Rules of the Rich and Wealthy

RULES OF THE RICH AND WEALTHY point out that riches and wealth are more about mentality and your financial intelligence than it is about how much income you have.


Rules of the Rich and Wealthy


Most people have a love or hate relationship with riches. They tend to resent those who have it, but spend their whole lives attempting to get it for themselves. The reason a large majority of individuals never accumulate substantial wealth is because they don't understand the nature of money or how it works.

Riches and wealth are more about your mentality and your financial intelligence than it is about how much income you have. Rich and wealthy individuals save and invest a portion of their income. What do they invest in? The rich and wealthy invest in passive income streams that pay them whether they work or not. If you have no savings, then it doesnít matter how much income you make annually; you arenít rich. If you quit your vocation today, how long would you continue to live your current lifestyle? Would you survive a calendar month, 6 months, or twelve months?

The longer you can go without working, the more affluent you are. And the richest individuals are those who are financially free. In other words, their passive income streams are enough to cover their expenses and their lifestyle. In effect, they could go on forever at their current level of living without working again.

Most people try to become wealthy by accumulating their money. To do so, you need to understand how to manage your cash flow and investments. Who doesn't want to be financially free? It is something we would all desire. We always seek something more and something better. And if you have been browsing how-to-get-rich-and-wealthy articles on the internet, then you will realize that the most common strategies for generating more income or passive income are real estate investing (eg. flipping houses) and internet marketing (eg. google adsense or affiliate marketing revenue).

Here is the single most crucial thing you will ever hear about investing: Getting rich is simple. Not easy, but simple. And here is the second most crucial thing you'll ever hear about investing: you have no excuses not to do it.

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