Comments on: Why Book Smarts Won’t Help You Build Wealth http://www.theundergroundinvestor.com/2006/09/a-book-smarts-won%e2%80%99t-help-you-build-wealth/ The definitive investment blog for investment news not discussed in the mainstream media Wed, 10 Mar 2010 10:39:55 -0600 http://wordpress.org/?v=2.9.2 hourly 1 By: Michael Hamm http://www.theundergroundinvestor.com/2006/09/a-book-smarts-won%e2%80%99t-help-you-build-wealth/comment-page-1/#comment-164 Michael Hamm Wed, 08 Nov 2006 15:39:19 +0000 http://www.smartknowledgeu.com/blog/investment-psychology/13/a-book-smarts-won%e2%80%99t-help-you-build-wealth/#comment-164 Wow, amazing. This post really sums up what I have thought about wealth creation for a long time. I am young have a degree in finance and economics, but all I wanted to do was create wealth. Even an above average paying job in today's inflated eocnomic climate doesn't provide a level of 'normal' living. I originally started trading stocks and looking into investing in different asset classes. The biggest hurdle for a young guy like myself is the lack of 'leverage' and capital. The process of wealth creation for young guys I beileve is the proper application of capital leverage and forward insight. The ability to take leveraged chances to create larger capital base. I realised that competing against time (long term investing) and larger corporations in the investing world wasn't really going to help create a vast amount of wealth. I believe starting businesses and higher, more calculated endevours are needed to accumulate wealth. Wow, amazing. This post really sums up what I have thought about wealth creation for a long time. I am young have a degree in finance and economics, but all I wanted to do was create wealth. Even an above average paying job in today’s inflated eocnomic climate doesn’t provide a level of ‘normal’ living.

I originally started trading stocks and looking into investing in different asset classes. The biggest hurdle for a young guy like myself is the lack of ‘leverage’ and capital.

The process of wealth creation for young guys I beileve is the proper application of capital leverage and forward insight. The ability to take leveraged chances to create larger capital base.

I realised that competing against time (long term investing) and larger corporations in the investing world wasn’t really going to help create a vast amount of wealth.

I believe starting businesses and higher, more calculated endevours are needed to accumulate wealth.

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