The last couple of weeks I had the privilege to travel a bit with my family. One of the stops we made on our way from Arizona to Utah was “Horseshoe Bend”. It’s an easy hike from the parking lot to the viewpoint and once you get there you stand in awe on how incredible it is in real life.
Even though the hike was relatively easy, the sun was scorching hot and we ran out of our water quickly. So once we were done with the hike we got in our car and headed to the store.
I grabbed a few bottles of cold water and got in line to check out. Little did I know that the guy right in front of me was purchasing and scratching 20-30 lottery tickets.
At first I was trying to be patient but after 5 minutes I was getting a bit restless.
From my vantage point I was actually kind of sad for this man that felt that the only way to become financially sound was to gamble away his hard earned money.
It made me wonder how many people are actually stacking the odds against them when their real goal is to become wealthy.
I’m not just talking about high stakes poker, black jack or scratchers. I’m talking about the whole premise Wall Street is telling you how to invest.
They say…Let’s take money out of your check every payday and put it into a bunch of random funds, some small cap, some international, some bond, some equities. And once you are ready to retire there should be a giant nest egg for you.
To do this alone to me sounds very similar to the man with the lottery tickets sitting in front of me.
There is only a giant box of empty promises with the odds stacked against you.
– So is investing in wall street wrong…no
– Is investing real estate a waste of time…no
– Are alternative investments a scam…no
But it comes down to what type of investor are you…Are you an amateur or are you a pro?
Pros train hard and they get paid handsomely for it. If you think it is any different in building wealth you are just kidding yourself.
When you build a solid financial foundation and then train to become an educated investor your whole world transforms.
You see opportunities you would have never seen before.
The main problem is that most households are not treating their investments like pros. Watch how the huge financial institutions grow their capital and follow along.
This is why I really enjoy what I do. I get to take the strategies that big banks have been using for years and teach others how to transform their financial life with them.
And to be honest some are just curious and don’t take action, others are too stubborn, and those that get it put these strategies to work, find financial peace and then snowball their wealth and cash flow.
I hope the latter is you.
Until then if you are buying your scratchers and you see someone with 4 thirsty kids behind you maybe just do one or two, not 30. Ha ha.
Remember — It’s Your Time…