Why the Rich Get Richer and the Poor Get Poorer
The Key to Creating Wealth
It’s a question that has bedeviled us since the invention of money. Why do the rich tend to get richer and the poor get poorer? And nope, it’s not because they’re part of the lucky sperm club. (88% of new millionaires are self-made and 56% of billionaires are.)
French economist Thomas Pickety has come up with a compelling answer. The poor and middle class rely on a salary for their income. The rich rely on assets. Assets are property, shares and businesses.
Pickety has discovered that over time salary earnings have just not increased very much. In contrast assets, like property and shares have gone through the roof.
If you want to create real wealth you need to acquire assets. How? Listen to my audiobook: How to master your money and grow rich on the XLife Member’s zone.
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