What are the secrets only the wealthy know and the middle class is unaware of? by Ali AlShamsi
Answer by Ali AlShamsi:
- Don't take loans out to begin with.
- Acquire more income sources.
- Spend less than you make, and save the rest.
- Think about how to invest your savings, not how to spend it.
And the biggest secret:
You don't need too much wealth to enjoy life.
Get enough money to have financial security and then let your money work for you as investments. Don't waste your life just accumulating more money.
A rich man makes money with his hands, a richer man has his employees make money for him, and the richest has his money make money for him.