What the rich do & YOU can too!
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The document discusses strategies used by wealthy individuals ("millionaires") that could also benefit the reader. It outlines five key strategies: 1) Give away more money through donations. 2) Establish your own business. 3) Borrow money strategically for investments rather than consumer purchases. 4) Live frugally within your means. 5) Prioritize investing in assets that generate income over time like real estate and stocks. The document encourages the reader to emulate the financial habits of millionaires to potentially build wealth.
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What the rich do & YOU can too!
- 1. What the Rich do, and YOU can, too!
- 2. What the Rich do, and YOU can, too Investment Management Professionals Pty Ltd Corporate Authorised Representative #306558 of Financial Planning Services Australia AFSL 225982 Jeremy Britton DipFA SA(Fin) www.24hourwealthcoach.com
- 5. Five things that millionaires do differently, which you may choose to apply The rich don’t just HAVE more money. They spend it, borrow it and save it in ways that might benefit you, too .
Notas del editor
- 1.2 Million SME’s in Australia, half sole traders and half who employ others These employ 3.3 Million people or around 47% of the private sector workforce In the top 10% of households, 41% own their own business. Business assets comprise 21% of the total net worth of millionaires Closely held and family-owned businesses are a major source of wealth but – it can be risky having so much of one's net worth tied up in a single investment it could be tough to sell. planners often encourage their business-owning clients to diversify their other investments.
- Give away more (& more will come) Establish your own business (franchise, P/T, etc) Borrow intelligently (for investment & income, not toys) Live within your means (have a personal cashflow plan) Invest (pay yourself first & make investing a priority)