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Annemarie Berukoff
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Annemarie Berukoff   My Press Releases

When You Decide to Get Rich, How Much Do You Know About How to Get Wealthy - Expert Advice

Published on 9/3/2014
For additional information  Click Here

When you decide to get rich, 

how much do you know about how to get wealthy?


Here are a few pieces of advice by Mark Ford from Early to Rise. Which one do you think will work best for your needs? Which one do you like? Which one requires more details?

:

  • You'll never get rich unless you understand some fundamentals about saving, spending, and investing.

  • Geopolitics determines investment outcomes. You can't become wealthy unless you understand politics and economics.

  • Read popular books on wealth-building by others, especially if they dovetail with your own experience.

  • Stock investing (or even bond investing) is an inadequate strategy for building wealth. Who really understands and/or masters the volatile stock market?

  • Keep the biggest wealth-stealing expenses – like your house, your cars, and entertainment – to a necessary minimum. And eschew any expenditure that has a brand name attached to it. Brand names are parasites that gobble up wealth.

  • Investing in rental real estate is unique – it stands halfway between active income and passive income.

  • The biggest mistake retirees make is giving up their active incomes.

  • The second most important factor in wealth-building is the size of your investible income or what you have left over each month after you've taken care of your lifestyle expenses.

  • The No. 1 strategy is acquiring equity in a start-up business (entrepreneurship) . There are many ways to do this. The most commonly talked-about ways are downright foolish. But there are smart ways to do this, even if you are a novice to business.

  • To keep your wealth for a lifetime, you need multiple streams of passive income. Your goal should be to build each stream of income to a level at which you can live on that and that alone.

  •  Estimate as well as you can what you need to spend each year to have the life you want. This is a number you must have firmly in your mind if you intend to be a serious wealth-builder. Do it today.

 

This idea is not Mark Ford's but it relates to his advice.


Check out exciting new Ebook:

 How 5 Stars Make Money Online


  Network Marketers to learn more about home business success

 with fastest growing online trends and a straight-line marketing plan

 with no critical pieces missing and no technical skills needed. 

Find out how Common Folk have leveled the playing field 

with wealthy Power Players … 

right time to share a beautiful story of core values and beliefs .

 

Questions and comments are always welcome. I look forward to learning more about your experiences and wealth-building aspirations.  Let's set a time to talk via my mobile card


Let's talk soon ... wishing you abundant wealth,

Annemarie

Fair and Democratic home business mentor.

Like Warren Buffet says: 
"Timing Is Everything in Business.You must position yourself in FRONT of Trends and a growth curve, not in the middle, not at the end, but at the inception and realize that the window of opportunity is always closing. So work like there is no tomorrow!" 



Do not miss How 5 Stars Make Money Online or always wonder "What if?" 

 

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