There is a secret to wealth that most people don’t realize. Have you ever read the book, “The Millionaire Next Door?” Have you ever seen a doctor or a dentist that you thought was wealthy, but then they ended up being in loads of debt, barely getting by paycheck to paycheck?
The same is true for many professional athletes. There is an extremely entertaining documentary on Netflix called “Broke.” If you get a chance I highly recommend it.
What it shows is all of these athletes that were making hundreds of thousands of dollars a month, and how they lost it all. In fact, most of them were living paycheck to paycheck.
What does this say about money? It means that the laws of money are much different than you or I would, on the surface, define it as.
Most people will say that wealth is a function of how much money you make, and also other factors such as what cars you drive, how big your home is, etc.
However, this is not true. As it has been shown in the book I mentioned above, many of the millionaires and actually wealthy people in this country live in modest homes off a modest budget.
In fact, most often those making large paychecks struggle with the same problems as those making smaller ones. They live paycheck to paycheck with hardly any savings, and they are in large amounts of debt.
So, here you go. A little piece of information for you, a nugget of truth. If you want to be wealthy, the key is extremely boring.
The key is to live on a budget, spend wisely, and invest in safe places.
In essence, “Don’t Lose Money!”
By doing this, you will find yourself in an extremely profitable situation. A long term outlook is the best possible one. Think about your finances in a long term view, and spend today with a plan for tomorrow.
That’s the secret.
Most People Do Not Do This
Most people are looking for a quick buck. They spend their time and energy trying to get rich without effort.
The truth is this rarely if ever works.
This blog is dedicated to showing you the safe and proven elements to attracting wealth. What do the wealthy do? Why do they do things the way they do? These are the questions we want to tackle in this blog.
We want to help those who are looking for the truth about money. The fundamentals of money will get you much further than trying to pick the right stocks, which is another sure fire way to lose a lot of money.
By understanding and following these principles of money you will find yourself sleeping better, living better, and feeling better about your money situation.
And if you follow them in the right way, and you make smart decisions, you may even find yourself in the wealthy category, which to me is someone who is earning more money from passive income than they spend.
Let that be your goal.