RE: The Financial Intelligence That We All Need (They Never Taught This at School!!!)
Thanks for a good article. It has an extensive take on the differences between classes, if you want to call them that. However, I would have to argue that, becoming rich is actually about luck or real determination for most of your life. Becoming wealthy on the other hand is possible the way you explained. Let me explain my point. To me being rich, is being someone who can do almost anything with his money, he or she can buy a ferrari if they feel like it. However, being wealthy, is when you are smart and control the way you use money, as you explained. Eventually build a stable income by saving money, but you still need to think about how you use your money. You can of course become rich also by saving most of your money for 40 years, but by then what is the point? Therefore, becoming wealthy is actually what most should aim for.
All rich people in the world will seem to follow the asset aquisition that I mentioned in the article. Their money works for them and makes more money. They can do anything with that money. There's no point saving for 40 years (and wasting those years) at all. I agree.
My article does not give the extensive strategy but it highlights the fundamental secrets without which, becoming rich or wealthy won't be possible.
And I'm following you.
I agree with most, but you can become rich by winning the lotto also ;) Or you can become rich by playing sports at a national level, but you might still not know how to use that money. And by using money wisely you might never be able to reach the same level. BUT you can become wealthy the way you explained :)
My whole article is also based on using money wisely and become rich. Lotto is no rich because it all goes in the trash in a few days. We're talking about the same thing with different words I think.