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The people who followed these Axioms did and you can to, so let’s look at some of them.
The book is about betting to win. While that may sound fairly conventional there is a twist and that is:
Everybody wants to win but not everyone wants to bet and therein lies the difference – the book is about having courage and not following the norm.
The book is for any type of speculation while read mostly by financial traders it applies to ANY Business
Let’s look at some of the unconventional wisdom the book gives us and how it can make you make money fast.
1. Risk
If you want to make money you have to take a risk and most people want the money and not the risk. Well if that’s you, then you won’t make money fast.
Most people avoid risk but without risk there can be no big rewards.
If you don’t want to risk anything then making money is not for you, but for those of you who enjoy life and see it as an adventure, then you will embrace risk as part of life’s big adventure.
We all take risks everyday, crossing the road is a risk, but you are confident that you will get to the other side without getting run over. Remember life is a risk.
The book does not say take risks for the sake of it, but only take calculated risks that can yield huge rewards.
2. Risk Meaningful Amounts
You often hear people say you should only risk what you can afford to lose. In that case you want risk much and therefore won’t gain much or make money fast.
You need to risk a lot regardless of the venture you intend to invest in.
If you don’t you won’t get rich.
3. Decide what you want in advance and get out
We live in an ever changing world and when there is an opportunity to make money people will flood in and get on the bandwagon and the profit disappears.
Think back to all those dot.com companies worth a fortune in the 90s. Well they soon crashed and this happens all the time.
Even if your business looks good have a point where you sell and move onto something else there is always an opportunity and you will have a profit – What could be better than that?
4. Disregard the majority’s opinion its probably wrong
Don’t worry if you stand alone in your view that could be a good thing. The majority are mostly wrong as we saw in the 90s with the .com bubble.
You need to pick opportunities others don’t see - That’s the real way to make money fast and when they do see them its time to get out fast as well!
5. Beware of long term plans
None of us know the future so why make long term plans? You will see people plan their lives 20 years ahead but in an uncertain world only the reality as you see it counts.
Above are just a few of the axioms and as you can see they are relevant to anyone wanting to make money fast there are many more,, these are just a few of my personal favorites.
In the other parts of this series we will look at how to put some of the above into practice and make money but for now we will just say one thing, as one reviewer said after reading the book.
“If you have got the price of this book stake it”
It maybe the best investment you ever made to make money fast – Good luck.
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