Why the Rich Keep Getting Richer

Rich people: fortunate, lucky, selfish, and arrogant? Or highly educated, caring, brilliant individuals? Becoming rich isn't hard, but it does require a bit of time and knowledge. Having time to get rich, educating oneself, and buying assets are the three key factors in attaining untold wealth.

Rich people usually either have or make time to get rich. Most people that now own huge mansions, have wonderful riches, and drive the nicest cars usually begin taking the road to riches in their spare time. One plan, the most common, is to work at a low-risk, steady job until one has enough money to invest in something that will feed one for the rest of their life. But before one can invest in anything, one first has to educate oneself.

Although the best way to educate oneself in a particular investment is to have a mentor, and thereby gaining valuable hands-on experience, another excellent way to do this is to listen to tapes and CDs and to read books on the subject. I have done both, mainly pertaining to real estate, but also I have read a wonderful book about making money on the Internet, called Multiple Streams of Internet Income, by Robert Allen.

Lastly, after creating time to get rich, and educating oneself, one simply MUST buy assets that will create money for one, and not liabilities and toys such as a new car every other year, and boats. These come only after one can prove that he is capable of handling and keeping money. Simply put, according to multi-millionaire Robert Kiyosaki: "Assets will feed you, and liabilities will eat you." An example of an asset is a rent-house, or stocks and bonds in a certain company. Only, that is, if the company is good and the stocks are ultimately going up in value.

In conclusion, we see that the three most important ways the rich keep getting richer are: having or making time, subject education, and buying assets. These are the key factors influencing wealth. I personally plan on educating myself in real estate, as it seems the simplest and safest way of getting rich.**

**Note: If you'd like to use this article, feel free to do so, but please remember to include this message, and my resource box in every copy. Thank you!

Aaron Kater has been writing articles for quite a while, and has his own weekly newsletter, Katerzine! If you'd like to subscribe, please visit his website at www.aaronkater.4t.com, or send him an email at aaron_kater@yahoo.com

Despite the economy, investing rules stay the same: Risk it or ...
Chicago Tribune, United States - 6 hours ago
Want to find a safe investment that will pay you more than CDs or Treasury bonds? Welcome to the club. Financial advisers say they are busy listening to ...

As Some Question Whether to Keep Investing, It's Easy to Miss Bargains
Washington Post, United States - 22 hours ago
They can risk buying into an investment that's overly ripe. Instead, many market watchers note that investors who boost their contributions to retirement ...

The Southern Ledger
Investing in stocks: Is it time to get back into the market?
Independent, UK - Jul 4, 2008
James Smith, the chief investment officer of specialist funds at Resolution Asset Management, believes that equities are up to 30 per cent undervalued in ...
Harris & Harris Group, Inc. Added to Membership of Russell Indexes Business Wire (press release)
all 847 news articles

Many managers running funds don’t invest in them
Boston Herald, United States - 9 hours ago
By Chuck Jaffe / Your Funds In times like these, investors would like to take some comfort that they are investing like the pros. Indeed, it’s comforting to ...
MARKET BUZZ Fund Managers' Vote of No Confidence Washington Post
all 7 news articles

BT says it will continue investing in RP
Inquirer.net, Philippines - 10 hours ago
"We are investing in the Philippines and continue to do so," Migliorini said. "We are working on opportunities there and it's not just from our partnership ...

Don’t bother investing in climate change - yet
Times Online, UK - 14 hours ago
The electric vehicle manufacturer, listed on the Alternative Investment Market (Aim), has regularly appeared in the top ten buys at stockbroker TD ...

Investing in security systems key business strategy
Jamaica Gleaner, Jamaica - 8 hours ago
Electronic commerce, communications technologies and the growth of the Internet are changing the world at a pace that few people would have predicted. ...

Investing in value stocks will repay in long run
Economic Times, India - 13 hours ago
That is also probably one of the reasons why investors have preferred to wait on the sidelines rather than resorting to aggressive investing at current ...

Hindu Business Line
Analyse market conditions before investing
Economic Times, India - 12 hours ago
... global events and government /RBI action on businesses . Investors should exercise caution in the market and make any fresh investment after analysis.
What’s melting the market... Hindu Business Line
FIIs diverting their investments to emerging economies Economic Times
all 8 news articles

SNEAKY FEES | Part III Avoid Investing Charges By Trading -- Firms ...
Washington Post, United States - 17 hours ago
Lance Cashion saved $3200 in commissions over the past year by using a broker in sync with his investing strategy. Cashion, a 33-year-old technology ...

Wind Chimes and more...

Windchimes for great gifts!

Shop More, Save More for College Gimmick or Reality?