A speaker argues that most investors are gambling by buying hope rather than following a real strategy. With interest rates high and many people scared to invest, the next decade is crucial for building wealth through deliberate systems and planning, not luck.
The strategy that most investors apply is what's called buying hope. They go and buy a property or buy some shares and they hope like hell it goes up. And to me, that's not a strategy, that's not investing, that's gambling. And investors don't gamble. There's a lot of people sitting on the sidelines at this point in time, sitting in a space of fear because of the rise in interest rates and the cost of money and the rise in inflation and the talk of recession. And so this next 10 years in the real estate marketplace, I think it's critical for investors Absolutely critical to be building your portfolio because wealth creation isn't about luck. Those who build wealth and create success in any arena of life, I don't believe that they get there by luck. There are some elements of luck that might be involved, but for most, they've just got a different system.
