Its a quote by Mark Cuban, entrepreneur and investor.
In the 1990s, Cuban founded and sold several start-ups that helped him reach billionaire status. And in 2000, he paid $285 million for a majority stake in the Dallas Mavericks. (Under his ownership, the team won an NBA championship in 2011 and is now valued at an estimated $2.3 billion, according to Forbes.)
But, according to Cuban, “the best investment I ever made was investing in myself, first and foremost,” he told Men’s Health in an interview published Sept. 1
Investing in yourself. Why do so many investors delegate to wealth managers and private banks, when they can take more control themselves? The wealth management industry moguls will disagree; obviously, as that would kill their revenue model. But the industry has problems and investors by and large are paying the price. The solution is to do more for yourself. Yes, that means you still need help, but its help to support your decisions not taking away the decisions from you.
Cuban went on to say… “The fact that I recognized that learning was truly a skill and that by continuing to learn, to this day, I’m able to compete and keep up and get ahead of most people,” Cuban told Men’s Health.
“The reality is, most people don’t put in the time to keep up and learn. That’s always given me a competitive advantage.”
The way you become successful at investing is not delegating decisions to others, but taking back control yoursel. At the Wealth Coach, we support that idea and you.