0.7 Discover What Is Possible

When confronted with investing for the first time, it is difficult to get an idea or vision of what is possible in the real world. 

This is very important to do BEFORE we start learning so we can set expectations correctly.

This is why I introduced the concept of setting goals and compound interest in the previous lesson.

Keep in mind, that this is not a get-rich-quick idea. It is a set of skills, habits, and knowledge to empower you to get wealthy slowly.

You will have just submitted your first assignment, so you will have done the math of calculating your investment returns over the next 10 or 20 or 30, or 40 years.

To make your previously defined goal seem more real, I have prepared a curated list of articles and forums of REAL stories of success following the core concepts I teach in this course.

• Start investing as early as possible
• Pick a solid investment strategy
• Trust in compound interest over time
• Build the habit of adding a significant portion of your income to your investments every month.

Here goes:

First, some extreme examples of what is possible

Some of the richest people in the world got rich by investing. The most reputable of which is Warren Buffet, who basically does what we teach in this course.

And he has a current net worth north of 80 Billion Dollars.

You can find his story and a few other ultra-successful investors in this article:

The key in this article is a very wise conclusion:

“The Bottom Line

As any experienced investor knows, forging your own path and producing long-term, market-beating returns is no easy task. As such, it's easy to see how these investors carved a place for themselves in financial history.”

Even the most successful investors are proof:

• Focus on long term, compound interest
• Do not treat investing as a get rich quick idea

Second, some real stories of regular people around the world

I purposefully want to highlight totally normal people, working normal jobs, with normal lifestyles. This goes to show investing works for anyone. And as you will find in some of the answers in the Reddit forum I link below: normal people investing small amounts of money produce some excellent results for themselves over time.

This is what I want for you. And this is definitely achievable. All you need is:

• Start investing as early as possible
• Pick a solid investment strategy
• Trust in compound interest over time
• Build the habit of adding a significant portion of your income to your investments every month.

Here is the link to the thread.

This should be enough to get you on board with our mission and to believe in the goal you made for yourself in the previous assignment.

So, armed with that knowledge, let’s get started with your first brokerage account in the next lesson!