Many people do not realise that small things add up. Like how a small river can cut through rock and form grand canyons, small habits can add up over time to produce vastly different results. This means that quite often, a small change in the way we do certain things can result in huge leaps in improvement. So here are some things that rich people do differently:
1. MAKE MANY SMALL & FREQUENT WINS, NOT A FEW BIG WINS
Trading is boring. Ask any seasoned trader in a proprietary fund, and they will tell you the same thing. It’s all about doing the same thing over and over again, and it is surprisingly difficult to do something simple over a very long period of time.
Some of the richest people I know own very humble businesses. One example is the typical food hawker; it’s unexciting, it’s repetitive, but hey, it gives a very stable source of income, week in, week out. It is virtually impossible for good food to become irrelevant to the typical consumer, and hence this source of income is one that will last a long time.
In trading, it’s the same. Small wins add up over time, and instead of being diligent, many aspiring traders choose to take the easy way and just look for that one quick way to make money. Although the news always glorifies the one-hit wonders, like Zuckerberg and other billionaire tech founders, the majority of the rich are not overnight successes, and they know this rule best: small wins add up over time.
2. THINK IN % ROI, NOT DOLLARS OF INCOME
Compounding is the way to go. Although you might be nauseating because this is probably the 100th article on the power of compounding, it really works. Just take a moment and think with me:
Nobody would learn trading if you claim to make $10 a day. They want $100 a day, $1000 a day, but forget that it starts with $10 a day.
That’s why most people fail to achieve financial success. They measure monetary success in dollar terms, and fail to consider that ROI is what brings true riches over the long-run.
Thinking in ROI is a very huge barrier for many people, and it actually benefits you because when you finally do make a substantial sum of money, you will still be thinking in terms of ROI and not be overwhelmed by the huge amount of funds on your plate.
I’ve seen many traders do well on small accounts, only to blow up with larger accounts because they have not drilled the ROI concept deep into their minds.
If you can make 3% a month, that’s $30 for a $1000 account, $300 for a $10,000 account, and $3,000 for a $100,000 account. Go figure. If your focus is on % ROI, you will not have an issue growing your wealth quickly.
3. STAY AWAY FROM ALL FORMS OF GAMBLING
This point is probably the easiest to write about:
Gambling = negative expectation
Investing/trading = positive expectation
“I bet I can stop gambling!”
Gambling gives you hope, which is false and always gets dashed.
Investing gives you certainty, which is true and rewards the skillful.
I think that’s enough said. If you’re gambling for the thrill, treat it as expenses. As a trader I always think in probabilities, so since the expected return from gambling is negative, the rational decision is to not participate at all.
In addition, 1 in 5 gambling addicts attempt suicide. It destroys your family, your friendships, your sense of sanity, and your work ethic. I think it’s enough to let you realize it won’t get you rich; even the seemingly innocent TOTO or 4D that you buy is not a rational attempt for someone to earn big money.
4. TIME IS WORTH MORE THAN MONEY
Quite often, people will go to great lengths to save money, for example spending hours hunting around for cheap shopping deals, when all you save for your hours of effort is a mere $10-20. Rich people know the value of their time.
One important question to ask yourself is, “what is the $ value of 1 hour of your time?” If 1 hour of your time is only worth $2, then spending an hour queueing up for free ice-cream might make sense. However, if one hour of your time is worth $200, then taking a $20 cab ride to save an hour of transport will make a lot of sense. You get the idea.
At this point, you might have realised that one if the key ways to increase your net worth is to gradually work your way up by increasing the value of your time. After all, everyone has 24 hours in a day, but the more value you can create in one hour of your time, the higher you will be paid for it, and the higher the value of that hour will be.
5. DON’T WASTE MONEY ON CHEAP STUFF – ONLY BUY QUALITY GOODS
It’s sad that most people are thrifty in things that do not matter, but silly when it comes to investments of thousands or hundreds of thousands of dollars. I’ve seen people scrimp on their daily meals, yet when it comes to investments, blow $50,000 on an investment fund they do not understand, or buy into a multi-currency deposit that doesn’t even make sense.
Home purchases, which make up the bulk of most people’s expenditures, tend to be bad decisions. People buy houses that they cannot afford, spend money on renovations that don’t matter, and waste money where it doesn’t bring returns.
Most people are smart with small sums of money, but unwise on big decisions
Rich people buy things that appreciate in value, while poor people don’t. Electronics generally don’t appreciate in value. If you consider buying electronics, buy quality electronics, and keep them in tip-top condition so that you can resell them at a decent price. And… just because it’s the latest gadget doesn’t mean it’s quality. You’ve got to do your research and think about your purchases if you are serious about your money.
Wine does appreciate in value, and so do quality branded goods. Some Louis Vuitton bags appreciate in value, and it would do you well to consult experts if you are intending to use these products.
Other things that are not worth spending on include:
fast food
low-quality makeup
gifts that don’t really matter
alcohol
bottled water
cheap shoes/clothing that you throw away within 6 months
Yes. It might hurt to read this, but if you need a total personal finance audit, then it helps to do a reality check on yourself.
6. LASTLY, RECOGNIZE THAT PERSONAL DEBT IS A SHACKLE
Personal debt chains you from spending on what really matters. In the U.S, many undergraduates end their college years with US$100,000 and above in personal debt. How in the world would they be able to start a family, much less get a home to live in?
In my opinion, the only useful loan is the humble HOME LOAN. Yes, a loan for the house you actually live in, not the house that you would not live in. It is essential to have a roof over your head that you own, because when your business fails, when you lose your job, you still have somewhere to rest and find solace while you sort things out. The worst thing you can find yourself in is having no house, no money, and no one to support you at your lowest moment. Using debt to buy additional houses is a bad idea unless you are a real estate investor by profession and you know what you are doing.
Car loans are unnecessary. Unless you have a dire need for a car, buy the car in cash as much as possible, or just take a taxi everywhere since you can afford it anyway. Credit card loans are the jaws of death for many; stay away from them, and just follow the simple mantra of “spending below your means”.
Spend below your means, but also look to expand your means.
Too many people get stuck in the “spending below your means” mentality, and fail to consider how they can acquire more sources of income. In fact, having no personal debt frees you to make decisions that allow you to work towards financial freedom, which may require you to have no income for months or years in a row.
WHAT SHOULD I DO?
I hope that these 6 tips will get you toward your goal of financial freedom. Keep at it! Remember, if you change your habits, you will change your outcomes. Live like the rich do, and you’ll soon be living the life that the rich do.
Reading this article without putting the tips into practice is like looking into a mirror and forgetting what you look like. It might hurt at the start, but changing the way you live could very well change your destiny!
Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.
https://synapsetrading.com/wp-content/uploads/2016/12/rich-people.jpg7501280Spencer Lihttps://synapsetrading.com/wp-content/uploads/2019/10/logo.jpgSpencer Li2017-02-16 05:00:242021-10-04 22:40:276 Little-Known Things Rich People Do Differently that Give Them an Advantage
Just last week, I came across this interesting article, talking about some of the prominent millionaires in Singapore, and how they created their wealth.
Source: Vulcan Post
As I read it through, I couldn’t help but think about what they did to make, keep, and grow their wealth. Sure, some of them inherited their wealth, but it takes a different kind of education in order to preserve and grow the inherited wealth.
It is definitely not chance that these people have achieved phenomenal success. There were, in fact, common patterns of behaviour that keep them successful.
The difference lies in just 5 actions they take consistently:
1. THEY CREATE MULTIPLE INCOME STREAMS
The average person lives from paycheck to paycheck, while the average wealthy person receives cash from various sources, so that even if one source were to be temporarily cut off, they can still enjoy the same standard of living they currently have. Here are just some of the commonly known income streams that they have:
Earned Income: working for money
Interest Earned: earning money by lending it
Dividend Income: earning money by share ownership
Profit: Selling something you make or own
Capital Gains: Selling something higher than what you bought it for
Rental Incomes: Money gotten from owning real estate
Royalty Incomes: Money from selling intellectual property or franchise systems
Having multiple streams of income is like having many waterfalls flowing into the same ocean. The more streams you have, the more reliable the flow.
Which do you currently have? The average person struggles to survive because he only has one stream. Personally, I like trading and portfolio management. The great thing about portfolio management is that you can enjoy interest earned, dividend income, and capital gains.
2. THEY TREASURE EVERY SECOND OF THEIR TIME
Let’s be honest with ourselves; how many hours a day do you do things that do not contribute to your financial success? Most people would rather procrastinate or spend time on enjoyment rather than on what really matters.
I found this really interesting image of how most people spend their time in a year:
Source: The Visual Communication Guy
It’s amazing; out of 365 days a year, 183.7 days are spent on media! If we were honest with ourselves, perhaps what we need is to rethink the way we live. Perhaps if we all take some time away from Media and reallocate it to self-improvement, learning, investing, and growing as a person, we could be living a very different life indeed.
How would your life look if you re-arranged your priorities?
Robert Kiyosaki once made a quip about what he noticed of rich and poor dads; he said that poor dad would sit on the couch and watch TV every night, while rich dad would review his investments and upgrade his skills every night. Poor dad would spend the weekends wasting time, while rich dad would build a business during the weekends.
Many of you would know that I read more than 200 books before I embarked on my trading journey. Even now, I make it a point to read at least 3 books a week, because I feel that it is important to never stop learning and upgrading oneself. Here are some key pointers:
Don’t waste time. Find out what you need to do, and do it.
Re-prioritize. Find out which areas of your life you can do away with, and cut them out quickly.
Learn. Just because you have graduated doesn’t mean you should stop learning. Successful people get where they are because they have an attitude of lifelong-learning.
3. HAVING A MENTOR MAKES A BIG DIFFERENCE
Mentors are looking for people who are humble, hungry, and hard-pressed for success. No matter where you are in your career or life, it helps to have successful people to reach out to and learn from. They’ll be able to quickly point you in the right direction if you are going off-track.
When I started my trading career at a professional fund, I had wonderful, experienced mentors to guide me in the right direction. I quickly picked up on what worked and what did not. I learnt their habits, their lifestyle, and the difficulties that they went through to get where they were.
Where can you look for mentors if you have no one at the moment? This is what many people ask me from time to time.
Build connections: Networks are not built overnight. As you expand your social circle to include successful people, you will start to find people who could potentially guide you to where you want to go.
Be inquisitive: People will only want to mentor someone who has the attitude for success. While at the beginning you might lack aptitude, the right mentality and motivation would attract the right people to you.
Keep learning: As you learn more, you discover you will have the vocabulary to connect with people. With greater proficiency, you would be able to speak at the same level as industry practitioners, asking smart questions, being able to understand jargon, and make an impression.
4. THEY VISUALIZE THEIR DREAMS IN DETAIL
Goals without dreams are dead; they become mere tasks rather than the exciting outcome that you hope for. It helps to have an idea of what you want; most people want to be wealthy but don’t know what it would look like.
What does a wealthy life look like for you? For YOU personally?
For some, it could mean having to work only 2-3 days a week. Financial goals differ from person to person, and it’s not just the monetary goal, but also the lifestyle goal. For me, I knew I wanted to have the luxury of making passive income even when I am travelling. This may not be everyone’s goal.
“How much money do you want to make exactly, and what would that lifestyle look like exactly?”
Many people want to lose weight. Losing weight isn’t a definite enough goal; Losing 12 kg by the end of 6 months is a definite goal. Many people fail to achieve their goals because they don’t even define their goals!
It’s also important to visualize yourself doing what you hope to be doing. Having a lot of money is pointless if all you are going to do is sit aroud with the cash; it is accomplishing the goals you have, those bucket lists, that make life worthwhile.
So what is it for you?
Grab a piece of paper and start getting your hands dirty. It doesn’t matter if you are old or young, experienced or inadequate; what matters is a willing heart and dilligent hands, and of course, a big enough dream that will knock you off your sofa and get you started.
Be specific about your goals. General goals generally don’t work. Specific goals help you to move toward exactly what you want.
Keep track of your progress. You never know if you are on the right path if you don’t take stock regularly. Even better, get a mentor to help you evaluate where you are.
Focus on the dream with its details. Keep reminding yourself of where you eventually want to be. Otherwise, you’ll just lose steam and burn out, bum around, and end up not getting where you were heading toward.
5. THEY DO NOT GIVE UP OR QUIT
If you’ve got your foot into the investing arena, you would be familiar with financial losses. It is at this point where your mettle is truly tested; is this what you want? Are you willing to sit through heartache and tough lessons to get where you want? Is the life you left behind really worth going back to? Do you still believe in the dream you have?
When that business fails, would you stand up again and start all over? When you family doubts you and the pressure to provide hits you, will you continue to stand by your dream? People want the glory without the trials and training. Just take a look at the infographic below that I found:
Source: Anna Vital (Founders & Founders)
I also came across this interesting quote, which I thought was very useful in clarifying what we really value. Millionaires invest their money and make investing a priority, while poor people spend their money first and make spending a priority.
Source: Gecko and Fly
Always, always seek to make investing your primary objective. Invest your time, invest your money, invest in your team if you are running a business. Invest, invest and invest.
Is investing your primary objective, or is spending your primary objective? Would you be willing to delay gratification, in order to enjoy a lot more in the future, far more than you can ever imagine?
Do not quit. Ensure that you have made a commitment. Tell your friends, and engage people to keep you on this path.
Invest your money, your time, and in your team. Investing is what multiplies your returns in the long-run. Keep at it!
Prioritize learning, rather than earning. It pays to be more proficient at what you want to do. When you are starting out, make learning a priority, and the profits will come eventually.
Don’t give up on your dreams!
Feel free to share this with people you know who are working hard toward their dreams, and striving to build their first pot of Gold. And with these 5 actionable steps, you’ll be one step closer to your first million! 😀
Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.
https://synapsetrading.com/wp-content/uploads/2016/11/singapore-millionaires.jpg427816Spencer Lihttps://synapsetrading.com/wp-content/uploads/2019/10/logo.jpgSpencer Li2016-11-16 06:17:012021-10-04 22:40:41Personal Checklist: The Top 5 Habits of Singaporean Self-Made Millionaires
Thank you everyone for making this an awesome day! 😀
Also, I want to thank everyone who has supported us all these years, from an unknown blog to an established training firm with hundreds of succesful graduates trading real accounts and making real money.
We have a lot more exciting stuff planned for the next few weeks (and also the next few years), so stay tuned, because we are going to transform the trading and training industry by raising the bar! 😀
Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.
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.
6. Learn from history and previous success as well as failures. Some of my favorites books are biographies, you get to learn a great deal about some of the greatest characters in history. Don’t be surprised to learn that a lot of successful people in history had to overcome a tremendous amount of adversity and failure before accomplishing greatness. If you study the great characters enough, the lessons and examples they have set can be just as valuable today.
7. Ask a lot of whys. Usually 5 whys in a row will help you dig out the truth of the matter. I stole this idea from the book “The Lean Startup”.
8. Work with smarter people, people who like to hack mostly. Learn, steal their ideas, they won’t mind. How else do you stand on the shoulders of giants?
9. Travel as much as you can afford, you will have a much broader perspective. Go get your passport already!
10. Laugh at adversity, have fun. Life can be really hard, don’t take it personally, even Bill Gates have really really shitty days. It always gets better.
11. Don’t be a victim, don’t make excuses. Nobody gives a shit about your problems. I can’t live off whining about how life isn’t fair! Some say inequality is a fact of life, but I never wasted much time bemoaning it. Embrace your dire circumstances and make the best of it, adversity is a blessing in disguise.
12. Learn a trade that can make you money in good times and bad. I personally can always fall back on my trading no matter what. This makes me fearless. For that matter, I can fall back on all kinds of jobs and functions I have done. I can work as a bookkeeper, a stockbroker, a trader, a salesperson and so on. I almost certainly can start another business and build it up from scratch, I am the jack of all trades.
13. Find an outlet for your stress. When I really really feel like I can’t deal with things anymore, or just don’t want to face anything, I get in my car and go on a road trip, all by myself. When I didn’t have much money, I spent my zen time listening to music, mostly classical music to escape.
14. It’s good to have a chip on the shoulder, it gets you motivated. But it is an annoying personality quirk too, so balance it well.
15. Maybe you are just not born with it, I mean motivation. I have always been obnoxious ever since when I was a kid. I constantly challenged the elders, the status quo and always wanted to do one better. I don’t think it has changed even all these years later. As my wealth and the resources available to me has grown, I want to do even more. People around me are used to me saying “why not” all the time. Why can’t you do it this way? Why can’t you do better? Why not me? Where are you weak?
16. One of the reason the West lead in development for the past few centuries is the fact for the first time in mankind’s history they allowed the creative class, the entrepreneurs to actually keep their money. This allows wealth creation and built in motivation for people from all walks of life to strive to push themselves to accomplish more.
17. Don’t believe the BS about inequality. The real inequality is the level of personal drive and intelligence. I came from nothing, dropped out of college with IQ no higher than George Bush. If I can join the 1% 3 times, so can a lot of people.
18. Yes, it is you against the world. There will be all kinds things that “conspire” to put you down, but so what? But even at my darkest moments, there are inspirations I look for to lift myself up.
19. Learn how to sell. This is perhaps one of the easiest way to get above everyone else. Whether you are a doctor, lawyer, accountant or any other professional, you will notice the ones on top are usually people who can sell. They sell themselves, they sell their ideas, they sell and motivate others to do their bidding (this is scaling). Bottomline, sales people are some of the highest paid out there, and it requires no specialization or education.
20. Don’t take yourself too seriously. Make sure you are having fun. The American cliche about working on something you love or having passion is grossly overrated. It is far easier to find something you can fun in. Business can certainly be fun. Often times fun and not taking yourself too seriously can be the key differentiator for your business success. Who wants to do business with a bunch of boring and sour puss?
21. For most people this is the part that is hard to take: you will never get rich working for someone else. You might still be able to join the 1% if you have a highly paid job, but you are still someone else’s wage slave.
22. I am probably going to offend a lot of people with this one. Yes, I am Chinese, or what might be considered a minority in US. I have personally experienced what some might considered racism, but I never let it get to me. I simply try harder. You will be surprised that even racist appreciates someone who doesn’t give a f*** and simply out hustles. Effort is infectious!
23. You have to know how badly you want to succeed. Some of the comments I see out there regarding this more or less suggests that I am not the norm and I got to where I am by luck. I will admit that I have been incredibly fortunate, but much of it had to do with the desire to succeed.
24. It’s OK to be a generalist. Being a generalist because I tried and failed at so many things is the real reason I am where I am today, but being able to synthesize all the things I learned from different aspect of work and life is the ultimate triumph.
25. Pursue what you love is so overrated. My burning desire to succeed in business is what will actually allow me to pursue what I love, now that I have the time and resources. But does this mean I hated what I did all these years? Absolutely not. I loved trading, I love being engaged and building business, I love motivate people and see them do amazing things with abilities they didn’t think they have. I loved the process of building a business.
26. If you are a young man just starting out in life, this is the advise I got from someone years ago and I still try to live by it today: Try everything in your twenties, you aren’t going to be any good at anything anyways, people have low expectations from you so don’t worry about failing or being lousy at what you do. Have fun, try everything!
Try and figure out what you are good at in your thirties. Maximize what you are good at in your forties.
27. If you are starting at the bottom, regardless of your age, remember this one simple rule: always deliver more than what is expected. I don’t care what job, what industry, or just how menial the task is, go above and beyond what is required. If you always do more, or delivering more value to your boss, your employer, your partner, your significant other, there is no way you won’t succeed at what you are working on.
28. Be different, even if it means being different for spite. In business, companies are being told to be innovative, differentiated in order to be more appealing to consumers and be better competitors. If you copy what they do, you are merely trying to play a game that is perfected by them! Even if you are good, work hard and so on, you are not likely to beat them at their game. You should play a different game, a game played on your terms, perfected by you!
29. Money doesn’t define you. Please learn from my mistakes! When I was this raging asshole with money back in my late 20s, I was foolish enough to think money is my identity. Plenty of people make this same exact mistake. The problem with having your ego tied up with money is that when you fail, like I did, your ego will get crushed along with it too.
30. Learn to say no. Most of us want to be loved, approved of, fit in, popular and so on. Unfortunately this also means saying a lot of yes when you really don’t want to for fear of offending others. I am not a baseball fan, but there is this expression in baseball called the “fat pitch”. It basically means as a batter you don’t swing at every pitch that is coming at you, you patiently wait for the statistically high probability pitch because you only have limited chances at swinging. You need to think life and business the same way. Take charge of your time and effort.
31. What if you are just not smart! Don’t sweat it! Well, I am not so sure there is a strong correlation between monetary success and intelligence. If anything, there might even be somewhat of inverse correlation! This is not to say the dumber your are the more likely you will succeed. Persistence and doing the things that just aren’t glamorous can pay off big too, but it tend to take time. I used to scoff at the turtle vs. hare story and thought I rather be the hare. Now that I am much older, I realize the secret to enduring success is winning over time.
32. Always be long term greedy! Most people are selfish and greedy, they just don’t want to admit it. I have no problem with being greedy. But what I cannot stand is being short term greedy. Being long term greedy means you do the things that might not pay off right away but it will help you build sustainable business and hopefully wealth over time. If you treat your relationships with people with this mentality, you will be far less stressed out (you are not spinning your wheels all the time). Always ask yourself when you engage with people in business and life, am I being short term greedy or long term greedy? Do I want a transaction or do I want a relationship?
33. Money is a tool. I didn’t need all that much money to build the business (remember, it took us $45,00 to build what is now a $100M business), I didn’t need all that much material possessions to feel safe and secure, but why am I still trying to make so much money?!!! The answer is simple, it really isn’t about the money, it is about having the tool to do things. I now understand why Richard Branson gets into so many businesses! It is just plain fun!
34. Don’t do business with dodgy people. You know who those people are, most of us can feel it in our bones. Due to circumstances, we sometime overlook and override our gut instincts and end up doing business with questionable people. It will unfortunately boomerang and come back to bite you, just like what happened to us. There is no such thing as laps in integrity, you either have it or you don’t.
35. Are you a choice maximizer or a choice satisfier? Some of us agonize over decisions on all things in life, then there are people like me, able to make snap decisions and be perfectly happy with our choices. The folks who agonizes over things will spend a great deal of time doing research, slicing and dicing over their decisions to make sure it is the “right” one. Often times, even after the decision is made, they will spend a lot of time second guessing their choices. Needless to say, these people tend to be unhappy, unsatisfied a lot of times.
36. Learn how to spot opportunity. Life can throw you a wrench sometimes to make you feel miserable. But it does the same to the rest of the world as well! When the whole world is in crisis mode, people and businesses are in turmoil, as humans, we simply want someone, something to step up and turn things around. If you are an entrepreneur, there is no better time to start or invest in your ventures when there is a crash or recession because pretty much everything is cheaper and you will have far fewer competitions!
37. If you are aiming to get into the 1%, you are aiming too low. My point is, at the current time, I believe we are at the golden age for entrepreneurs. There has never been a time one can have so much access to computing power, exponential scalability and the abundance of cheap capital, resources. If you work hard, work as an individual contributor, you can get to the 1%. If you really want to go far beyond just the 1%, you should aim much much higher. Aim to solve problems on a massive scale, because the resources are there for the taking. I will repeat the old cliche in business, if you solve people’s problems, money will come. If you solve massive problems, you can expect massive wealth too.
38. I don’t know why it took me this long to get to this point, which is be persistent. This isn’t a secret. Persistence wins by default. Think about it, you don’t have to be good, you just have to be around when everyone else gives up. That is what happened to my company during the “Great Recession”. Persistence does something else too, instead of worry about being judged based on someone’s disadvantaged beginnings, you now have control on how you finish.
[This is an excerpt from a response in Quora to the question, “How can one become part of the 1%?”. The full story can be found here: https://www.quora.com/How-can-one-become-part-of-the-1/answers/8734078]
Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.
https://synapsetrading.com/wp-content/uploads/2019/10/logo.jpg00Spencer Lihttps://synapsetrading.com/wp-content/uploads/2019/10/logo.jpgSpencer Li2015-11-10 07:27:042021-10-04 22:41:00An Inspirational Story: How Can One Become Part of the 1%?
Most people are smart with small sums of money, but unwise on big decisions
Source: Vulcan Post
