To Be a Millionaire, Don't Park and Pray
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I often talk about new conversations around money, Cash Machines and launching your Wealth Cycle, making millions and achieving financial freedom. Assets to income, income to assets. This is the Wealth Cycle -- the secret to creating and sustaining wealth that the wealthy have used for generations. On investing, I mention what I call "Park and Pray": how people park their money in traditional Wall Street stocks, IRAs or 401(k)s and pray for financial security down the road. This is a plan for poverty. In my wealth-building community, Live Out Loud, we teach how to invest directly in assets with double-digit returns. Yes, double-digit returns, with no middleman taking a cut of your money. Wealth Cycle Investing is how you generate the cash to invest in more assets, build your passive income and fuel your Cash Machine. I don't know about you, but if I am going to make the effort to invest, I want to get wealthy doing it. Why should I own big oil or gas company stocks, when I can own oil wells directly? This is what Wealth Cycle Investing is: owning the assets directly. You can be an active investor, very involved in the operations, or a passive investor, providing capital and trusting the management team. Either way, you are never distanced from your investments.TheStreet Premium Services For Personal Service: 877-471-2967
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 12,776.59 | 1,341.00 | 2,906.52 | 19.79 |
Oil *
117.26
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DOWN
113.87 |
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10.95 |
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20.71 |
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0.68 |
10 Yr
1.98%
SPDR Gold
167.09
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-0.88%
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-0.81%
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-0.71%
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-3.32%
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