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I have been talking to my friends and workmates who are almost of my same age, which is in our early 30s, about personal financial management. Some are even younger. And yes, they are considering growing their money in the stock market.
But there may also be some, readers of this blog or other articles about stock market investment, who are wondering if they could still be wealthy even if they are in their late 50s.
Making millions in the stock market takes a long time, around 20 years at least. This is the main reason why we are encouraged to start at a young age. But if you want to grow your wealth in 5 years, do not look at the stock market. As what my mentor says, look at entrepreneurship.
Work on Your Cash Machine, Not on the Stock Market
When I attended the Truly Rich Club's Wealth Summit last March 2013, I met the Mastermind group of mentors. All of them are very wealthy now. Each of them started from a small business from various industries. And now, the Stock Market is multiplying what they are earning through their businesses.
Business and the Stock Market
If you are still young, I encourage that you do the same. Do what the rich do. Get into business, preferably a business that is related to your passion and core gifts. Then grow your earnings in the stock market.
Be very blessed!
