How
Do Other People Become Wealthy?
If
we look at the wealthy people of the world, the first thing we
find is that they did not get there earning wages. With
the possible exception of a small number of people in the corporate
world, it is most unusual for any wages earner working 40 hours
a week to ever save enough money to become wealthy.
Forgetting
things that are out of our control like lotteries and bequests,
the ways that people have accumulated wealth are through real
estate, owning a business (which includes owning stocks and shares)
or developing and marketing their skills in say the arts, music
or sporting arenas, which is similar in a way to owning your own
business. They haven't spent their lives earning money in a 9
to 5 job that they don't particularly like.
The
other big thing we notice is that they got where they are by
following a passion. There is something in their lives that
they are passionate about and they have thrown all their energy
into that passion. In other words they do what they love doing.
The money is secondary. It comes later and often takes a while
to do so. They have had to put a lot of time and effort into following
their passion before that time arrives. And because it is their
passion they don't usually sit back and rest on their laurels
and decide not to work any more because they've made enough money
- they keep on doing what they love doing. But they are able to
do it in a more relaxed way and are able if they so desire to
use their wealth for the betterment of mankind.
If
you're in a 9 to 5 job ask yourself if you'd continue to do that
job if you had won the lottery and were not going to be paid by
your boss any more. Many wealthy people would continue to do what
they are doing even if they weren't being paid because they are
so passionate about it.
The
main income stream of wealthy people does not come as payment
for hours worked, but comes from investments in real estate or
businesses which provide an income irrespective of whether they
are actually working personally or not.
The
complication with real estate is that you first have to acquire
some"which isn't always easy. You then have to be very astute
about your buying and selling decisions. I have owned lots of
real estate but never made anything out of it.
The
complication with businesses is that you usually need a lot of
capital to get started, which you are risking, and you have the
worry of supervising employees. Many businesses fail within the
first twelve months.
Read
on to find the solution to this dilemma.
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