Rich people: fortunate, lucky, selfish, and arrogant? Or highly educated, caring, brilliant individuals? Becoming rich isn't hard, but it does require a bit of time and knowledge. Having time to get rich, educating oneself, and buying assets are the three key factors in attaining untold wealth.
Rich people usually either have or make time to get rich. Most people that now own huge mansions, have wonderful riches, and drive the nicest cars usually begin taking the road to riches in their spare time. One plan, the most common, is to work at a low-risk, steady job until one has enough money to invest in something that will feed one for the rest of their life. But before one can invest in anything, one first has to educate oneself.
Although the best way to educate oneself in a particular investment is to have a mentor, and thereby gaining valuable hands-on experience, another excellent way to do this is to listen to tapes and CDs and to read books on the subject. I have done both, mainly pertaining to real estate, but also I have read a wonderful book about making money on the Internet, called Multiple Streams of Internet Income, by Robert Allen.
Lastly, after creating time to get rich, and educating oneself, one simply MUST buy assets that will create money for one, and not liabilities and toys such as a new car every other year, and boats. These come only after one can prove that he is capable of handling and keeping money. Simply put, according to multi-millionaire Robert Kiyosaki: "Assets will feed you, and liabilities will eat you." An example of an asset is a rent-house, or stocks and bonds in a certain company. Only, that is, if the company is good and the stocks are ultimately going up in value.
In conclusion, we see that the three most important ways the rich keep getting richer are: having or making time, subject education, and buying assets. These are the key factors influencing wealth. I personally plan on educating myself in real estate, as it seems the simplest and safest way of getting rich.**
**Note: If you'd like to use this article, feel free to do so, but please remember to include this message, and my resource box in every copy. Thank you!
Aaron Kater has been writing articles for quite a while, and has his own weekly newsletter, Katerzine! If you'd like to subscribe, please visit his website at www.aaronkater.4t.com, or send him an email at aaron_kater@yahoo.com
Death and taxes! The certainties of life! And then, of... Read More
When raising capital for a business venture, warrants are a... Read More
It always amazes me how much stock market investors resemble... Read More
Mutual fund managers use fake fund names to part you... Read More
Purpose: Expose Opportunities for Smart InvestorsThe move by China's central... Read More
It is important to answer the following questions before you... Read More
With visions of an ATM in every neighborhood in China,... Read More
In the simplest of terms, Arbitrage means to exploit price... Read More
If you are new to investing online, don't put your... Read More
The forex market is what is called an international exchange... Read More
Gold Maple Leafs and Silver Maple Leafs are receiving packaging... Read More
A significant number of corporations that settled accounts in the... Read More
There has been much talk lately about Coca-Cola and its... Read More
What CA Needs To Do To Address Issues in FranchisingWe... Read More
Everyone knows T Rex was the most fearsome of all... Read More
If you've ever listened to Warren Buffett talk about investing,... Read More
If you are doing your own investing in the stock... Read More
The Value of Gold in a Era of Paper Assets,... Read More
How many of you out there think that the market... Read More
Have you had one of those huge investment winners ?... Read More
While a U.S. Representative to the Asian Development Bank Executive... Read More
The Roth is kind of weird until you get used... Read More
Remember the old saying, "never too late to start"? Well,... Read More
The most basic aspect of trading is learning to differentiate... Read More
All this talk about Investing is encouraging lately. Over the... Read More
There maybe several reasons why you to want to invest... Read More
The syntax is tortured, the grammar mutilated, but the message... Read More
Rolling is defined in options online trading as moving a... Read More
Scams and frauds are designed to take your money through... Read More
Death and taxes! The certainties of life! And then, of... Read More
In this day and age of online brokers for virtually... Read More
If you want to make the most of your personal... Read More
First, I need to explain about e-currencies or digital currencies.... Read More
The economic data reported Fri showed continued above trend growth... Read More
I am good at a few things. I can certainly... Read More
They're real, but few survive. High risk investing is dangerous... Read More
An option is a derivative trading product that is best... Read More
Not long ago I was laying on my son's floor... Read More
One of the greatest preconstruction investing issues that I hear... Read More
Stock trading strategies are as rampant today, as they were... Read More
The following perspective on (day) trading comes from my many... Read More
When developing a plan for your finances, the toughest question... Read More
With the stock market in steep decline, people are looking... Read More
Many Young people live for Today. They really don't fully... Read More
Everyone's talking about China. Don't miss the opportunities in the... Read More
There are three important differences between investing and trading. Overlooking... Read More
You have probably been hearing, seeing and reading that real... Read More
To create momentum in your options trading you need to... Read More
The American Football season just came to an end with... Read More
You hear it over and over and over in books,... Read More
Investing Investing |