How Much of Your Money Do I have Your Permission to Lose?
Let me ask you three questions I consider to be of monumental importance to wealth-builders: Do you pay a professional advisor to help you invest your money? Have you ever lost money in an investment? Did you give your advisor permission to lose your money? We never...Would You Pay Your Investment Advisor $1,000,000?
It sounds like a silly question – but the shocking truth is that hundreds of thousands of people will do just that over their lifetime. Could you be among them? Consider this – an investor who saves just $1,000/month from age 25 to 70 – stops – then draws...
First, Lose No Money
Our last blog talked about the three failure traps. We crossed two of them off the list – leaving us with just failure trap number two to figure out – how to avoid putting our money into things that can – and often do – lose value.
Avoiding Failure Trap No. 2 is so critical, my number one rule of wealth-building is First, Lose No Money.
