They say that the term "topsy-turvy" in financial activities is not applicable. However, multimillionaire Robert Shemin believes that this "reverse" approach can be an easy path to success. In his book "How did it happen that this idiot is rich and I am not?"
Instructions
Step 1
Before investing your money, study the soil well.
Do not be afraid to take risks, because fear is the reason for inaction. "Any INACTIVITY, like any action, has its own risk and the cost of this risk," Shemin is sure. Often people, out of their fear of incurring losses, refuse the opportunity to earn extra money, for example, on the stock exchange or in real estate trading. It is worth not forgetting that at the initial stage, mistakes cannot be avoided, however, the negative experience that you get will easily allow you to get many times more in the future.
Step 2
Never ask for help.
"From childhood, we are instilled with the idea that asking for help is the lot of the weak," Shemin says. But making money is a team game. Human capabilities are limited, he cannot be a specialist in all areas. This means that it is worth attracting as many people as possible to your project by asking their advice.
Step 3
Follow the advice of professionals.
The previous tip, of course, involves reaching out to the right counselors. But think about what all renowned financial professionals get paid for? Indeed, very often the advice of such consultants brings a lot of money … but not for you. Therefore, it makes sense to involve people, albeit with less experience, but interested in the project itself, and not in getting the cream from it.
Step 4
Don't go into debt.
"People are convinced that it is burdensome to be in debt to someone," Shemin says. Many people think that a credit card is evil, but things are very different. Duty calls us to discipline and proper distribution of the funds received.
Step 5
Without a clear plan of action - nowhere.
Even if you were a Math student in school, remember one thing: there are a huge number of events with zero probability that they will happen. So, they happen all the time: in business, everything can turn upside down and back a hundred times in an hour, so it's better to be ready for anything, Shemin teaches. It's better if you have more than one backup plan, but a dozen. It is also necessary that your main plan be able to change dynamically.
