Qualities of Wealthy and Business-minded People
This list is still a work in progress. Things I picked up from reading books, articles, and personal experiences.
- Think of money as a resource. The more resource you have, the more things you can do.
- Money is made by creating value. You can always make more money by solving more problems.
- Concentrate on how to making money and less on how to save money. Saving money is important too but you should concentrate on making money.
- Look for leverage.
- Associate with rich and wealthy people. Learn from their experiences.
- Calculated risk taking.
- Multiple sources of income.
- Don’t have to do everything yourself. Hire professionals. In order to make money, you have to spend money.
- Use other people’s money to make money. Need to move away from the idea that borrowing or owe money is a bad thing.