Doug Casey on how to get rich

POSTED ON January 03, 2014 BY Tommy Humphreys
CATEGORY Interviews, Wealth Creation,

Doug Casey lighting up in 2000. Photo: Joe Martin, Cambridge House

Tekoa from Bull Market Thinking has published an interview with the always fascinating anarchist libertarian author, speculator and founder of Casey Research, Doug Casey.

Here are Doug's comments on getting rich, and what he's up to nowadays.

"First thing I’d say is that there’s not a fixed amount of wealth in the world. It grows constantly and it’s a product of human actions. So it’s not a question of there being a fixed amount of whatever is there."

"The most important thing is to always keep in mind, if you want to become wealthy, what good or service can I provide to other people that they’re going to pay me for?"

"Most of your spare time if you want to be wealthy should be devoted to educating yourself, how to make something, becoming an expert in some area, cultivating some ability that’s of value and you have to be diligent and you have to work hard in order to do that. So it’s really not rocket science. It’s a question of developing good habits and doing those things."

"But the insurance game is a dead duck at least in the United States today and stock brokers are on their way out for lots of reasons as well. So I don’t know. If you want to make some money, what do you do? You follow your nose."

"The key is knowledge and skills. You’ve got to develop knowledge and skills to make yourself unique."

"I prefer the company, everything else being equal, of other libertarians. I like people that have done enough thinking about the world at large that they don’t believe in initiating force or violence against other people and that’s a good place to start."

"I have a new book out called Right on the Money, that I think people might enjoy reading and my [newly published] book the last time we talked was called Totally Incorrect. If people would like to hear a lot more about lots of different subjects, both of those books are good. After that, I would say in six months I will have the first of my series of novels out. Other than that, just trying to do things that I enjoy; go to the gym, pump iron, [and] ride my horses."

MP3: http://bullmarketthinking.com/wp-content/uploads/2013/12/12302013casey.mp3

Transcript: http://bullmarketthinking.com/full-transcript-doug-casey-we%E2%80%99re-really-close-to-the-edge-of-the-precipice/

Tommy Humphreys

Tommy Humphreys, 30, is an entrepreneur, investor and writer from Vancouver, Canada. He founded CEO.CA, a popular junior mining and Canadian finance blog, in 2012. He has been the president of Pacific Website Company Inc., a private marketing and web development company, since 2007. Tommy has authored articles for Globe and Mail, Financial Post and others. He speaks at select conferences. Reach him by email: tommy@ceo.ca. Follow him on Twitter: @TommyHump More →

Twitter: @tommyhump

tommyhump@gmail.com

Tommy Humphreys

Twitter: @tommyhump

tommyhump@gmail.com

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