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How Luck Can Change Your Life

18,000 of the world's top investors come from around the world to attend and listern to Warren Buffet, Bill Gates and Charlie Munger at the Berkshire Hathaway Annual Meeting. I try to go every year.

The interesting thing is, they should have taught us all the stuff in school.

You can come to this annual meeting and learn more than you learn in two years of school, because one of the things they forget to teach you in school is about investing money.

Which basically means you're gonna be a salary slave for the rest of your life because the true definition of investing is making your money work for you while you sleep. That's passive investing.

Active investing, or you know getting a job, is where you invest your own time, your own energy, your own money to make more money, but the problem is you and I run out of energy, and we run out of time.

So one of the things the top investors talk about is setting a small amount of money aside and putting it into something that makes money for you while you sleep. Use other people’s energy and other people’s time. Don't be a salary slave your whole life.

If you only have income from your own occupation then you’ve guaranteed to limit yourself to how much time and energy you can put into your occupation. The most that’s possible is 24 hours a day, 7 days a week, 365 days a year, and that’s if you don’t take a single second off…ever.

That’s why the world has become enslaved financially. You got 1.2 trillion in college debt, just in the United States, that’s not counting credit card debt, not counting long-term debt like mortgages and things like that. Some debt is okay to have, but not when you’re a slave to it.

One of the things you’re gonna have to do is self-educate. Trust me, by the time the school system figures out how to do it right, it will be too late for you and I, in terms of what we learn in school. So you got to replicate the school system, but in a way that’s advantageous to yourself.

In general one of the things that changes your life the most, and there’s a good book on this by one of the top business writer’s Jim Collins, are luck events of who you meet. I went to the Omaha Nebraska Berkshire Hathaway Investor meeting because being around other investors increases the chance of a luck event happening. I deal in-person, but when you can’t do it in-person, it can be through a book or through a video that teaches you how to become an investor.

Life not just all about facts though. It’s not like you just invest in real estate or invest in the stock market and automatically you make money. No, it’s more sophisticated than that. Doesn’t mean it’s hard, it can be easy if you know what to look for. You have to pick up vibes from people, their habits, their intuition, that’s how you become a great investor.


Stay strong, 

Tai Lopez
http://ll.ellen828toprosperity.mysalessystem.com/

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