David Adefeso Shares Ten Ways To Double Your Money Fast - Check Out His Precious Advice

David Adefeso Shares Ten Ways To Double Your Money Fast - Check Out His Precious Advice
Credit: BET

David Adefeso is back with some financial advice. Check out the post that he shared on his social media account.

'10 Ways To Double Your Money Fast For most people, regularly contributing small sums of money into a long-term, well-diversified portfolio, is the best way to accumulate wealth -- particularly if the portfolio is buried inside of a tax-efficient 401(k) plan. But where is the fun in that!' David began his post.

He continued: 'For those brave soldiers, those daytime warriors and warrioresses who, after covering all of her monthly expenses and regularly socking away a healthy chunk of pay into her 401(k) plan and savings a/c, still have a healthy chunk of free cash flow to “play” with; well, you’re in luck!'

'Today, I will show you 10 ways to double your money fast. I haven’t done a head count yet, but I would speculate that virtually every major hedge fund billionaire has built his wealth (sorry ladies, they’re unfortunately still mostly all men) by successfully executing one or more of these strategies. I would also speculate that they’ve minted thousands of Wall Street trading millionaires over the decades,' David said.

He also posted this: 'If you take the time and effort to learn at least one or more of these strategies better than almost anyone else, you put yourself in danger of becoming rich. I know it seems too obvious, but there’s no catch. You just have to follow these steps:'

Check out what he advises fans to do:

'-The money you use must be free cash flow, i.e. the leftover after paying your expenses and investing in your 401(k) and/or savings a/c. DO NOT use your children’s college fund to invest in any of these strategies!
-You must learn at least one of these strategies so well that you become one of the best at executing it. This may require countless hours of study, practice, and working your way through with other like-minded traders.
-You must be able to tolerate high levels of risk. If that red arrow pointing down on your brokerage account statement spoils your entire day, this is not for you. High risk, high reward!
-Stop doubting yours! This is by far the most important. Millionaires and billionaires are regular people who are no smarter than you. What distinguishes them from you is their large appetite for taking big risks and their excruciatingly hungry desire to achieve success -- which means they’ll do what it takes. Are you ready to do what it takes?'

Someone said: 'I trade stock options using LEAPS contracts and have made a killing on the side over the years. And still have a full time job. Nice one bro.'

A commenter posted this message: 'Thanks for the words of advice and encouragement. I really needed this today.'

One other follower said: 'Nice one. We waiting for you to join Wolfpack David @saitamainuofficial !'

Read more about

Advertisement

You may also like