Quote:
Originally Posted by Yamato
...or he could’ve simply been more skilled than you and actually known how to reinvest the money instead of snorting it away.
You see, the hardest part about being rich isn’t making the money, it’s maintaining the lifestyle you got used to after getting rich. That’s usually the point where the “financial experts” with 10 maxed out credit cards and a leased BMW start giving motivational speeches.
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100% correct. There are tons of success stories in this business who are fucking broke now. Or fucking working bullshit jobs now. Why because they got stupid rich and thought the money was gonna last forever. I could name 10 people big players who made way more money than me and who are now struggling or trying to reinvent themselves in this industry. I was smart. I lived really well when I was making the money. Traveled all over the world first class. Bought seven houses multiple cars, but I always made sure the first deposit on the first of every month was into my retirement accounts or other investments that we’re gonna be sufficient for my long-term goals. No different than sports stars who makes shit loads of money. They think it’s gonna last forever and then are now crying broke. It’s no different than any business where you make a lot of money fast. Nothing lasts forever. Nothing is permanent. So be smart. Make a plan. And stick to it.