this company each month and build a good portfolio – “Peso Averaging” is a good way to start if you are not familiar with Technical charts or fundamental approach to buying. (https://www.finwaze.com/category/stock-market/).
INVEST ON PRECIOUS METALS
Buying Gold for hedging a weak currency is an skill that you need to learn; or else all the profit that you made will be gone to waste if the country you are living the currencies weakens each year – buying Gold is an alternative in protecting your hard earn money. Go to the big banks and buy this Physical Gold and keep it safe in the safe box – buy every time when the gold price goes down and keep buying.
INVEST ON THE RIGHT PEOPLE
This is the tough ones – to find someone who you can trust and believe takes time – and through the years I have been searching for good and honest people that can take over what I am doing and is been a tough journey – I love to invest on people but at the same time I have to learn to let go and let them do it. Once you have great team and great leaders you are all good for a great vacation on focus on bigger things.
INVEST ON YOURSELF – EDUCATION
Never stop educating yourself – the day you stop thats the day you are dead – reading the RIGHT book, watching the RIGHT videos, listening to RIGHT musics and mixing with the RIGHT people – IS WHO YOU WILL BE.
The world is full of lies and deceit – they make you believe high spending and super lifestyle is what you need if you want to be rich – the question is who are you buying from and who are you making rich? I been there and done that – my take on all this is BULLSHIT – it will destroy your true self and you will end up lonely and worthless. Be simple and be yourself – Read the book “MILLIONAIRE NEXT DOOR” by Thomas Stanley – great book to read and you will know who is the true rich people – they are simple and they live their life. When they die they die peacefully and happy.
WHAT’S NEXT FOR ME?
2019 – I have decided to go back to my basic rules of investing and stay invest in the market and bring value to all the people around me that have helped me all these years. I want to spent more time developing myself and educating myself with new ideas, new learnings and new everything.
WHAT ABOUT YOU?
My next edition of “INVESTING THE RIGHT WAY” – wait for it!!
Article by: Ashok.