It can be an exciting time to come into a large amount of wealth. Perhaps you’ve won a competition. Maybe a long-lost grandparent you never knew about has passed away, and you’ve been left a large fortune. You may have an antique possession you never knew was worth so much, or maybe you’ve just inherited it from a wealthy friend.
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Wealth
Contrary to popular belief earning more money is not the key to being wealthy. This belief comes from a common misconception about wealth, “you need tons of money to be considered wealthy.” In order to make sense of why this is not 100% true, one must first understand what wealth is.
Becoming a millionaire these days is far easier than ever before. Now making a million dollars is not going to take you a lifetime; Some people will even be able to make a million dollars in the span of just a few years. It is because of all the new investments that people are making that turn them into self-made millionaires.
So, what are some of the ideal investments for the new age millionaire? Great question because there are actually a few that you may not know much about. Being that you are probably excited to see what the future holds for you, let’s dive right into it.
Building Wealth With Silver: How to Profit from The Biggest Wealth Transfer in History by Thomas Herold
I just finished reading Thomas Herold’s book entitled Building Wealth with Silver
Have you ever wondered if you’ve got what it takes to be wealthy? Well, if you are curious, there is an interesting quiz you can take to find out.
Based on various research studies done in the past, there are all sorts of interesting tidbits about the qualities of people who are wealthy. For instance, did you know that optimists do better financially than pessimists, however if you are too optimistic you may be prone to spend more than you should?
Another interesting fact is that really smart people, with IQs of 130 or higher aren’t necessarily all that smart when it comes to their finances. Being intelligent in other areas does not necessarily mean you will be smart with your money.