Making money is really easy. Like the saying goes:
The easiest way to become a millionaire is to start with two million and buy an airline company.
The truth is that money tends go where there is money already. Making your first million is undoubtedly more difficult than making your second one.
But it isn’t just money that money is after.
Let’s assume that we have two equally skilled businessmen who would like you to invest your money in their new venture:
- The first one is broke.
- The second one is not only broke but he has a million in debt.
Which investment offer is more credible?
I will argue that a history of huge losses is more credible than a history of small profits.
The numbers don’t lie. People do.