Boom #1: You were too young to even see it. Even if you see it, you will shrug it off and say “these people are lucky…, I won’t have that luck and money”.

Boom #2: That was 10-12 years after boom #1, you had some money. You bought your first house. But the timing was not that good. You bought right before the collapse. Then you got side-tracked by all the “end of world” talk about real estate. You felt very good at mocking these dummy investors: “How dummy are they! still buying when nobody is buying…”. You took pleasure by cursing them.

Boom #3: That was 10-12 years after boom #2. Now you are old enough, finally understood those folks you mocked 10 years ago because you were seeing them sending their kids to Ivy League and didn’t blink a eye when the tuition bill came due. You finally learned to be humble enough to take actions.

Most people can see 3 booms in their productive life. For myself, I already woke up in Boom #2 and took actions. Due to my experience in Boom #2, it prepares me to take further action for Boom #3, whenever it comes. In fact, I will have completed all my actions before Boom #3 arrives.

As for Boom #1, I missed it. I was too young and studying in College. I remember I also mocked others who knew, shame on me.