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An Open Letter From a So-Called Stupid
Why Identity Theft makes us all dummies, and what you can do to stop being stupid... Someone recently told me, "You would have to be a stupid to lose your personal information." While I respectfully responded to this person in the moment, the...
Coca-Cola - A Value Stock?
There has been much talk lately about Coca-Cola and its potential as a value stock – as it now spots a dividend yield of 2.6% (which is the highest dividend yield since the late 1980s) and a P/E or less than 21 – right at the bottom of its...
How To Evaluate A Product Opportunity
Day after day my in box, and I'm sure yours as well, fills with opportunity propaganda on how to make money. Do this, and poof, you're rich. Become an affiliate and sell my ebook, and poof, you're making lots of money. I don't know about you,...
How to Maximize Your 401k Mutual Fund Returns
When it comes to 401k's there is an overabundance of sad stories. Here is one that at least has a happy ending—and it's getting happier all the time. Last year (in 2002) a friend of mine—let’s call him Jack—phoned and asked if I could help him with...
Realistic Expectations When Starting a Home Based Business
Working out of your home with an internet business can be the most rewarding experience, both personally and financially, that a person can undertake. The internet has made more millionaires than any other vessel in history, and you don't have to...
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Why the Rich Keep Getting Richer
Why the Rich Keep Getting Richer
Rich people: fortunate, lucky, selfish, and arrogant? Or highly educated, caring, brilliant individuals? Becoming rich isn’t hard, but it does require a bit of time and knowledge. Having time to get rich, educating oneself, and buying assets are the three key factors in attaining untold wealth. Rich people usually either have or make time to get rich. Most people that now own huge mansions, have wonderful riches, and drive the nicest cars usually begin taking the road to riches in their spare time. One plan, the most common, is to work at a low-risk, steady job until one has enough money to invest in something that will feed one for the rest of their life. But before one can invest in anything, one first has to educate oneself. Although the best way to educate oneself in a particular investment is to have a mentor, and thereby gaining valuable hands-on experience, another excellent way to do this is to listen to tapes and CDs and to read books on the subject. I have done both, mainly pertaining to real estate, but also I have read a wonderful book about making money on the Internet, called Multiple Streams of Internet Income, by Robert Allen. Lastly, after creating time to get rich, and
educating oneself, one simply MUST buy assets that will create money for one, and not liabilities and toys such as a new car every other year, and boats. These come only after one can prove that he is capable of handling and keeping money. Simply put, according to multi-millionaire Robert Kiyosaki: “Assets will feed you, and liabilities will eat you.” An example of an asset is a rent-house, or stocks and bonds in a certain company. Only, that is, if the company is good and the stocks are ultimately going up in value. In conclusion, we see that the three most important ways the rich keep getting richer are: having or making time, subject education, and buying assets. These are the key factors influencing wealth. I personally plan on educating myself in real estate, as it seems the simplest and safest way of getting rich.**
**Note: If you’d like to use this article, feel free to do so, but please remember to include this message, and my resource box in every copy. Thank you!
About the Author
Aaron Kater has been writing articles for quite a while, and has his own weekly newsletter, Katerzine! If you’d like to subscribe, please visit his website at www.aaronkater.4t.com, or send him an email at aaron_kater@yahoo.com
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