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Tuesday, June 9, 2020

WHAT THE RICH KNOW THAT THE POOR DON'T KNOW ABOUT MONEY..

  1. Money Makes Money - You must re-invest what you have earned if you want to make more.
  2. Wealth does not come from your job - It is the best way to make capital at first. But true riches come from the passive income you make.
  3. It takes more money than you think - Millionaires do not live the lifestyle that they are imagined to. Most people would need approximately  $10 Million to live a lifestyle close to what they imagine.
  4. It takes time - Get-rich-quick schemes do not work. If you want to be rich you must invest your money and be patient.
  5. Some debts are good - Leveraging a debt can be of huge benefit if used right.
  6. Rich people do not look rich - Most of them are comfortable being who they are. They do not need clothes to show off.
  7. It’s not what ultimately matters - Sure, money makes things easier 
  8. to a point. After that its about what you do not whats in your bank account.
  9. Most wealthy people do not have much cash - Their bank accounts are often rather small. It’s their assets that make them reach the high net worth they have.
  10. Where you are does not define your actions - The wealthy can still make money on vacation. Their actions are not bound by their situation or location but by their standards to themselves.
  11. Money is a means to an end - The question is, do you know your end? What will you actually use the money for? Why acquire so much?

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