What To Tell Your Children To make Them Filthy Rich When They Grow Up

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Forget everything you have learned to date; except spelling and belief in the god of your choice. The advice and counselling you have received from relatives and loved ones, counselors and mentors has all been to get you to this take-off point. Being politically correct is under assault because most people don't want to change. Change. Become a chameleon, adapt to and study a new culture a year (learn to speak Chinese and Russian). Master English, French, Spanish, and the jargon of every specialty you encounter by reading books by practitioners of those specialties. Huh? Yeah, why not! For example: Auto mechanics is now mostly done by those who understand metrics - auto assembly is a world manufacturing endeavor. You need to master the assembly rudiments of sports cars to trucks, vans to sedans, buses to SUVs. The same goes for avionics - airplane engines, jet engines, and helicopters. Why? Why not. It is all on the internet. Invest half an hour a day. 

 

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When someone approaches you and tells you that you don't have to be aware of other's perspectives or wide spectrum knowledge of multiple disciplines, walk away after saying "Excuse me, I have to go now." If at this point, you are mentally exhausted with all the proposed work, stop reading, persue one or two areas of expertise and marry someone rich already. Don't forget to go to church and fill the collection plate. You can buy your way into salvation: someone has been lying to you all your short life. Perpetuation of your faith has a price. Pay it. Do nothing immoral or sinful or shameful. If you do, ask for forgiveness from the dieties and forgive yourself before moving on. Guilt is a useless emotion that drags you down like grief and loss and pain. Avoid them at all costs. Flick them off like lint. Keep moving and be mentally determined and tough inside where the will lives. We need good billionaires. Be that please, little one.

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You have attributes and special inate abilities - you can sing, or draw, swim well, or run fast. Always play to your strengths when determining extra curricular exercise and play, entertainment or passing time during down times. If you play an instrument - form a band, make it a hobby meeting successful musicians - your new mentors. If your talent is proven to be excellent enough to succeed: go for it - redirect the life goal into the thing you do exceptionally well. Learn to read and write and orchestrate and arrange music for yourself and any proteges or geniuses you collect or encounter. Several side hobbies can be maintained as time permits. You main work is in financing your future wealth portfolio.

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You do not know what is going to jump off as your big money maker: plant a huge field and reap the bad fruit and the best fruit. Every dime goes into development instead of material acquisitions (that comes later) only the basics and first payments are in support of major and minor educational and money making goals. Too unartistic for you? Take a business class. Then take another one. Any free training, take it - any opportunity to go and acquire skills in any discipline - sign up and go and finish. Finishing is your best tenant for success. Succeeders finish all tasks started; always unless it is life or seriously mental health threatening or dangerous to people). Future challenges: the food chain is killing people with cancer - develop ways to be bug free without pesticides that infect fruits and vegetables. Challenge: the water needs infrastructer that filters out all the carcinogenic chemicals - do that and save a hundred thousand children annually. Challenge: the air is toxic - put an end to smoke stacks by developing filtration systems that collect and recycle poisonous chemicals. (That is what governments should be doing but big business owns Congress.)

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Courage is required and probably bodyguards.

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Then take an economics class. Then start a business using learned principles and rules: take a tax course, then take an advanced tax course. Continuing education will be perpetual - until you can afford a financial advisor. Not an unlce or cousin or near relative. Never go into buisness with relatives who do not have the same drive as you are pushing. They are liabilities. There will always, always be those who need money from you. Mom and dad, yeah. Help them out. Siblings, maybe but infrequently because it becomes habit and dependency. Always encourage independence in your family members. "Get a job" should be your favorite phrase for those who want to borrow money. This is where most people fail at earning millions - they give it away instead of holding on to the dollars and dimes, nickles and pennies - for investment and growth into big bucks and capital. You have probably noticed that no one has said anything like this to you in highschool or elementary school. Or university or at home or from friends. We are conditioned to fail. Be a winner. Do not think outside the box, stop believing in the existence of boxes.

 

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As your income increases, the temptation to share will grow - reinvest it, never let money lie idle. Put aside ten thousand dollars a year as fall back cushioning in the event of full wall street meltdown - it happens every ten years. That's your seed money. Put it in a FDIC guaranteed account - the cash will be replaced if all systems fail. Not gold, not platinum - buy a farm. The money you save on food alone justifies the expense. Identify solid growth industries and diversify as the bottomed out prices appear after a recession (meltdown). Only buy after a meltdown once your portfolio is spread across no less than twency industries. You are waiting for one to take off, two or three would be better, but don't count on that happening quickly or ever. One maybe two inside ten years. Stay the course, you will lose thousands. It will be hard to keep investing, but keep investing widly.

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All the while, continue to learn all the knowledge there is. Period. Take up meditation, yoga, judo, boxing, tennis, soccer, baseball, tiddly winks - every board game available on line or in actual competion: get "play" under your belt securely as fast as you can physically take it. Learn poker, monopoly, chess, and how to play jacks, whatever comes your way. Fly kites, sail canoes, learn to fly a plane, drive a bus, ride cross country on a Harley. You have a lot to learn and a lot of classes to take: make these things your habits and pursuits as weekend excursions. Dating: yeah, get laid, but avoid commitments until you can afford it and not have it interfere with your enterprises and choices. Chose a mate: a doctor, an engineer, a CEO - no one else is going to be able to keep up with your strategies and scheduled goals. Write books about your journey and your accumulated knowledge - guaranteed income.

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By twenty you should have a large enough portfolio and saving account to borrow money. The rule is and always has been: Use other people's money to build your businesses. If you do not have three companies, ten patents (may require cooperation with partners), and a resume full of copyrights - redirect your energies to attain those goals before you turn twenty two. They are insurance against total bankruptcy - always keep capital on the side, like an album collection. Invest in property (business buildings to start, never houses). Avoid the entertainment industry - too season sensitive and volatile.

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The world is full of lone wolves and wolf packs. This is the first lesson. Identify what tribe/clan/partition/ party/clic/side/view a new acquaintance belongs to and then proceed to find out if they are worthy to help you attain your goal of being extremely rich. A sense of humor is mandatory. No one who cannot laugh at themselves and precisely mock others is going to work out. An eidetic memory would help or a minimum education of a Master's degree. (Note a lot of Phd's get people with experience to write their doctorates and edit them, so approach with caution - a lot of posturing and bravado, but unless they are raking in more than 80 thousand dollars, they are full of air and no ability to help you climb the correct ladder).

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You are just beginning at age 17 and the hormones are raging. Put off procreating for a few years - 25 is the medically determined best age to have children. You have a lot to learn about raising a successful human being, so put it off until you have read Dr. Spock and a book on Lamaze. Two things will happen, you will be enthusiastic and go mate hunting or you will defer mate and offspring indefinitely due to the bloody nature and long commitment of child rearing. Mate maintenance is time eating and may cancel any chance you have of reaching the first million before you are 30.

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Dabble in stocks and bonds as a hobby. Read a few books a year on investments. Avoid online advice, practical experience is best. Buy a few shares, never make cash investments as donations in upstarts. Watch how your portfolio performs. Only put in what you can aford, but make it a priority. What you buy at 17 on the ground floor may become the next McDonald's or General Motors or Microsoft. Broad spectrum buy and hold - watch it tank, swim, or grow. The temptation will be to invest more in what is growing, hold off. Watching and learning is the point. Learn how the game works to use it to your advantage later when you make larger investments. 

 

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Whatever area of expertese or areas of discipine you master means continuing your education under your own supervision. Avoid how to help semnar - they are "feel good about yourself" pep rallys. Self sufficiency comes from hard physical and mental work and nothing, absolutely nothing is above doing - from scrubbing toilets and walking in sewers to an accelerated course in first aid (if medicine is not your forte). 

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Risk taking is important. Trial and error is less the rule than going in fully prepared with the knowlege of all aspects of the tasks or challenges you are about to enter as a novice. Fear and instinct will determine if it is life threatening - if so, rethink how to proceed or turn away. Quitting a bad choice is a difficult skill to master. If it is not profitable or safe personally, choose something else. That's hard - to walk away from an investment - but you take away "things to avoid" which is paramount if you are to succeed. The model appears all around you of "poor choices" because you made them, you can recognize these patterns and deflect them totally. Example: ponzi schemes, invest in businesses with relatives or close friends, joining the military (dead or mentally warped results) unless absolutely necessary for survival of the country as in if we are actually attacked. Never fight for the interests of billionaires and government entities - they are you in macro and to be them (power acquisition and wealth acquisition) is your goal.

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Write a book a year and publish - the income is nice (your expertise in multiple fields insures you can do this very well). Time to purchase controlling interests and take-over failing movie studios, faultering new technology companies, manufacturers, and online businesses. The time to buy is when a promising company is cash strapped and in debt. Forget CEO - run the board as president for life. Never go public unless you want to be raided - keep it self-owned and controlled - you rise or fail on your own because it is your money/captial. Done at 35.

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While you put your children on the path of least resistance for success based on your vast knowledge of how the world works best to your advantage, a cool five million in assets and cash savings: time to build the survival Island preferably, or deep woods high mountain fortress. Stock it, make it self sustaining with indoor gardens and livestock - fresh water supply and go there once a year for a week of survival training (in the event of global financial collapese or world war III, you will have a safe haven). If it is not nuked, of course.

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Solar, water, and wind energy generation will be the basis of new future utilities; own as much of them as you can finagle. Food and water filtration systems will also become huge industries as population doubles (or is diminished by man made or natural disasters). Think that far ahead and you will not be "trapped" with the rest of humanity at the mercy of the environment disasters or political upheavals.

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Here endeth the lesson. If you accomplish half of what is on these lists: you will be able to survive and live well all your days. If you attain all of it, and reach billionaire status: your choices will be good or bad, but at least they will be made with a mountain of experience behind you. Quality leadership is what most nations lack. Be a quality, moral, energetic leader of men and women and children!

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Everything else is extra. Whatever you want you can obtain if you want it badly enough. Run the government, decide that education in the U.S. is in need of complete overhaul, build future (fill in the blank). Ultimately, you will get past being self actualized and self-successful financially, and move into legacy leaving. Put your name on buildings, hospital wings etc., but also invest in people who can also leave legacy as first class leaders via the scholarships you provide and the mentors who advance your philosophy of success.

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It seems other people are excluded from most of these endeavors. Truth is, you can accomplish nothing without a full socialization and psychological understanding of how people function, work, live, and desire. People are wealth, ultimately. The only wealth. Use them well. Each person is a book, read as many as will open to you. Curiosity has no substitute on this road. No item is valueless - as with people: they are positives or negatives. Cast off the minuses and nurture and collect the plus column denizens. You are a winner. Run with winners, not losers. (I wish someone had told me that at age 5). I learned it from the tv show Billions. Not ruthless, disciplined and unrelentless is your main posture and position of operations across the boards. 

The legal system will be against your modus operendi, work around them. 

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It will take a lifetime, but it is sooooo doable. If I had it to do over again, I'd invest and build - as humans it is what we do best. It is also what we have forgotten most.

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Lady A

07-24-17

1208a

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Author's Notes/Comments: 

I don't know it any of this will work: it sounds about right. Your children will have to improvise a lot and allow for diversions: sickness, accidents, inheriting a few million from the folks - but mostly it is a prescription for how to acquire the information you need in the future information age. Circumnavigating poverty will be more difficult - and if infrastructure totally falls, you become a walkind encyclopedia of how to build a generator and water pumping station. Skills can always put you at the top of the pyramid of human governance. If you are willing to sacrifice and do the work. - slc

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