SECRET OF THE RICH

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Learning how to get rich is no more difficult than studying the piano or learning to paint. By changing the way you look at money, you'll realize there is nothing standing between you and your dream but your own self-imposed limitations and actions.

The rich are different. The super rich, or capitalist class, are very different. How does the wealthiest 1% think differently about money? They understand dividends, diversification, taxes, they don't follow what the rest of the market is doing, and they view business as a game. By studying them, you can learn how to get rich yourself.

Have you ever asked yourself: How much money does it take to be rich? That question has been the topic of research for some major psychologists for the past few years and, it turns out, they have come up with a range of numbers.  By knowing where the target is if you want to invest to be rich, you can better prepare your strategy and adjust your expectations.

What Does It Take To Be Rich?

These questions evoke visceral responses from people, from disbelief--as in, Not even close! to, well, disbelief, as in, "Of course!"
Million, sch-million, some say. It takes a lot more than $1 million to be truly rich today, and to stay rich.

Everyone has their own definition of "wealthy." Some say it's $1 million, others say $100 million. Some say it means making more than your brother-in-law. Others say it means not having to work or having strong relationships with family and friends.

But a new survey from UBS shows that most investors say "wealthy" means $5 million—with at least $1 million of that in cold, hard cash. A recent survey of millionaires put the number at $7.5 million, which may sound like lottery money. There is a way there -- and yes, it's very hard.
You can't get there, of course, until you decide exactly what constitutes "rich." It's a relative terms.

Yet being wealthy doesn't just mean having millions in investments or assets. It means having plenty of cash on hand to handle any expense. Driven by the bad memories of the crisis, when many of the so-called wealthy were caught short of cash, investors currently have an average of 23 percent of their overall asset allocation in cash or equivalents. That's the highest number since at least 2010.
Anyone who says that money isn't important obviously has not been without it for very long

Get a job?

We kept our financial woes quiet for the most part, but when a friend or family member found out about our struggles, the first question they always asked was, "Why don't you get a job?"

I often hear people say, "It takes money to make money." Is these true? I have read about people who had no money at their start and later become rich.
It also didn't take a formal education. because there are many degree holder yet they not rich,  I can tell you that achieving financial freedom had nothing to do with what you learned in college.

My answer: It takes a lot of planning, willingness to learn quickly, a lot of determination, persistent effort, a dream and perseverance and the ability to use your God-given assets properly, and to understand how money works and can work for you.

Have you ever asked yourself: How much money does it take to be rich? That question has been the topic of research for some major psychologists for the past few years and, it turns out, they have come up with a range of numbers.  By knowing where the target is if you want to invest to be rich, you can better prepare your strategy and adjust your expectations.

When most people try and figure out how to get rich, what they are really looking for is financial independence. By following a few simple steps, you can free yourself from being a wage slave. This will give you what you truly want - control over your time.

How to get rich

Warren Buffett has long talked about how he focuses on creating value through two "buckets": The earnings bucket and the investing bucket. If you are wondering how to get rich in your own life, you are likely to find that it is considerably easier to raise your net worth quickly when focusing on both of these, taking the same “double barrel” approach Buffett and his long-time business partner, have made a cornerstone of their empire.

The first bucket consists of the operating businesses in which the company holds a controlling stake and the second of marketable securities such as stocks, bonds, mutual funds, et cetera, most of which are held through the insurance subsidiaries such as GEICO, General Re, or National Indemnity, just to name a few.

This arrangement provides several major advantages to Berkshire Hathaway. First, when stocks collapse, Buffett is able to rely on the cash generated by the operating businesses to provide him with funds to redeploy into the market, buying up assets on the cheap.

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