Becoming rich

"Focus on becoming rich and not just looking rich. These are two very different concepts, involving two different approaches to life and resulting in widely differing finishes. The poor and working class usually exhaust their scarce resources in trying to showcase a certain level of affluence that they do not really have. Whereas what is really needed is they apply the bulk of their meager resources to becoming truly rich. This difference in one’s consumption and investment pattern determines who will end up striving to look rich and who will end up actually rich. If you have savings of one hundred thousand dollars and you spend it all on a fancy sports car, you may fool some people into believing that you are rich, but in reality you are poorer than you were before you made this purchase. You now have an asset that is depreciating and will be worth little in five to seven years."
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Published on January 09, 2016 21:12 Tags: money, rich, wealth
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