Juergen Pallien is a Master of Automation! His ability to automate success in Business and Investing creates financial liberation to pursue the most exciting and important things in life! Juergen has used automation as the key strategy for success in his career as a serial entrepreneur, international speaker, property mogul, stock market investor and now, as a philanthropist. Described as a Financial Liberation Genius with a Comedian’s sense of humor. In this interview, he shares some tips on the act he masters most, gaing financial freedom
“How to become a millionaire” was the theme of one of your talks, many young people have this dream but have no idea how to go about it, are there any secrets you will like to share?
Yes definitely. Unfortunately our children and youth don’t learn the principles on how to make and maintain money in school or university. Not even when you study business or finance. I started to teach 13 year olds in the principles of investing and earning money in the stockmarket and their phenomenal success is proof that everyone can do it, once they apply some universal principals. There is a 3 step process on how to become financially free:
- make sure you earn more than you spend every month (either earn more or spend less when you are not in that position yet)
- invest the surplus you have monthly in investments that make you money. That can be either your own (part time) business, properties, stocks or other financial investments. Make sure that you get more money out than you put in
now every month more money is coming in, reinvest your surplus again and again
to use compounding (interest earned on your interest) to get more and more
money every month until your earnings from your investments are higher than
Another secret is, that you want to use leverage in your investments. There are two forms of leverage that I like to use.
- OPM which means other peoples money, that could be a mortgage for a property for example
- OPT which I use for other peoples time. If you are able to hire someone to do a job or a specific tasks that earns you money, you end up having free time and an additional income
However be adviced that you only can use leverage on businesses and investments that generate money for you. If you have a strategy that doesn’t work, leverage only makes you lose money faster. That is true for properties, where you pay more on mortgage than you get in rental income, as well as in business if the productivity of your employees is lower than their total cost.
- I see you are pretty much
involved in trading, what advice will you give someone who wants to engage in
stock trading for the first time?
The #1 advice is: get educated and learn what to do! FROM A TRUSTED SOURCE – QUESTION THEIR SUCCESS, LOOK FOR PROVEN RESULTS BEFORE YOU GET EDUCATED BY THEM. That is true for every investment. I never undersstood why people go to school several years to learn their profession but when it comes to investing, they jump into everything uneducated. There are 100,000s of foreclosures, company and personal bankruptcies every year, that could be avoided when people would know more about their numbers and how to invest and manage investments properly.
- As a stock investor that you are, what qualities
There is no specific quality or talent that you need to become a stockmarket investor. If 13 year olds can do it, why can’t you ? There are so many false assumptions about stock market investments out there, that people are not considering it at all and lose out on the amazing opportunities that can be found there. With the right knowledge and strategies investing can be very easy as the many, many testimonials from people I educated all over the world prove it.
- Today a majority of persons chose to invest in fintech, heallth tech etc and few think of investing in stocks, what are your motivations
One reason is that these markets provide you with free data for research that are going back for many decades. The basis for every price is the function of supply and demand and some of these underlying strategies work as long as we have historic data. With Startup companies in the Fintech or healthtech sector we don’t have this data. I compare that with the search engine market in the 90’s. There were companies like Altavista, Ask Jeeves, Lycos, Yahoo and as we know now for some years, in the end Google won it over nearly completely. As you could have made a lot of money by being an early investor in Google, you would have lost your investment several times completely, or to a very high extent, by investing in the companies that failed. However, trading and investing in Google when it was already clear that they are dominating the market, would have made you very rich as well. So why go into that risk with fintechs when you can be at the sideline and wait until one company prooves it’s superiority in the market ? Meanwhile you can earn a fortune already with established business models.
- Apart from investing in stocks is there any other type of investment that interest you?
I definitely love being a business owner. However you need to make sure that you OWN a business and not work IN that business. Otherwise you created yourself a job but are still exchanging your time for money. Apart from that I love to diversify in properties and being a land owner. However as the stock market strategies are so lucrative, it is hard to find a property deal that keeps up at least half way with these investments. What we know for sure is
that the population worldwide is growing and that the available land stays the same. Therefore the price for that land and shelter as well as for food and water will go up in a long term trend. For the short term I definitely look into more liquid investments as the mentioned stocks.
- I noticed you were in Ghana sometime THIS year, what was your appraisal of the investment climate in Africa in general and Ghana in particular?
Yes I spent two weeks in Ghana a few months ago and was in South Africa several times as well. The people I met there were very entrepreneurial and had a lot of great ideas. Especially Ghana has very young and good educated people who really want to change something for the better and are open for new ideas. It was very inspirational talking to 1,000s of young people in universities and national conventions in Accra. The biggest challenge that I see is, that there is a gap between the education they have and the education that is needed to successfully build and maintain businesses. Another issue is the access to capital and investors, especially outside of the mining and farming sector. And last but not least – I miss the focus that it takes to follow up and follow through with an idea. Rather than making something a success, the youth seems to jump from one idea to the next and therefore in the end are not successful on a big scale with any idea.
From the investment side it appears that inflation is a big issue in many african countries, and of course the access to outside investors and markets. Even the banking sector doesn’t to fully provide what it needs to do in Ghana. As far as I heard it also seems that some people go the easy way and don’t repay what they owe the banks or investors. That hurts the trust in the market and therefore some selfish people damage the potential success of the whole nation.
7) What has been your greatest challenge through your career?
That for sure was being bankrupt twice in life. I come from a very poor background and area in Germany. When I was going to university I couldn’t afford to finish my studies and at one point I was so broke, that I neither had any light in my appartment nor could afford the rent and already was two months behind my bills. In Germany you get thrown out if you miss 3 payments in a row, so I literally used the last candle I had to shave myself in a complete dark bathroom in my tiny appartment to go to a job interview for an apprenticeship. I was lucky to get that appreticeship and could start to pay off some bills to have electricity again and stay in my appartment that time. After that I founded my first company, grew it big and got an executive degree of the university in St. Gallen in Switzerland. I still have my old bathroom furniture that has a round mark on the top of where the candle I used burned the surface of it. I keep it as a reminder for both, the time when I was absolutely broke as well as what is possible to achieve if you are willing to do whatever it takes to become successful.
Juergen is on a mission to help 1 Million people achieve their own financial liberation! Educated by some of Europe’s most renowned universities in Management, Information Technology, Sales, Influence and Leadership, Juergen is fanatical about personal and professional growth and coaching. He believes that which is not growing, is dying! Juergen is BEST known for using automation to create efficiencies in Sales, Business Growth and customer focused problem solving that led him to build and sell several companies and retire by the age of 35. Fascinated by the stock market since he first traded in 1998, Juergen studied the investment strategies of Warren Buffett, Robert Kiyosaki and George Soros.
Building on their knowledge, he has now invented several proven strategies to easily and predictably earn money without the need to sit in front of a computer all day. Juergen is committed to sharing his stock market success formulas to help One Million people put their financial success on auto-pilot and live their passion! When he is not helping others, Juergen likes to do sports, play chess, listen to music and read lots of books.