Some Thoughts on Wealth Building
Ian Spolding, a self-made millionaire, said something fascinating in the conversation about wealth building that we would like to share with you:
“It’s not about addition or subtraction. It’s about multiplication. My entire philosophy around money has been this: Once I get money I look for ways to multiply, not just to be added to. The bigger the multiplier, the better it is.” It’s all about opportunity to multiply wealth.
Need evidence? Look no further than Warren Buffet. He has put billions of personal savings (outside of Berkshire Hathaway funds) into the stock market in the last few weeks. He stated: “A simple rule dictates my buying:
BE FEARFUL WHEN OTHERS ARE GREEDY, AND BE GREEDY WHEN OTHERS ARE FEARFUL.” In our markets, fear is everywhere.
“Let me be clear on one point” I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month – or a year – from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over,” says Mr. Buffet regarding multiplying wealth.
We often hear questions and statements like: “Are we at the bottom of the real estate market yet?” or “When is a good time to buy?” or “I am waiting for the market to go down more!” or “The economy is doing so badly that we will be jobless and homeless soon!”
Think about it again!!! BE FEARFUL WHEN OTHERS ARE GREEDY, AND BE GREEDY WHEN OTHERS ARE FEARFUL!
When is a good time to buy??? NOW!!! The opportunities are here and the money is available to borrow!!! What are you waiting for?
ARE YOU IN A BOAT OR ARE YOU MISSING IT?
The Jim Netter Team
NETTER REAL ESTATE
631-661-5100 x 148 or irenner@netterrealestate.com
