I made my first big haul in the early 1990s, buying beaten-down junk bonds. The year before, I had made just $8,000. I was 19, and before the year was out, my junk bond play would make me over $250,000.
That’s about half-a-million dollars in today’s money.
That was just the beginning. When I was 22, I remember making $54,000 in one day.
By the time the mid-’90s rolled around, I was making money hand-over-fist in technology stocks. I was young and making a fortune while living my American Dream.
But by late 1998, I’d lost it all. You see, I made a terrible mistake…
Instead of taking small bets on high-risk/high-reward ideas, I took massive stakes.
By the time the 1997 Asian financial crisis rolled around, I’d built a substantial portfolio. But I stuck around too long and got too greedy.
And when the market went against me, I made bigger and riskier bets. I lost all perspective and invested for my ego, not my bank account.
Within three weeks, I lost everything I’d made and more. I went from wealthy to poor in less than a month. And ultimately, I was compelled to file for personal bankruptcy.
It was a stunning reversal. Here I was, the golden boy who finally got his comeuppance.
My American Dream – and my path to a dream retirement – turned into a nightmare. I lost my career, my wife, my family, and my self-respect, and for a moment, I even lost my will to live. I take full responsibility for what happened to me. It was all my fault.
My biggest lesson was I could not build all my investments solely on high-risk, high-reward plays. The next thing I learned was I had to build multiple streams of safe income, so I’d always have a pool of self-sustaining assets to build wealth from.
Here’s how that helped me get rich again…
I took the income from my safe investments and used it to magnify my wealth quickly by using high-risk, high-reward plays. I call these plays asymmetric bets because you can take a small amount of money and greatly amplify it.
So if you position-size right, the potential gain far outweighs the risk. A recent example is when I made $75,000 from a $700 investment in 2017. Another investment helped me make as much as $1.2 million from just $1,000.
The key lesson to remember is you can’t build your whole portfolio on ideas like this because those types of investments can go to zero from time to time. If that were to happen now, I wouldn’t sweat it because I only use the money generated from my safe investments.
That means if I blow all my safe income this year, 100% of it gets replenished next year. This is the key to getting really rich, really quickly, without ever blowing yourself up.
Here’s the approach I took…
Here’s How to Regain Your Financial Dreams Now
To truly build long-lasting wealth, you need to generate multiple, reliable income streams to fund your higher-paying, riskier strategies without risking your financial health.
Here are the steps I recommend you take:
Focus on increasing your ability to earn more money by improving your work ethic and skills.
Choose to live well below your means so you can save over 60% of your monthly income.
Put no more than 5% (if you’re below 30, you can bump this up to as much as 20%) of your liquid net worth into asymmetric investments.
Put the rest of your money into conservative, income-producing investments and strategies.
Reinvest a portion of your safe income back into asymmetric investments.
Repeat until you’re rich and retire comfortably.
More Income = Faster Wealth
It may seem paradoxical. But the more “safe” income you build, the more “free” income you’ll have to speculate on high-risk, high-reward plays that can change your life right now, not 20 years from now.
It’s never too early or too late to begin building your wealth. The sands of time will continue to slip away regardless of your actions.
So why not make the choice today to do something different… Put yourself on the road to happiness and security, and live the dream life you want for yourself and your family.
Now, under normal market conditions, you’d be able to find reliable income in dividend-paying blue chips, high-quality bonds, or cryptos like bitcoin and Ethereum.
Yet as you know, today’s market is anything but “normal,” and the old ways of investing just don’t cut it… and following them could severely limit your wealth and retirement.
Inflation is at record highs… the S&P 500 and Nasdaq are down 21% and 31%, respectively, from their January highs… and cryptos have lagged.
But the good news is that taking the right steps today could set you up for massive returns in the month ahead… as much as 30 years of wealth in 30 days… from those same boring blue-chip stocks.
It’s all thanks to a coming “Anomaly Window” in the market.
It’s a period where the normal rules of investing are turned on their head… and investors see blue-chip stocks like Coca-Cola, Whirlpool, and Caterpillar return 1,050%, 1,174%, and 1,700%, respectively – all in 30 days or less.
Now, because this Anomaly Window won’t last long, I’m holding an urgent event tomorrow night at 8 p.m. ET to tell you all about it.
It’s called Retirement Recaptured: 30 Years of Wealth in the Next 30 Days… and there you’ll learn exactly how this Anomaly Window works… and how you can take advantage of it.
I’ll even reveal the names of my Top 3 stocks to target over the next 30 days for maximum potential gains.
You can RSVP for my free event right here… But remember, the Anomaly Window won’t be open long – once the Anomaly Window returns start rolling in over the next few weeks, it’ll be too late.
So join me tomorrow night. This event is free to attend, but you must reserve your spot.
Let the Game Come to You!
P.S. As I mentioned above, everyone that joins me will get the names of my Top 3 stocks to target over the next 30 days… but that’s not all.
You’ll also receive free access to my Q&A session after the event. Click here to reserve your spot and learn more.