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Tuesday 19th July 2005AD
GETTING STARTED IN WEALTH CREATION
We had been asked to address a group of new investors gathered in London. As is typical of such meetings, we very quickly discovered that we were working with a broad cross-section of cultural, professional and social backgrounds.
"Regardless of which level we are getting started" I began, "the principles and processes for wealth creation will remain the same for all of us."
Perceiving a growing sense of relief amongst the group, my colleague moved on, "in today's world, for even the most sophisticated, to CREATE and PRESERVE wealth is vastly more difficult than what it was just a few short years back;
~ Firstly, the path to wealth creation is perplexing, with confusing deviations and uncertain signs.
~ Then, the obstacles and barriers along the way are greater in their number.
~ Thirdly, the unseen burdens and pitfalls are greater in their complexity.
~ And finally, once some success is gained, those waiting to steal it are far more vicious and deceitful than before."
During our time with the group, we had been able to explain that wealth creation is NOT about having the capital to invest, the timing of trades, technical and cyclical trends, market sectors or fundamentals or any of these other distractions. "Rather", we concluded, "getting started in wealth creation is ALL about first building a solid FOUNDATION of wisdom, knowledge and history."
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Best Regards
Philip Judge
pjudge@anglofareast.com