Last week in The Rich Investor, Lee Lowell shared a few of his favorite options techniques… ways to earn more cash in 2019, and one of them is by “piggybacking” off of Warren Buffett’s stock picks.
Today, I’d like to continue that conversation by sharing my philosophy on being “lazy.”
Before you say anything, hear me out… I think Americans have it wrong when it comes to what we consider “work ethic.”
The term, as defined, means: the principle that hard work is intrinsically virtuous and worthy of reward.
Now, as a society, we’ve somehow come to agree that “working long hours” is an appropriate gauge of one’s work ethic – and thus, by extension, how much virtue and reward is owed to the guy who pulls 80-hour work weeks.
Investors see it differently.
And rightfully so.
To us, passive income is the ultimate goal.
We want our investments to work hard for us. And we wisely realize that doesn’t mean we have to work around the clock to achieve market-beating returns and high income.
In fact, the lack of a direct relationship between “hours worked” and “money earned” is a defining characteristic of investing, setting it apart from most other wealth-building pursuits.
Think about other careers: doctors, lawyers, scientists, and engineers. In general, the more hours these folks work, the more financial and professional success they tend to achieve.
And they earn it, for sure! I’d never take that away from them.
But if you’re even a bit like me, or my friend Lee Lowell – two Wall Street veterans who now value our time and personal freedom as much, if not more, than money – wouldn’t you be satisfied earning a living, and building a sizeable nest egg, as a “lazy” trader?
Now, I’m not calling Lee “lazy.” Or myself, for that matter!
I’m only saying that Lee, like me, doesn’t equate 80-hour work weeks with success.
We’ve both been there, done that.
I began my career working for brokerage firms and hedge funds. And Lee spent nearly a decade trading in the pits of the New York Mercantile Exchange.
We put in the hours and paid our dues. But eventually, we came to realize there was a better way to make money on our terms… and a better way to live a life of personal freedom.
Essentially, we chose the life of a lazy trader.
Don’t get me wrong – we work hard. We’ve put in our time and toil. And we continue to work hard!
But we don’t pull 80-hour work weeks just to impress our boss.
Rather, we’ve chosen a path that allows us to work for ourselves – and for you – rather than for the shareholders and C-suite execs of Wall Street’s top firms you hear so much about.
Lee’s and my strategies are all about passive income.
We spend a good deal of time researching plays for you… and the implementation of our strategies is about as “lazy” as it gets.
And since there’s no direct relationship between “hours worked” and “money earned,” when it comes to investing… our strategies have been able to rack up considerable profits with relatively little effort.
Of course, it’ll do you well to keep in mind that we didn’t get to this point overnight. It took years of discipline, experience, and failing to come to stand where we do now. And, as I mentioned, we work foryou.
In my Secrets of a Seven-Figure Trader service, I’ve put together a map of modules – which you can watch and review at your own pace – that can essentially act as your roadmap toward becoming a lazy (and successful) trader.
I’ve found that some people are simply gluttons for punishment when it comes to slogging away at the office (aka “workaholics”).
But, if you’re even mildly interested in learning how you can add a “lazy trader’s” stream of passive income to your life, then I highly recommend you learn the ropes with Secrets of a Seven-Figure Trader.
And soon, I’ll be releasing more information that you won’t want to miss.