One of the most commonly asked questions I get is: “Jon—how do I get rich?” Well, to be honest, there’s no simple answer to that. There’s as many ways to get rich as there are to skin a cat, but in general, there’s a few rules every rich person follows.
I’ve been re-reading Rich Dad Poor Dad, which is one of the most widely popular books on personal finance ever written, for the very first time, and in this book, Robert Kiyosaki discusses 6 rules that you MUST follow if you want to get rich. Robert Kiyosaki, for those of you who don’t know, is a multi-millionaire real estate mogul…so I think he’s someone we should listen to.
According to him, getting rich really boils down to just 6 simple principles—if you integrate these rules into your life, and genuinely live by them, you will be wealthy beyond your wildest dreams.
Hello, gentlemen. Today the topic of discussion will be money. Particularly, how to invest in the stock market.
On January 6th, 2016, I recommended that you buy ABX (a gold mining company’s stock). I believed that due to the declining American economy, and a number of other factors that I will discuss today, the stock was poised to shoot through the roof.
Here is a screenshot of my tweet from January 6th, 2016:
Fortunately for everyone who follows me on twitter, I was correct. If you had bought ABX when I tweeted about it, you would have nearly tripled your money.
We live in a world where most men are completely devoid of any purpose. Most men stumble through life without ever really waking up—they’re in a haze, drifting from day to day, and they never realize their full potential.
Rather than learning to monetize your passion, you simply relinquish your masculine purpose and spend your life furthering your boss’s goals. I want to change this. We need more men to wake up from the matrix.
We need men to realize that they can change reality. We don’t have to accept the bullshit system that is thrust upon us, we have the power to create our own destinies, and I’m going to teach you how. Before I begin, however, I want to define just what a”masculine purpose,” really is.
A “masculine purpose,” is having a clear, distinct goal in life, that is reflective of what you’re passionate about, and taking action to turn this purpose into a reality.
“What’s the best investment out there?” asks the young kid with fire in his heart, trying to make it big in the world. Well, there’s a lot of talk about how investing in stocks at a young age is a good thing to do—and it is. But what’s actually more important, is to start investing in yourself from a young age.
Investing in yourself is without a doubt the best investment in existence. It will improve literally every aspect of your life, from your finances, to your sex life, to your happiness, to your body.
We can all start investing in ourselves, today, even if we have very little money. I often see people buying the latest pair of Nikes for $230, but when asked to shell out just $15 for a book that could completely change the way they view things, they say “Nah, man—I can’t afford it.”
Yes, you can afford it—it’s just a matter of spending your money wisely.
Generally speaking there are three ways to get rich: to generate new wealth, protect existing wealth, and minimize expenditures.
Generating new wealth comes down to developing assets, such as investing in the stock market, buying a franchise, working a job, or creating a method of passive income.
Protecting existing wealth comes down to setting up safety nets, such as automatic triggers to sell if a stock gets too low, investing in stable stocks such as Coca Cola, or having a stash or physical gold in the case of an economic collapse.
This article will focus on the third method, however. Here are some unconventional ways to save money (aka minimize expenditures):