“You can get past the dead end. You can break through the ceiling. I did and so have countless others.”

Finance Tip Friday #45: Possibilities vs. Probabilities

Gambling table in luxury casino

As you go through the journey of being a nurse practitioner entrepreneur who is seeking to achieve financial independence, you need to be thinking of investment opportunities as either possibilities or probabilities.

Possibilities are things that “could” make you wealthy. Essentially, they are a gamble. Think of this like going to a casino and putting down everything in hopes of a 21 playing blackjack… Possibilities in the investment world are SPECULATIONS. They can POSSIBLY give you a good return on your money, but it is totally up to chance.

Probabilities on the other hands are things that “should” make you wealthy. These are proven methods for generating wealth. These are investment vehicles like index funds, real estate, bonds, gold, and your BUSINESS. They are likely going to make you wealthy if you are reasonable in your approach as we discuss here quite often.

Too many people focus on possibilities… They want the “get rich quick” stuff. More often than not, it backfires, and they lose their ENTIRE investment. The cryptocurrency craze over the past 2 years is a prime example. So many people got absolutely destroyed buying into the hype because they thought it was going to make them rich. Same thing with a multitude of investment and business ideas… Usually, if it is too good to be true, then it isn’t true. Remember that as you invest and generate wealth throughout your life.

You need to focus on PROBABILITIES when investing. Starting your own practice is PROBABLY going to increase your wealth. Investing in solid index funds will PROBABLY increase your wealth. Buying cash flowing real estate and letting it appreciate over time will PROBABLY increase your wealth.

Building true wealth takes time, patience, and due diligence. Sure, some people get lucky and strike it rich on a gamble, but they are the OUTLIERS. Instead, focus on tried-and-true methods for wealth generation. Focus on the probabilities as it will enhance and strengthen your wealth. Do NOT focus on the possibilities because more times than not: you lose.

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