|
|
|
|
|
|
|
|
|
|
|
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
With so many financial advisors trying to woo you with... Read More
When we think of investing we probably conjure images in... Read More
The Roth is kind of weird until you get used... Read More
Can you concisely summarize your investment philosophy in a few... Read More
Let's start by saying: You can't be afraid to take... Read More
If you want to make the most of your personal... Read More
So you have learned how to trade the markets by... Read More
Typical day traders and swing traders look for stocks with... Read More
Q: My youngest son wants to borrow $5,000 to start... Read More
Young readers know that March 4th is the birthday of... Read More
You wouldn't build your home on anything less than a... Read More
"All human power is a compound of time and patience!"... Read More
Those unfamiliar with the process of making and managing investments... Read More
First, I need to explain about e-currencies or digital currencies.... Read More
If it seems... Read More
In part 1 of this article I started to look... Read More
The technology boom of the '90s romanticized the "rags-to-riches" ideal... Read More
A Savings Incentive Match Plan for Employees plan, better known... Read More
The last time you spoke with your broker did he... Read More
Leaders are stocks that breakout immediately when the market confirms... Read More
To understand stock options, we need to look at Webster’s... Read More
RETIREMENT PLAN CONSIDERATIONS are something every small business person needs... Read More
"Through wisdom is a house built. And by understanding it... Read More
Recently, my family and I took a trip to Maine... Read More
Let's see, he had some oats, fresh alfalfa and his... Read More
Everyone's talking about China. Don't miss the opportunities in the... Read More
There maybe several reasons why you to want to invest... Read More
I am sure you have probably read about the power... Read More
Mutual fund managers use fake fund names to part you... Read More
A strategic question. Why indeed?1. A penny share would usually... Read More
Who is the SEC and why should I ask them... Read More
In this "special report", I want to pose a few... Read More
The cries are heard from the distance, "I need help... Read More
The Foreign Exchange Market, better known as FOREX, is a... Read More
Stock trading strategies are as rampant today, as they were... Read More
Q: My youngest son wants to borrow $5,000 to start... Read More
Many investors think that investing in mutual funds is free.... Read More
We've helped a number of clients develop business plans and... Read More
Options are good investing and speculative instruments. But options terminology... Read More
Online trading is so seductive - just sit, click, and... Read More
Shorts. Let's see. If there are shorts there must be... Read More
Yes, it's the time we've all been waiting for?tax season!... Read More
Strong credit saves real estate investors money on mortgage finance... Read More
We have all heard that slogan that started back when... Read More
Let's first understand what maniac means. According to Webster a... Read More
Q: I own a small decorating business and I'll be... Read More
An option is a traded security that is a derivative... Read More
You know all the articles you read about annuities that... Read More
When we think of investing we probably conjure images in... Read More
For those accustomed to viewing things a certain way, it... Read More
Investing Investing |