Friday, 1 January 2016

RULE 61: There Are No Secrets


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Ex-First Lady of Nigeria Dr. (Mrs.) Maryam Abacha with a Cheff

Just as there are no get-rich-quick schemes, so there are no secrets - so don’t go buying any of them either. You will be offered loads. Once your attention is focused on becoming prosperous, all sorts of offers are going to come at you out of the woodwork. And they’ll all offer to let you in on the secrets only the really rich know.



You’ll get offered very expensive newsletters that will tell you the hidden secrets of Wall Street, how to play the Stock Exchange and win, how to invest and make a fortune, how to move your money around in offshore accounts to avoid paying taxes. And it’ll cost you so little! All you’ve got to do is sign up for 12 monthly issues. 
“The secret of making money is that there are no secrets. You buy something and if you sell it for more than you paid, you’ve done well. And that applies to anything and everything in the financial world”
Guess what? The only secret being sold is the one that says there’s a mug born every minute. And now you know that secret, you too can just say no. No one but you is going to make you wealthy. No one in the whole wide world. They don’t know more than you. They don’t have access to any more information than you do.
The secret of making money is that there are no secrets. You buy something and if you sell it for more than you paid, you’ve done well. And that applies to anything and everything in the financial world - stocks and shares and investments and property portfolios and ISAs and budget funds and finance management and commodity futures and FTSE and gold reserves and conch shells. One of the earliest rules we had to learn was that only industrious people can be prosperous. Can you see why now?
You have to put in a bit of effort to learn how to do it by studying the wealthy. If you think there are shortcuts, like buying get-rich-quick schemes or buying secrets, not only are you going to be disappointed but you’ll be worse off than if you hadn’t invested in such nonsense. Lazy people not only don’t get rich but they often end up poorer because they look for such shortcuts. 

From The Book; The Rules of Wealth by Richard Templar
(Read Rule 62 of Rule of Wealth tomorrow on Asabeafrika)

Read-to-Wealth Series

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Gbenga Dan Asabe

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