An Inspirational Story: How Can One Become Part of the 1%?

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Here are some of the key lessons from someone who did it not once, but three times. If you want to be part of the 1% you have to do the following:

1. Be mentally tough. Learn to get over your fears. What happens when one is afraid? You retreat, you hold back, you dither, you procrastinate. Worse, you become more prejudice, or even take on extreme forms of hate. You miss out on opportunities, you become a prisoner of your irrationality. So learn to ask a simple question when you are uncomfortable with something, what have I got to lose?

2. Live within your means. Don’t be an idiot.

3. Learn how to make money, not how to save money. You will never save your way to riches. Again, this doesn’t mean you need to be an idiot with money!

4. Learn how to scale yourself and the business. This means learning how to delegate, how to motivate others and recruit great talent to do works you don’t know how or can’t.

5. Learn all the time, I read 10-20 books a month.

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Cheers
Spencer
https://www.facebook.com/iamrecneps
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Spencer Li is a trader, investor & entrepreneur who achieved financial freedom at 27 (2013), having to date accumulated a diversified portfolio of properties, stocks, REITs, and 10+ businesses across different industries. As a professional trader, he has over 10 years of market experience, and has been featured on more than 20 occasions in the media.

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