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Reply to "How to accelerate NW"
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[quote=Anonymous][quote=Anonymous]How do you accelerate your NW? Is it via smart promotions at work? Leveraging connections? Starting a side business midlife? Inventing something? Or making a personal brand? How can I go from $3.8 m NW (including a $1.2 million house), to quadruple that? [/quote] I agree with the PP stating it depends on your risk tolerance and what your definition of accelerate is. By accelerate, do you mean in the next year, 2 years, 5, etc. All the methods you listed can certainly accelerate you NW, some take much more time and risk as others, but they can also fail to produce the desired outcome. Personally, I accelerated my NW by 10x in 3 years investing a lot of money into riskier individual stocks that I put a lot of due diligence into and determined they were undervalued and not as risky as many seemed. Eventually the market figured the same thing out. Yes there is some luck involved as with any investment. I don't recommend this unless you can handle the risk and volatility. But going with the flow (masses) using index funds will never get you a 4x in this short amount of time. Good luck.[/quote]
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