Imagine you and three friends want to take vacation together. You discuss different places you could go, you suggest a camping trip up in the mountains, another person suggest a four day trip to Carribean at a beach resort. Needless to say the camping trip is a far cheaper option, you already have most the … Continue reading Paying Your Fair Share
Wealthy people own assets that growing in value without any additional work. Wealthy people have skills that generate high rates of income, poor people have skills that generate low incomes. Wealthy can afford to take risks that pay off long term, poor people much focus on immediate returns. Wealthy people know wealthy people, poor people … Continue reading What reasons make the rich richer and the poor poorer?
Some people have valuable skills and knowledge that because increasingly profitable. Others have skills (or lack there off) that become commoditized and less valuable. To become wealthy, whether you are a person or organization, you need something valuable that can grow. This can be a skill, system, brand, patent, real estate, or anything that can … Continue reading What makes the rich richer and the poor poorer?
A lot. Believe it or not, most people hold on to their money tightly. To become a millionaire, you need to provide millions of dollars of value to a lot of people. This takes time. Regardless of what field you are in, how smart you are or how hard you work, convincing people to give … Continue reading How much dedication does it take to become a millionaire?
Most people in the US have little or no money saved when they turn 40. Most people in their thirties today are still paying off student loans, have giant mortgages and a lifestyle they can’t afford. Becoming wealthy isn’t about how much money you have today though, it is about your ability to make money. … Continue reading You can become a success after 40.
Long term, not a lot changes. In the short term you quit worrying about a lot of things. Believe it or not money can solve or at least improve most of your problems. It doesn’t make your life perfect, bad things will still happen, problems will arise, you will struggle. Day to day concerns start … Continue reading How life changes after you start making a lot of money.
Build experience. When you are young, you aren’t in a race to make more money, you are in a race to build more experience. Choose which job you take based on the experience it will provide and what you want to learn. When I was young, I had a variety of jobs, I didn’t like … Continue reading What young people need to hear from rich people.
Focus on making money not saving it- When you look at the financial spectrum, most of us are barely scratching the surface of what’s possible. There are a million different ways that you can make substantial improvements to your income, there are only a few limited ways to save money. If you work and average … Continue reading What are the best money tips?
Delayed gratification- Being able to put off buying things has saved me enormous amounts of money. Whenever I want something big, I was a while before I buy it, if I still want it and still think it is valuable I’ll get it. What usually happens though is that I totally forget about it. I … Continue reading What have you done to make life financially easier?
They delay gratification. This is the main difference between people who are wealthy versus people who are not. Being able to delay gratification has been one of the greatest predictors of someones likelihood to become wealthy. This is because throughout your life, you care given opportunities to invest something now and get a larger return … Continue reading What do wealthy people do that poor people don’t?