We’ve quoted Mark Ford here before. He has some excellent advice here for those of us who find that we’ve bought into the entitlement mentality. Chances are, if you’re a slave then you’ve likely played a major part in putting on the shackles.
A Three-Year Plan to Achieve Financial Independence.
From Mark Ford, editor, The Palm Beach Letter
We recently received an e-mail from Jorge Izquierdo, Jr., a subscriber who complained that “all the material being covered [in The Palm Beach Letter] is for long-term investing. What about short term? I’ve been trying to free my family and myself from the chains of slavery for far too long now. Show me the truth.”
Behind Jorge’s question lies the assumption that it is possible to acquire wealth through some “short-term” investment strategy.
As I’ve explained before, it’s simply not possible to quickly turn, say, $25,000 into $1 million by investing in stocks. But I have good news for Jorge. He can unshackle himself from “financial slavery,” as he calls it, in a relatively short period of time.
Jorge – or just about anyone for that matter – can achieve freedom from financial slavery in just a few years. It does not have to be a lifelong process.
If you are in this situation, here is what you must do…