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?

How life changes after you start making a lot of money.

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.

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?

Can you get women if you are rich and ugly?

You probably aren’t that rich. What people consider to be rich can vary widely depending on the context. Using money as a method to attract women can certainly work if executed properly, but it won’t attract all women. Attracting women is largely about creating intrigue and excitement, creating an experience that other guys can’t offer. … Continue reading Can you get women if you are rich and ugly?