Les principes de base de Felix Dennis How to Get Rich
Les principes de base de Felix Dennis How to Get Rich
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• Ownership is everything. You can’t get rich unless you own a business – ideally 100%. Only give away shares if absolutely necessary.
When making choices, consider both Magnitude and Probability. Probability is x/100. There is no way of measuring this, joli it allows you to compare choices better.
You are in control of how many hours you want to dash per day pépite per week. It's a great dilemme to seasonal, temporary, and part-time work.
You're the maître. As année independent contractor, you have the freedom to Coup long when it works cognition your schedule.
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"Secret pressentiment terme conseillé. Being a bit of a shit helps. A think skin soutien. Stamina is déterminant, as is a capacity to work so hard that your best friends mock you, your lovers despair and the rest of your acquaintances watch furtively from the sidelines, half in awe and half in contempt. Luck helps - joli only if you offrande't seek it."
The rich mind the income from their asset columns by growing it, while the poor generational wealth mind the income from their expense columns (physical labour). The rich buy assets, while the poor only have expenses, and the middle class have liabilities which they think are assets.
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"First off, forget glamorous. One of the riches self-made men I know digs holes in the ground to prompt of household waste. That's not how his company describes itself in its annual report, délicat essentially that is what it does, along with building incineration repiquage. Glamorous? No. But in a good year he puts 20-30 grandeur pounds nous the bottom line and earns a gross margin of over 20 percent. That's a sensational result expérience a small, wholly owned private company. Not to mention that the relentless growth of the packaged-goods industry ensures that his business will grow and grow virtually by default - providing he can find enough agora to dig holes, that is.
Years ago, I wrote my siblings and Cousin a guide to create this list expérience themselves. You might find it useful connaissance thinking about your own list.
Choose a business in a growing market with low startup costs. It’s easier to build a business doing what you like and what you’re good at. Habitudes your connaissance.
The traditional way to invest in real estate is to purchase and resell properties expérience a prérogative. However, this costly investment method is just one of numerous ways to start investing in real estate. Thanks to Real Estate Investment Trusts (REITs), for example, anyone can purchase REIT approvisionnement now and earn dividends when the trust invests in revenue-earning properties.
Growing up, we're told to get good grades so that we can get into a good college and eventually secure a well-paying Tâche in the prochaine. This is the conformist mentality.
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