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Does anybody know who this man is? Well, he was the richest man in the 1980s and even as recently as 1990.His name is Tsutsumi Yoshiaki. Now he is down to his last $1billion according to many reports.Once he dies, inheritance tax will ensure his kids get much less than $1billion in all likelihood.The point is, these things don’t last. Performance comes and goes. He was in a very profitable business (real estate).That didn’t last with the various crashes. Likewise, Bezos’ model may not work forever.Just look at historical records. Many people were richer than Bezos historically, in inflation adjusted terms.People like Carnegie, Ford and Rockefeller. Fortunes are lost over time.So yes, I am sure there will be somebody richer than Bezos, sooner or later.For the rest of us, merely being wealthy enough where we don’t need to have so many money worries and can live with more freedom, is enough!For more information contact me - Personal Investment Services - Adam FayedSome readingJeff Bezos no longer the world's richest manWhere are the 120,000+ billionaires?How to become rich by investing

Have you ever been in McDonalds and seen some old person flipping burgers:Or if you are from the UK, I guess we have all seen those old workers at B&Q:Some love their job. Some hate it. But in general, what is life like for 55–85 year olds who never planned for the future?In the main, it isn’t good. Marketeers and society love to tell people `live every day like it is your last`, but it is bad advice.We are all, statistically, going to live longer. And besides, there is something marketeers don’t tell 21 year olds: without money and wealth your life gets harder as you get older.Women love 21-year-old `bad boys`. They aren't so thrilled by the 35-year-old who has nothing and is still living like a student.Employers understand why a 25-year-old might be `lost`. They aren’t so understanding about a 45-year-old who keeps quitting jobs, complains that they don’t have enough money to relocate for the job.In other words, social and other opportunities dry up as you get older, especially if you don’t have income, and aren’t building on what you previously created.It gets harder to create your own (fresh) opportunities at 30 than 20. Even harder at 40.And besides, more and more people these days know the facts. In particular, more people realize that:Retirement can be at 40 or 70You can retire and travel the world. Retirement doesn’t need to be `typical`.You don’t need all that stuff. It doesn’t make you happy anyway. Going out twice a month as opposed to every day won’t `destroy` your life. Being frugal and minimalist actually can make you happier as life is more simple.The more wealth you have, the more choices you can make. You can say no to people. You have `fyou` money. You can walk out at work if the boss changes and is obnoxious. The person with no wealth due to spending can never do that, no matter how much they earn.So the key is having choice. Without choice, you have less freedom.And let’s face it, a better question would be, why do so many people waste their entire life, trying to impress people they don’t even like:Most of the people I know that overspend aren’t happy. They are just engaging in peer-pressure.I spoke to one associate of mine a few weeks ago, and he admitted that his partner is quote, “a gold digger”, and a lot of his activities on Instagram are to show off to people he doesn’t like.And yet he continues to do it, out of habit.For more information contact me - Personal Investment Services - Adam FayedSome readingJeff Bezos no longer the world's richest manWhy the wealthy spend less on luxury: the 70/30 rule in financeHow to become rich by investing

I am going to tell you about one of my closest friends. I am not going to mention his full, or even first name, as he does follow me on Quora and know he reads many of my answers.But I know he doesn’t mind me telling this story, provided I don’t mention his name.He was one of the few people in my network to successfully predict 2008–2009.However, even during March 2009, the lows for markets at 7.300, he wanted to wait until `further falls`.Then markets hit 10,000 in 2010. He thought it was a dead cat bounce.By 2013 or so, he was even more worried. Markets were at 14,000. Record highs! Higher than during 2007–2008.Surely this was a bubble! Then 16,000, then 18,000. But now Trump was running for election.Then Trump won!Surely, now markets would fall incredibly? Then markets hit new highs.When markets fell 20% or so in December, he finally bought in, but suddenly the reality dawned on him.He got in at 21,000–22,000, a discount of 20%+ compared to where prices were a few months previously, and yes he has made 20%+ in the space of 6 months or so.Yet he realized something. `I should just have invested from day 1`. He missed out on all those gains, and dividends.People forget that point as well. Even stagnant markets give dividends.The FTSE 100 is a great example of that. It has been much more stagnant than most markets.Yet it has a high dividend yield. So this is what reinvesting dividends does:So when you are out of the market, you miss out on dividends being reinvested, alongside chances to rebalance from bonds when markets fall.He has finally realized that now. So always invest, for decades. Never be out of the market.Never be pained by financial indecision because of the media and doomongers. Speak to people who have seen it all before.But some people never learn their lesson and we are seeing that with the current coronavirus situation in an election year as well.For more information contact me Personal Investment Services - Adam FayedSome readingHow to become rich by investingWhere are the 120,000+ billionaires?Adam Fayed Podcast