How to Build Wealth

Financial  Wealth

• Produce for wealth creation and accumulation.

• Invest profits for wealth preservation and growth.

• Produce more than you consume

• Save a minimum of 20% of all earnings.

• Pay yourself first.

• Rewards are rare without risks, but take only carefully calculated risks.

• Make sure the odds are on your side.

  • Put the magic power of compound interest to work with every available dollar.

• Protect your downside. The upside will take care of itself.

• Cut your losses short -- and let your profits run. This takes tremendous discipline.

• If the situation is not right in the long term, walk away from it.

• Maintain a long term outlook in all endeavors. 

• Invest only after strict and complete due diligence.

• Don’t allow yourself to be rushed.

• Make important decisions carefully, consider your gut feelings… then pull the trigger.

Personal  Wealth

• You’re successful when you like who and what you are.

• Success includes achievement… while choosing and directing your own activities.

• Enjoy intimate relationships and love what you do in life.

• The best investment you will ever make is your steady increase of knowledge.

• Invest in yourself. Thirty minutes of study per day eventually makes you an expert in any subject – but only if you apply that knowledge.

• Study alone is no substitute for experience. Education is always painfully slow.

• For each important action you take, ask yourself if you would be embarrassed if it were published. 

• It takes a lifetime of effort to build a good reputation but only a moment of stupidity to destroy it.

• You are exactly what you believe and think about all day long.

•  Constantly monitor your thoughts.

• Live like you don’t have much time left… but plan as if you’ll live for centuries.