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INSIGHTS2 MIN READ

Merciless: newcomer depends on master

Saliman

Published on February 17, 2020

Published on Wealthy Affiliate — a platform for building real online businesses with modern training and AI.

Merciless: newcomer depends on master

And the master is happy. I don't really want to call myself a master, but I was left behind.

A young guy, just finished his studies, wanted to have a few tips from me, about what to look for, when it comes to finance, when starting his career/job.

Since I have been dealing with this topic for some time, I have read interesting books and I visited some of the best seminars on the subject, I have spoken to my colleague about finance. I gave him a book recommendation: Bodo Schäfer: 1 million in seven years.

And gave him the tip not to read the book.

He should study it. Bodo Schäfer is one of the most successful money coaches here in Germany. He should study the book and do the exercises that came with it.

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After three months I saw him again and he had read the book and wanted more information and on the subject. I gave him the recommendation to read Robert Kiyosaki's book: Rich Dad, Poor Dad and to save and invest at least 10 percent of his income from now on.

I warned him about the devil´s vortex: earn more money, buy a bigger car, buy a bigger house, have more luxury and save nothing of Your money.

Now I see him after 6 months: He managed to save 30% of his income and now wanted to know how to invest the money wisely.

Wow! Most people run out of money at the end of the month. He managed not only 10, but 30% to cover!

Even I haven't been able to do that. Incredible. He overtook me. I am glad that he followed my advice.

If he can now learn the principles of investing, he will be rich in a few years, he will be financially free sooner than others.

I'm excited

Evangelos

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