Successful investors take total responsibility for their money and actively manage it. The get-rich-quick trap fails because it promises wealth without the work, discipline, and responsibility that actually builds it. Passive income is an illusion if you're not actively involved.
Chapters
Well, I want the money without the work. I want the financial success without the financial discipline that goes with it. I want the returns without more responsibility. And when you find yourself asking those questions, well, you're starting to play in the whole get-rich-quick scenario. A get-rich-quick mentality is the very thing which is going to sacrifice your long-term results. The number one quality that I've noticed about all the successful investors is total and unequivocal responsibility, not only for getting to where they are right now, but importantly for what they're going to do next, and an overwhelming responsibility that they are the ones that are in control of their finances, and they are the ones that are managing their portfolio. To them, passive income doesn't exist, and it can be a very dangerous game if that's the very thing you're chasing.