
the critical elements to long term wealth ..
there are plenty of ways to make a lot of money..and there are many who make money lose it..make it lose it..then eventually make it and keep it ...
but at the same time when you look at the common millionaire and not the very top end real stars..of which there are only a few thousand or maybe 10 thousand in the world ..who's path was in the high hundreds of million or billions ..
so if you look at the average 1 percenter of the human population..and or the western populations .. the people who build wealth in their lifetimes and are first generation millionair plus range ..
most developed a set of life habit..and practices well before they became wealthy ..that got them through the long period before they had much wealth to show for it ..because most took 10-20 years or more after they started business 1 to hit the millionaire mark ..
and many had to physically relocate themselves and their close family ..to another part of their country or an entirly new country .
if you want to build long term wealth instead of stay poor or just middle class ..
first habit ..is self driven education ..where poor people let someone set the curriculum when they went to school..and stopped learning much new ..after they finished school, wealthy people are constantly finding some way to learn new things to get what they want ..they read books to learn new things ..watch youtubes to learn new skills , and use the internet to educate himself or herslf .. yes they use these things for entertainment as well .. but it is a mix ..
health management .. the wealthy person probably gave up smoking and buying lottery tickets ..where the poor person or middle class person when they stop to get their 10 dollar pack of cigs drop another 10 or 20 on scratch tickets ..every day ..people who build wealth watch their diets a lot better than people who don't or they actually go to the gym.. the wealthy person may technically be obese ..but in actuality ..have more lean muscle and 10 percent or less body fat ..
we can go into the use of debt .. people who build wealth.. either borrow against assets they have..or they save the money up and buy a car for cash ..or they generate income from those things they purchase with debt..that at least pay the payments ..
these are the first three core basics but without learning to educate yourself ..and get your health under control and having a long term perspective as far as understand it could take a while to build wealth .. as for debt most people are stuck in their crappy jobs because they are paying off debts ..while you will not get far into the millionaire range without borrowing money to build or buy income producing assets
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Trey Morgan -
Thanks
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