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| Hello to everyone in the Million Dollar and growing Broker Communities! As always, I hope this message finds you all doing well and business is booming! |
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| I recently suggested you should be investing in the market if you're serious about building wealth. More specifically, for those of you in the NEMT industry, I suggested you should continue living off your NEMT business and leverage your broker business to build more cash to pay off debts and invest in the market. Why? Because rich people don't carry debts and the markets are just that good! There is simply too much "Free" money to be made in the markets. |
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| To my surprise, a few people emailed us saying the markets are "too risky, it's not safe," blah, blah, blah. One person even scolded me by saying he was "appalled" that I would make such a suggestion. |
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| So please, let me be clear. I don't own the markets. I am not a financial advisor. I receive no compensation in any way whether you do or do not invest in the markets. Ultimately, I am completely unbiased by what you decide to do. But what I can tell you is that (1) Albert Einstein is infinitely smarter than me and he specifically said that "Compounding interest is the most powerful force in the universe," and (2) I continue to make a lot of money in the market - bottom line! And yes, it is like FREE money! What else can you call it when your money works for you and literally multiplies right before your eyes? |
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| As I mentioned previously, I am up 11.35% year-to-date. Now seriously, compare that to the national average interest rate on a savings account at .08%! Yes, I know there are some banks that are slightly over 1%. But regardless, you can't build wealth by keeping your money in savings accounts. Those interest rates are so low you might as well be keeping your money under your mattress. |
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| Consider a very simple example. If you have $1,000,000 earning 10% in one year, that's a "Free" $100,000 that you didn't even work for! Do you realize the average median household income is pennies under $60,000? Seriously, would you rather work for $60,000 or have your money work for you? |
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| And again, I don't own the markets. I'm not trying to sell you anything! All I'm trying to do is open up your eyes to understanding why you need to make more money to invest so your money works for you. |
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| Trust me, I know the idea of investing in the markets might be intimidating if you are not experienced or you have little knowledge of how the markets work. I get it. But like me, all you need to do is surround yourself with experienced licensed financial advisors. I like to think I know quite a bit about the markets, but because I am way too busy to study or engage in the markets daily, it's critical that I surround myself with an experienced team of advisors. And so should you. |
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| To further underscore the power of compounding interest I did a quick YouTube search to find a basic video to further illustrate some simple examples of how quickly your money can grow when you put it in the position to work for you. I encourage you to CLICK HERE to watch this 4 minute video. |
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| Many of you reading this might already be in the market, making great money, and wondering why I am discussing such basic concepts. Trust me, you would be absolutely amazed at how many people do not have an investment portfolio let alone are aware of the power of compounding interest. So don't take it for granted. |
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| We've all heard various statistics of how few people retire wealthy or of people expending all their savings in their retirement years. There is NO reason for this! There is NO reason you shouldn't be a multi-multi-multi millionaire and never risk having to eat "dog food" in a subsidized community in your golden years. There are SO many ways to make money and then let your money work for you. Your greatest challenge should be making your first million because, honestly, your first million is the hardest part. After that, your money exponentially multiplies and compounds annually like "the most powerful force in the universe!" |
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| Now, as I get off my soap box, I encourage you to "go forth and multiply!" Build your wealth! Don't waste time sending me hate mail or reprimanding me for telling you to invest in the markets to build wealth. |
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See you at the Top!
Joel E. Davis
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| PS: I encourage you to watch the enclosed video. I have never heard of the professor who put it together, but hearing from someone else explaining the power of compounding interest and illustrating how quickly your wealth can grow is important. CLICK HERE to watch and learn. |
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