I am in the money business; always have been and always will be. No surprise I am approached by hundreds of young ambitious entrepreneurs every year asking:
How do you create real wealth in an age of intense competition and wealth destruction?
Let me keep you give you my 2 cents…. and allow me to be as blunt as I can. Political correctness is not and has never been my forte.
1. Don’t be delusional. You need to see reality as it is first, not as you would want it. Most people do the latter and plan and live by wishful thinking. It is a fact that the vast majority of people want to LOOK rich, not BE rich. The two are opposites: the first requires spending money, and the second requires saving it. Don’t pretend to do both. Most importantly, know your probabilities and statistics. Lotteries are statistically the same as burning your money, as far as your profit is concerned. You’re probably more likely to slip and crack your head open, die in a car accident, drown, or be murdered TODAY than EVER make big money as a novelist or artist.