The same goes for athletes and musicians too. Many of them are waiting tables between acting gigs, while only a few make the big bucks. The 10-90 rule also applies to Hollywood stars. This is because 10% of people have 90% of the money. The 80-20 rule may be true for success in general, but it’s actually 90-10 when it comes to money.
Big Idea #1: The richest 10 percent have 90 percent of the money because they invest in a way that the poor and middle classes do not. You have to stop saying, “I’ll never be rich,” and instead say, “I’m going to be rich.” In this article, you will learn that the wealthy invest differently than other people saving after tax income is better than investing pre-tax earnings and getting an education isn’t always helpful. The first step to becoming rich is to change your mindset and start believing you can be rich. Eventually, you’ll learn how to read financial statements and use your experience with them for more investments. You have to be educated about finances and understand how businesses work.
If you adopt the mind-set of the rich and make a decision to achieve that goal, then there’s no reason why you shouldn’t become rich.īefore we get into the details, you should know that there are no quick ways to become rich. However, it’s up to you whether or not you want to be rich. Deep down, most people want to be rich, but they don’t think it will happen for them. Most people desire to be rich, but they also feel that their future is already determined. 1-Page Summary of Rich Dad’s Guide to Investing Overview
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