Many people have preconceived ideas about investing. Their images of an investor usually come from what has been seen on Television.
They imagine Wall Street or similar movies and see investing as high-pressure watching screens and tickers all day and making instant make-or-break decisions.
Thank goodness the life of an investor is much simpler than that.
My definition of an investor is someone who invests their time and money into making more money.
There are only 4 categories in which money can be made – business, property, digital and commodities.
If you own a business, have some shares, own a property or two, or have some gold or silver coins, then you are an investor.
The wealthiest people in the world start their life as an investor building a business. Bernard Arnault built LVMH and is as I write this the wealthiest person. Elon Musk’s business is Tesla and Jeff Bezos created Amazon.
Once they have built a business, the wealthiest people keep building or acquiring more business and then invest in shares (digital assets), property and commodities.
A business is one of the biggest investments anyone will ever make.
Business is an income-generating asset. It is the backbone for making money to invest in other types of investments.
It’s one of the reasons the first thing we cover in Zero to Millionaire, Building the Foundation is how to create cash-rich businesses right from the start.
Get the business right and you have money for other investments.
Get the business right and you have money for life.
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