In Robert Kiyosaki's book, we learned about the 4 roles in a capitalistic society
Employee -> Self Employed -> Business owner -> Investor
Most people believe that you should fit into one criterion (e.g. Employee)
However, I believe that we are all 4.
Just like how a 9 to 5 employee would invest their own retirement portfolio.
To maximize our earnings, we would need to be in all 4 roles at some point
For example
For a long time, I work in KPMG as an employee and also build my own business on the side (e.g. Self Employed)
I then quit KPMG to work full time in a self-employed to scale my business
Once I reach a high level of call volume, I have to call in help, which makes me the business owner, where I focus on designing systems to deliver results instead of doing the day-to-day work.
Finally, I invest the remaining earnings as efficiently as I can with the highest return I can achieve (30% is a good target)
As I am starting a new business (My new 100 people hedge fund in US), I will go back through the 4 roles where:
1. I am the portfolio manager and trader (employee)
2. I own the portfolio management business (self-employed)
3. I design systems for people to trade on my behalf (business owner)
4. The shares of my company appreciate (investor) and we take it IPO in 7 years
Cheers,
Eric
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Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
In October, my goal is to help 20 people without a financial background to master investing through Investing Accelerator.
Investing Accelerator is designed for people without a financial background.
The goal is to achieve 30% return per year.
In the first phase, you will learn long term investing and targeting 30% for tax free compound growth. This will help accelerate your overall wealth.
In the second phase, you will learn monthly passive income to provide a more predictable cash flow (target 30% per year) which can cover your expenses. This will help accelerate your retirement goals.
If you are interested, then let's hop on a call to see if you can benefit from the strategies in Investing Accelerator and get 30% per year. During the call, we will map out exactly how you can achieve 30%, what you are lacking, how you can improve. If you have any questions about the program, you can ask during the call as well.
Remember to go to the Classroom tab for additional investing resources.