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2. Lesson: Never Lose Money

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2. Lesson: Never Lose Money


This article was posted on Sunday, 15:30, UTC.

One of the most critical factors for gaining wealth and reach financial freedom is to never lose money. It is far easier to lose money than to gain money. Whether you are an investor, a 9-5 employee, an entrepreneur or freelancer, you have either lost money on investments or spent money on useless products. You have to protect your money far better than you are currently doing. You might think that you are already protecting it, but my guess is that you can do an even better job. As Warren Buffet says: “Rule No. 1: Never Lose Money. Rule No. 2:…

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Jonas Borchgrevink

Jonas Borchgrevink

Founder of Hacked.com and CryptoCoinsNews

This month, activist investor Bill Ackman lost around $4 billion on…