This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
Do you want to be broke or wealthy?
To make money and build wealth, you have to invest.
That investment could be any of the following:
Time
Money
Knowledge
Eventually, you will need to invest money.
If you don’t invest your money, it burns and deteriorates due to inflation.
But people don’t like investing because when you invest your money, you set yourself up to potentially lose money, and people hate losing.
For most people, the reason they don’t win financially is because the pain of losing money is far greater than the joy of being rich (Robert T. Kiyosaki).
Which desire is strongest for you?
The desire to build wealth.
The desire to stay safe.
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Whichever desire is strongest will create your financial outcomes.
Emotional Regulation Is Important For Investing
I was always an unemotional investor.
When the losses come, they come.
When the wins come, they come.
I don’t necessarily celebrate either way because the balance will increase no matter what happens.
When you invest prudently, the value of your assets increases – whether the your investments are winning or losing.
And if your assets are losing, they will bounce back, or there will be another opportunity you can seize to create a better avenue for your money.
If you’re not investing your money, you’re not winning.
If you’re scared to lose money and desire to build wealth the slow way, great, but understand that means you should start investing when you’re 20.
Most start seriously investing when they’re in their 30s, 40s, 50s, and 60s.
If you’re in these age brackets, these are the times when you must take more calculated but prudent risks to help you bridge the gap (and make up for lost time) as much as possible to build wealth.
The only way to take prudent and calculated risks is to study, learn, and acquire knowledge.
The more you learn, the more informed decisions you can make with your money.
The One Thing All Wealthy People Do With Their Money
Wealthy people put their money to work.
They don’t let it sit around.
And the more money they put to work, the harder their money works for them.
I recall a professional athlete’s financial manager coaxing him to invest more money.
Once he understood how much winnings he could earn from his investments, he was sold and started investing even more than his financial advisor originally proposed.
Wealthy people invest their money by taking calculated risks.
They’re comfortable taking risks because of the potential rewards, which are usually always on the other side of risks.
Broke people stay broke because they never take risks.
It’s not sexy NOT to be an investor.
When I have conversations with 40-year-olds and ask about their financial status, too many say they need to get started or know better than to invest their money, which is why they’re broke.
Do you want to be broke, or do you want to be wealthy?
Will The Market Go Back Up? I Don’t Know & I Don’t Care. Are You An Emotional Investor?
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.