The big man said it

Warren Buffet is a man that got from zero to multi billionaire, and he did all by himself. But how sadistic he do it? Well of course, you have to have some degree of luck. But he made sure that luck was a very small factor during his lifetime of business. He bet on multiple horses, so when one income stream dries up, you can still rely on the others. And that is in my opinion what made the difference for him. He bought stock, real estate, bonds, etc… to create multiple income sources. And history has proven him right.

The investment world has changed

Do you need to copy him? You can, but I think these days other investments can take the place of bonds for instance. I would erase bonds from the list, and put crypto in its place. Especially with opportunities like the savings account of Hive Backed Dollars. 20 % is a pretty decent income for a risk free investment. Especially if you have other sources of income next to that. In my situation, that is from investment funds and of course from labour. This way I have at least three income streams to rely on, for wealth creation.

You have to be the Elon Musk here, don’t try to invent the wheel again. But make existing ideas better. That’s als a proven recipe for success!

Sincerely,

Pele23