Many guys follow television’s financial analysts advice to make investment decisions. But, the truth is that these self-proclaimed gurus lie, more often that not, and following their advice will make your money disappear. Here are some common lies I want you to think about…
#1. – You need them to make wise decisions
– Warren Buffett –
Sometimes it is hard for me to understand what television’s analysts talk about, and I have a degree in finance. Why? Because they make simple stuff sound complicated. They want you to believe that you can’t make wise decisions without their advice, or without the advice of the financial institutions that pay millions to advertise with them.
Wealth building principles have been the same for centuries. They are simple, and anyone can learn them. Self-made millionaires are not special. They are not born with a special talent; they just have the right type of knowledge.
If you want to quit the rat race, turn-off your T.V. and find a good mentor, with a proven track record, who is willing to share his knowledge with you. Just remember, simple works complicated fails. If your mentor is complicating things, run as fast as you can in the other direction.
#2. – They can predict the future
“I have never met a man who could forecast the market”
– Warren Buffett –
Television’s gurus want you to believe that they can predict the future with certainty. But, the truth is, no one knows what the future will bring. And according to Warren Buffett, one of the world’s wealthiest individuals, uncertainty actually is the friend.
You don’t need to know the future to make money, you just need to learn how to adapt and be the first to take action.
#3. – There are shortcuts to wealth building
Television’s gurus want you to believe that there are shortcuts to wealth building, and that they are the only ones who know them, so you need to listen to them.
The truth is that making money takes discipline. You can become a millionaire; I give you my word on that. But you need to stop looking for shortcuts, and avoid the people who sell them.
Develop the habits of the rich. Learn to think by yourself, make your money work for you, take consistent action, and I promise you will be the next self-made millionaire in town.