Once cash flow is established, it must be funneled into vehicles that work silently on your behalf. 15. The Law of Compounding Interest
Amateurs take giant gambles hoping for massive payoffs. Professionals look for opportunities where the downside is strictly capped, but the upside is virtually unlimited. Never risk your foundational security for a speculative bet. Protect your downside, and the upside will take care of itself. 15. The Law of Time Arbitrage 33 irrevocable laws of wealth creation pdf
Creating wealth is often viewed as a matter of luck, but argues in his book, 33 Irrevocable Laws of Wealth Creation Once cash flow is established, it must be
: Wealth should be built for a cause deeper than just having money. Professionals look for opportunities where the downside is
Own assets that increase in value over time.
Acquiring wealth is only half the battle; retaining it requires a completely different set of disciplines. 22. The Law of Capital Preservation
Once cash flow is established, it must be funneled into vehicles that work silently on your behalf. 15. The Law of Compounding Interest
Amateurs take giant gambles hoping for massive payoffs. Professionals look for opportunities where the downside is strictly capped, but the upside is virtually unlimited. Never risk your foundational security for a speculative bet. Protect your downside, and the upside will take care of itself. 15. The Law of Time Arbitrage
Creating wealth is often viewed as a matter of luck, but argues in his book, 33 Irrevocable Laws of Wealth Creation
: Wealth should be built for a cause deeper than just having money.
Own assets that increase in value over time.
Acquiring wealth is only half the battle; retaining it requires a completely different set of disciplines. 22. The Law of Capital Preservation