Money has no grey areas. You either make it or you lose it.

24/07/2019
Posted in Blog
24/07/2019 Mduduzi Luthuli

Bezos: “[I asked Warren,] your investment thesis is so simple…you’re the second richest guy in the world, and it’s so simple. Why doesn’t everyone just copy you?

Buffett: Because nobody wants to get rich slow.”

The Warren Buffett approach is appealing to me from a wealth-creation perspective. It teaches that anyone with a stable income, knowledge and discipline, can become financially independent.

Most of the reasons people go broke is not because they failed to make money but because they spent their hard-earned money on depreciating assets. They opted for instant gratification (a dopamine hit) as opposed to diligent investing (watching paint dry).

“Once you’re wired for distraction, you crave it.” – Cal Newport

I hate to be the one to deliver this news to you, but a wealthy person’s relationship to money should actually be pretty boring, if you are doing it right. There’s no secret to this thing.

  1. Pay Yourself 1st
  2. Invest in what you understand and believe in
  3. Wait

After that, work will be optional, and money will become simply an appliance to you.

Like clean, drinkable water from a tap, it is essential to basic life, but it fades into the background once you have enough of it. Once you have flushed out the false excitement of consumerism, a busy career, and financial drama, you get to create an actual life for yourself instead.

What do you really want out of life?

 

 

 

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Any fool can know. The point is to understand - Albert Einstein