Reasons why the wealthy continue to have more money.
Wealth is a thing that a lot of people desire, I doubt if there is anyone who is comfortable with being poor and even those who claim to be alright with an average lifestyle will at some point in their lives wish that things were a little better for them. According to general classification, there are four categories of people in the world when dealing with wealth distribution.
The first category of people are those who are born with wealth and they know how to manage and increase the wealth to make more money.
The second category of people are those who were born with wealth but do not know how to manage or grow it, they simply spend it as it comes.
The third category of people are those who were born into abject poverty and they just feel that is their destiny, these people often have a reason to tell for their situation.
The fourth category of people are those people who were born into poverty but have fought their way to the top, breaking different barriers and aiming for the best.
Amongst the categories listed above, I am pretty sure that if asked most people will prefer the first option because it just appears pretty convenient, the only thing required is to be able to grow what you have right, who doesn’t just want a good life? But do you also know that money often moves around, it doesn’t just sit in one place and that gives those of us who come from a background that is not too wealthy the opportunity to also be a part of this wealth accumulating group.
Brief illustration about growing wealth.
As much as we think life isn’t fair by not giving us what we want, do you know that if $1000 was distributed between 20 people, after a year about half of that percentage of humans would have gotten back to being broke, 5 people will still hold on to the $1000 and the remaining 5 people would have gotten a way to multiply or possibly increase by far the value of that $1,000. This illustration will make us understand that wealth creation isn’t about what we were born with but rather it is about our ability to think of growth.
Investing in assets.
Investment as we all know is a very big deal and wealthy people greatly understand the need to make investment in the appropriate places that will keep yielding income for them even while they are resting. It is a knowledgeable thing to make investment in assets and watch those assets yield good returns from time to time.
Wealthy people understand how to save time.
The ability to understand time remains a very significant difference between the poor and the wealthy, rather than spending all their time on activities that will not add a penny to their pockets, wealthy people will rather choose to pay someone to do it for them while they get focused on activities that will be much more rewarding.
Wealthy people understand the power of learning more.
Rather than jumping into things, the wealthy ones take their time to understand how it works and they note down every detail in the process of doing that, the ability to learn more and give more time to studies is the ability to grow even better.
If you have read this post up till this point then you know that wealth is not acquired on the table of luck and mere wishes rather it is gotten by adequate sacrifice and the willing ability to give in our best all the time.
Of the four categories, I clearly identify myself with the fourth one, I am one of those who were born in poverty but who always seeks to have a good economic power, I will be very sincere, you can, yes you can and I say it with all propriety.
My grandfather used to tell me: son, look for the money once you have the money, be sure that money attracts money, but keep in mind that you must know how to manage it.
Hello buddy, getting money and then looking for a war to make money attract money is really essential. Cheers to better days ahead
Thanks for this best info , Actully main point is if you have some money then you should invest and not waste regularly. That is why some People get rich if they already have money.
I would like to thanks .
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