Personal Finance
#1 Key Ingredient to Wealth: Grit, Strong Motivation and Determination
By Investment Moats  •  January 5, 2016
Everyone wants to be wealthy but the sad reality is that not everyone can eventually achieve it. Why is that so? It is because many do not have the grit to endure and achieve wealth. When you are deep in $50,000 debt and your net worth is negative, you will find it difficult to think that THERE IS a possibility of eliminating the $50,000 of debt. Your lofty goal of achieving $1 mil in net worth looks so far away. It is better to to make myself happy now since thinking about this $50,000 of debt makes me so sad. There is no way I could be able to clear it. Why am I thinking of such negative things? Hey it looks like there is another Taobao sale happening now, lets see what I can buy to cheer myself up….. — You may have seen the above conversation taking place with yourself, ......
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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