You have the car of your dreams, the nice home, the trips with friends, the "iToys", the life. You're successful...right? Of course! But that is no longer enough.
In today's topsy turvy global economy you are going to have to build a million dollar war chest before age 45 if you even hope to have the life that you think you deserve. And this isn't about retirement, this is about the by-product of success....income. High income to be more exact, high positions to be more explicit.
As you rise from young upstart to middle management and potentially to the top of the org chart it's not uncommon that you will experience lay-offs and downsizing. In the past your resume was enough to get you back in a job in the same industry. But the Great Recession changed all that. There are thousands upon thousands of young professionals who were clocking $100,000+ incomes, but are now walking the street looking for jobs. And they don't have any real prospect of ever returning to their previous level of success.
How about you? You are fortunate to still have a job, but can you guarantee that you won't get the ax tomorrow? Can you say that you can walk into another "good job" the next day?
Probably not, that's why it's important that you use your time and your youth to build a million dollar portfolio in ten years or less. Anything else you are doing to protect yourself (more school, training, networking) is a waste of time and money.
As you rise from young upstart to middle management and potentially to the top of the org chart it's not uncommon that you will experience lay-offs and downsizing. In the past your resume was enough to get you back in a job in the same industry. But the Great Recession changed all that. There are thousands upon thousands of young professionals who were clocking $100,000+ incomes, but are now walking the street looking for jobs. And they don't have any real prospect of ever returning to their previous level of success.
How about you? You are fortunate to still have a job, but can you guarantee that you won't get the ax tomorrow? Can you say that you can walk into another "good job" the next day?
Probably not, that's why it's important that you use your time and your youth to build a million dollar portfolio in ten years or less. Anything else you are doing to protect yourself (more school, training, networking) is a waste of time and money.
So how do you get there? How do you accomplish such a goal? Do you start a business? Take an extra job? You could, but how long could you work 80 hour weeks? Do you have the stomach and savvy to start a business? Probably not or else you'd be doing so already. Every employed person wants to start a business because they have the option of not doing so. Remember the 90's? Everyone was hell bent on retiring early and starting their own thing, then the Great Recession hit and they were begging to get back into Corporate America.
Look the answer is the stock market. The great thing about the stock market is that you can invest in great companies like Apple, Chipotle Grill, and McDonald's. Let the companies that are already successful grow your money.
All you have to do is invest...differently. For more info e-mail me at maurice@wilsonwealth.com
All you have to do is invest...differently. For more info e-mail me at maurice@wilsonwealth.com
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