Thursday, 5 November 2015

RULE 23: Speculate To Accumulate (No, This Isn’t Gambling)


By on 05:00
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Olufemi James Adejunwon aka Skoba, Lotto  Expert


We all know the actor who achieves overnight fame after one starring role and everyone says how lucky they must have been. Luck? They starred in every school production. Studied at drama school for three years. Worked their socks off in some dreadful soap. Slaved on the stage for the whole run of Mind Your Manners by Agatha Christie. Played an extra in Extras.

Did pinto every Christmas --playing the pumpkin of course. And finally landed their plum job, their starring role, in some deservedly successful film. And everyone says, ‘How lucky you are!’
Getting wealthy is a bit like that. You toil away for years and suddenly you are lucky. You scrimp and save and sacrifice and gosh, how wonderful to be touched by fate’s fickle finger!


 “If you don’t bet, you don’t get. No, no, no. I am not suggesting gambling in any sense. If you invest on the Stock Exchange, after wisely taking advice and studying the companies and their performance, this is the safest form of gambling”.
Well, the truth is that you have to speculate to accumulate. You have to be in it to win it. If you don’t bet, you don’t get. No, no, no. I am not suggesting gambling in any sense. If you invest on the Stock Exchange, after wisely taking advice and studying the companies and their performance, this is the safest form of gambling. If you stake it all on red, this is high risk gambling. If you work your socks off for 20 years and finally it pays off, this is not gambling.
 Speculate has in fact four meanings - to discuss, to think deeply, to invest and to believe in something not entirely clear. I think that about sums up our pathway to prosperity
 • Discuss - talk to all and sundry about wealth and see what others think and do. Study them closely.
• Think deeply - understand your subject.
• Invest - speculate with your time and effort and life.
• Believe in something not entirely certain - there are no guarantees, but you should be able to shorten the odds considerably if you follow the rules others have forged for you.

I know you might’ have thought I mean you to speculate with your hard-earned cash. I don’t. I mean you to speculate with your time and effort, forethought and planning, energy and dedication. The more you put in, the more you’ll get out.

On the other hand you could go and blow it all on red.
Only joking!

From The Book; The Rules of Wealth by Richard Templar
(Read Rule 24 of Rule of Wealth tomorrow on Asabeafrika)


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1 comments:

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