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?
Everyday I buy and sell stuff. I buy food, coffee, clothes, gas, movie tickets, rent, electricity, etc. I sell real estate, my time and expertise, my writing. Several transactions every day, sometimes hundreds. Money in, money out. Most of these purchases are completely mindless. I use electricity 24 hours per day. I swipe my card … Continue reading The purchase that changed my life.