How to become a millionaire the lazy way

Easily become a millionaire

It feels like we’re in a crazy moment of time in the investing world. AMC is going nuts, GameStop had a crazy run, everyone is having crypto FOMO, Tesla was hot last year, it was Beyond Meat before that, last summer everyone was crazy about gold, and it goes on and on. In fact, at any moment in history there has been some exciting new speculative investment people are buzzing about. And you know who gets rich from chasing these fads? Very few, and almost exclusively a healthy mix of the ignorant and the lucky.‎

But let’s not forget what investing really is. It’s buying and holding assets that provide an income stream and go up in value over time. Namely index funds and investment real estate. While wall street betters and the crypto bros are running around like chickens with their heads cut off, don’t forget that the most optimal path to wealth is the simplest. Buy and hold.‎ Let compound growth do the work over time.

In our example here, Larry spent all of 45 minutes working on his investments in his LIFE. And today he’s worth almost $4 million. You can do the same. The stock market and investment real estate will continue to be productive assets for many decades to come. Don’t let the boring nature of these investments put you off. It’s how rich people do it. Buy and hold. Set up automated investments. Stay the course. Ignore the hype. Get rich over time. It’s worked for 100+ years and I don’t think it’s gonna stop working any time soon.‎

As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.‎


via Instagram