Till the fields first before building the house

Think and act on the way to riches/millions

Invest in earning productive assets first before consumption assets like the house.  It should be that wealth production is likened to farming and or planting seeds.   What you own should grow.  Investment should grow.   So residential properties, cars, even gold are assets that are not functional or useful to productive undertaking.   A car depreciates by at least 20% the moment it leaves the showroom  Avoid investing in toys for the Big Boys.  It was a mistake being enamored to the lure of cars:   speed and good looks.

Invest in stuff that grows and produces money:   contributing to sales, and /or reducing costs and expenses.

Thus comparing a genset and solar panels - which one would you choose.  Solar of course.  It reduces costs and generate revenue (if you are in net metering) beginning day one

Even Bill Gates has believed in this literally.  He has been gobbling up farmlands (for survivalist and fear of forthcoming economic crash)

Elon Musk is worlds first trillionaire because of Space X Ipo

Think and act on the way to riches/millions

How long will take you to spend all that wealth.  More than several lifetime...

How did he do it?

Warren Buffett's Advice on being wealthy

Think and act on the way to riches/millions

These are about humility, being mysteriousm retirement

1.  Dont let anyone know your networth.  If you leak this out:   relatives will ask for give me, foundations, BIR will hound you

2.  Dont let anyone know your alpha (your business secrets and advantage).  If they do they will copy and imitate you and eventually wear you and close you down

3.  Sonr let anyone of your plans and execution.  Otherwise your competition will sabotage you.  Sun Tzu spoke of being mysterious

4.  Say  no to luxury.

5.  Go on isolation Make yourself scarce.  Joining parties celebration and speeches mae you overexposed and erode your success

6.  Margin of safety.  Make gp 30% instead of 10% so that you go on despite heavy storms and waves.

7.  Avoid being the smartest guy in the room.  Dont wander into venture you dont fully understand. 

      Know your limitation (Remember Dirty Harry -  "...a man has got to know his limitation.  

8.  Know your  exit strategy as you grow old

9.  But dont let anyone know someone will inherit.  (my mistake) This sows dissension and jealousy in your family.  It stops your children from growing and simply wait for their inheritance

10.  Spiritual equity - work for your spiritual redemption    Leave a legacy not just money or assets.