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The Secret to Wealth

Updated on July 20, 2010 investing.


For ordinary people like you and me, what are the chances that we'll be able to win the lottery? How about the chances of becoming a big time actor/actress? A singing career? Do you have the creativity, innovation, and motivation of an entrepreneur? Oh, I know, you got this great idea to sell 6 billion t-shirts! One t-shirt for every person in the world for $1 will make you an instant billionaire! Maybe you know where the Hand of Midas is? Oh wait..

Your answer to all these questions will probably be, "Hell No" (no offense to anyone who has aspirations of becoming a singer, or finder of the Hand of Midas, or become a tshirt billionaire).

So, I'm sorry to say it, but you're basically stuck with investing as the only path to wealth.

- Oh no! It's terrible! It's so boring! It's so, so hard! My life is over!

Get a hold of yourself. Splash some water on your face and scream, "My only secret to wealth is investing! WHYYY?!"

..and think about that for a second.

I hope you realize, there really is a path to wealth for ordinary people like you and I. You just have to learn about it.

- Oh my gosh!! Learn?!

Yes, you have a brain and the mental capacity just like anyone else to learn. Geez. You're not an incompetent monkey.

No one gets to where they are without learning a few things. For example, Donald Trump and Warren Buffet, these guys got to where they are by doing a little learning - it helps a bit.

Their secret to wealth? They're investors!

They didn't magically have all their possessions, property,and other riches appear out of nowhere. Actually, they don't really have a secret about creating their wealth. Most people know Donald Trump is a wealthy person because he's a great real estate investor, and Warren Buffet is wealthy because of his knowledge and abilities when it comes to buying companies and investing in them.  You probably won't ever be as big as Trump or Buffet, but think of it this way, if you can just reach one percent of what they have you will be wealthy.

-But, but I have no talent!! I'm such a klutz! I don't even know what to do!

Please get that negativity out of your head before you hurt yourself. You need to pick up a book, or look up the endless amount of information on the internet. With Web 2.0, many people use the internet to socialize or go online shopping, don't be like these people. Use the internet as a source of information, not a form of entertainment. You'll be a lot more productive.

So, what can you invest in to become wealthy?

Well first, there's that little learning curve thing I mentioned before that most people don't get past. It's actually very tough and it takes energy to learn about investing.

-Oh No!!

Oh yes. Get off your lazy backside and learn!


Well how can you get started investing?
Well, starting with the bare minimum, you need to stay positive about your relationship with money. That means, getting rid of your debts. Debt is nothing more than you being the credit card company's secret to wealth. Really.

- But, but I am so far in the debt-hole!!

Well if you can't get out of the debt-hole, you'll never see the wealth! So get out of it by slowly paying it off or taking a personal finance class!  Only then can you start saving money and using that savings money to invest in the future. 

What do I invest in?

There are the so-called five pillars of asset allocation, they are the 'secrets' of investing:

  1. Cash (Savings/CD Accounts, etc)
  2. Stocks
  3. Bonds
  4. Real Estate
  5. Business

If you put a lot of diligence into learning and acquiring knowledge in each or all of these subjects, you have the ability to mitigate your risks tremendously. However, there is always risk, which means there is a chance you may lose money.

-I would rather jump off a building! Are you crazy?!

Yes. A little bit actually. But, before you take my advice, put some information into that round thing your got on your shoulders - your head! If you can understand what you're getting yourself into, you will be much more comfortable making investment decisions - guaranteed!

Investing takes time. It is a gradual process that will ultimately lead you to wealth if you are careful and diligent.

-Oh my gosh time?! I have no time!

Well, you're not getting any younger either with every passing minute.  "Time is Money" is a phrase you should learn to understand well.  You must take action now if you want to build wealth with investments.

It will be a difficult road, but the secret to wealth isn't impossible for ordinary people!


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    • equealla profile image

      equealla 7 years ago from Pretoria, South Africa

      This is good advice. Too many people want to sit and dream their way into riches, instead of getting active. It is a very good point to start getting the education needed, and then start with the first step, as you explained.