Skip to main content

WHY THE RICH GET RICHER

I have heard from many people around me that their expenses always seem to keep up with their income. They do not understand why they earn more than they used to but still have no money left at the end of the month. They struggle financially because when their income goes up, their expenses also go up. However, their assets do not increase, but their liabilities do! They work to make their boss rich, they work to pay government taxes, and they work for the bank to pay off their debts. Working harder means that you will have to hand over an even bigger share of your efforts to these three parties. The rich get richer because their assets generate more than enough income to cover their expenses, and part of the income is then reinvested into new assets, therefore increasing the generated income even further. On the stock market, net income which is reinvested is called retained earnings. Reinvesting income into new assets triggers the power of compounded interest, to which Einstein once famously referred as the "eighth wonder of the world".

  1. Businesses that do not require your presence
  2. Stocks
  3. Bonds
  4. Mutual funds
  5. Income-generating real estate
  6. Royalties

Comments

Popular posts from this blog

Growing your business through the power of Videos!

Let me share with you an interesting statistic shared by Hubspot: **62% of customers have made their buying decision after watching a video. This takes me to ask you the following question: Are you using videos as a marketing tool to promote your business online? Then your potential customers might be deciding to buy from your competitors instead of buying from you! Digali Opc Is Best Company For Digital Marketing In India,,,

Benefits of Online Marketing

The bunch of potential customers that are found on-line could be a much larger group of individuals than you’re probably to be able to attract regionally. Using digital selling, you can reach an enormous audience in a way that is both cost-effective and measurable. Other benefits of online marketing include: The ability to move together with your prospects and learn precisely what they’re searching for. The ability to reach a global marketplace. You can save money and reach a lot of customers for less money than traditional marketing strategies. Get to understand your audience and permit them to understand you in person which may facilitate to form brand loyalty. You can track responses to your selling efforts right away.

DIGALI OPC UPDATED SERVICES

WE KNOW HOW REPUTED YOUR BUSINESS,,,, OUR SERVICES ARE                                        **GRAPHICS DESIGN ** **ANIMATION ** **WEB DESIGN ** **DIGITAL MARKETING ** **CONTENT WRITING ** **LOGO MAKER ** ETC ARE AVAILABLE IN THIS COMPANY ....IF YOU NEED ANY SERVICES THEN CONNTACT US,,,,,,,8637856065