There are 5 secret of Rich Class People, follow it and be Rich..........
1- The Rich Class People Prefers Passive Income Over Active Income
Rich class
person know value their time. That's why they want the biggest
chunk of their cash to be generated from passive income sources. passive income doesn't
require you to actively be involved to earn a living, freeing you up to focus
on more important things, such as your family. The more money
you earn from passive income sources, the more time you will have to find new
opportunities, study new ventures, acquire more knowledge and skills, find
great employees, and spend time with your family.
Passive
income can come from sources as varied as Rent from real estate properties,
Earnings from Internet advertisements on a blog or website you own, Royalties
from books, songs, publications, or other original works, Interest from owning bonds, certificates of deposit and other cash
deposits etc.
2- The Rich Class People Understands the Nature of Money
The
poor and working class see money as a finite commodity; there is only so much
and then you spend it until there is none left. The rich members of the
capitalist class know the truth, Money is like a seed. The same principles that
farmers have been using regarding sewing and reaping to provide food for
thousands of years hold fast for money. Each dollar that comes in to your hand
has the potential to be planted, grow, and expand into far more money. It's no
different than a farmer growing corn. You can either eat your seed, or plant
your seed. One gives you satisfaction today; the other can feed your family for
generations. Money, like seed, can grow through the power of
compounding. A small $10,000 investment at 10% for 100 years, for instance,
grows to nearly $138,000,000.
3- The Rich Class People Makes Own Luck
One of the surest ways to know that
someone is doomed to be middle class forever is their staunch belief that
stocks, or real estate, or private businesses are as unpredictable as gambling.
They don't understand the outcome depends on your knowledge. The lower and middle
class foolishly assume that the capitalist class is merely lucky or cheats to
get ahead. What they don't realize is that the capitalist class is constantly
working, studying, and creating opportunities. The average person very rarely takes risks or chances. They
often get up, go to work, and come home. With the capitalist class, they are researching investments, building shopping
centers, finding investors, launching new products, or going after big clients
every single day. When only one of these activities pays off big, it's enough
to be set for life. To the outside world, it looks like mere luck.
4- The Rich Class People Understands Taxes
A
basic understanding of tax regulations can make building wealth much easier.
The capitalist class understands this and studies the rules themselves, as well
as hires good tax accountants.
The rich class people are able to achieve their
objectives, they can earn and save enough part of money by knowing the tax rules.
5- The Rich Class People Thinks of Business as a Game
The Rich Class
People thinks of business as a game. For most business owners, it really isn't
about the money at all. The motivation is to build something and to win;
whether it's beating competitors, or competing with themselves. The middle
class often has an almost perverse relationship with money.From the time
students leave college, they are told to get a good, "secure" job
with benefits, fear stock market fluctuations, and spend their money on assets
that depreciate such as cars and consumer electronics. For the rich class,
business and money are merely tokens - tangible proof that they have succeeded.
Some rich class members have described the balance sheet as the "score
card" by which they can compare themselves to their competitors.
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