I'm Not Really Rich - Timothy Sykes

I’m Not Really Rich

That’s what one wannabe trading challenge student, David C., said to me the other day after he got done watching this video:

And because he had read this blog post talking about how I grew my liquid net worth from low six to low seven figures and then he sent me this video saying that if I was really rich I’d have one of these:

After all, I only have one Lamborghini, not 4.

Well David C., I agree with you that I’m not “really” rich, but I am rich…you’d be amazed at what a few million dollars will buy you in the real world.

Hell, I don’t even spend a very large fraction of my earnings and I still enjoy pretty much the best the world has to offer aside from having my own jet or multiple homes…or yet, multiple Lamborghinis.

But I’m writing this post to help you guys understand that you don’t NEED much more than a few million dollars and in fact it’s probly better that you don’t try to shoot for the moon for if you succeed, life’s not better but actually worse.

Allow me to explain

People are obsessed with earning big numbers like $20 million, $50 million, sometimes even $1 billion before they allow themselves to be satisfied and I’ll tell you, the people I know who have achieved such ridiculous numbers are no more happy than those of us lowly multi-millionaires.

We’re all in the same 99.999% income bracket.

We all have financial security for the rest of our lives, and if spent wisely, our children’s lives too.

We all get to basically travel wherever and however we choose whenever we choose to.

We can all afford some very cool toys and are above the common money concerns of the masses.

But those of us who have done what it takes to make the truly eye-popping money — screw seven figures, we’re talking, eight, nine and ten figures — well, they’re pretty weird people.

Picture what Frodo is like after his whole experience with the ring, that’s my take on the uber-rich people I’ve met.

And it’s no wonder — thanks to all their excessive wealth, they have people constantly after them trying to get them to donate and give and the fe who have confided in me say they wished they could go back to simpler times when they knew who they could trust.

Now I’m pretty ambitious so I’m not gonna stop with just my few million, but I’ve been dealing with my money abilities for over a decade and I’m made for this game.

Most of you aren’t and what you need to aim for is just to make a few million dollars because that will be enough to change your life and the lives of your loved ones and that’s it.

Take my advice or ignore it, but those of you who also know the richest people in the world know there is VERY little difference between the lifestyle quality of them and most multi-millionaires and al the extra cash comes with a BOATLOAD of extra worries and problems.

I think my point is best summed up by my top trading challenge student Eric Wood who has made over $600,000 with my strategy in just over 2 years:

He’s thanked me profusely for the money that has changed his life and allowed him to not get a normal job and instead play golf and drink with his buddies every week.

He lives a good life and is very thankful for it.

That’s pretty much all you could ask for…he would have no need for $60 million…sure, sure, he might get some better golf clubs and play some better courses, but the work required to make $60 mil wouldn’t make it worthwhile.

He’ll be up over a million in profits soon enough and that’s good for him…and probly good for you too.

So all of you who want to be millionaires — good, go get your dream!

All of you who want to be multi-millionaires — okay, it’s good to be ambitious, just don’t overshoot.

If you want to be a billionaire, just stop right now…you don’t need it…trust me.

Posted in Adapting

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7 comments

Timothy Sykes

Hey Everyone,

As many of you already know I grew up in a middle class family and didn't have many luxuries. But through trading I was able to change my circumstances --not just for me -- but for my parents as well. I now want to help you and thousands of other people from all around the world achieve similar results!

Which is why I've launched my millionaire challenge. Iā€™m extremely determined to create a millionaire trader out of one my students and hopefully it will be you.

So when you get a chance make sure you check it out.

PS: Don't forget to check out my free Penny Stock Guide, it will teach you everything you need to know about trading. :)

  1. John

    I’m sorry, do you own a Lamborghini? I must have missed that… in every post since you’ve gotten one… šŸ˜›

    Jesus preached humility. But he was a broke idealist… and potentially fictional.

  2. Steve Parker

    Dude has a Gallardo drop top paid in cash. He’s also got a stable of 3 models he can bone anytime he wants. His chef and maid also hotties ready to handle any request he wants. He’s def living the life. I’m putting him a 400K a month in profit before Mr. IRS. A cool $5 million a year! He’s living like any billionaire would. As he said, you don’t need to make $100 million a year to live like a king.

  3. Brian Weise

    I think YOU’RE RICH Tim : )

    Notorious B.I.G. said it best “Mo Money Mo Problems”.

    Who needs that much money to be happy??…just enough to buy your own freedom and control your time…that’s my opinion at least. Toss in an orange Lamborghini and a Marquis Jet Card…double thumbs up.

  4. aBaxs

    Tim deserve it, he fight hard for it. “Here’s To The Crazy Ones. The misfits. The rebels. The trouble-makers. The round pegs in the square holes. The ones who see things differently. They’re not fond of rules, and they have no respect for the status-quo. You can quote them, disagree with them, glorify, or vilify them. About the only thing you can’t do is ignore them. Because they change things. They push the human race forward. And while some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world – are the ones who DO !” Apple Ad

  5. Action Jackson

    Psh, Tim you said you earn nearly $500k a month from subscriptions + dvds. You said it on your youtube video while bashing a troll. I’d say you’re pretty wealthy šŸ™‚ I’m shooting for the stars, rather be a multi-millionaire than a millionaire!!!

  6. Chris Klapheke

    That was probably your best-written article to date. Humility from a wealthy position.

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