Jamaica
News - Real Estate - Finance
Source: Ezine, Aaron Kater, February 28, 2007)
Why
the Rich Keep Getting Richer
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.
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