We may not born millionaires but there are financial ways and secrets we can get rich people. In U.S. wealth is handed by a small percentage of the whole number of people. And, those percentages with a net of $1 million or more have gained it their own. Many of them are entrepreneurs who make everything from high speed networks to garbage haulers. They mine ditches, build houses, grow crops, and make jewelries. Some are collecting coins, stamps and other artworks. They are also people who cure people and helps keeping the teeth whiter. Other are concern with their neighbors and even give
them foods.
Successful people are not huge spenders. They find some ways how to make them money grow, investing. Just like Warren Buffet living in that modest Omaha home.
Wealth is described as the abundance of valuable resources or material possessions, or the control of such (–foul word(s) removed–)ets. An individual, community, region or country that possesses an abundance of such possessions or resources is known as wealthy. It is also defined as the value of the things you have minus your debts.
Income itself does not make a person wealthy; it may be helpful somehow but those who are financially independent look forward to their salaries which would be a pile of cash.
Pam Danziger, Founder of unity Marketing explained the statement “The wealthy don’t spend their wealth on discretionary purchases; they get rich by maximizing the value of their investments”. He said that it doesn’t mean rich people are not spending huge bucks for beautiful items (shoes, jewelries, bags), instead they are looking forward to the value and quality of it.
Millionaires are using cash to buy their things. For average earners, one thing should be remembered: Don’t look to debt to fund your lifestyle. Wealthy men use debts to invest and very careful not to over-leverage themselves.
Millionaires plan ahead of time. Some investors and savers find that the quest to riches was far more exciting than reaching the goal. They are patient, willing to wait and to invest.
There are some recommendations for people who wants to accumulate wealth, this includes Live below your means, Plan, Diversify, Reduce use of credit and turn to cash, Have access to cash, Spread cash around, bring your children into the mix, and remember the importance of estate planning.
