Here’s the deal – if you want to realise some financial success that scales the levels reached by those people whose names you read off of the Forbes Rich List and the likes, you will have to stop trying to take any advice from those people! What advice publically given by Bill Gates has anyone ever internalised and implemented, that has led to them also making the list? The same goes for the likes of Elon Musk, Jeff Bezos… you name them?
Think of it from their point of view. If you know the secrets to financial success, wouldn’t you reserve them for those you love the most, i.e. your friends and family? Even then, why don’t the family members of the world’s wealthiest people rapidly make their way up those lists as well? Sure, they might benefit directly or indirectly from the fact that a family member has made the list of the super rich of this world, but even they can’t get to the crown jewels of what it takes to realise and replicate that kind of success of their uber-wealthy relatives.
What you need to do instead is look towards getting into those markets and industries that are all but guaranteed to thrive, irrespective of the general economic climate.
And you don’t have to look very far. The barriers to entry aren’t as high as you think they are if you take the right approach to getting your foot into those markets. Take a look at what fills up your daily life. What do you spend money on, regardless of whether or not it might be a tight month financially?
Do you touch your savings or are you diligent in chasing that compounding interest associated with leaving those savings alone, no matter how tempting it may be to dip into them to perhaps help you get through a particularly tough month?
Therein lie your answers. The financial sector is known to scale new heights in the wake of every next financial crisis, so you should be looking at getting into brokerage or equity in financial institutions that provide essential services.
You have to eat and you have to take refuge in some kind of shelter, come what may, right? So food production at various levels, property, etc. – these are the industries and markets you should be looking towards, even if there’s no economic crisis to speak of.
People need clothes, including you, so success is the reserve of anyone who finds a way to get involved at any one of the supply-chain stages in that particular industry.
How are online casinos still able to offer UK no deposit bonuses even in the wake of a financial storm? It means the online betting platforms are raking in the profits, even when the market appears to be compelled to tighten its belt! Sure, it would take lots of capital to get involved with something like the legal gambling industry, but there are plenty of indirect ways to get involved, like perhaps earning referral commission for referring new users to your favourite online betting platforms.