Millionaire Mentor University - Page 40

9. The problem with secure investments is their sanitized, there made so safe that the gains are minimal and broker fees, costs, inflation, and taxes, wipe out virtually all of it. 10. Don’t make investment decisions on what happens 1% of the time. 11. Buy things they’re not making any more of, art, land, the rarer the more valuable. 12. Stocks bonds and mutual funds are the highest taxed and lowest return investments in the world. 13. A fool with money to burn sometimes meets his match. Know how much you’re willing to lose. 14. Diversification is protection against ignorance It’s like saying I don’t know which is the best so ill pick all of them. 15. Find out how much skin in the game others have. If they have their money on the line it’s usually a better bet. 16. Consider the tax consequences of everything you do. Taxes are the greatest destructor of wealth. 17. You must be ready with education and experience when the window of opportunity presents itself. 18. You must question the motives of anyone giving you advice on investments of any kind. 19. The most important investment question to ask is not what will I make on the investment, but will I get back my investment. 20. A fool with a plan can outsmart a genius without one anyway. 21. If the opportunity to others is so good, why aren’t they keeping it to themselves/ You must find the answer. 22. I can’t believe out of one million sperm he was the quickest 23. Somebody has to stand at the curb and watch as the heroes walk by 24. Invest only where you have an exit strategy. 25. Invest only where you can control the outcome. 26. Making your own financial decisions is the only sure way to achieve financial independence. 27. The rich get richer partly because they invest in opportunities that are not offered to the poor and middle class. The best investment provides you with the most money when you need it the most. 28. The problem with secure investments is their sanitized, there made so safe that the gains are minimal and broker fees, costs, inflation, and taxes, wipe o ut virtually all of it. 29. You must question the motives of anyone giving you advice on investments of any kind. 30. The most important investment question to ask is not what will I make on the investment, but will I get back my investment.