By John Sage Property Developer
Welcome to Part One in the Rules of the Game series! If you haven’t had a look at the very first post,I suggest you go back and read it to make sure that you have actually captured up to speed.
In the last post,I pointed out that there are rules to all things in life,and as the old stating goes,rules are suggested to be broken. At the end of the entry,I pointed that I would begin showing you specific guidelines to follow to produce wealth. Well,I’ll admit,I pulled a quick one on you. Here’s the thing:
The are no guidelines!
That’s right,when it concerns wealth production,there aren’t any guidelines,and any guidelines you might have heard from some online investment master are phony. Today,I wish to make the effort to strip you of the idea you require to play by the rules because the truth is,anyone that succeeds didn’t arrive by playing by the rules.
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What I Mean by “No Guidelines”
Prior to we enter into it,I need to take a second to make one thing perfectly clear: when I state “there are no guidelines” I don’t mean it’s time to run hog wild. There are still laws in place,and specifically when it comes to investing and producing wealth,you need to make sure that you’re following them (you won’t look excellent in an orange jumpsuit).
But apart from the rules set by governing bodies,you shouldn’t hold yourself to any guidelines produced by somebody else. Consider it; all of the best wealth creators of the past and modern century got to their level by following their own rules.
You Need to Be Innovative
Every effective business owner had to get creative to make it to where they are today. If you desire to do something that’s never been done in the past,you can’t follow the rules set by individuals that haven’t done it (aka practically everybody!).
If you’re severe about earning money hand over fist and making something of yourself through wealth production,you need to get rid of previous conceptions of how things work. Innovators in every industry constantly find a brand-new way to do things. Take Elon Musk for instance. Everybody said that it was difficult to create a line of mass-produced electrical vehicles at a budget-friendly level. Fast forward a few years and Tesla automobiles all over the roadways.
You Need Ethics
Even with all of this talk of tossing the rule book out the window,this does not imply you need to be lawless,without values,and so on. Instead,I desire you to create a list of rules that will guide you through your wealth production journey and keep you truthful in your income generation.
This can be simpler said than done,however we’ll cover this in future post. Till then,I desire you to consider the guidelines you’ve thought to be real about wealth development. Whatever they are,start questioning them. Are they truly true,or can you forget these rules completely?
Stay Tuned
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Resources: https://www.austrade.gov.au/International/Invest/Guide-to-investing/Investing-in-Australia