Tuesday, July 24, 2012

How the rich gets rich

Holy Gardens Memorial Park - A Special Place for Remembering Loved Ones


If you  want to get rich and that is your goal, it will never happen that way.  You have to know the best route to getting rich.

From the data of IRS in US, the rich got measly sums from salaries, interests and dividends. Neither from investment in corporations and businesses.  They got the biggest from capital gains.  (That this is the strategy of the rich -  get small salaries for deferred taxation, and then get most when you exit from capital gains when taxes are lower.is beside the point)


Conclusion:  You cant get rich on salaries and dividends nor investment in companies. You can get rich by investing in yourself (self dev) and in others, doing a hundred small things right, and then few big things right.

Here is the link to the Inc. article:    How the rich got rich from Inc.

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