Showing posts with label Financial Knowledge. Show all posts
Showing posts with label Financial Knowledge. Show all posts

Monday, 5 May 2014

The Only Way To Get Really, Really Rich

Here's The Only Way To Get Really, Really Rich

After reading this article, I felt it made much sense.

Life is a journey and a long one. We should treat our life as though as an investment and make thorough analysis before a decision. Like buying a stock, in life we always have to weigh the downside and upside potential. Remember that we are always given a choice, it is up to us to choose it.

Rich people are the ones that are comfortable getting out of their comfort zone. Ironic huh? They are good at adapting to different environment and willing to experience and venture out. True enough, the rich are those that are entrepreneurs and not those earning salaries.

Where it gets interesting is how the top 400 made their money:
  • Wages and salaries: 8.6 percent
  • Interest: 6.6 percent
  • Dividends: 13 percent
  • Partnerships and corporations: 19.9 percent
  • Capital gains: 45.8 percent                              - Quoted from the article

Of cause, there is always a risk to starting up your own business. Everything in life has risk but it is how well we manage it. Hope this article brings inspiration to any entrepreneurs-to-be :)


Cheers!
Little Boy