Try To Get Rich Quick

Get Rich Quick

If you are going to focus intensely on investing and building wealth, something will tempt you as too good to be true.  If you are young, I hope you try it, and I hope you lose some money.

It will teach you a harsh lesson early in life.  Getting rich quick almost never works.

It’s good to get burned early and hopefully for not too much money.  It’s part of the education of becoming an investor.

(My lesson came losing $1500 on short-term options when I was 25.  I learned my lesson well, and it was a small price to pay to avoid much costlier mistakes down the road.)