Van’s Note: Van Bryan here, Jeff Brown’s managing editor. At The Bleeding Edge, we like to occasionally bring you ideas from other top thinkers in our Rolodex. And our friend and colleague Teeka Tiwari definitely fits the bill.
Today, Teeka brings readers advice on how to achieve the American Dream. These are three solid habits that anyone can put into place to grow their wealth, drawn from his own life experience. It’s all a part of his mission to help regular folks bridge the ever-growing wealth gap between the super-rich and the middle class.
And if you enjoy today’s essay, I’d also encourage you to sign up for Teeka’s upcoming presentation on an anomaly he sees in the markets that could hand investors extraordinary gains. He’ll also share the exact stocks that he believes could potentially turn decades of profits into days. Go right here for all the details.
By Teeka Tiwari, editor, Palm Beach Daily
I owe my success to America…
If you’ve heard my accent, you know it’s a mishmash of New York City 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 my future was in the financial markets.
As a teenager trapped in the 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…
It was 1987, and New York City was full of enormous opportunity… obscene luxury… and bottomless wealth – all right next to crippling poverty.
I worked three jobs. And I even offered to work for free on Wall Street until a guy named Frank gave me a shot. I started as an assistant to the big-time brokers and eventually 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 help but 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 with 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.
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. I started to build my life 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. We aren’t born with the knowledge to bridge this gap. Here’s what I learned…
Three Habits to Financial Independence
I was raised with a poverty mindset that I had to break out of. I was taught money was evil. 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?
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 byproduct 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.
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 aren’t limited to – Uber driving, Postmate/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.
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 at 8 p.m. ET on Wednesday, April 21, I’m going to share my biggest secret to achieving your American Dream from the stock market…
It involves a rare “Anomaly Window” that happens every few years. It’s the only time where I have seen blue-chip stocks offer life-changing gains.
And the last time it happened… I showed my readers how to make 21 years’ worth of stock market gains in just a few months.
But these “Anomaly Windows” make it possible in as little as 42 days…
Inside these windows, the rules to wealth-building change. They flip, and you can make more on boring, safe blue-chip stocks than you would normally make in almost FOUR decades.
So join me at 8 p.m. ET on Wednesday, April 21 and you’ll learn what this window is… and how it can help you achieve your American dream.
Let the Game Come to You!
Editor, Palm Beach Daily
P.S. I want everyone to have a chance to live their American Dream. So to make it easy for you to sign up for this event… I’m giving away four free gifts.
If you RSVP right now, you’ll receive a ticket to How to Buy Back 20 Years of Your Life on Wednesday, April 21 at 8 p.m. ET… and access to my bonus Q&A session (no personalized advice).
Plus, you’ll get my three-part strategy session starting April 16… and a full list of stocks to trade during the next “Anomaly Window.”