You probably know Albert Einstein as the world-famous physicist behind the theory of relativity, but did you know he had a lot to say about building wealth?
That’s right. I’ve used some of his lessons to build up sums of wealth that will catapult me into an early retirement.
Now I want to show you how you can use these lessons and apply them to your finances so you can reach the financial heights Einstein was able to reach…
Most people wouldn’t associate Einstein’s name with the idea of money, but you must remember that with great success comes great wealth—and we all know how successful Einstein was.
In fact, at the time of his death in 1955, he was worth around $1,000,000, which is the equivalent of $10,230,169 in today’s money. On top of that sum, he’s still cashing in checks over 60 years past his death.
From a deal with Disney, Einstein accumulated $16.3 million in 2017 alone.
Einstein was a humble man, but that doesn’t mean he wasn’t interested in money.
Like I said, I use Einstein’s lessons on wealth all the time, and they’re a big reason why I’m going to be able to retire in luxury decades before everyone else.
Now it’s time to get you in tune with 3 of Einstein’s most important wealth building lessons so you can get on the fast track to that life of luxury.
Lesson #1 – Be skeptical
Einstein’s skepticism led to some of the greatest theories known to man, but it works just as well with money.
This doesn’t mean you should be conservative with your investments; it simply means that you should be skeptical of anybody who’s trying to sell you something.
Salespeople can cleverly disguise themselves as advisers, and skepticism helps protect you from making poor financial decisions.
The worst kind of salespeople are fund managers. You should be extra skeptical when it comes to the people who are going to be handling your money.
Lesson #2 – Be non-conformant
Einstein was widely known for his rebellious nature.
I’ve said it before and I’ll say it again… when every single investor crowds one side of the canoe, it’s bound to capsize.
Go against the grain with your investments. Take chances by doing the opposite of what the experts say.
With the tools you’re equipped with, this can only lead to minimal losses, but the rewards could be life-changing.
Lesson #3 – Understand the most powerful force in the universe
Einstein has been quoted as saying: “Compound interest is the most powerful force in the universe,” and, “compound interest is man’s greatest invention.”
If you’re not familiar with compound interest, it’s defined as the act of reinvesting your profits back into your capital investment.
For example, let’s say you make a 5% yearly dividend from a stock you own. Investing that dividend payment back into the stock will reveal the full power of compound interest.
You’d be amazed at how quickly your wealth will grow using this lesson.
Investing $10,000 into an investment that pays a 5% dividend will turn your initial capital into $27,863 in 20 years.
These are 3 of Einstein’s most powerful wealth-building lessons. Allow his genius to guide you to your financial goals once and for all.
