I am now under the impression that people don’t get ahead sometimes because of a lack of trust, a solid foundation and sometimes just simple ignorance. I mean, you don’t know what you don’t know. One of my faviorte books in this world is Think and Grow Rich by Napoleon Hill, needless to explain the title as it speaks for itself. But the book illustrates that if we think, we can accomplish a whole lot more. He states in the book that:
“Whatever the mind can conceive and believe, it can achieve.”
That single line captures the entire spirit of the book: your thoughts, beliefs, and persistence shape the direction of your life. Another powerful passage many people remember is:
“Strength and growth come only through continuous effort and struggle.”
Hill constantly emphasizes that setbacks are not proof of failure — they are part of the process of becoming stronger, wiser, and more disciplined. A simple summary of the book’s empowering message would be:
- Your mindset matters more than your circumstances
- Clear goals create direction
- Fear destroys more dreams than failure ever will
- Persistence separates winners from quitters
- Faith in yourself changes what you attempt and endure
The book is really about transforming desire into disciplined action. It teaches that success is not accidental — it is built through focused thought, belief, planning, and persistence over time.
In the spirit of the book, there two ways I think can help with accelerating wealth and perhaps success in general.
Group real estate buying
The book is really about transforming desire into disciplined action. It teaches that success is not accidental — it is built through focused thought, belief, planning, and persistence over time.
One way to accelerate success financially is through real estate. And I don’t mean buying a house and living in it. That is a liability. It becomes an asset if you rent it out or listing it on AirBnB and other short term stay websites. However, that’s a topic for another day. I want to focus on Group Real Estate investing.
Added: What I mean three friends, or family members can come together and buy a house. Then all three of them pay the mortgage together which will lead to extra payments and thus paying off the house a lot faster. Let’s say three friends are each making $60,000 per year. If we look at what the cost would be for one of them to buy the house alone with a 15 year mortgage, it would look like this:
But if they decide to work together and buy real estate, the picture looks completely different.
Added: Friend one salary is: $60,000
Added: Friend two salary is: $60,000
Added: Friend three salary is: $60,000
Combined, puts the three friends at $180,000 per annum. That means they have tripled their buying power. What exactly does that mean for their buying power?
❝ It means, the house could be paid off in 5 years instead of 15 years.❞. With that 15 years timeline, all the three friends could own a home in 15 years instead of them doing it on their own for 15 to 30 years. Of course such a plan takes an enormous amount of trust in one another. That’s why it’s important to employ this plan with people you trust. And the assumption here is that the houses cost about the same.
However, if you have even an inch of doubt with either of the friend or family in your plan, you can all open an LLC in all your names, buy the properties using that LLC then at the end of the term when all of you have bought three homes and perhaps want to live in them separately then the LLC can sell the house to each member, then dissolve it after that.
Covered calls
This strategy requires owning stocks that are option-able. You would also need to own at least 100 shares of the stock, the more you own the better. I have used it in the past with great success. This is how it works:
Say you own 500 shares of GE (General electric) ticker; GE. How do you make owning these shares earn you more money? I am not talking about the 0.47 cents quarterly dividend that GE pays as of writing this. Doing weekly or monthly covered calls adds to this amount.
You take your 500 shares and you promise to sell them at say $325 per share if the stock is at that price on the date (usually a week for weekly option or a month etc for monthly option) of expiration then you would be required to sell them and also keep the premium made.
GE currently trades at $320-23. For making the promise to sell it at $325, with 500 shares, that would be 5 contracts because each contract has 100 shares. So selling 5 contracts (500 shares) for a typical 30-to-45-day out-of-the-money call can generate an upfront premium ranging from ($400) – ($1,500) total, depending on the strike chosen.
That is an extra $400 + you could be making monthly for just owning option-able stocks. This can be done with certain index funds as well.
Have you tried covered alls before? How did it go?
In God’s name, the most Gracious, the most Merciful!
Praise be to God.
Tate
