The blog is titled "Get Rich Quick(er)" for a reason. And what is that reason? Well. Simply put. For the reasons hinted at in my first post, I want to get rich. Quick. BUT. I must heed the words of Solomon as I know them. I'm certain these have been put in many places before but I will chose the words from the Bible.
Proverbs
13:11
Wealth
gotten by vanity shall be diminished: but he that gathereth by labour shall
increase. (KJV)
Wealth
gained hastily will dwindle, but whoever gathers little by little will increase
it. (ESV)
Wealth
[not earned but] won in haste or unjustly or from the production of things for
vain or detrimental use [such riches] will dwindle away, but he who gathers
little by little will increase [his riches]. (AMP)
Easy
come, easy go, but steady diligence pays off. (MSG)
Proverbs
28:22
He that
hasteth to be rich hath an evil eye, and considereth not that poverty shall
come upon him. (KJV)
A stingy
man hastens after wealth and does not know thatpoverty will come upon him.
(ESV)
He who
has an evil and covetous eye hastens to be rich and knows not that want will
come upon him. (AMP)
A miser
in a hurry to get rich doesn’t know that he’ll end up broke. (MSG)
What am I getting from this? It means no matter how fast I wish to be rich, I have no choice but to do it gradually and to put in some kind of effort. The aim is to acquire wealth in such a way that I am doing something just with a degree of diligence. It means I must not be desperate to be wealthy. If it comes fastER than expected, fine, but don't expect it to happen overnight. It means I must be conservative rather than aggressive in my journey to acquire wealth no matter what means it comes about.
And so. First avenue I chose out of my own interest and experimentation from the middle of 2012 to the end of 2013 is the stock market. Now a word of warning. You should never, ever, ever, ever, ever, ever, ever, invest in the market unless you already have 6-12 months of living income secure somewhere safe simply because any money used for investment involves risking a 100% loss. With that said, here's what my brokerage account looks like at the beginning of this new year. The aim is to grow it 5-10 % monthly. I know it is possible because my experience in the past two years has taught me so. And while some see this as aggressive since reinvesting every amount earned means potentially doubling or tripling your money by year's end, it is really not. That's because I will be using a "subavenue", if I can call it that, of the stock market called options.
Have a Happy New Year building wealth!!!
And if you're a Christian, don't forget your 10% tithe. :-P
And so. First avenue I chose out of my own interest and experimentation from the middle of 2012 to the end of 2013 is the stock market. Now a word of warning. You should never, ever, ever, ever, ever, ever, ever, invest in the market unless you already have 6-12 months of living income secure somewhere safe simply because any money used for investment involves risking a 100% loss. With that said, here's what my brokerage account looks like at the beginning of this new year. The aim is to grow it 5-10 % monthly. I know it is possible because my experience in the past two years has taught me so. And while some see this as aggressive since reinvesting every amount earned means potentially doubling or tripling your money by year's end, it is really not. That's because I will be using a "subavenue", if I can call it that, of the stock market called options.
And if you're a Christian, don't forget your 10% tithe. :-P
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