page contents

Be Swift and Decisive Like The Wealthy

3 Wealth Building Strategies Of The Rich Exposed

By Augustine Mwanje

Isn’t it interesting that so many people hear about wealth building strategies of the rich, but so few people ever seem to get around to implementing them? In this article we are going to look at 3 wealth building strategies of the rich. Before we get started, if you are not yet rich, you need to understand what is preventing you from being rich and start doing something about it.

Now let us get to the strategies.

1. Invest to win

If you do not know how to multiply your money, your chances of getting rich are rather slim. The good news is that no one is born with this knowledge, and with a little effort, you too can acquire it. There are only two kinds of investors; the successful ones, and those who give up too soon. Rich people invest to win, while most poor and middle class people invest not to lose. There is a big difference between the two strategies.

2. Be decisive

Most people who do not achieve much in life take too much time making simple decisions, and change their decisions very quickly. Once you make a decision, go with it, make it work, and do not look back. You cannot wait to have all the information before you make a business decision because you will never have all the information.

If you don’t completely and honestly believe in what you’re about to do, don’t do it, otherwise you will probably fail. In most cases poor results are brought about by self-doubt.

3. Take immediate action

When you identify a business opportunity, take advantage of it right away. Do not wait for the moon the stars and the sun to be aligned. My mentor used to tell me that if you think of a money-making idea, implement it right away or else someone else will identify the same opportunity and take advantage of it while you are still procrastinating.

The average professional corporate worker will spend years going to school and then they will get an average job with average income. They will spend the next 45 years of their life working up the corporate ladder until eventually they have enough money to retire. In most cases they never earn enough money to retire and they are left to depend upon social security.

The sad part is, for a good fraction of these people, the 45 years are filled with working at jobs they don’t like with bosses they can’t stand. They fail to build wealth even with the knowledge of wealth building strategies of the rich. They eventually feel cheated and then look for someone to blame. Do not let this happen to you.

Looking for more information on how to be rich? Visit http://www.secretformulaforwealth.com today and download a FREE eBook “7 Wealth Secrets of The Rich Finally Revealed!”

Article Source: http://EzineArticles.com/?expert=Augustine_Mwanje
http://EzineArticles.com/?3-Wealth-Building-Strategies-Of-The-Rich-Exposed&id=5855491

 

 

Check Also

US Federal Rate cut has come and gone, Now What?

The price of gold has certainly benefitted from the US-China trade war, hitting a six-year high of $1,510. When there are uncertainties in the US dollar and global economy, investors look for safe-haven asset classes to stash their cash. Gold is one of those safe-haven asset classes that investors turn to during times of trouble. In addition, the price of gold is inversely proportional to the price of the US dollar. This means that whenever the price of gold goes up, the price and value of the US dollar goes down. So, as currency traders who trade the USD against other currencies, we should all understand the relationship between the USD and AUX (Gold).

US Retail Sales Rose, But Building Permits Fall; Fed Rate Cut Decision Pending

The monthly building permit report is watched closely by traders, investors, economists, and by the Federal Reserve. Because all related factors associated with the construction of a building are very important economic activities (for example, financing and employment), the building permit report can give major hints as to the current state of the economy in the not-so-distant future. So, the fact that the latest building permit numbers came in well below estimates, there is cause for concern and the Feds may very will cut interest rate to jump start the economy by putting a cap on the progress of deflation.

US Inflation Rate Fell from 1.8% to 1.6% Giving Strong Indication of a Fed Rate Cut in July

With a strong US dollar, the stock market suffers. This was also one of the reasons why President Donald Trump lashed out at the Feds claiming that the agency was not doing enough to stimulate the economy, condemning the agency for hiking interest rates two times this year, thus stifling the efforts of the US President to stimulate the economy when he championed the passing of legislation which allows huge tax breaks to companies.

Image of the US Economy

The Conference Board Leading Economic Index® (LEI) for the U.S. Increased; Economy to Continue Expanding in Near-Term

The ten components of The Conference Board Leading Economic Index® for the U.S. include:Average weekly hours, manufacturingAverage weekly initial claims for unemployment insuranceManufacturers' new orders, consumer goods and materialsISM® Index of New OrdersManufacturers' new orders, nondefense capital goods excluding aircraft ordersBuilding permits, new private housing unitsStock prices, 500 common stocksLeading Credit Index™Interest rate spread, 10-year Treasury bonds less federal fundsAverage consumer expectations for business conditionsFor full press release and technical notes:http://www.conference-board.org/data/bcicountry.cfm?cid=1

Growth stock image

Willamette Valley Vineyards Posts a Profit for 2018

Jim Bernau, Founder and President of the winery, said "We are pleased Income from Operations was up 15% for the year. Earnings are affected by the dividend cost as we raised the money needed for the planned winery near Dundee prior to construction. As we are able to deploy these development funds, we expect the projected earnings to more than offset the higher dividend costs."

Investment

Data Experts Outline Success Factors for Registered/Private Funds

The different types of data in the fund industry (e.g., external sources and internal sources created by the fund)Defining classification vs. segmentationSegmentation best practices"The asset management industry needs powerful information to navigate the challenges of volatile investment markets, unprecedented regulatory changes and transformational shifts in investors' product preferences," said Mr. Kosanovic. "Technology can help fund managers visualize their data in ways to help them optimally spend their time and resources with greater efficiency to grow their funds."

Mergers and Acquisitions

Merck to Acquire Immune Design; Acquisition Bolsters Capabilities in Vaccine Development for Infectious Diseases and Cancer

“Scientists at Immune Design have established a unique portfolio of approaches to cancer immunization and adjuvant systems designed to enhance the ability of a vaccine to protect against infection, which could meaningfully improve vaccine development," said Dr. Roger M. Perlmutter, president, Merck Research Laboratories. “This acquisition builds upon Merck’s industry-leading programs that harness the power of the immune system to prevent and treat disease.”

%d bloggers like this: