Excellent Advice On How To Become Rich
 

Some excellent advice from famous and very successful investor Doug Casey. This guy is worth over a hundred million (probably plural) and has a habit of sharing some excellent advice on how to get there. Anytime a guy like this hands out advice for free, you just have to listen.

The video keys on his status as "International Man" and with a focus on the importance of getting education through travelling the world and "not being a plant" as he calls it. It also raises an excellent point which is that western people have a disproportionately big advantage in doing business abroad in countries where their English, Skills and Intelligence puts them above most of the local population.

He's keen to emphasise stepping out of the comfort zone to find opportunity. RandyRandy probably could tell you a thing or two about that and he's just one of many people who are doing exactly what Doug Casey prescribes.

Happy new year and I hope this advice will be useful to some of you or at least give you food for some thought about how to propel yourself to a higher level. It's still not to late to amend your new years resolution.

Thanks for sharing this.

Thanks its too long.

Too long to spend an hour watching something that might make the world of difference and positive impact on your entire life?

This is basically the reason why so many people fail in life. They want success but they're never prepared to do even a fraction of what it takes.

Here try this one and let me know what you think after, meanwhile im getting set for your video right now with a nice blunt :)

Indeed...there is no substitute for the knowledge gained from international travel. I have been to 25 countries and lived outside of my home country (USA) for long term in 3 different countries for a total of 8 years.

If you want to see how things really work then it is crucial that you get out of the bubble you live in and see the world and other realities. You will see that your reality is just one of countless scenarios. :2 cents:

Amen. People in the US always think the US is NUMBER ONE NUMBER ONE NUMBER ONE!!!! (And it IS, of course.) But these same people are amazed there are other (equally) beautiful places to live in this world. Ever been to Holland or the south of France? Thailand? Brazil? Fucking Prague?

Most Americans think they've seen the pyramids because they spent a week in Las Vegas.

Money is over rated

Shorter version :thumbsup

I saw the pyramids in Vegas. I saw Italy there too. I traveled the world all in a few hours LOL

Some good advice here, thanks for posting this

Definitely some good points but some negatives as well. Travel, working in other countries...no substitute for it. Thats great advice.
Some of what he's saying is a bit sociopath...but he is dead right about not becoming a "plant." That's a great analogy that explains many people.

Thank you for posting.

Well I've been to more than 200 cities in 50 countries and I've lived in 5 different countries but not everyone can do that easily with small amounts of capital. I'm wealthy but I'm also no spring chicken although I was when I joined GFY.

Casey is a legend but as for the Kreil video you posted. I started out thinking this was a pile of crap but passed the 40 minute mark, I've realized that this is "Excellent Advice" and I recommend people watch both videos even though they're long. I 100% agree with his advice, especially ditching the smartphone (I never owned one), understanding assets/liabilities, the sad people crossing the bridge, mainsteam media is useless and avoid it so don't allow yourself to be brainwashed. You can see why this guy is successful - he can think for himself.

The key thing about taking advice from successful people is that you NEED TO KNOW who to listen to and you need to know good advice when you hear it.

Singapore is Asia for rich people who've already made it - its not viable for most people. However, if you want to make it you need to head out to Asia and get hardcore in Asia main and if you can't afford it, start with cheap countries like SE asia and Vietnam or Thailand. Or do a Steve Jobs and get some spiritual awakening travelling all over India or even Africa (the new emerging market).

Travelling the world is not enough. Like the Casey guy, over the years when I hit a new city I talk to the taxi drivers, I talk to people in bars, make local friends, screw some chicks and really get into peoples brains and see what makes them tick. You have to BROADEN YOUR HORIZONS so get some balls and head out.

And the funny thing about the "sad people crossing the bridge" in Kreil's video is that they all think they're living the life. In reality they're just hamsters on a treadmill :2 cents:

and thanks for posting

It's about seeing the situation from the other side.

Empathy.

I have friends who still think Asia and Africa is third world. Even India isn't third world and hasn't been for over a decade.

In terms of GDP, Military, Accumulated Wealth and some other criteria, sure. However, China, Singapore and parts of the Middle East have better overall infrastructure than the UK, Germany or US but of course people only know what see on TV.

cliff notes please

lol, judging by what ? prices of medical treatments ?

Why is it always poor people in tiny rooms telling other people how to be rich on Youtube?
its like a 400 pound person making videos to teach others how to be thin

These videos are for people who want to improve their life. It's not for you.

Doug Casey and Anton Kreil are poor? Only because you're wealthier than Rockefella :1orglaugh

Not yet fiddy "advised" people applying for a Euro visa to become less introvert to become rich...:helpme

Hey, I've heard of him before. Thanks for this. I gotta watch it now.

:2 cents:

Good video, gave me couple of ideas.

SELL, SELL, SELL

That's all there is to it

As Kipling said, "What do they know of England, who only England know?”

What that means is that if you lived most of your life in your home country and have not gone outside, you wont gain the perspective to REALLY know about your home country. It's only when you go outside do you really gain perspective about it.

In my case, there are so many things I learned about the UK only since I travelled to many other countries. About the people and their motivations, their behaviors, the culture, the perception, the life, the infrastructure, the government, the economics, where your country fits in the world and how it is placed in the world and so on.

Apart from all that, the experience and knowledge you gain by seeing the rest of the world and learning about it totally changes the way you think and you definitely will understand the world MUCH BETTER than you did before. You will meet people you never ever would have met before.

Another plus is that if you ever return to your home country and join the work force, the travelling you did adds huge value to your Resume because it makes you totally stand out and, if you're in business, somehow there is a large and significant chance it can also make you wealthier because you may have discovered some good arbitrage opportunities along the way.

What Anton Kreil said about this is basically to the point. :thumbsup