Building Wealth with Silver. Thomas Herold
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doing. Likewise, you can count on greater risk when leveraging if you don't know what you're doing.
We'll show you how to achieve this. When you fully understand the fundamentals of an investment – and know how to minimize risk – you can simply and confidently make up your mind to jump in or to leave it alone.
Moving along to the next chapter you will learn the basic general principles of being a successful investor. It all begins with mental preparation and knowing how to turn your mind into an asset.
Once your mind is an asset the particulars of your worldly physical existence will unfold in the same way. This is actually the most important and crucial chapter because it assures you success forever. You may at a certain time in your life be broke, but you will never be poor.
Being poor is a state of mind, being broke is only temporary.
Where is The Global Economy Going?
In the final chapter you will get an overview of the global economy and get an idea of where the global economy is going. This information will be important for developing strategies to protect your investments. Our recession (and possible coming depression) is really only the tip of the iceberg for the ship of the U.S. economy. Things will get worse for quite some time before we begin to see the beginnings of a better, more resilient global economy taking its place.
The current financial system is broken and does not support us any longer. It is not a question of if it will fail – it is a question of when it will happen. If you educate yourself now, you will be prepared for the cascade of changes to come and learn how to benefit from the largest transfer of wealth the world has ever seen. It's really a simple black and white question that involves deciding to be poor or to be wealthy. I assume that you already made up your mind, otherwise you would not have acquired this book.
Last but not least, a word about learning. Your financial eduction will be tremendously more successful if you learn to roll with the punches. Don’t give yourself a hard time when you have trouble grasping a term or understanding a method illustrated in this book.
Our system of education, like all our other systems, is pretty much in the same bad shape as our economy. Industrial age educational principles with an emphasis on conformity and rote memorization were designed to produce workers with little initiative and creative problem solving skills. Not flexible, self-aware individuals, who can confidently assimilate new concepts and put them to use. The best investors learn in this fashion and so you will too.
You will experience hiccups here and there during your personal financial education. Slow down if you need to, cultivate patience with yourself, and soon you will see that learning can actually be a fun thing. When you are engaged and curious about the subject material and calm enough to see emerging possibilities, learning will not be an issue at all.
In this book you will learn two things:
•Silver is a fantastic investment instrument
•Silver investment tactics to make huge profits
I truly believe in you and your ability to become wealthy beyond your wildest dreams.
Thomas Herold
Financial Educator & CEO Wealth Building Course
Chapter 1
From Pinching Pennies to a Six-figure Portfolio In Just Three Years
''Do not wait until the conditions are perfect to begin. Beginning makes the conditions perfect.'' - Alan Cohen
Four years ago my wife and I moved from Hawaii to California. Many people asked us why we would leave such a wonderful place like Hawaii. The answer is simple – we needed change. As wonderful and indulging Hawaii can be, if you live anywhere for several years, even in paradise, you may come to no longer appreciate what you have.
That happened to us and we soon began to want to start something new. Our new dream life would involve some sort of business that could help people achieve prosperity and abundance in their lives.
We arrived in California with two suitcases each and a few thousand dollars in our savings account. As we didn’t know where we wanted to live, we cruised around for several months living in cheap motels as we explored different areas.
Our savings dwindled quickly and we decided to switch to renting a room in areas that we wanted to check out more thoroughly. That turned out to be a good decision as we met more people and spent less on room and board.
It was during the time The Secret had come out and we loved it. We loved it so much that some of its ideas sparked the creation of our own vision board as a way to give substance to our dreams.
Our first idea was to do an actual physical version of a vision board but we soon realized that this would be very limiting so we decided to create a software application that would allow anyone to create one on their computer.
We were excited. . .
We Finally Had an Idea
We started to pour all our energy and effort into it. Lots of decisions had to be made. We founded Dream Manifesto, LLC and started to build a website. I worked day and night and sometimes I had so many obstacles to overcome that I didn’t know where my head was anymore.
I do have some knowledge of computers and electronics, however, I had not a clue how to begin creating what was needed for an electronic vision board. Where to begin? I studied programming techniques for days only to get endless error messages on my screen. Many times I was ready to call it quits. But slowly I made some small progress and things started to work out.
We moved into a small apartment complex and spent our weekends going to garage sales to get our new home furnished. Ah, the joys of having a bed, a table to eat on and some desks to work on. At that stage we were quickly running out of funds so we started to make calls to friends and relatives to borrow money.
Every month we did not have one penny in income but we did have about $3,000 in expenses. It was very challenging to come up with the money each time. However, we were excited about our vision and what we were creating. We knew that things would work out eventually.
After only five months we were able to break even and did not need to borrow any more money. I remember the day we finished including the online payment option on the website. We waited in anticipation for the first order to come in. It did soon enough, and by the end of the day, we had a total of five. We were so happy – it was a huge success for us.
A friend of ours recommended that we customize our e-mail client to play a specific sound when an order came in. I decided to go for an applause. From then on every time we got an order we got a huge round of applause to cheer us up. It was like getting a shot of adrenaline where we needed it most.
My First Getting Rich Book
Back in Hawaii I had started to read some financial books. I remember how awkward I felt when I had picked up my first book on getting rich. I certainly had a lot of beliefs and concepts around this topic both pro and con. My middle class upbringing did little to instill a sense of excitement about the possibility of becoming wealthy.
My parents both worked for the government and strongly believed in good education and hard work. Success was measured in very small doses and in years of toil – any other approach was seen as a mere pipe dream.
At that time it was all about saving money and living on a budget. I remember that my parents sat together in conference once every week to go over the monthly budget. My mother used paper envelopes to