Make money the way the super rich do!
Tuesday, June 24, 2008
What is it about the super-rich who tends to differ from the majority of the rest of us? Are they born lucky, they have a natural affinity for the money or is there another secret to their impressive financial track records?
Personally, I think almost everyone can achieve wealth in their lives, but it requires an adjustment in their thinking in order to achieve.
The following is a list of suggestions that we will follow in May to make money as the rich do:
(a) No matter how you earn a living, it will never be possible for you to earn huge sums enjoyably, unless you have a genuine passion for your line of work. An old adage says "Do what you like and that money must follow."
(b) An excellent way to learn about the secrets of the super rich is to read their books. People like Donald Trump and Robert Kiyosaki, among others, have issued clear and easy to read the titles that are essential reading for serious wealth builders. Both men stressed the importance of sound financial advice and avoid the well-worn cliches about social carrying out a "fast buck".
(c) A great book that I read some time ago is entitled "The Richest Man in Babylon" by Og Mandino. This work made a lasting impression on me as it is written in a very simple but clear style. One of the secrets of building wealth contained in the pages, and that many rich people have followed for many years is quite fundamental. It insists that you need at least 10% of each dollar you earn and set it to one side. This money should be used to invest and develop additional revenue and should not be touched for other purposes, if possible.
(d) Many financial gurus advise that you should buy if their investment value and appreciate really add to your income. The purchase of the traditional family home, which has always preached as the best asset that can have a can actually be a liability if it does not adequately value.
(e) Real Estate, when one buys and sells in key places is a sure way that many people have made large sums of money ". It is worth studying carefully the market and see where others have benefited, and perhaps follow their example if the market is healthy. He rarely makes a purchase during a boom time that the price will reach a record high and property values often fall after the race.
(f) stocks and shares are also more and more to increase further the finances of this arena is considered an expert on the option and requires some expertise. People like Warren Buffet (USA), which is widely regarded as the most successful stock market investor of all time, teaches a course wise that one should buy shares preferably in business and a strong hold on them , Perhaps forever, in order to earn consistent. Warren Buffet has been known for buying shares of companies first and sitting on them.
(g) A famous secret of the super rich is that they rarely invest their money in bank accounts that all interest rates are not terribly attractive. When an investment should turn to the option of compound interest, where money is growing at a faster pace because of interest paid on interest earned and not only the principle sum. Many financial experts have clearly drawn graphs and tables that illustrate the staggering profits that can be done that way on a number of years.
(h) The super-rich often seem to have a more positive mind-on money and finance in general. They expect to be a success and hope to feed themselves which are the richness of their flow. And it is very often too!
(i) another plan that many of the richest respect is consulting leading experts in relation to all types of money market investments. The best information will lead to better performance and an ego-save effort of Finance is very seldom a winner. Learn from the best in the business and you are the best! Some advice.
To earn money the way the super rich do so, one must have a real desire to achieve that status of wealth. There is little coincidence that the richest got to where they have. Good planning, investment strategies intelligent and sensible spending often contribute to a healthy financial situation. And one last point on a large number of rich is that they often are not entirely buy a new retail prices. Thus, many of the rich are deemed to bargain hunters who know how to make smart purchases of the best items available. It is a myth that the super rich throw their money around and pay any money for anything they want, but if they did, is that their bank accounts will soon diminish quickly.
Labels: Make Money
posted by Master @ 5:34 AM,