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Read a very interesting article from Thomas Corley & his research on what the wealthy (>$160k yr) do for a living; found this tidbit crazy 
13% were salesman/women
28% worked for big or small companies
63% took financial risk in search of wealth
41% were b students
(Cont)
13% were salesman/women
28% worked for big or small companies
63% took financial risk in search of wealth
41% were b students
(Cont)
29% were c students
68% had college degrees
25% had postgrad degrees
86% worked more than 50 hours a week
What were there jobs?
(Cont)
68% had college degrees
25% had postgrad degrees
86% worked more than 50 hours a week
What were there jobs?
(Cont)
Run big or small companies
Employ millions
Hire/fire people
Invest in new businesses
Liquidate old businesses
They became rich in essentially 1 of 4 ways:
1. 49% were savor investors (people who invest 20%+ of their income)
2. 18% were big company Senior exec's
(Cont)
Employ millions
Hire/fire people
Invest in new businesses
Liquidate old businesses
They became rich in essentially 1 of 4 ways:
1. 49% were savor investors (people who invest 20%+ of their income)
2. 18% were big company Senior exec's
(Cont)
3. 7% were top experts in their field
4. 51% were dreamer entrepreneurs (half failed at least once)
MY TAKEAWAYS
1. We can all do this. It literally takes hard work and discipline. Nothing less, nothing more.
2. Make enough money so you can invest at least 20%.
(Cont)
4. 51% were dreamer entrepreneurs (half failed at least once)
MY TAKEAWAYS
1. We can all do this. It literally takes hard work and discipline. Nothing less, nothing more.
2. Make enough money so you can invest at least 20%.
(Cont)
3. Multiple incomes is the easiest path to doing this. Not that it's easy, but working your ass off and create 3, 4, 5 now will pay off huge in the long run.
Hope this provided some insight for everyone!
I found it very interesting and gave me some motivation for more!
Hope this provided some insight for everyone!
I found it very interesting and gave me some motivation for more!
