Three simple habits to create lasting wealth

[Bill Bonner’s Diary]( Emma’s Note: Emma Walsh here, managing editor of the Diary. The American Dream is a central tenet of American society. Anyone, regardless of where they were born or what class they were born into, can achieve prosperity and success. My colleague, former hedge fund manager Teeka Tiwari, knows all about the American Dream. It was what sustained him during his darkest days in the British foster care system. And then, he achieved it himself. He arrived here from Britain, aged 16, and with just $150 in his pocket. He worked his way up the ranks on Wall Street, becoming the youngest vice president in the history of Shearson Lehman. And he amassed huge personal success and wealth along the way. Since leaving Wall Street, Teeka has helped many readers achieve financial freedom and prosperity. Read on below for Teeka’s story… and the three simple habits he recommends to anyone dreaming the American Dream. --------------------------------------------------------------- Three Simple Habits to Create Lasting Wealth By Teeka Tiwari, Editor, Palm Beach Daily [Teeka Tiwari] I owe my success to America… If you’ve heard my accent, you know it’s a mishmash of a New York City accent and an English accent. My friends describe it as “Brooklish” (as in Brooklyn and English). I wasn’t born here. I grew up in Britain’s foster care system… I lived in a cramped, unheated room on top of a garage. At night, I watched my breath coil into a frigid mist. And the future looked as bleak as my tiny room. Since I was 12, I dreamed of working in the stock market. I shared that dream with my school job counselor. His response? He told me to be more realistic... “Be a telephone repairman,” he advised me. But I knew in my heart that my future was in the financial markets. As a teenager trapped in the British foster care system, I soon realized no one was going to rescue me… That meant I had to rescue myself. So when I turned 16, I left for America… With just $150 in my pocket, I set a course for the financial capital of the world – New York City. What I found changed my life forever… Recommended Link [The clock is ticking toward the future of tech]( [ad_img]( As a former tech executive and angel investor, Jeff Brown has made a fortune betting on the next big thing – before it happens. His expertise is in the chip, processor, and semiconductor fields. Now he’s looking at one of only three companies worth more than $1 trillion that has the third-largest market cap in the world with shares up 403% since 2016. [He names names in the video just released]( - Parasite It was 1987. New York City was full of enormous opportunity… obscene luxury… and bottomless wealth – all right next to crippling poverty. I worked three jobs. I even offered to work for free on Wall Street until a guy named Frank gave me a shot. I started off as an assistant to the big-time brokers. Eventually, I became a big-time broker myself. In two years, I became the youngest vice president in the history of Shearson Lehman… But after 15 years on Wall Street, I suddenly left. As I attained my dream, I couldn’t shake the feeling it was happening at the expense of other people’s dreams. Wall Street trained me to focus on putting fees first and customers second. I was living a life that was not aligned to my core values. You can guess what happened. The higher I rose and the richer I got… the more unhappy I became. Everyone was telling me I was a success. But I felt like a failure. One day, it hit me. I had become a parasite. I was feeding off others without providing value in return. As I faced that realization, I knew I had to make a radical change. [Do You Know About “Tech Royalty” Investing?]( Giving Value So I quit my job… leaving millions of dollars on the table. I decided to launch my own independent research firm to share my insights with regular investors. My life started to be built around the idea of giving value in order to receive value. Today, my mission is to help my subscribers bridge the ever-growing wealth gap between the super-rich and the middle class. You see, my research shows the widening wealth gap is only going to get worse. Here’s what I learned… Recommended Link [This Is America’s New War (Not Coronavirus)]( [ad_img]( While everyone has been distracted by the coronavirus, a new type of war is erupting in America. It’s got nothing to do with our political parties – but will DEFINITELY affect you and your money. You must now choose which side you’ll be on. [Porter Stansberry explains here]( - Three Habits to Financial Independence I was raised with a poverty mindset. I was taught that money was evil… that rich people were mean and underhanded… and that you must accept you will never be rich. Maybe you can identify with that type of upbringing? I knew I had to break out of that mindset. But the thing is, money is completely devoid of consciousness. It doesn’t sit there and think, “Oh, this person is deserving. Let me flow to him,” or, “This person is undeserving. Let me not flow to him.” Money is simply a by-product of three main habits. Habit No. 1: Live on less than you earn. If you consistently keep more than what goes out, you’ll have a surplus of money. Simple, right? Habit No. 2: Maximize your ability to earn from your current job. Your single-biggest source of income is your current job. Most jobs will pay you more money as your skill rises. So the quickest way to make more money is to improve your skills. Put yourself on a skill development track that will have you becoming world-class at your job. If you don’t know how to do this… no problem. Here’s what you do… Offer to take the most successful person at your company out to lunch. Ask this person about their work habits. Acknowledge their success and ask them, “What do you do that’s different from everyone else?” Don’t interrupt them. Just listen and take notes. By the end of the lunch, you’ll have the beginning of a blueprint you can use to become world-class at your job. If your current firm doesn’t recognize your improved performance, that’s okay… Go find another employer that will. Be sure to negotiate for more money. And never leave a job without having another one lined up first. [The One Big Threat You Face on November 3rd.]( Habit No. 3: Create multiple streams of income. If you’ve nailed the first two habits, No. 3 is how you turbocharge your wealth. This is where you invest in low-risk, income-producing stocks, real estate, or private businesses. Additionally, this is where you can incorporate a “side hustle” for extra income. Side hustles include – but are not limited to – Uber driving, Postmates/Grubhub deliveries, selling crafts on Etsy, buying and selling on eBay, etc. You just keep reinvesting all your surplus capital into low-risk, income-producing investments, and lo and behold, in about seven years, you’ll be rich. Did you do anything wrong to get this wealth? Did you tread on anybody to create this wealth? No, and no. So you can see, wealth creation isn’t complicated. But it is difficult. It’s difficult because we’re bombarded with ads to buy stuff every minute of every day. That makes habit No. 1 – live on less than you earn – the toughest to acquire. But without that habit, you can never create lasting wealth. Recommended Link [Teeka Tiwari Voted Most Trusted Man in Crypto]( [image]( For three decades, Teeka Tiwari has built an impressive resume in the upper echelons of the financial world. Recently, that has included a successful run making profitable recommendations during the 2017 Crypto Boom. And warning people ahead of the 2018 Crypto Bust. That’s why he was recently voted by more than 130,000 crypto enthusiasts… From 135 countries… As the Most Trusted Man in Crypto. Now, Teeka has a new prediction… [To find out how you can learn more, and take advantage of Teeka’s crypto knowledge…]( [Click here]( -- Achieving the American Dream If I have any agenda, it’s to spread the message that ANYONE can become wealthy. And I want to prove it. Over the last few years, I’ve helped thousands of subscribers change their life through crypto investments. But I realize cryptos aren’t for everyone. That’s why earlier this week, I shared my biggest secret to achieving your American Dream from the stock market. It has nothing to do with IPOs or cryptocurrencies. It involves an “Anomaly Window” that only happens every few years. During the last three “Anomaly Windows,” blue-chip stocks like American Express, Cardinal Health, and Home Depot saw gains of 6,150%, 3,000%, and 1,500%, respectively. These “Anomaly Windows” last, on average, 28 days. Inside this window, you can make more on boring, safe stocks in 28 days… than you would normally make in 39 years. To learn what this anomaly window is… and how it can help you achieve your American dream… [click here to watch the replay of my 28 Days to Your American Dream event](. Let the Game Come to You! [signature] Teeka Tiwari Editor, Palm Beach Daily --------------------------------------------------------------- Like what you’re reading? Send your thoughts to feedback@rogueeconomics.com. --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. 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