The Secrets of Americans Wealthy

It's really very basic they are disciplined and frugal. Lets get into two categories there are PAWs and there are UAWs. PAWs are builders of wealth they live on a budget and save their money and then invest it. Be it the company they work for or some other means of investment.

Wealth builders that live on a budget and cut coupons is not glamours but, they spend and average of 8 hours a month working on their budget. Sh oping for what they need as apposed to getting everything they want. We live in a consumption country where as we borrow to spend. There are also those who get EOC (economic outpatient care) that's money from their parents in the form of trusts, gifts, to keep the taxes lower for their children when the time comes for them to receive the sum. UAWs depend on living outside of their means.

High prosperity to spend and living above their means, they emphasize consumption. Buying a house that is a status figure or buying a luxury foreign car. Living from pay check to pay check but, these people are doctors, lawyers, and thousands of other categories. Why have so many adult children become UAWs.

It's much easier in America to earn a lot than it is to accumulate wealth.

Living in a home where the examples were taught about money, how money should be used and the discipline or non-discipline in the home.

For further reading "The Millionaire Next Door" has an eye opening view point on the millionaires. It's most beneficial for the upper-middle class and above. Here's some interesting points on YouTube.

I am not impressed with what people own. But I'm impressed with what they achieve. I'm proud to be a _____. Always strive to be the best in your field.... Don't chase money. If you are the best in your field, money will find you.

No comments: