Doug Casey is an extraordinarily successful speculator / investor, rascal, ranter, and raconteur. Here he expounds on the concept and value of wealth.
A Few Radical Ideas About Wealth
Additional thoughts on growing wealth from Casey:
[FONT=Verdana, Arial, Helvetica, sans-serif]Step 1: Liquidate. Chances are high that you have too much "stuff." That stuff is costing you money in storage cost, in depreciation and in the weight of psychological baggage. It's weighing you down. Get rid of it.
Step 2: Consolidate. Take stock of your assets. After Step 1, that should be a lot easier.
Your main asset is knowledge, skills and connections you possess. Take stock of them. What do you know? What can you do? Whom do you know? Make lists and think about these things, with an eye to maximizing their value.
Step 3: Working for yourself is the easiest way to create. At least turn your present employer into a partner or an associate.
Think like an entrepreneur at all times. Remember that there is an infinite desire for goods and services on the part of the 6 billion other people on the planet. Find out how you can give them what they want, and the money will roll in.
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A Few Radical Ideas About Wealth
Additional thoughts on growing wealth from Casey:
[FONT=Verdana, Arial, Helvetica, sans-serif]Step 1: Liquidate. Chances are high that you have too much "stuff." That stuff is costing you money in storage cost, in depreciation and in the weight of psychological baggage. It's weighing you down. Get rid of it.
Step 2: Consolidate. Take stock of your assets. After Step 1, that should be a lot easier.
Your main asset is knowledge, skills and connections you possess. Take stock of them. What do you know? What can you do? Whom do you know? Make lists and think about these things, with an eye to maximizing their value.
Step 3: Working for yourself is the easiest way to create. At least turn your present employer into a partner or an associate.
Think like an entrepreneur at all times. Remember that there is an infinite desire for goods and services on the part of the 6 billion other people on the planet. Find out how you can give them what they want, and the money will roll in.
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