Everyone is looking for a shortcut in life. We want instant results, which is why we invented things like the microwave, fast food, and the internet. Building wealth, unfortunately, isn’t that easy. Unless you were born with a silver spoon in your mouth, chances are good that you’ll have to put in a considerable amount of time and effort into making this a reality.
Sell the Dream
Anyone looking to make a quick buck will soon find themselves parted from their money. In today’s society, there are a ton of these impatient (and impractical) people, which is why casinos and the lottery exist. They don’t sell you any real product, just a dream…
But what a BEAUTIFUL dream! Who doesn’t want infinite wealth and cash flow? To be able to travel anywhere in the world. To be able to play golf all day long. It’s the stuff of fairy tales.
So, along came the “wealth gurus” who’s real mission statement should read: “To hustle away from you, as much of your money as possible!”
Am I anti-wealth seminars? Anti-wealth gurus? Absolutely! Unless they are FREE events or FREE services, I’ll never believe that their true intentions are to help out other investors. If they truly cared about you, deep down inside, they wouldn’t charge you such outrageous fees. Want an example? There’s an introductory wealth seminar for getting started in real estate investing that exists out there, which costs $20,000. During the first day’s instruction, they teach their students to call credit card companies so that they can ask for a credit line increase. They even provide a script to help guide you through the process. At the end of it all, you should be able to open up a credit line for about $20,000. If you don’t succeed, they have you try it on multiple credit cards. Why do they have you do this? So you can sign up for more classes! The purpose of the increased credit line isn’t to help you fund an initial investment. No, it’s done for you to invest more money into their useless programs!!!
B.S. like the above makes my blood boil. It’s so unethical and wrong. You want the REAL truth?!? It is possible to attain wealth through investing. There are many investments that can take you there, but most people focus on stocks or real estate to help turn that dream into a reality. These asset classes are the most accessible to the common everyday person.
If your’re just getting started and need help and guidance, do not fret. Thanks to the internet, all the good ideas and information are floating out there, free of charge!
If you want to get started with dividend investing and are unsure of what stocks to buy, or how to evaluate a company, please refer to the following links:
Seeking Alpha -Great articles and community. To get started, check out the “Dividends” section. Go through the articles, and read the comments. Do this for a month or so, and let the information soak in. After some time, you’ll get the hang of things, and learn the language of a dividend investor. Want to meet real gurus who have succeeded with dividend investing? They’re on this site! They participate regularly, contributing articles/comments. All this real, valuable information is absolutely free of charge!
Need more visibility? Want to see others who are actually on the journey, trying to reach financial independence? Check out the following awesome blogs. See for yourself… real results, real transactions, real struggles/challenges faced:
Real Estate Investing
If you want to get started with real estate investing, skip the seminars and go here instead:
Bigger Pockets -Hands down the best website out there for real estate investing. Similar to Seeking Alpha, it features a wonderful community of educated and successful real estate investors. You want to get some bang for your buck? Join the forums and start participating today! You’ll even get that buck back…
Similarly, here are some awesome blogs of other real estate investors on the journey to financial bliss:
We all want financial freedom in life! And nobody gets there following “gurus”, who only get there themselves using your money! Be inspired and motivated by real people. Follow others who are actually worth following:
It amazes me how much money some people are willing to shell out to indulge on a dream. Just like with playing the lottery, your odds of succeeding through wealth seminars and gurus are less than a fraction of a percent. Most likely, you’re even setting yourself back a few years. $20,000 for a one hour seminar? Are you freekin’ kidding me?!? Go invest that money and buy some quality dividend stocks… or invest it in a rental property instead. $20,000 is basically your downpayment for a $100,000 property that will cash flow from Day 1!
You want to get rich? You want to become wealthy? You want financial freedom? Then wake up from that silly dream because it doesn’t happen overnight!
Don’t be naive. Get educated. Network with other investors and put a plan into place. Be patient, and good things will come to you in time. Just like with everything worthwhile in life, you won’t get any results if you aren’t willing to put in the work.
Nothing comes easy. Nothing comes free. Now go out there and make it happen!