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People today have a great desire to be wealthy, but few have a plan to
achieve it. The secret to gaining wealth is steady growth. Anyone in
America can achieve wealth, if they will plan and focus on the goal one
day at a time.
We all watch the T.V. programs that show the lives of stars. We see
them driving nice cars, living in lavish homes, seemingly on vacation
24/7. But is this reality, possibly for a few. These types of shows
sends the mind racing dreaming of being rich and living that way. What
you don't see is that alot of the lifestyle that is shown is supported
by companies, and not the stars themselves. This is part of the perks,
they receive for publicity.
The vast majority of wealthy people in America, do not live this way.
To the contrary studies show that most affluent people live below their
means, and always have. They opt to save rather than spend. The problem
is, no one notices them until they are wealthy. At this point the years
of steady savings have started to pay-off, and they can enjoy the money
a little. Buy a nicer home, or a nice car. This is when people notice.
To them it is a culmination of a lifelong plan, to you it appears to be
over night success.
Perhaps, if they would have invited you over for the past fifteen
years, to help calculate their budget and plan their spending you would
not see it this way. See, unless you win the lottery or inherit a
fortune, you will probably never be wealthy. If after reading this
article you only remember one thing, remember this next sentence.
Wealth does not sneak up on you, you have to sneak up on it.
To be wealthy you need to plan your attack years in advance. Right now
there is someone living within a few blocks of you, that will one day
be wealthy. Right now, you are both in similar circumstances. But as
the years pass, they will pull away from the crowd. They are routinely
planning for this day as we speak. They are not necessarily planning to
be wealthy. They just want to be comfortable, but the strategy is the
same.
Here's an example to show my point. Middle class Americans carry an
average of $15,000.00 on credit cards, they earn $65,000.00. This is
debt equivalent to 23% of their yearly earnings. This 18% of their net
worth. Wealthy Americans carry less than 1% of credit card debt,
compared to their net worth. This is an astounding difference.
Everyone has heard people say the rich get richer while the poor get
poorer. Well, continuing to amass unneeded debt and interest this way
helps make this phrase true.
People complain about Governmental policies being in favor of the rich.
There is no amount of Governmental policies that can create wealth for
the masses. The hard truth is that only one person on earth can do that
for you, and it is you. Most people do not like that, but it is the
truth. I hate to say it, but the truth is, to 99.9% of the world it
really doesn't matter if you become wealthy or not.
Now for some good news, once you start to plan, budget, and save it
does not take long to reap rewards. I don't mean being rich, just
relaxed. Soon after you make this change you will see that you do not
have to about the mortgage payment and other bills being paid. Your
budget will automatically take care of that. All you have to do is
watch it and stay on it. Within a few months money worries will be a
thing of the past.
After a few months you have gained the most valuable benefit of wealth, financial peace of mind.
In my life, I watched my parents save and manage their money. My Dad
did not have a high paying job, and my Mom was unable to work. Some of
the close relatives around us earned far more than my Dad, yet today my
parents are as secure financially as any of them. More than some. They
had to plan and budget for years to achieve this success, a habit they
still have today.
Today I pattern my life after them and it has been a blessing.
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