The Italian once said “There are only three ways to make money – you can steal it, marry it, or inherit it.” Many would argue that they missed one very important method – investment. In fact it is why the rich get richer and how you can do so too.
Just ask the young man who invested his last nickel during the Great Depression. He invested in an apple doubled his money the same day and repeated the process slowly building a small fortune. Of course the two million dollars his parents left him certainly allowed him to invest even more seriously. It’s why the rich get richer and how you can do so too.
What about Bill Gates who took great personal risks that gave him an industry monopoly. Of course the fact that his grandparents left him a million dollar trust fund and that his mother personally knew the CEO at IBM who would eventually seal the deal doesn’t really make for a fair playing field. So is why the rich get richer and how you can do so too really doable?
Let’s have a look at Donald Trump who inherited millions of dollars from his father so no matter what success he’s had over the years he would have been wealthy anyway. It’s why the rich get richer and how you can do so too – that is if you can pick your parents.
Since most of us can’t pick our parents we’d better have a look at investing is some common stocks. If you are investing long term stocks are a good start. And it is why the rich get richer and how you can do so too. It doesn’t favor rich or poor as long as you have the money for the stocks.
Mutual funds are also a good choice for long term with a lot less risk. Use a funds manager and you’re going to deal with a funds load which is a percentage they take each year. But why not be your own manager and eliminate that cost which can add up. That’s why the rich get richer and how you can do so too.
If you haven’t figured out why the rich get richer and how you can do so too you need to do just a little more research and reading. You’ll figure it out in no time and you will have the formula for why the rich get richer and how you can do so too.
Copyright © 2007 Joel Teo. All rights reserved. (You may publish this article in its entirety with the following author's information with live links only.)
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