How to earn a million in a hurry? Start with a billion

Just a handful of strategies are spoken and written about in the quest for wealth creation. These are oft-repeated slogans of buying low, holding on, having patience and letting compounding work for you. Yet, in our world of short attention spans, many more ways exist to destroy wealth. These tools of wealth destruction pack abundant excitement. Let's explore some of these ways that promise to diminish your capital. Derivatives: It is awfully boring to buy long, and that too till perpetuity. What if you want to buy but have no money? Do not worry. Listen to a couple of market gurus who know exactly what will rise and by how much. Take leverage at the click of a button from your broking app. Buy derivatives and take a position multiple times your net worth, and then wait for that lucky minute when you make money. However, if it does not work in your favour, you are one step closer to bankruptcy. Just imagine the adrenalin rush you would have to see the ticker move. No other thriller can keep you on the edge of your

This article was originally published on December 13, 2023.