tag:blogger.com,1999:blog-7806938561434543949.post7991359186430419958..comments2023-12-04T20:20:06.863+08:00Comments on K.I.S.S. Investing: 21 Ways Rich People Think Differently from the Poor or Averagefqfeqhttp://www.blogger.com/profile/04752931088438842728noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7806938561434543949.post-43040128518420036682013-03-09T03:49:34.995+08:002013-03-09T03:49:34.995+08:00I can easily find a few flaws in the 21 ways rich ...I can easily find a few flaws in the 21 ways rich people think differently than poor people. First many of the people that are rich had no intention of becoming rich. Owning or starting a business is most likely the factor that resulted in one becoming wealthy. Most millionaires are business owners. The power of compounding is very powerful over time a business with thirty thousand dollars in annual sales will double in size every five years if its sales grow by 15% per year. That means that the business would grow by two hundred and fifty fold in forty years. In fortyfive years it would be 500 times its original size. In other words the business that was thirty thousand dollars in sales annually when it started would now be fifteen million dollars in annual sales after forty five years. Being a smart and savvy business owner is the biggest factor in determining whether one is rich or not rich much more important than any of the 21 ways rich people think differently.QUALITY STOCKS UNDER 5 DOLLARShttp://www.zipleaf.us/Companies/The-Manhattan-Calumet-Value-Stock-Hotlinenoreply@blogger.comtag:blogger.com,1999:blog-7806938561434543949.post-23579914606468767772013-03-09T01:51:03.352+08:002013-03-09T01:51:03.352+08:00It is not a fair comparison. Poor people do not ha...It is not a fair comparison. Poor people do not have nearly as many advantages as rich people. Their is some truth to the fact that rich people think differently than poor people. Well of course. The working poor are preoccupied with financial survival with paying their bills for basic necessities food clothing rent utilities on a daily basis. They have little time and little money to worry about starting a business for example.QUALITY STOCKS UNDER 5 DOLLARShttp://www.zipleaf.us/Companies/The-Manhattan-Calumet-Value-Stock-Hotlinenoreply@blogger.com