How to Become Wealthy
Gregg Killpack is an Investment Professional with 25 years experience. He began studying How to Become Wealthy in the stock market in 1988 when he found the book, How To Prosper During The Coming Bad Years, by Howard Ruff.
That sparked his interest to learn more and fueled his passion to understand how the stock market really works and answer the question, “How can someone make the most money investing in the stock market?” Since then he has read somewhere between 30,000 – 50,000 pages and hundreds of books about all topics related to the markets, including fundamental analysis, technical analysis, the business cycle, investing strategies, macro-economics, options, valuating stocks, the history of Warren Buffett, value investing, market bubbles and every other related subject he could find.
WEBSITE: http://www.markettiminguniversity.com
- Stop procrastinating.
- Know that there is no magic.
- Invest in yourself.
- Create a budget.
- Pay down your debt.
- Take risks.
- Diversify.
There are many ways to amass a significant personal fortune. For example, Pablo Escobar, the infamous drug cartel kingpin, earned a place of the Forbes’ list of billionaires for seven years in a row from 1987 to 1993. By 1989, he was the seventh-richest person in the world with an estimated net worth of US$30 billion. His organization generated approximately US$420 million per week (almost US$22 billion annually).
Although there are numerous illegal ways to strike it rich, even very, very rich, creating wealth through illicit means usually doesn’t end well. For Escobar, it meant being killed the day after his 44thbirthday. Not a good exit strategy.
According to John Bowen, founder of AESNation and author of Becoming Seriously Wealthy, “Generally speaking, having a successful business is the most effective way to amass significant wealth. When we look at investable assets of U.S. households – one of the very best indicators of affluence – we see that one-third of those with investable assets between $1 million and $5 million are business owners, three-quarters of people in the $5 million to $25 million range own businesses, and among the truly wealthy – those with $25 million or more – nine out of ten are business owners.”
