$1 Million Is not What It Used To Be and Being Smart Will not Make You Rich...
Above are two headlines that I recently came across and both should inspire hope.
Here is why. Take a peak below at what the article said and then compare that to what you have in your possession.
Not that long ago, the word millionaire conjured up visions of chauffeured limousines and extravagant shopping trips and elegant yachts. These days, a millionaire is more likely to be the guy or gal next door who saved carefully - and perhaps benefited from the sharp run-up in housing prices - but still worries about covering the exploding costs of educations, caring for aging parents and funding their own retirements. (emphasis added by me)
I call this kind of millionaire a 'Static' millionaire. Now do not get me wrong, 'Kudos' to them on accumulating a million dollars, but it is interesting that the millionaire described here 'saved' their way (which takes a LONG time) Plus the 'luck' of a run-up on their house value, but they STILL WORRY about the expenses on the horizon.
They worry because they did not create their wealth. In other words the wealth was created mostly by forces outside of themselves and that is what creates the fear and worry. No control. No ability to accelerate if needed. Simply at the mercy of external forces such as interest and appreciation.
BUT, if they had done what you CAN do and actually created wealth via real estate investments, PLUS the benefits of proper savings and if a house happens to appreciate then it is simply 'icing on the cake' and the expenses that cause the 'Static' millionaire to worry really have zero impact on the 'Dynamic' millionaire because the 'Dynamic' Millionaire will simply go out and create more wealth. "Presto" almost magically wealth appears from thin air! And that is exactly what you can and will do via real estate investing.
Another recent study has determined that 'Being Smart Will Not Make You Rich'. So if you are smart or if you are just like me -there is NO EXCUSES for not taking off with what you have in your hands. No need to wait for all the lights to be green before you get going, you just have to get going and there is no better time than today! You DO have the tools to be a 'Dynamic' Millionaire! Do not wait for perfection. Just get rolling. Success really is cooked in a messy kitchen! So go 'make a mess of money'!
David is an author and speaker who teaches real estate investing among other residual income streams. He is currently working on his latest projects revolving around products he recently purchased. One of his purchases are his 20 inch LCD TVs. To discover more go to http://www.20inchlcdtvs.org today.
Article Source: http://EzineArticles.com/?expert=David_T._Johnson
No comments:
Post a Comment