Showing posts with label knowledge. Show all posts
Showing posts with label knowledge. Show all posts

How to being wealthy

Step For being Wealthy

 Being wealthy it's not just all about making  lot of money, the wealthy person also had different financial mindset with others, thats way only 1 % on world population control all the money in the world, if you google with this keyword "wealthy person in the world" those wealthy person they are not employee but i'm not saying employee can be wealthy, they can be too if work with high rank in the office, wealthies person as you know is bussiness owner had run their bussiness and had day job in that bussiness. example bill gates, been named the richest man in the world by Forbes Magazine's Annual list of the world's Billionaires. This is the 16th time that the founder of Microsoft has claimed the top spot, the other is wealthies person is investor, many of them are founder or co-founder product or service.
     No.     Name               Net worth (USD)         Age     Citizenship     Source(s) of wealth
  1.  Bill Gates            $79.2 billion Increase        59      United States     Microsoft
  2.  Carlos Slim         $77.1 billion Increase        75          Mexico         Telmex, Grupo Carso
  3. Warren Buffett     $72.7 billion Increase         84      United States    Berkshire Hathaway
  4. Amancio Ortega  $64.5 billion Increase         78           Spain           Inditex Group
  5. Larry Ellison        $54.3 billion Increase         70      United States     Oracle Corporation
  6. Charles Koch      $42.9 billion Increase         79      United States     Koch Industries    
  7.  David Koch        $42.9 billion Increase        74      United States     Koch Industries
 Source : Wikipedia

as mention before for wealthy person they had different financial mindset and this education is not found on school, I found this after read about financial advice books, found interesting advice in Robert Kiyosaki's best-selling series of financial advice books, and the third series is about investing,

this is the Robert Kiyosaki's books review

The first in the series, Rich Dad, Poor Dad

was structured around the story of how Kiyosaki grew up in a family with a father who was a highly-paid official in the Hawai'i school system but who, no matter how much money he made, never seemed to be able to get ahead in his financial life. His advice to Kiyosaki was "Go to school, get good grades, get a good, secure job." Then when Kiyosaki was nine, he adopted a second dad, the now infamous "Rich Dad", the father of his best friend Mike. Rich Dad (who's name is never given in the books) came from a background that was very financially poor, but went on to become one of the wealthiest men in Hawai'i, building business after business and retaining his wealth through his own philosophy of money management. Rich Dad, Poor Dad chronicled and expounded on Rich Dad's advice to Kiyosaki, which could be summarized as: "Don't ever work for money. Make the money work for you. Only hold a job to gain skills, not to make a living. There is a surfeit of opportunity in the world- but you have to go to it, because it won't come to you. Create wealth." Kiyosaki took Rich Dad's advice to heart and went on to make several fortunes of his own.


The second Rich Dad book, The Cashflow Quadrant,
 was a discussion of the four different approaches to making money- as an employee, as a self-employed professional, as a business-owner and as an investor. Poor Dad valued security, and encouraged Kiyosaki to become a high-paid employee, like himself. But Rich Dad argued that the road to wealth and security lead away from the employee/self-employed half of the "Cashflow Quadrant" and into the business-owner/investor side, where a person can control his own future and financial destiny. Whereas Rich Dad, Poor Dad gave an overview of Rich Dad's financial philosophy, The Cashflow Quadrant detailed a crucial part of it- the argument that only through financial literacy and an understanding of the flow of wealth in the world can a person become wealth himself.


Rich Dad's Guide to Investing is the third.

Now comes Rich Dad's Guide to Investing. This book covering the types of investors, how to build a scale able business that can be sold privately, Although the title might lead some readers to believe that it's a guide to the world of IPOs-and-technology-stocks, it's really an even more in depth look at the world of the businessman and long-term investor, a more hands-on continuation of Cashflow Quadrant. In fact, the whole second half of the book is devoted to strategies for developing and profiting from your own business, which Kiyosaki calls "investing from the inside." IPOs are discussed in the last few chapters- but Kiyosaki is talking about how to do your own IPO.
Rich Dad's Guide to Investing is no get rich quick guide. Rather, it's a practical blueprint for building wealth even in you are starting out with very little free cash. But that's not to say that it's "no money down". In fact, the strategies outlined here require more than just money- they also require sizable amounts of time. But the Kiyosaki makes the tradeoff in time seem worth it, considering that the alternative he presents is a lifetime of financial constraint.

I especially like Kiyosaki's suggestions for planning and executing three separate tracks of investment: investment for security, investment for comfort and investment for wealth. His pyramid approach to business management was also very interesting. Overall, this book isn't as inspiring as Rich Dad, Poor Dad, but it has much more how-to-do-it type information, which I appreciated a lot. Highly recommended.
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The Science of Getting Rich

 The Science of Getting Rich is a book written by the New Thought Movement writer Wallace D. Wattles and published in 1910 by the Elizabeth Towne Company. The book is still in print. It was a major inspiration for Rhonda Byrne's bestselling book and film The Secret (2006).[1] According to USA Today, the text is "divided into 17 short, straight-to-the-point chapters that explain how to overcome mental barriers, and how creation, not competition, is the hidden key to wealth attraction." [2]


The science of getting rich free ebook 
By Wallace D. Wattles 

Check Here
the secret
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What wealth is

  WIKIPEDIA

 Wealth is the abundance of valuable resources or valuable material possessions. This includes the core meaning as held in the originating old English word weal, which is from an Indo-European word stem.[1] An individual, community, region or country that possesses an abundance of such possessions or resources to the benefit of the common good is known as wealthy.
The modern concept of wealth is of significance in all areas of economics, and clearly so for growth economics and development economics yet the meaning of wealth is context-dependent. At the most general level, economists may define wealth as "anything of value" that captures both the subjective nature of the idea and the idea that it is not a fixed or static concept. Various definitions and concepts of wealth have been asserted by various individuals and in different contexts.[2] Defining wealth can be a normative process with various ethical implications, since often wealth maximization is seen as a goal or is thought to be a normative principle of its own.[3][4]
United Nations definition of inclusive wealth is a monetary measure which includes the sum of natural, human and physical assets.[5][6] Natural capital includes land, forests, fossil fuels, and minerals. Human capital is the population's education and skills. Physical (or "manufactured") capital includes such things as machinery, buildings, and infrastructure. Qatar is the wealthiest country in the world per capita.

Wealth Definition By Wikipedia

For definitions of "wealth," see also The Wealth of Nations and Max Weber, The Protestant Ethic and the Spirit of Capitalism.
Adam Smith, in his seminal work The Wealth of Nations, described wealth as "the annual produce of the land and labour of the society". This "produce" is, at its simplest, that which satisfies human needs and wants of utility. In popular usage, wealth can be described as an abundance of items of economic value, or the state of controlling or possessing such items, usually in the form of money, real estate and personal property. An individual who is considered wealthy, affluent, or rich is someone who has accumulated substantial wealth relative to others in their society or reference group.
In economics, net wealth refers to the value of assets owned minus the value of liabilities owed at a point in time.[citation needed] Wealth can be categorized into three principal categories: personal property, including homes or automobiles; monetary savings, such as the accumulation of past income; and the capital wealth of income producing assets, including real estate, stocks, bonds, and businesses.[citation needed] All these delineations make wealth an especially important part of social stratification. Wealth provides a type of individual safety net of protection against an unforeseen decline in one's living standard in the event of job loss or other emergency and can be transformed into home ownership, business ownership, or even a college education.[citation needed]
'Wealth' refers to some accumulation of resources (net asset value), whether abundant or not. 'Richness' refers to an abundance of such resources (income or flow). A wealthy individual, community, or nation thus has more accumulated resources (capital) than a poor one. The opposite of wealth is destitution. The opposite of richness is poverty.
The term implies a social contract on establishing and maintaining ownership in relation to such items which can be invoked with little or no effort and expense on the part of the owner. The concept of wealth is relative and not only varies between societies, but varies between different sections or regions in the same society. A personal net worth of US $10,000 in most parts of the United States would certainly not place a person among the wealthiest citizens of that locale. However, such an amount would constitute an extraordinary amount of wealth in impoverished developing countries.
Concepts of wealth also vary across time. Modern labor-saving inventions and the development of the sciences have vastly improved the standard of living in modern societies for even the poorest of people. This comparative wealth across time is also applicable to the future; given this trend[citation needed] of human advancement, it is possible that the standard of living that the wealthiest enjoy today will be considered impoverished by future generations.
Industrialization emphasized the role of technology. Many jobs were automated. Machines replaced some workers while other workers became more specialized. Labour specialization became critical to economic success. However, physical capital, as it came to be known, consisting of both the natural capital and the infrastructural capital, became the focus of the analysis of wealth.[citation needed]
Adam Smith saw wealth creation as the combination of materials, labour, land, and technology in such a way as to capture a profit (excess above the cost of production).[8] The theories of David Ricardo, John Locke, John Stuart Mill, in the 18th century and 19th century built on these views of wealth that we now call classical economics.
Marxian economics (see labor theory of value) distinguishes in the Grundrisse between material wealth and human wealth, defining human wealth as "wealth in human relations"; land and labour were the source of all material wealth. The German cultural historian Silvio Vietta links wealth/poverty to rationality. Having a leading position in the development of rational sciences, in new technologies and in economic production leads to wealth, while the opposite can be correlated with poverty.[9][10]

WEALTH FROM DICTIONARY


 noun

1.a great quantity or store of money, valuable possessions, property, or other riches:
    the wealth of a city.

2.an abundance or profusion of anything; plentiful amount:
   a wealth of imagery.

3.Economics.
   a.all things that have a monetary or exchange value.
   b.anything that has utility and is capable of being appropriated or exchanged.

4.rich or valuable contents or produce:
   the wealth of the soil.

5.the state of being rich; prosperity; affluence:
   persons of wealth and standing.

6.Obsolete, happiness.





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wealth never end

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