Saw this on Facebook
Are you stuck in this cycle?
Saw this on Facebook the other day:
The unfortunate truth is that most middle class people are always LATE to the party. This is why they don’t make much money or have much wealth in life.
They rushed into Crypto before it went bust couple years ago or they rushed into real estate markets that were overpriced at the end of COVID.
The cycle is typically as follows:
They panic and sell out of their investments.
They think they made a horrible mistake.
They step away from investing in anything.
They lost more money to inflation in the process.
They watch other rich people get rich in different investments.
They kick themselves for not jumping in when they should.
They finally jump back in… only to find out that they are once again… too late to the party.
This is the typical cycle of middle class people. It breaks my heart when I pound on the table to:
BUY, middle class people don’t listen.
SELL, middle class people don’t listen.
Who listens? Rich people.
The only way to become RICH is by educating yourself so you are aware you may be trapped in this cycle.
Educate your friends and families because I would bet you BIG money that they are all also in this same cycle… you could be the one to help them finally learn and break free.
Some people say to me:
Eric, you’re so lucky you made money in US real estate, Apple stocks, emergency preparedness business in a market crash, etc.
Funny how very few people have ever asked me: “How do you get so lucky?”
It’s not just luck folks, I spend an insane amount of time studying the rich and watching the markets.
I read economic articles almost daily. Watch economists talking about the economy almost weekly.
I worked to create my own luck.
Because of 1 simple reason:
I don’t want to be stuck in the cycle.
Here’s the good news:
You can do the same, too!
Escape the cycle of the middle class and become rich.
What do you think of market cycle? Did it happen to you before? I’ve been there, done that. That’s why I’m acutely aware of each cycle. Reply to this email and let us know what you think.
Eric Chang
Calgary, AB
July 16, 2024
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