Building wealth is as much about what you DON’T DO as what you do.

Probably more.

What do I mean?

People feel like they need to buy the hot stock, invest in the hot real estate deal, pick the next big thing to make their money.

Here’s a hot tip: that doesn’t work for the majority of us.

We either:

1) don’t pick the hot investment (which is fine, most pros can’t do that!)

2) can’t manage the costs (financial, emotional, mental) with the hot investment

3) can’t cash out when it makes sense for us

Usually, the best way for the most of us to build our wealth is this:

Don’t spend more than you make.

Don’t chase the hot investment (make a good, long-term plan and stick to it).

Don’t overthink it.

I have so many friends spending unfathomable amounts of money trying to find that next big thing.

It works, sometimes.

But that’s not feasible for everyone, and they’re exposing themselves to a LOT of risks if things go south.

Even if you make money, it may not be worth the other costs — time, emotion and sanity.

Also, most people don’t know how to properly account for costs in an investment (which is also OK! there are better skills to learn out there)

Anyways, you may like the thrill of finding the next big thing.

But that’s not the only way to build wealth.

One more thing.

We always glorify the wealthy people who find the next big thing.

We rarely applaud for wealthy people who get rich slowly.

Why? It's not a sexy headline.