I have a thing for cars
It’s like a love-hate relationship. Sometimes, it’s the subject of a heart-felt prayer, ‘ I’m so glad I’m sitting in a car and not walking in the blazing mid-day heat‘
and other times, all I remember is the wrenching metal sound as I crashed into another car when I had a car accident last year. However, if you ask me, I still have a thing for cars.
I’m not the passionate, die-hard know-every-car-model type of fan but I appreciate a nice-looking car when I see one.
I have a thing for cars because they signify movement.
You can’t buy a car and leave it parked in a garage for too long. The car’s electrical system is always power-hungry and will drain the car batteries like a vampire if you don’t put it to use. It was created to move.
A car is a tool. They help you get from point A to point B. Need to buy a few groceries at the local store? You get in your car and drive. Need to visit a friend? You get in your car and drive or get an Uber to take you to your destination
You also get to make car choices for every season of your life.
In your twenties, you may decide to stick to a nice-looking, functional and easy-maintenance car. You’re building a career so you don’t want to spend your time and money at service centers.
A family SUV four-wheel drive or an exotic elite car with a charismatic name such as ‘discovery’ are options for a different season of life.
To be honest, there are no rules. You are free to make the choices that align with your objective, whether it be status, re-sale value or function.
I think about investing this way as well.
You gain momentum when you make a decision to put your money to work. Cash is a tool you can put to work to help you get from point A to point B. You also have multiple investment ‘vehicle’ options to select from as you evolve through different seasons in life.
Just like you can do with cars, you can decide to speed up your investment plans with 3 simple steps. Let’s get right into them.
Step 1- Become a person of value
Lewis Hamilton is a British racing driver who races in the Formula One. The Formula one is the highest class of single seater racing sanctioned by regulatory authorities and Lewis is a four-time Formula One World Champion. He is considered the best driver of his generation and widely regarded as one of the greatest Formula One drivers in the history of the sport.
For Lewis Hamilton, the race cars are tools to help him win and earn good pay, however, the race cars are only as good as he is. Someone else could drive his race cars and not win any championship. Lewis is a person of value
How do you speed up your wealth plans? To have more, you must become more. Become more valuable in the market place, earn more cash, put it to work and watch your wealth plans speed up
Step 2 – Keep moving
Your investment activities are only as good as the knowledge you have.
This is why we need to keep updating our knowledge about the world of investing. Truth is, it’s probably going to get more complex as we evolve into a fully digital world; Cryptocurrency, block chain technology, Fintech are some of the interesting concepts that have evolved in the past decade and we expect a lot more disruptive changes in the next few years.
How do you keep moving? Stay woke. Don’t stay idle, get into the right networks; knowledge networks, social networks, investment networks such as the Green Club and keep asking the right questions. Life will drain us if we stay stagnant. If we stay updated, we can make the right decisions
Step 3- Amp up the speed with leverage
Imagine you’re driving on a long winding road with no sign of life in sight. It is a boring ride but you keep going and try to keep your mind on the destination.
Now imagine if you were part of an entourage of cars instead with all the cars are driving in the same direction, you keep each other company and make one or two stops to have a picnic. Sounds like more fun, right?
Who do you see with you on such a long road trip? Those are probably the people you can start investment clubs with to speed up your wealth plans.
I get a lot of questions and emails on how to make the best of investment clubs on a daily basis. I have seen the good, bad and ugly sides to operating an investment club and documented them all in a book.
I am so excited to share that I will be launching the book in a few days!
The members of my book launch team have all read and reviewed the book in constructive terms, however I am going to need your help to get the word out once it launches.
Once you sign up to join the launch team, you’ll get a free hard copy of the book with a personal note from me. We will have only a limited number of free copies available, so sign up fast.