What reasons make the rich richer and the poor poorer?

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?

What makes 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?

How much dedication does it take to become a millionaire?

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?

What do wealthy people do that poor people don’t?

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?

If wealthy people have multiple forms of income, how do you do that when you are struggling financially?

It’s absolutely true that wealthy people have multiple streams of income. Some would even argue that the definition of being wealthy is having multiple streams of income that are on some level passive and sustainable long term. There are obviously substantially different types of was to generate income, they all fall on a spectrum. Most … Continue reading If wealthy people have multiple forms of income, how do you do that when you are struggling financially?

Do entrepreneurs look for ways to make money in every aspect of life?

I can’t speak for everyone, I can only speak for myself. I do. I don’t try to make money all the time, I don’t solicit my friends and family to buy things from me or invest. I don’t try to take advantage of situations where it would be inappropriate to seek a profit. I don’t … Continue reading Do entrepreneurs look for ways to make money in every aspect of life?

Money Moves: The Decisions, Traits and Strategies that Separate the Wealthy

Check out my new book Money Moves: The Decisions, Traits and Strategies that Separate the Wealthy.  The book features a collections of stories, experiences and insights about how people become attain success in their careers, their finances and their lives.    Also don't forget to subscribe to the email list for updates on new content.