Do You Want To Be Rich?
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World-renowned author Robert Kiyosaki defines the difference between being rich and being wealthy as the following: Being Rich means you earn a lot of income at your job. Being Wealthy means you have a high net worth. |
Financial wealth is about having assets, such as real estate, that produces passive income for you.
Forbes magazine annually rates, the wealthiest people of the world and they do so based on net worth, not income. So most people have an ultimate goal of being Wealthy, not necessarily Rich...
Then how do we achieve financial wealth? Financial wealth is about having enough on earned income to finance your life's mission without having to work. In order to build financial wealth. First you must understand how it is built. We need to know which assets can increase in value the fastest.
Property ownership should be integrated into the goals and objectives of ones, long-term financial planning. And the returns from property ownership need to be thought of as a primary component of a household's investment and retirement portfolio.
To begin this week to get clear on the game of building wealth. Do you know your credit score? Do you know how to increase your credit score? The wealthy are conscious players of the financial wealth-building game. Do you know how to play the game? Do you know the rules? There is a systematic-way to make this happen!
The journey from earned-income to unearned-income does not happen overnight. It is rather a progressive journey of intent and action.
Remember, BIG things start small. A penny, doubled every day for 30 days, after 30 days is $10,737,418.
Buying just one investment property in Minnesota today could be the difference between a comfortable retirement and a challenging one.
