There are two types of hustlers. Those running toward something and those running away from something. Im the latter. Like Alexander Hamilton, I will never be satisfied. It’s not because I’m greedy and want riches. It’s because people like me always think the other shoe is going to drop. We are always waiting for someone to take everything away, to go back to where we came from. We are always waiting for the crisis to hit. Thus we are always preparing. The hustle is preparation.
This week I made three big announcements – a new company, a new office building and two new rental properties. This isn’t me bragging. This is me trying to teach you what I’m learning. I’ve spent the last three years taking every free second to learn. I read. I watch endless YouTube videos. I’m desperately trying to improve my financial education.
Here’s what I learned – something you’ve already heard for years – the key to preparing for a financial crisis is diversification. For me that’s businesses, stocks, real estate and now I’m even dabbling in crypto. I don’t buy expensive things. No toys. No boats or fancy cars. Many of my staff drive nicer cars. My assistant’s assistant has my same car but ten years newer. I dump my money into investments for diversification so that when the crisis hits, I’ll be prepared.
As I said earlier this week – learn and move.
Learn – read and watch – improve your financial education.
Move – diversify – find new pipelines of income.
I recommend three books:
- Rich Dad Poor Dad by Robert Kiyosaki
- The Millionaire Fastlane by MJ DeMarco
- The Parable of The Pipeline by Burke Hedges
I have a very long way to go but I finally feel like I’m on the right track.
I hope that helps you in some way. Wishing you all the Positive Vibes.
PS – thank you F3 Hospice for inspiring these thoughts.