Why The RICH are getting richer and YOU’RE not…..
In these trying economic times everyone seems to be struggling just to make ends meet. Some aren’t even able to do that. With the prices of everything going up and every dollar you make being worth less it has become harder and harder to stay afloat.
The question has become why is it that all the people who are working for a living just trying to keep their heads above water are slowly but surely sinking while all the ones who have the money are sitting high and dry and doing well.
In other words,
Why the rich are getting richer faster while the poor getting poorer?
You think it’s unfair? Well, before we make an ass out of u and me (read:assume) that “the world isn’t fair”…..
read on
You see, in the old era, the rich inherited money that someone else has worked very hard for but truth is today the majority of the rich are self-made and started out with little to nothing.
In fact, most of The Top 50 Young Entrepreneurs Under 30 made their fortunes from scratch. They rose from poverty to wealth, or sometimes from obscurity to fame; relying on their grit and determination and not good genes.
What The Rich Have
The difference between the rich and the rest of us – ‘the strugglers‘ is what they chose to do about it. They took what little they had and started businesses that have turned out to be great successes.
This has as much to do with luck and good timing as it does education and knowledge. It isn’t as if it was any easier for them than it would be for anyone else. They had to work hard at it and take a leap of faith in their own abilities.
They too had to suffer through the lean years and put all their profits back into the business that they believed in to make it thrive and become the successful business that they have now.
Money Breeds Money
They also realized that once that business was surviving on its own and turning a good profit it was time to take some of that money and venture into other new businesses.
As the saying goes, “Money breeds money” and the more you have the more you can make.
Remember Dean Hunt’s ‘One Cent Rule’ when he gave his tip to the young entrepreneurs?
The rich are the people who don’t allow themselves to become entangled in “the world isn’t fair” and “I don’t get what I deserve” attitudes. Instead they take their weaknesses and turn them to their advantage. They see every unfolding event as an opportunity to make their circumstances better not as soul crushing defeats.
To them, failures are just part of motivation and learning experiences to take them to greater success.
Who The Rich Know
Many have watched their friends and colleagues reach success long before they did. They could have been deflated with envy by other successes but instead been inspired by them.
In fact, the rich realize early that having successful people around them can help them on their way to building the career and success they are looking for.
Using their networking skills and being around people that are in positions to help facilitate their own business interests is a place of strength and not a show of weakness.
There is no shame in not being as successful as the people around you as long as you are working toward your own goals of becoming rich and successful yourself.
The World isn’t Unfair
The rich get richer because they know that being rich means not just having money and network but also the right mindset, the essential traits and the know-hows to multiple their money when the opportunity arises.
On the other hand, the poor keep wallowing in destructive thoughts that “the world isn’t fair” to them. Sad but it’s true.
Being rich isn’t a science. It can happen to you and me too. It all boils down to what you choose to do, how you do it and whom you are doing it with and a strong belief.
As in everything else, it takes time, effort and perseverance to achieve that degree great success
and internet marketing is not an exception.
Do you have what it takes?
Image credit: Refracted Moments
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Yea, as you accumulate money and invest it in other strategies and campaigns, you’re able to grow your holdings further and make even more money. You’re also able to invest more of it and see higher returns in the stock market.
Great post, now it’s just time to get rich and capitalize on it.
Really cool post, was worth reading!
Great post Yan! This is exactly what I do, I earn money and then reinvest my money to make even more money! 😀
Brilliant article.
I think there are two kinds of people who want to be rich. The moaners, and the ones who take action. Who do you think actually ends up rich? The people who take action.
The moaners just annoy me.
Sophie
Wow yeah, I can see a lot of that already; even here in Australia now.
Good post, now lets see who makes it big on the internet 😛
Great post Yan! I love your last point. Everyone complains that life isn’t fair…the ones that make it in like, realise this and just deal with it.
@Xscape:
It’s the time indeed but then the problem usually lies in NOT getting the first dollar but how to double that first dollar – consistently.
@Farrad:
Thanks, pal. Good to see ya here.
@Sophie:
Exactly, and the moaners keep “moooooooooaning” while the rich is getting richer by taking mooooooooooore action.
@Scott:
lets see who makes it big on the internet…
Obviously, YOU and ME and everyone else here…..:P. Yes? No?
@Tom
Life hasn’t been fair to me either, Tom but each of us deal with it differently.
Being rich isn’t a science. It can happen to you and me too. It all boils down to what you choose to do, how you do it and whom you are doing it with and a strong belief.
As in everything else, it takes time, effort and perseverance to achieve that degree great success
and internet marketing is not an exception.
^ Nice one. Great post!
Good post, and some excellent points. It’s true that surrounding yourself with successful people breeds success – and the opposite applies as well.
Another reason the rich get richer in a recession is that they have money to pick up the resulting bargains. For example, I know a number of properties which are about to be auctioned off as the owners can’t make the payments. Now if I had the money handy, I could probably buy those places at 70% of market value, sit on them for a couple of years, and make a killing.
Excellent point, Mike. Matter of fact, this is the perfect time to pick up some devalued stocks or assets for that matter. This is the real time when money is king. I bet the rich are laughing all the way to the bank right now.
Yan
PS: I only manage to “smile” to the bank….
Yan, you are right on target with this. I admire the rich who have earned it themselves. The rich are rich because they are providing people with what they want. I’m glad people can get rich because that is how all the do nothings have virtually everything they have. While the nine to fivers where sitting on their butts drinking beer, the rich were working their asses off. The rich are my heroes.
Thanks, Stephen. Do you know that the rich are working their asses off with beer too?
Yan
Money definately breeds money for a lot of reasons. Part of it is that it’s easier to build upon a base than to start from scratch. The foundation itself of wealth or success takes years. Not to mention, it’s possible to grow a nest-egg with compound interest as you use part of your fortune for investment in business or risky endeavors.
Hi Yan,
Very well put. The people that are successful are successful for a reason…they took risks and weren’t scared of failure. Nice article.
world isnt fair .however the words the rich getting richer is also not always the case,the world is changging the crisis has kill many rich into poor and I dont aggree my self that “we have No right to be rich” I think it depends on our confident with our dream and our own dedication to keep thinking the way out of stay just average people.
Lots of times it’s not so much about working harder, but more about working smarter. Find your niche and go after it. Thanks for the article.
Excellently put together.
Optimism breeds good disposition. Most rich people don’t thrive on negative thoughts. They work hard, think smart and believe in their capabilities.
PerfectMoney: We certainly have every right to be rich. It’s the question of we having what it takes to be one.
John,
Yeah, the rich work “less” harder and “more” smarter…..
Thanks, Darwin. You are absolutely right. The rich thrive on negativity. Something which is easier said than done. Well, if it’s easy, the poor will no longer be poor.
I love both this blog and Thou Shall Blog as well. This blog’s direct focus on everything money is incredible. Lots of fresh content routinely. Thanks!
This was an interesting post to read. But I can’t agree that there isn’t any luck and “being at a right place in a right time” involved. I believe the long arm of coincidence is present in all happenings in our lives. Though a hard work and risk taken are of course the major things involved in becoming rich from scratch
Best CSS Gallery. While there might not be luck, a lot of it is being at the right place at the right time. What separates the success stories from the failures is that the successes recognized that they were in the right place and took action to make it successful.
I’m talking to a buddy of mine that owns a few adult sites, but he decided to quit the industry. Now he started opening gaming sites and within 3 ones, about 3-5 of his sites are hitting 30,000 alexa daily due to all the funding he has.
-Mike
It’s correct! Its the way how rich people think about money. Dont work hard, but work smart. Dont work for money but get money work for you.