Wednesday, June 22, 2011
What you need to get rich?
Very interesting question. If rich is easy why aren't every one are? From countless wisdom read in many different books, here are receipe of weatlh that is so simple yet so hard to implement.
1. Discipline - Invest first, spend only on what you need.
2. Time - All it tooks is time for your money to compounding. Start early, regardless how small
I'm leaving out rate of return from the equation, but why? As long you invest, you will have something for the rainy day.
Note: Even the greatest investor on the planet only make on average 25% return per annum. So be wary if someone promising you anything greater then that.
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