3 words, "Buy My Book!" my ebook is only going for $39.99!
Lol, just kidding. I hate all the advertising for fake "How to get rich guides" out there.
Most of us are Mustachians and Investors here right, so let me pose a question to take us to the next hierarchical level of possibilities...Gasp!
Once you have reached Financial Independence, would you take greater risks with extra cash to start a business, or invest in a company that you believe will double your investment that year?Kind of like turning those people going from $100k in debt whom live way above their means and don't care do do anything about it.... INTO Investors money machines who have changed their lifestyles to maximize efficiency, creativity, and wealth.
The skill with MMM is found by increasing their savings rate, after reading MMM's blog and choosing to do so, and then doing it and getting out of debt; they are now thirsty to reach Financial independence for themselves, their entire family, and future family members, by developing the skill to increase their return rates.
But then what can be accomplished?
Technological revolution for mankind, Consumer to Investor revolutions, global peace, space conquest, even entire new countries to build, etc. The possibilities become limitless!
Saying you can't double your investment per year, is like saying no one in the history of man has ever increased their income to above $1 Million per year.
"It simply can't be done!"~ anti-mustachians
Rolls eyes. Not only can it be done but you can automate the process, and pay others to work the machines for you, and give them a cut or profit share if you feel generous.
You can double an investment by having the skills of motivation, creation, production, hard work, keeping your emotions at bay and leading with logic.
Here's a general how to guide to get you thinking on how you can do it also:
Since this excess cash after financial independence came from fun things you did anyways, You now have complete freedom to take any risk you desire, because you don't need this cash!
Option 1) Burn it, literally. Celebrate Like the fourth of July! Hey our government does it with our tax money so why not? (since every firework fired cost hard working taxpayers $1k-$10k each, and then they add a new tax to say those that drive electric cars next year)
Option 2) You know money = time and time = money, but once FI, You have your complete time back. More money doesn't equal more time, it just equals even more money.
As such you think about this critically. Money makes money, like investing money to buy shares, and taking a risk to sell for much higher, thus you can get a gain or profit when sold at a higher amount then you bought it for. With enough research, experience, and skill upon picking successful growth businesses that have potential to double their stock price in a year, one can then compound those capital gains, to earn even more money.
Compounded Interest and choosing to create/ do something/ research and pick/ develop skillz effectively increases my return rates over all to awesome levels!
And we aren't playing roulette here in betting 10 consecutive times on black or red, hoping we double our investment each time for ten times, that is just silly now isn't it?
Does anyone know the odds on that strategy? It can't be done right? It hasn't been done in the history of man right?
Real-life roulette exploits found here:
http://en.wikipedia.org/wiki/RouletteFor example: In 1873, Briton Joseph Jaggers made the first famous biased roulette wheel exploit. Mr. Jaggers, with a team of six accomplices, carefully observed all the wheels at the Monte Carlo casino and found one wheel with significant bias. By taking advantage of this flaw they managed to win over $325,000, an astronomical sum in 1873.
But those are just "strategized exploits" that are done once, and the casinos principals of awareness are changed to prevent that from happening again.
Here is an example of real extraordinary creation:
In the 1890's, a 22 year old electrical engineering genius discovered a way to alternate the flow of electrical current effectively allowing electricity to travel over very long distances.
http://books.google.com/books?id=HIuK7iLO9zgC&printsec=frontcover#v=onepage&q&f=falseNichola Tesla made 306 more inventions and patents, each earning well over $10 Million in yearly income each to this day! Effectively making a $900 Billion dollar industry in the USA alone in the current present!
http://www.eia.gov/electricity/sales_revenue_price/pdf/table10.pdfIdeas and taking a risk on the ideas whether with a billion dollars or 10 cents! That is how you truly double your investment return every year!