Good investing is not about making good decisions. It’s about consistently not screwing up. There are a million ways to get wealthy. The only way to stay wealthy is some combination of frugality and paranoia. ● Money success in a single word: survival. The ability to stick around for a long time without wiping out, or being forced to give up, is what makes the biggest difference. ● Getting money requires taking risks, being optimistic, and putting yourself out there. ● Keeping money requires the opposite of taking risks, it requires humility. CURATED FROM: The Psychology of Money Thoughts on this?🤔

If you missed Day 4, it was all about partners, managing risk and protecting your money, so it is really important that you watch the recording. Here’s a summary of what we covered: 👉 The most important way to manage risk is choosing the right partners. 👉 The 3 Golden rules on how to find the right partners and avoid the mistakes that most investors make. 👉 We looked at compliance, risk categories, due diligence, tax and structuring. 👉 We introduced you to Cynthia and she shared her story of how she invested globally and was able to start earning a passive income within 2 months. 👉 Selwyn spoke about his due diligence systems and how they find the right partners. Action Steps Silver ✅ Identify one specific risk in your current investments and outline how diversification can mitigate it? ✅ Name 3 things which you can do to find the right Partners & right Information ✅ Consider: Wealth Hackers ✅ Consider: Diversification 5.0 Mastermind ✅ Share one key takeaway on social media with hashtag #diversification Gold ✅ Watch Judd Dunning ✅ Watch Bruce Sanders Take Action: 💥Share your key takeaways from Day 4 of the challenge in the comments below

Welcome to Wealth University! We're super excited to see you here and we hope to inspire, motivate and give you the belief, the tools and the knowledge to create the wealth you want! Please remember, self-promoting or posting jobs etc is not allowed. This includes all forms of advertising, both direct and indirect, public or private, affiliate links etc. Breaking this rule may result in an immediate permanent ban without warning. We uphold high standards for post quality. Posts that don't meet these standards will be removed. Ensure your posts are well-written, detailed, and include images or videos. If you come across any posts that are of low quality or contain promotions, please report them to the Admins. We look forward to seeing you engaging in the community and we encourage you to do so. P.S. This is an action post. Leave a comment below, introduce yourself and share where you are in the world to complete the action & get points! *** UPDATE: This post is now closed. Please see our new "Welcome" post here

"Thanks again for a brilliant session!" "Great session - thank you!" "Thank you. Very interesting and well put together." These are just some of the comments that came through for day 3. Here’s a summary of what we covered: 👉 We learned that asset allocation accounts for 85% of your return when you retire. 👉 We had a look at the portfolio allocation of the top 579 625 wealthiest people in the world. If you want to be wealthy, copy wealthy people. 👉 Garth Wellman explained to us what a Multi-family office is. 👉 Anthony tools us through the 6 pillars of asset allocation. 👉 We looked at Real People, Real Stories. Action Steps Silver ✅ Research and identify at least three different investment strategies (e.g., passive investing, active investing, value investing). ✅ Create a hypothetical diversified investment portfolio with different asset classes and allocating percentages to various asset classes. (Wealth Plan) ✅ Consider Diversification 5.0 Mastermind Gold ✅ Research different asset classes and their historical performance. ✅ Research and compare different investment vehicles. Take Action: 💥Share your key takeaways from Day 3 of the challenge in the comments below