Why I’m Grateful that COVID-19 Messed Up My Life

Why I’m Grateful that COVID-19 Messed Up My Life

When Denmark locked down in the spring of 2020, I, like many others around the world, watched the news unfold with confusion and a growing sense of isolation.

I was alone with two small boys (3 and 6 years old at the time), and I felt trapped. I couldn’t even run down to raid the supermarkets for ground beef and toilet paper because I couldn’t leave my two small children behind.

The lockdowns were challenging both personally and professionally.

My business required time I no longer had because I was with the kids 24/7. Personally, I found it challenging to be with my kids all the time without any school/daycare or support.

Although both lockdowns were costly and had horrific consequences, I am grateful for the experience and for the changes that happened as an indirect result.

In this blog post, I will reveal the chain reaction that the lockdowns set in motion in my life.

1. I Started to Blog in English

For a long time, I had wanted to expand my business to the global market with the domain moneyandfreedom.com. When the lockdowns first happened, I thought it was a good time to build an international following.

Why was this my first decision?

It was probably driven by a strong urge not to just sit with my hands in my lap and watch the world go into a coma. 

I had to do something to feel like I was still moving forward – and that was the first spontaneous change I introduced.

It was a logical move at the time. With the first lockdown, all of social media began to buzz like a restless beehive. I wanted to take advantage of that hyperactivity.

I translated blog posts for www.moneyandfreedom.com and created both an Instagram profile and a Facebook page in English.

Doing this, I built the foundation for an international network with other value investors that has led to being invited to Guy Spier’s famous value investor dinner in Omaha this year.

2. I Improved My Value Investor Course

Being alone with two children, time was not an abundant resource.

Yet, during the first lockdown, I decided to level up.

I re-recorded all my videos and expanded the material. I hired someone to review the flow of the course, an excel guy to rebuild my spreadsheets, and I hired an editor to go through my texts.

3. I Revolutionized My Sales Method

Before the lockdowns, my business depended on sales calls.

In the past, to get in on my group coaching program, you had to go through an hourlong interview where we assessed whether value investing was something for you.

With school and daycare closing, it was impossible for me to continue with those talks because I had children in the background all the time.

My sales stopped almost overnight, even though people needed me. The stock market had taken a sharp v-dip and people were contacting me for help – but I had no time to talk with them individually.

I decided to sell collectively via a webinar instead of through conversations.

My business coach – who had recommended sales calls – warned me that I would flop with the new method. She believed that it would be impossible to sell such a course through a webinar.

But I insisted, and it went well.

In the first webinar, I caught up with last year’s course participants – and it was a huge victory.

I made up for all that had been lost and more. But most importantly: it freed up a lot of time, which I could now spend on developing both my business and my personal life.

It changed my life.

4. I Took the First Steps to Open My Hedge Fund

When the market dropped in 2020, I started researching how I could invest for others.

With the help of a good accountant, I laid out the whole plan for establishment and started holding meetings with interested investors.

When the market rose sharply again in the fall of 2020, I put the plan aside for a bit and waited for the market to calm down.

A year and a half later I got ready again. I opened the fund in the summer of 2022 instead.

5. I Rethought My Entire Life and Decided to Move to Portugal

When the government recommended that we limit ourselves to seeing the 10 people closest to us during the Christmas holidays of 2020, it became very clear to me that I was alone with my children.

Of course, I have always been aware that I have had children alone (I had my two boys through fertility treatment and anonymous donor), but now I understood how alone I really was.

Specifically, I realized I wasn’t on anyone’s top 10 list.

We all experienced grief about someone we couldn’t see or something we couldn’t do during those times.

I was upset, but I accepted it. There were good reasons to keep the list small.

That acceptance opened up the possibility of a whole new life.

I faced my truth, and it made it possible to change my life quite radically.

I was lying in the dark one winter morning during the second lockdown and thought that I didn’t want to live my life the way it was then.

I tried to gather the strength to get up for another day, trapped with children in an apartment in Nørrebro. It was dark and cold outside.

I had to manage blog posts, teaching, business development, shopping, cooking, cleaning, laundry, LEGO assistance and everything else, in 81 square meters.

I promised myself that I would never experience another winter like that in my life.

I promised myself that the following year I would live a different life.

I struggled as a full-time homemaker while running two businesses.

Discovering that I wasn’t on anyone else’s top 10 list also opened up the possibility that I could do anything because I no longer felt like I was bound geographically by relationships. I didn’t have to stay in Denmark for anyone.

I could design my life exactly how I wanted it to be.

I asked myself:

How will I live my life if everything is possible?

I began to design my new life in my mind. It helped me through the darkness.

Here were some of the criteria:

  • We had to live in house with a room for each of us and with a live-in maid.
  • I would be able to afford and have space for domestic help: a cook, babysitter and maybe an au pair.
  • I wanted to live somewhere with more light and warmth.
  • There should be good, international schools.
  • There had to be a good expat environment so that I could quickly make new friends.
  • Our new home had to be within driving distance of Denmark (in Europe).
  • It had to be a safe country with low crime and a good healthcare system.
  • There should be lower tax than in Denmark.

I researched different countries that we could live in, and I very quickly settled on Portugal. The next step was to look for a school for the children and a house we could rent.

From the time I got the idea, it took three months to set the plans in place and five months for us to move. We found a house and school in May, and we moved there at the end of June, 2021. It went so quickly.

What Can You Take Away from This?

If you experience a period in your life that is difficult, use it positively. Ask good questions.

We are often challenged emotionally because we’ve lost something – a job, a relationship, a broken love, an illusion that has been shattered.

First of all, you must avoid self-pity. Self-pity appears because we have bad self-talk and ask ourselves negative questions like, “why can’t I ever do this and that,” “why doesn’t this work” or “why only me?”

Nothing good comes of this kind of questions.

Ask yourself questions that lift you up:

●     If everything is possible, what do I want?

●     How do I want to live? Describe it in detail.

●     What opportunities are opening up now?

●     What is good about this situation?

●     How can I be grateful that this happened?

When something disappears, it makes room for something new – something that can be even better.


My Life Today

Today we live in Cascais, which is a suburb of Lisbon.

We live in a house of approx. 230 square meters with four bedrooms, a large living room, a yard and access to a pool – and within walking distance of the beach.

We now sleep in our own rooms – and it was only when we got down here that all three of us started to sleep properly, because it’s quiet and safe here (the noise in downtown Copenhagen caused a lot of nighttime wakeups before).

We live in a gated community where the boys can run to and from playmates’ houses.

The children go to a good international school, and I have a far bigger network and more help than before.

In practical terms, I have a full-time cook and cleaning help, as well as a Dutch au pair who lives with us.

I have found friends through parent networks and a coworking space five minutes away from our home.

Whereas I used to wake up not knowing how I was going to get through the day, I now wake up every morning looking forward to researching investments, teaching, reading, writing and playing with my kids.

If you want to learn more about how I created the financial freedom to be able to move to Portugal, you can read my e-book, Free Yourself. You can download it here.

Five Hacks for Getting Productive After a Vacation

Five Hacks for Getting Productive After a Vacation

We all know the feeling.

You’re back from a long vacation, and now you barely remember how the coffee machine works.

While you’ve been away, tasks have piled up while your pace is slower than before.

How do you get into it again?

Where should you start, and how?

This week’s blog post gives you my five best hacks to skip the holiday paralysis and kickstart your productivity.

1. Have a Solid Task Brainstorming Session

The first step is to get it all out of your head and down on paper.

You need to make a long list of things that need to be done. Brainstorm and write freely without judging the items on the list.

I usually write it out on a loose piece of paper from the printer, which I tape or glue into the first page of an A4-size notebook.

That page is your master list that you can edit and go back to.

I cross items off the list and add new items daily.

When it gets too messy to look at, I make a new one and tape it onto the first page again.

On my list, there are both things like “pay bill” or “buy more canned cat food” and things like “write blog posts” or “get a business bank account,” in an unprioritized order.

Here, of course, the most important thing is the bank account, while the cat can live quite a long time on dry food.

But don’t worry for now about different categories and priorities.

The most important thing is to get it all down.

Your to-dos will create noise in your head if you don’t get them down on paper.

2. Prioritize, Simplify, and Outsource

Next, go through the list and prioritize.

You can write 1-5 on the left, where 1 is the most important and 5 is almost unimportant. I actually prefer a simple system from 1-3 (my brain likes three choices): high priority, medium priority, and low priority.

Remember that urgency and priority are not the same thing. Just because something is urgent doesn’t mean it’s important.

It’s urgent to buy toilet paper if you’re out of stock, but in the big picture it’s not as important as getting a handle on important building blocks in your career or business.

Be careful not focus on putting fires out by constantly tackling the urgent tasks – it can quickly dominate your day.

If you can automate these kinds of tasks, maybe with an assistant or automatic online order once a week, that’s great.

Dealing with the little now-now-now matters makes you less efficient with handling the important things in life.

It’s essential to be completely on top of which tasks should be allocated your best “brain” time (which is early in the day when your brain is most fresh).

One of the most important things about the long list is to cross off the little things quickly.

3. Preplan the Week on Saturday Mornings

Do your schedule and planning well in advance. You should ideally make a weekly plan on Saturday morning during your best “brain” time.

By Monday morning, you should already know exactly what to tackle… otherwise you risk spending too much time staring at the wall, feeling paralyzed, not knowing what to do.

When planning your week, remember to also ask yourself, “What can I do this week that will make next week easier?”

If you ask this question every week when planning the week, it will have a big effect over time. It’s about outsourcing tasks and finding easier solutions so that you can focus on what’s really important.

When planning the week, remember to scan the field for landmines. You need to consider what could go wrong that could prevent you from completing the tasks so you can make backup plans. What do you do if the flight is canceled? Or if a child gets sick?

4. Make a List of Tomorrow’s Tasks

Every evening, I write down three important tasks that I must complete next day, come hell or high water.

I write the three things down the night before so that I am completely aware of what I want to prioritize when I wake up the next morning.

There is something magical about the number three. Studies have shown that most people pass up free samples of jam in the supermarket if there are more than three flavors to choose from, because it seems overwhelming to them.

There is a reason why the hero in fairy tales always has to go through three trials. Four trials and you lose both the hero and the reader.

However, I have heard of a slightly more sophisticated system that I am considering implementing. It’s called the 1:4:5 rule.

The idea here is that you should limit yourself to 10 tasks per day. One large task, 4 medium and five small tasks.

Whether you choose 3 or 1:4:5, remember to write your tasks down the evening before. Being prepared is crucial.

5. Evaluate and Adjust

When the week is over, review it and consider what you would do differently if you could have a do-over.

In this way, you can improve your own ability to work effectively with the most important things.

Was there anything that distracted you last week? Did something interrupt you? Were there unforeseen “landmines”?

How can you get rid of what went wrong last week so it doesn’t show up again?

If social media is distracting you, can you delete the app from your phone?

If messaging with a loved one is pulling you out of your productive zone, can you make an agreement only to text during work hours if really necessary?

Are there any urgent, but not important tasks at work that you need to learn to say no to?

If there is something in the home that distracts you, can you sit somewhere else?

Try to look at your distractions in detail and find out how you can improve.

Become a Better Investor, Too

What does this have to do with investing in stocks. 

As an investor, it’s also important that you get things done: research, follow up, invest.

Many people get paralyzed when it comes to investing.

I often hear people say things like:

“I believe in value investing, and I really like your method. But I can’t seem to get it done.”

If that’s you, review these five points with investments in mind:

Write down what you need to do to invest.

Prioritize what is important to get done.

Get your tasks scheduled.

Write down 3 things you have to do tomorrow with your investments.

Evaluate how it went and why you maybe weren’t super efficient.

Sometimes a small decision can have a gigantic effect. Nine years ago, when my eldest son was still a baby, I discovered that Netflix was dominating my evenings to the point where I was getting sloppy with our nighttime routine because I wanted to watch my shows.

How could Netflix be more important than showing love to a small child? It seemed completely wrong to me, so I decided to cancel my subscription, and guess what? I’ve never gone back to it.

Yes, I’ll miss out on Squid Game and Tiger King, but I can use that time to do things that are of a greater importance to me. Like quality time with loved ones, reading and studying, and – yes – investing.

Not getting things done is probably one of the biggest barriers that prevents most people from becoming good investors.

The first thing you need to do is download my e-book Free Yourself, where you can learn a lot more about investing. You can download it here.



Five Areas Where You Can Obtain Compound Interest

Five Areas Where You Can Obtain Compound Interest

Albert Einstein called the power of compounding a miracle.

To be more exact, he said:

“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.”

The power of compounding is an expression for the effect when the money that you have already earned using your money, also starts making money.

What is compound interest and how can you achieve it?

In this blog post, I’ll give you five examples of it. The first is the most obvious one: your savings account.

1. Compounding With Interest

Let’s imagine you have a savings account with interest on it (as in the old days). Let’s say that the interest rate is 10% (this was actually possible when I was a child).

You deposit 1,000 USD… and then you do nothing more.

Next year you have 1,000 USD plus 10%, and that will amount to 1100 USD.

The year after that you’ll receive more than 100 USD, because the first 100 USD you earned on interest will also earn you money. Now you get 10 % of 1,100 USD.

So the interest earned on year two is 110 USD.

The extra 10 USD came from the power of compounding.

2. Compounding on Stocks

Of course, the same thing happens with your stocks.

But when it comes to shares, you may need to do something active to take advantage of it.

The money you have already earned must be reinvested in order for you to take advantage of the compounding effect.

For example, if you get paid dividends or have sold shares with a gain, you have to reinvest the return so that it’ll still make money for you. If you buy shoes with the money, you’re ruining the power of compounding.

3. Knowledge and Experience

Warren Buffett says there is power of compounding when you gain knowledge. It’s important to keep learning and reading about companies you want to invest in.

The knowledge you build makes it easier to absorb additional knowledge.

We continue building on what we have already invested in our brain.

This obviously is true for all kinds of experience and knowledge – not just investing.

4. Friendship and Goodwill

Whatever you send out, you get back manifold.

The famous value investor Guy Spier believes that one of the things contributing to his success is a habit of sending three physical thank-you letters by mail every day.

He says the little things in life can have a big effect over time. However, it can take up to five years before the effect shows up – and most people have already given up long before that.

“I now understand, this habit of writing letters is an incredibly effective way of compounding goodwill and relationships instead of merely compounding money,” he wrote in chapter five of his book The Education of a Value Investor.

“The narrowly financial application of compounding may be the least valuable and least interesting aspect of this phenomenon.”

This way of thinking is very inspiring and can really make you aware of what you are setting in motion.

One unkind word can turn into a crisis. A little well-meaning praise can be the beginning of a budding new friendship.

But it’s important not to expect an immediate and quick return on your effort.

Just give and let go. Everything comes back to you amplified – but from unexpected sources.

5. Health and Strength

The power of compounding is inherent in everything.

Of course, it also applies to your health.

If you aim to become a little healthier every day, exercise a little more every day, you can get in very good shape in a very short time.

Think about it.

If you just get one percent stronger every day, you’ll be a lot stronger after a year.

Or let’s take running as an example.

According to a very common rule of thumb, you can only add 10% to your weekly mileage (in order to avoid running injuries).

Let’s say you’re beginning a new running practice, and you’re not supposed to run more than 10 miles (accumulated).

In week two you can run 11 miles – which is really NO difference in your daily running schedule. This stuff can drive you nuts with impatience if you want to train for a marathon.

But wait, it gets so much better as the power of compounding sets in.

10 weeks later you’ll already be able to run 26 miles, and after 15 weeks you can run 42 miles. After a while, you can add 15 miles a week to your weekly total.

Obviously, there is a natural limit – you can’t become infinitely strong or run infinitely – but for a long time, you can reap the benefits of the power of compounding.

Also, there is a kind of mental compounding. When the ball gets rolling and you can feel how you’re getting healthier and stronger, you’ll feel like doing even more.

It is very motivating.

Where Do You Want to Apply this Power Today?

I could give you many more examples of the power of compounding. 

In fact, it’s in everything.

Even in this blog.

Let’s say you launch a blog, and in the first year, you have around 500 readers who are mainly your polite friends and family.

But if just 8 out of 100 recommend it to a new reader every month, the blog will grow organically to 1,200 in a year and to 46,000 readers in five years (oh, please take this as an invitation to invite others to read the blog or download the e-book).

I tend to think about this power and live by it in everything I do, whether it’s learning a new language, running, teaching my kids to read, or spreading kindness.

My question to you is:

In what area of your life do you want to activate the power of compounding today?

If you liked this post, remember to recommend both the blog and the e-book Free Yourself, which you can find here.


The Ten Most Important Things I Learned From Bob Proctor

The Ten Most Important Things I Learned From Bob Proctor

Bob Proctor taught many people how to live their lives to the fullest, to be more and to earn more than they ever dreamed of being and earning before they met him.

Bob, who was 88, was in the middle of a lot of projects when he died (it’s said he died peacefully in his sleep), and for many of us it feels like a long conversation interrupted too soon.

I was in the middle of getting a certificate as a Proctor-Gallagher consultant, and I was doing a mastermind group with him every week where he gave lectures and answered questions.

I learned a lot from him, and I hope I got it all. I wish I had asked him more questions. I felt like I was holding myself back and waiting for the right time to ask my questions… and now it’s too late. I have to work with the material that he left behind.

Bob tends to say that you haven’t learned it until you can explain it.

That’s why I will use this blog post to honor his memory by looking through my notes from his mastermind teaching, selecting the ten most important principles… and explaining them.

Maybe they can be useful for you, too.

In any case, here they come:

1. Always Work From Your Goal

A lot of people get lost on the trail because they don’t know where they want to go.

People doubt themselves and look for guidance outside of themselves. They ask other people all kinds of questions.

Should I quit my job first or wait?

Should I set the price at this or that?

Should I buy a house or rent one?

“I do not know. What is your goal?” Bob would reply.

Bob says you should always work with your goal as your point of gravity.

This means that you need to be fully aware of what you really want to achieve.

What does it look like in detail? Describe it. Write it down.

This applies to all areas.

Let’s go through some examples:

If you want a new house, describe that house in detail. The view, the different rooms, the atmosphere, the sounds, the smells. Forget about practical things like the physical location, the exact price, or the mortgage.

If you want to build your business, you need to be fully aware of what you want to make, who you want to serve, how much you want to earn and how much time you want to put into it before making any business decisions. Describe your business and your life.

If you are single and want a partner, do the same. Describe the person you want to attract. Also, write down who you want to be in the relationship. Many people make the mistake of throwing themselves into a relationship with someone who isn’t a match at all because they haven’t really decided what they want to attract – they pick something random that life throws at them.

2. Set Big, Dizzying Goals

Bob talks about A, B and C-type goals.

An A-type goal is something that you know you can achieve because you’ve done it before.

A B-type goal is something that you think you can achieve because you have the skills to do it and maybe you did something similar before.

A C-type goal is when you haven’t got the slightest idea how you’ll achieve it.

To give you an example, it was a C-type goal when JFK decided to have the US astronauts land on the moon within a decade. No one had done it before.

The purpose of a goal is to make us grow as human beings. We don’t grow if we set small goals.

That’s why you must set big, juicy, and impossible goals.

3. Be the Person You Want to Become

You need to assume that your goal has already been achieved.

You have to say, “I’m so happy and thankful now that I run a company with a million-dollar profit,” or “I’m so happy and grateful now that I run a billion-dollar fund” – even if you don’t have a company or run a fund at all.

You should feel the joy of having achieved your goal right now.

Never say you want to achieve anything. Say you ARE it.

For example, “I’m a successful businesswoman.”

Achieving a goal is about growing and changing, so the trick is to grow and change into that person who has already achieved the goal even before it has actually happened.

Think about who that person is and how they behave. Start living from that perspective.

How does your goal person make decisions? What kind of decisions do they make? Make that kind of decision in the same way.

What kind of discipline does such a person have? You must have the same discipline.

What kind of attitude does such a person have? You must have the same attitude.

You’ve got to see yourself being the person you want to become. Because ultimately, it’s all about who we become.

4. Get Into Your New Habitat

You have to start living the life of the person you want to become, and that means submerging yourself in that person’s habitat.

If your goal is to move to a certain type of house, go to that area every day. Hang out near those kinds of houses.

If it’s a certain lifestyle, start living that lifestyle right now to the best of your abilities.

Maybe you can’t afford to sleep in the first-class hotel yet. Then just go there for a coffee. Feel the atmosphere.

If your goal is to attract love, start being love. Give yourself flowers. Give love to others.

See yourself living the life that your goal person does.

Visualize it. Live it already. Feel it. Be it.

5. Sacrifice Something

Something has to go to make room for the new.

What are you willing to let go of?

Maybe it’s an old story about how the world works (e.g., “capitalists destroy our world”).

Or it could be a story about yourself (“I’m not good at money”).

It could be a habit like watching Netflix every evening or postponing doing the work.

Maybe it’s sleeping late in the morning so you can get up and write for your book project starting at 4 a.m.

What are you willing to sacrifice to reach your goal?

6. Wanting More Money is Good

“How much money are you comfortable saying you will earn?” Bob asked.

There is something unnerving about that question.

Because isn’t it true that a lot of people are uncomfortable with money?

Many people are ashamed of wanting to have more money, and that is completely wrong, Bob says.

What makes you strive for more money is the same thing that makes you grow as a person.

It’s the same force of nature that makes a plant grow.

From this follows that it’s good to set big money goals.

Money is just a kind of energy.

“Money is an accurate measure of how you are progressing towards your goal,” Bob said.

Are you comfortable making more money than your dad did? Than your whole family combined? Are you ready to earn more than your previous employer?

Where is your limit? Try to push it.

7. Stay Focused and Take Action Every Day

Stop focusing on what is missing and start focusing on what you want and what actions you can take every day.

Let go of the past. It’s not there anymore. Do not let current circumstances limit you.

This week’s grades, or your current payroll or bank account statement is also a thing of the past.

These things are not who you are – they’re just small relics of your past story and your old paradigm.

Don’t ever focus on what you don’t want, because you’ll just get more of it.

Only focus on what you want.

Think ahead all the time and do what needs to be done.

Ask yourself every day:

“What is the best goal-achieving activity that I can do today to achieve my goal?”

And then do it.

8. It’s Simple

“Stop making it so complicated,” Bob said. “You just have to make a decision and get emotionally involved with it, and you will attract everything you need.”

The only prerequisite is wanting it.

He calls it the “power of assumption” and says it’s life’s greatest shortcut. Just assume that will happen.

“This-will-be is a great way to live,” he said.

By the way, saying that it’s simple is not the same as saying that it’s easy, because staying focused on the goal (and cutting out distractions) requires will and discipline.

9. Take Massive Actions

Don’t be afraid of actions.

A lot of people get paralyzed, because they are afraid of doing something wrong and making a mistake.

That’s just resistance, and the best cure for resistance is action. Whenever you feel resistance, think of an action you can take, and take it.

There is no reason to fear failure, because so-called failure is just “unfinished business,” Bob explained.

He said it’s nothing to get hung up about.

“Every action you take is going to show you where to go next. Just keep taking action. You can’t take enough action when you have a big goal,” Bob said.

10. “And This Is Good.”

Bob sometimes told us the story of how he lost his only manuscript for his book You Were Born Rich in a taxi.

He didn’t have the license plate number. He didn’t even remember the taxi company, the color of the car, or the face of the driver.

“And this is good,” he said when he realized that the book he had worked so hard on writing was gone forever.

Then he began to look for reasons why it was good.

He ended up rewriting the whole book, and he was convinced that it became much better because of the rewrite.

Bob is gone now. The conversation with him is over.

I know exactly what Bob would say. He would say:

 “…and that is good.”

I’m not sure how it’s good that he is gone, but I’m grateful that he was here for 88 years and taught us the Law of Attraction for 65 years of his life.

I wish he could have turned more than a 100 so I had 12 more years to learn from him.

But that’s not how it turned out, and somehow it’s good.

 I don’t know yet why that is good, but I will keep looking for the reason.

To learn about building wealth through stock market investing, read my e-book Free Yourself here.



What’s the Difference Between Rich and Wealthy?

What’s the Difference Between Rich and Wealthy?

Rich or wealthy?

Maybe you think these are two different words for the same thing, but they aren’t. 

You can almost hear it in the word. One is like a rush. It’s material. The other is more solid and has more of a psychological quality to it. 

So what exactly is the difference? Here are seven…

1. Rich People Have a Lot of Money

You can be a top lawyer or a skilled surgeon who gets a high monthly income but at the same time builds up debt and spends more money than comes in.

A person can easily be rich, but close to broke. 

In the media, we talk about rich pop stars, but many of them go bankrupt when they stop having success and when their income drops. 

2. Wealthy People Have a Lot of Assets 

Being wealthy means building wealth that is a lot more than just cool cash. 

You’re not wealthy if you risk going bankrupt because of your lifestyle. 

Wealthy people possess assets that work for them. That may be stocks and shares, but it can also be rental properties or a business.

3. Wealthy People May Earn a Lot Less Than Rich People

Perhaps it will surprise you that Warren Buffett – who is one of the wealthiest men in the world – only receives an annual salary of 100,000 USD. 

This is actually just about what a skilled business journalist earns. 

Being wealthy doesn’t mean you’re swimming in cash every month. 

Wealthy is more about building, whereas rich is much more about the cash flow and the lifestyle. 

If a person can live off the return on their investments, that person is pretty wealthy.

4. Wealthy People Have More Freedom

A wealthy person has a great deal of freedom to choose the lifestyle they want.

A wealthy person is financially independent – or close to being so. Therefore, they are not forced to stay in a job where they are not thriving. They can live where they want and pretty much do what they want. 

A rich person – such as a supermodel, a brain surgeon, or a stockbroker on Wall Street – can easily be tied to a job.

5. Rich People Own a Lot of Status Symbols

When we think of the typical rich person, there are quite a few things that go along with that image and lifestyle.

Think a Porsche, mansions, a private jet, or a yacht.

To be considered rich, you need to look rich. It’s about living an expensive lifestyle.

That’s why rich people often own many things that pull money away from their finances.

Money may pour out of their pockets faster than it comes in… which is a sure path to insolvency down the road. 

6. Wealthy People Have More Stability

Wealthy people have peace of mind and can therefore sleep peacefully at night, even when going through a turbulent moment.


Because they don’t have to worry about the state of their finances. 

No one can threaten their lifestyle by firing them or cancelling a contract. They remain solid even if the immediate things around them change. 

A person with a high income but an expensive lifestyle leads a more unstable and unpredictable life. 

7. Wealthy People Have More Quality Time

Time is the scarcest resource that we have. We only have so much time no matter how much money we have. 

Rich people may be forced to stay in their day jobs, but wealthy people can choose whether to keep their jobs.

Therefore, there is a higher probability that wealthy people have more quality time in their lives. 

There is a greater likelihood that they’ll get more travel, experiences, and time with people they love.

If they have a job, it’s an active decision they made and probably something they choose because it brings them joy or a sense of fulfilment. 

Perhaps they’ve created their own job by establishing a business or a freelance practice. Maybe they’ve chosen to turn a hobby into a full-time job.

How Do You Become Wealthier?

If you want to be rich, you have to make more money. It requires a pay raise or a new job. It’s often dependent on someone else’s decision. 

The good news is, getting wealthy is actually more within your control than getting rich is. 

You really just have to do three things:

1. Cut back on your expenses and make sure you spend less money than you earn.

2. Put the savings in assets, such as equities.

3. Repeat every month.

You can learn more about investing in the best type of assets, namely stocks, in my free e-book here.

10 Steps to Setting Great New Year’s Resolutions

10 Steps to Setting Great New Year’s Resolutions

How did last year’s New Year’s resolution go.

Maybe you just forgot about it as the champagne bottles were packed away and life resumed.

What’s going to make this year any different?

How do you make your decision stick?

No worries, I’ve got you covered. 

Here are ten steps for successful goal-setting to make 2021 your breakthrough year. 

1. Make It Be Measurable and Specific

New Year’s resolutions are often vague. Real goals are specific and measurable.

It’s the difference between saying,

“I want to start running in 2021”

and saying,

“On September 26,, I’ll run the Berlin Marathon in less than 3.5 hours.”

Ask yourself, what specifically do you want to achieve this year?

By how much do you want your fortune to grow?

When talking about investing, it makes sense to set up long-term goals as your primary goals. Let’s say 5-10 years. It makes you less vulnerable to fluctuations in the market. So let’s begin there. 

How rich do you want to be in five years? In ten years?

Be really specific. 

2. Be Ambitious 

Big goals are a lot more compelling.

Cultivate your inner Napoleon. At least your inner Napoleon Hill, the mastermind behind Law of Attraction.

He says that ambitious goals are like strong fires, while small goals are weak fires.

There’s not a lot of energy in mediocre goals.

You have to be a bit audacious to become motivated.

Set a goal. Then double it. Or quadruple it.

How does it feel now?  

3. Have a Strategy 

If you’re training for a marathon, you’d better have a running schedule.

You can’t show up on September 26 and expect to be successful.

You’ll have to know how many days a week to run, when to train intervals, when to train stamina, and when to rest. You need to know what kind of food to eat before long runs. You’ll even have to plan what to wear when going on long runs. 

The same with investing.

You need a plan and a strategy.

How are you going to invest? Which strategy will you follow? Value investing? Passive investing? Day trading? Momentum investing? Copy trading? Pick a strategy. 

You’ll also need to plan how much money you’ll save for investing purposes.

4. Set up Subsidiary Goals

If you’re training for a marathon, it’s a good idea to measure your progress with other running events than the major one.

You’ll want to sign up for a half marathon and even shorter runs throughout the year to see how you fare in a competition and how fast you’ve become.

When you’re investing, you want to measure your progress at least every quarter.

Investing is a slow sport. Kind of like watching grass grow.

You don’t notice any difference from day to day.

But if you take a picture of a plant, you’ll notice a huge difference over time.

So take stock of stocks, so to speak. Track your progress by measuring your wealth. It’s enormously motivating. 

5. Commit Yourself  

You’ll only be successful if you promise yourself that you’ll stick to it whatever it takes.

You have to make that promise to yourself. 

Whenever I’ve accomplished something in life, it’s taken sheer determination and a promise to really do it.

If you’re not committed, like really committed, you won’t have success. It’s that simple.

6. Have a Purpose 

You have to know why you’re really doing it.

Let’s take running as an example again.

Hopefully, you don’t run just for the sake of running.

Hopefully, there’s a bigger purpose, which could be an intent to live a long and meaningful life without lifestyle diseases that could cripple you.

The same with investing.

Ask yourself why you invest. “To make more money” is not an answer. That’s like saying you run to become faster.

Ask yourself why you want to make more money.

When you get a new answer, ask yourself why again. Keep on doing that until you reach the last answer. In the end, you’ll reach your true purpose.

It might be avoiding stress. It might be having more choices in life. It might be securing a future for your children.

The purpose is different for each of us.

For me, it’s a combination of things. It’s about creating generational wealth so my children and grandchildren (to come) can make the best choices without being restricted. It’s also about securing my own freedom and finally it’s also about wanting to influence the world through my investments.

7. Visualize Your Success 

If running that marathon is your goal for 2021, visualize yourself crossing that finish line.

Hear the cheering, feel the sweat and adrenaline. Notice how you feel. How is it going to change your life? Affect your relationships? Your mood? 

If investing is your goal, see yourself reaching your target. Notice how it feels. Who are you going to be when you get there? Reaching goals changes our inner script. It changes who we are psychologically. 

Visualize it until you actually live it. Taste it. Believe in it. 

8. Face the Monster

Avoidance is also a choice.

If you don’t run, you are voting for lifestyle diseases.

If you don’t invest, you are voting for poverty.

Create a worst-case scenario. What’ll happen if you don’t take action? Visualize that too, and decide that it’s not who you are anymore.

I visualize my own diseased mother who spent her last decades on government subsidies, locked in an apartment, suffering from a bad hip and rheumatism. Being unable to afford a taxi, a meal at a restaurant or any extra help. Being very dependent on her children for support.

I’ll never put my boys in that situation.

That’s not who I am.

Therefore, I invest and take care of my finances.  

9. Get Educated       

If you want to run a marathon, you’ll probably read some blogs and books about the best nutrition, the best running schedule, the best running equipment. 

You’ll want to avoid making beginner mistakes that may result in you getting injured and failing to reach your goal of running the marathon. 

The same with investing.

You need information so that you can be the best investor possible and avoid making silly mistakes that could cause you to lose your money.

Ever considered taking an investing course?

Maybe now is the time. It’s money well spent. 

10. Get Some Running Mates  

Running is more fun if you join a club and find people to run with.

The same goes for investing.

You’ll stick to it if it becomes a social event and if you meet people who will hold you to your new standards.

This is another reason for taking an investing course. This is where you’ll meet your peers.


Where does your journey begin today?

Right here with me.

You begin by reading my e-book.

Then you join my Facebook Group

Don’t forget to read my e-book Free Yourself. You can get it here.