Great wealth, vast fortunes, and mega-rich were created during the Industrial Revolution. The same is going on today during the Information Revolution.
** Trends and changes that changes the economy
Use active income -> Invest in asset -> Generate passive
** Value investing - buy good company at sensible price
ABCD
- Assess
- Buy (when to buy, how much--buy when reach good value)
- Cash flow(options)
- Direct compound
**After every crisis, recovery follow
Example of good stocks: Ebix, Kors, hlf,
Motivation
Understand the WHY that push you.... Take action....
Steps
Good company has good track record, consistent profit
Buy below value, sell above value
Come up with shopping list
To read: The snowball
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