Capital Preservation vs Capital Multiplication
“You can’t get rich making a 7% return; at least not quickly.”If you want to build serious wealth, you need to heed this advice.Capital Preservation is a completely different game than Capital...
“You can’t get rich making a 7% return; at least not quickly.”If you want to build serious wealth, you need to heed this advice.Capital Preservation is a completely different game than Capital Multiplication.Sure, if you want to retire comfortably, it makes sense to invest in the stock market, hit your 7% return relatively safely, and let compounding interest work its magic.But if you want to get rich, and before retirement age, you need Capital Multiplication.Do the math: 7% of $10,000 is just $700That'll take many years and compounding interest to qualify you as an accredited investor based on net worth.You need to make that $10k into $100k. And then multiply that $100k into much, much more.Easier said than done, right?Believe it or not, Capital Multiplication opportunities exist everywhere.Wealth building, like any other discipline, is a skill that you need to develop over time.Check out my most recent Skills Series episode "Rocket Fuel for Net Worth"#MHP_IRL#MHP#BuildWealth#startingwithnothing#sidehustle#mobilehome#networth
