PURSUE YOUR PASSION
Rich people get rich when they do something they are passionate about. If you don’t love what you do, you won’t put in the time and effort needed to become successful.
Jim Koch traded in a stable job at Boston Consulting Group in 1984 to start Boston Beer Co., the business that created Samuel Adams Boston Lager. Koch was driven by his personal love of beer to start the now multi-million-dollar business.
“The most common thing I remind people of is to only pursue something you love, because a small business is going to be very demanding of your time, your energy — it just eats your life. And if you’re doing something you love, then you will accept and even enjoy that,” Koch told Business Insider. “If you’re just doing it to get rich, you’re going to lose heart.”
BUCK TRENDS
When it comes to investing strategy, don’t be afraid to go against the grain.
Billionaire Warren Buffet amassed his wealth by investing in companies that he saw potential in, even if they had been overlooked by others. “I will tell you the secret of getting rich on Wall Street. Close the doors,” he said in the book “Buffett: The Making of an American Capitalist.” “You try to be greedy when others are fearful, and you try to be very fearful when others are greedy.”
