What really separate the difference between the middleclass from the upper-class? Except for their much money, it is the way the think about money, and how they use it.
Instead of buying a new car, a house or a boat, the upper-class use their money to generate more money. The mistake is simple. Most of the population today belong to what’s called the middleclass. In this article we will use a earning of 1000 $ after tax and expenses, for our example of the middleclass. Now, what would you use this 1000$ on? If you are like most people, they would either waste it on new clothes, drinking, or maybe even a new car. That means that when the month is over you are back to the starting line. However, here is where the difference come into play.
Let’s say the ambitious middleclass man want to climb the ladder and reach the upper-class. What he does is too buy a “asset”, something that will generate more money over time. We will use something simple, like a pinball machine for our example of an asset that generate money over time. So, the man buys a pinball machine for his spare 1000$ which generate about 100$ more each month. If he keep doing this for 10 months, he would make 1000$ each month just from the pinball machines!
That means he basically have doubled his surplus. Imagine how much he would earn after 5 years of doing this! And , since he generate more and more money each month, it means he can buy more and more pinball machines as well. The growth is exponential, which means we have a snowball effect, it will grow more and more!
Instead of digging themselves into a endless depth from loan on cars and houses, they use their money for the future, not the present. And this is the difference between the middleclass and the upper-class.
There Are MANY ways to get rich. Some are more simple than others, and some comes with more risk. Here I will present to you 5 easy ways you can use to get rich!
1:INVEST IN LONG-TERM STOCK.
Investing ins stocks is one of the most effective ways to make your money pile grow into mountains. Many investors started with nearly nothing and turned it into billions. Say you put $100 000 into stocks. Every year you get a 20% growth on those $100 000, that’s $20 000 extra each year! Then the next year you will get profit from those $20 000 as well. So, the year after you will end up with $144 000, and the growth will continue exponentially so on.
If you don’t know what a stock is, our what stocks you should buy, read this article:
2:START YOUR OWN COMPANY.
Why work to get your boss rich when you can work on your own? Most people today work in big companies, which they don’t have a ownership in. In other words, they work for others to get rich. For example, take a car seller. He sells 100 cars for $20 000 each during a year. Let’s say that after expenditure that’s a profit of $800 000 for the company. But the car seller only ends up with $100 000 a year. So, if he had started a dealership himself, he would have made A LOT more on his own.
3:INVEST IN REAL-ESTATE AND RENT OUT.
The world population is rapidly increasing, which means the need for settlement is increasing, which results in increasing house prices. Investing in real-estate is one of the most common ways people have become millionaires. It’s expensive too start with, but pays of quickly and contains somewhat low risk. With both the house price increasing after you bought, and the money you get from renting out, this is a very effective investment. However, it require the house prices too be increasing in the area you buy in.
4:INVENT A PRODUCT.
Inventing a new product or solving a daily life problem is the dream for many people. This may be the most powerful way to make A LOT of many. Take Bill Gates for example who invented Microsoft and started to sell his computer, and look how much money he have made. Same thing goes for all the big brands you have heard of. Whether it is inventing a new app, a physical product, or a service, it will have a lot of potential. The only requirements is for you too have a little creativity and people too be willing to buy your product.
5:GET REALY GOOD AT SOMETHING.
This can be basically anything. This can be anything from being very good at a certain sport, becoming the guru of the stock market, the region’s best surgeon, or one of the best engineers in the world. People will pay for expertise. Big companies pay consultants huge amounts for doing what they are good at. Likewise, does sports stars make huge amounts just by being really good at what they are doing. If you find something that you really like to do,
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