Making money is easier when you already have money
When you already have money:
1. Increases the universe of investable opportunities 2. Allows for reinvestment & compounding 3. Gives you the ability to scale up 4. Allows for option to leverage up 5. Buys you time 6. It's easier to secure more money!
1. People with money get access to special opportunities
That sexy IPO or amazing tech start-up you would love to invest in gets their retail subscriptions from high net worth individuals & dedicated funds
Basically you get a chance to invest before anyone else. It's a network
In SA, more than 50% of Black Friday credit accounts are in arrears within 6 months! Here's a guide on the dirty industry secrets + how to avoid being a statistic πͺπ½πͺπ½ bankerx.co.za/2020/11/26/theβ¦
Shout-out @naikl for the very sobering insights. One of the most disruptive & insightful CEOs out there - definitely worth a follow.
It's difficult to imagine Trevor Noah, Charlize Theron or Elon Musk ever reaching this level of success living in South Africa.
Being fiercely patriotic doesn't always put food on the table or catapult you into the big leagues.
If you have the chance to work in another country, develop relationships & cultivate globally recognised skills - do it!
The world is so much bigger than our tiny piece of it.
The tragedy is people with a highly specialized set of skills, deep experience, strong relationships & vast resources will always have options to live in another country.
It's usually the most vulnerable members of society who are forced to stick it out.