20-video series #20: Staying wealthy (is different from getting wealthy!)
Apr 25, 2023
Welcome to my new 20-video series, on the 20 Next Level Wealth steps to designing and then living your dream life.
The dramatic landscape changes over the past few years have created a unique opportunity for you to design and live your dream lifestyle.
In this 20-video series, which I filmed while travelling around Europe, I've aimed to articulate everything important that I've learned about personal finance, business, wealth, and designing an ideal lifestyle...into just 20 short blog posts!
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Staying the course
In a sense, success in personal finance ultimately comes down to survival.
There’s no joy to be found in earning and making millions, only to lose them again by taking on ever greater risks.
The person who generates solid returns on their wealth consistently for decades on end will achieve fantastical results over time.
On the other hand, the investor who constantly strives for the big win by taking wild risks may strike it lucky – perhaps more than once - but will eventually strike out if he or she is not wary.
And this could take you all the way back to square one, which can often be devastating to your personal morale.
As you start to achieve the results you desire, you’ll need to become more protective of your wealth.
Not just in terms of your structure and how you own your assets, but also in terms of the strategies you use.
Expect setbacks
There will be hiccups and setbacks along the way, of course, and you should expect there to be.
But one of the most powerful tools in your arsenal can be the ability to take a longer-term view.
This is especially so in an age when people seem to be focussed on shorter and shorter timeframes.
I’m not that old, but we have properties and shares in our portfolio that we’ve owned for around three decades now.
That’s a massive behavioural advantage from focussing on quality investments which can be held for the very, very long term with very little fear.
Thanks to compounding, if you buy well, the results get better and better over time.
Short-term scepticism; long-term optimism
Of course, there will always be risks in the short term, and you should remain alert to these.
And you should manage your risks accordingly.
But taking an optimistic view about the long term can and will pay very handsome dividends over time…literally so, in fact.
I discussed this a little further in the short video below.
Tune in here.
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Whenever you’re ready…here are 4 ways I can help you manage your own money and go next level wealth:
- Boom or Bust in 2023 – 20 minute online workshop for investors
Register for my next free online training - Boom or Bust? How to change your investment plan for 2023 - book in here
You also download a free copy of my book Total Money Management here.
- Subscribe to our Top 100 Podcast for Investors
Listen in to our podcast - The Low Rates High Returns Show on Apple , Spotify
- Subscribe for my free daily blog
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You can also catch up with me daily on Twitter here, where I have over 11,000 followers.
- Work with me privately
For a limited time you can book in a free diagnosis call with me here.
If you’d like to work directly with me directly to help you map out and action your next level wealth plan… just send an email to [email protected] with the word “private”…tell me a little about your situation and what you’d like help with, and I’ll get you all the details!
