The Rich Have Different Habits That Make Them Different From The Rest Of Us. They Have A Different Way Of Thinking Which Is Of A Higher Level Than Any Average Person.
THE BASIC CHARACTERISTIC OF BEING RICH: KNOWLEDGE
Knowledge about finance is a must for getting rich. The basic idea what makes the rich people what they are is the knowledge by which they can differentiate between assets and liabilities. That is the first stepping stone in order to get rich. Such assets can be anything from real estate that generate income to stocks that pay dividend or bonds that pay interests. Liabilities may include anything from outstanding balance of your credit card to your home mortgage or any other loans. These are the ones that eat up your savings when you are out of work. People, who have become rich, have minimized such liabilities to reach the position where they are.
WHAT THE RICH PEOPLE DO
This story is from the June 2017 edition of Mad About Money.
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This story is from the June 2017 edition of Mad About Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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