Teaching children money is very important

Man’s path to success begins in the era of accountability and continues daily until the end of life. Once a child is wise enough to demand any money given to him as “my money”; this child is ready for financial literacy lessons.

Currently, there is an economic quagmire in many countries. This could have been greatly minimized if it had not been completely eliminated. How could the current economic hardship have been avoided? Answer: When today’s leaders, as schoolchildren, were taught the basic principles of creating wealth and existence. It saddens me how nations that possess great human and natural resources do so badly.

The same phenomenon applies to the children of wealthy parents, at least most of them. Studies show that a high percentage, reaching 90%) of children of wealthy people, does not turn out to be rich in life. At best, they just earn enough to make a living. This is because they have never learned to earn, save and use money properly. They were not taught or disciplined how to operate the basic laws of wealth creation.

Unfortunately, most schools do not teach financial literacy; it is not at all part of the school curriculum. As parents, rich or poor, we all passionately desire better living standards than ever before for our children. Parents fight to ensure that their offspring do not live a life of hardship and poverty that they themselves have had to endure.

Yes, it is quite difficult to teach young children the concept of money management, but they need to know the basic skills associated with money, and learn it NOW.

There are people who believe that children have nothing to do with money; but the truth is that habits are formed from early childhood. It is these habits that we teach our children that they will grow and live. So many adults today are hard to save because they have never been taught the habit of saving money and using it wisely.

Let’s help our children and our future; let’s tackle the elimination of financial illiteracy. Let us work together to create nations that will live in peace with each other because everyone is comfortable. Starting with one child, your child, we can turn the economies of our countries for the better. YES, we can!

Why investment is important

Over the years, investment has become increasingly important as the future of social security payments becomes unknown.

People want to insure their future, and they know that when they depend on social security benefits and, in some cases, on retirement plans, they will have a rough awakening when they can no longer make a steady income. Investment is a response to the uncertainty of the future.

You may have been saving money in a savings account with low interest rates for years. Now you want to see money grow faster. Maybe you’ve inherited money or realized some other case and you need a way to make that money grow. Again, investing is the answer.

Investing is also a way to achieve the right things, such as a new home, college education for children, or expensive “toys”. Of course, your financial goals will determine what type of investment you make.

If you want or need to make a lot of money fast, you will be more interested in investing with more risk, which will give you a higher return in less time. If you are saving on something in the distant future, such as retirement, you want to make safer investments that grow over a longer period of time.

The overall goal of investing is to create wealth and security over a period of time. It’s important to remember that you won’t always be able to make a profit … eventually you will want to retire.

You also can’t count on the Social Security system to do what you expect. As we saw with Enron, you also may not necessarily depend on your company’s retirement plan. So, again, investing is the key to insuring your own financial future, but you need to make smart investments!

Many people like to rely on 401K plans and other investments to replenish their retirement savings. This is a good practice, because after 2029 there may be no social security. It is not too early to start investing in stocks and bonds on your own. However, it is very important to talk to a qualified financial advisor before spending money.

So contact a financial advisor, such as a qualified stock broker, and discuss your financial future with them.

Is financial freedom just a dream or a step?

Almost all of us go to work every day and perform the same procedure over and over again. We work so hard until we get back to business for years. With the salary we get every day, we try to pay all the bills. We always expect to get a higher salary, promotion or our business works better so we can make more money. But we don’t realize that by getting more income, we also spend more money on our own needs. After working two, five or even ten years, we just realize we’ve gotten into a rat race of our financial problems.

So being financially free for us is just a dream, we don’t think it’s possible. We have already thought that after 40 years of work we will retire, and after that we will start to enjoy life. I don’t want to do that.

What if you can get financial freedom in less than 40 years? What if I can show you how to get to financial freedom in 5 years? Wouldn’t you be interested?

There are couples to achieve financial freedom.

First, you need to make up your mind properly. Your mind is what you are. You heard the old adage “You’re who you think you are.” This is true if you think you will always be poor, then you will always be poor. If you think you have lost, you will always be a loser. If you think you are low, you will always be low. Do you understand what I mean? If you don’t want to change your mind positively, you won’t be able to get your dream, which is financially free. You need to believe in yourself and think that it is possible for you to achieve financial freedom. With such thinking you will gain different strengths in yourself and relationships that will guide you until you reach your goal.

Second, if you have a smart mood, you will have to change the bad habit. If you don’t have money, don’t spend it! In our society today, a new habit that did not exist centuries ago. We can spend your money before you make money! Correct; I’m talking about a credit card. If possible, reduce all unused credit cards. We will be able to easily catch this financial mouse trap when all credit cards are lying on our desks. We need to be disciplined by keeping only one or two credit cards, which we often use only for emergencies.

If you use your credit card, enter it in your current budget, not in the future. A lot of people fall into the trap because they use their credit card depending on their “future” budget.

For example, Bob just got a raise this week, and his salary will be boosted next month. He was so happy about it and then he spends his future salary with a credit card. This is a mistake we often make. In short, don’t spend it until you have it in your pocket.

Third, don’t put money in the bank for too long. We often forget that if we put money in the bank, the value of money will decrease so quickly. The interest rate given by the bank is much lower than the annual inflation rate. We should always treat our money wisely. The bank doesn’t care about our money; in fact they made the most profit from our money.

We need to find the perfect investment. I suggest you contact your financial advisor and ask his best opinion. They will look for your needs and can give you an investment that fits your needs.

Fourth, if we really want to be financially free, we need to make a passive income. There are several ways to generate passive income. First we can create our own company that can work without us. So in a word, you can create a system that can work for you. It doesn’t have to be big; you can start it with a small company such as a grocery store. The most important of these is that you need to set up a system that works without you.

Another way to make a passive income is through franchising. Franchising in our time has increased tremendously over the last few years. This industry gives the owner the ability to adapt a system that has already been created and tested. If you don’t want to create your own system, you can buy a franchise and run it.

Last but not least you can always join network marketing. Network marketing is very smart for people who don’t have a lot of capital. Starting your own business or franchising can cost you a fortune, but network marketing usually costs very little. You can always find a good network marketing company and support the company for 5 years. There you can learn how to build your network and achieve financial freedom.

These are steps for couples that you can follow to achieve financial freedom. Every journey starts with a small step. This way, you can start your own path to your financial freedom by starting it with a small step. Don’t waste time because time is so precious that we can’t turn back time. Hopefully this whole article will help you understand that everyone needs financial freedom before catching a routine for years to come.

Don’t fall for dishonest deals

Everyone needs money. Most people are concerned with creating wealth, but it seems like everyone wants YOUR money. Many have responded to advertising to make money online or in various other ways. By submitting information, you get on someone’s list and are likely to be overwhelmed by email daily using a program.

There must be some actual money makers working for people and some people have become super rich using them. However, there are also many scams when people try to “steal” your money. Some may even think they are doing something legitimate, but usually they are mostly trying to lay out their own pockets.

This is an actual letter received recently.

Hello. Do you want to earn $ 5,000 in the next 30 minutes? Seriously, you read that correctly. How about 15,000 in one day? Congratulations! You are selected for private access to THIS.

Then there was a link that was supposed to provide immediate deposits after activation. Who wouldn’t want to make $ 5,000 in the next 30 minutes for virtually doing nothing? It states that you can easily earn $ 15,000 or even $ 20,000 over the next five days. Does it sound too good to be true? Of course there is. Quite certainly, this is probably a scam that is trying to get people’s money. Usually these programs definitely won’t work and they are just a way to try to get money.

Another email, which is probably a scam, is below:

Yesterday at midnight the door was closed, which could be the greatest opportunity for profit ever offered to our readers … But you are lucky – because those who missed, make us open it again. A fair warning though … if you miss THIS chance to increase your money every day (or more), it’s not our fault — it’s yours. Check it out and join NOW.

Here is another suspicious letter:

There is one more step left and you can collect a commission deposit of $ 15,000.00. Approve your deposit HERE. Once you approve it, it will take 2-3 days to transfer your personal account …

Oh, if that were true and you could believe what you read. You need to do some research before sending money to those people who ask you to try a deal. There are so many dishonest people who think only of themselves.

During World War II, the Japanese American people, who lived on the west coast of the continental United States, were forced to leave their homes and imprisoned in camps in uninhabited areas of the country. They have lost their livelihoods and most of their savings. They were in a desperate state. They learned about the value of money and the difficulties of not being able to make money. Many people were affected. However, they could learn from experience that money is not easy to get and that their earnings often require hard work.

People who have suffered financial hardship, such as Japanese Americans, tend to be more cautious about parting with their money. They need to take more care of fraud and cheat money.

There are many people in the world who have struggled with finances and are looking for a way to earn extra money. While some want to find a “quick get rich” scheme, most want an honest way to make money. Finding a legitimate opportunity other than a regular job is not as easy as some think.

To find what works, you need hard work and dedication. Not giving in to scams and broken schemes can be a problem. Examine the situation and try to find the opinion of others about it before parting with your hard-earned money. Don’t believe everything you hear or read. Take proper care to make sure you don’t lose money unnecessarily. Don’t succumb to dishonest deals and scams.

You need more income

The presidential election is over and I can tell you now. President-elect Donald Trump is not going to save you. You will need more income. Senator Hillary Clinton also couldn’t save your finances. True, the middle class is dead. The dream of finding a good job, buying a house, a car and saving to go to greener pastures is an illusion.

Don’t believe me. See all fast food, safety and customer service jobs. Not enough work. Jobs are everywhere if you want to work for a minimum wage or a little higher. Unemployment is falling every year since the last recession. Americans are afraid because they live on wages. They are indebted to the eyeball. One failure and they can be ruined financially.

Don’t think the middle class is dead. Will the next POTUS bring back the revival of the middle class? Heck, it’s been declining for over 30 years. Think. If you make $ 100,000 in places like Los Angeles, New York, San Francisco or Chicago, you’re fighting. Especially if you have student loans, mortgages and huge credit card debt.

The journey is broken

Go to work, get paid, and then barley get to the next salary. Then use credit cards, payday loans or equity lines to bridge the gap until you are paid again. This is a journey broken. The vicious circle that covers most American homes today. People are not moving forward. You can blame the economy, greedy corporations or bad trade deals. After all, why you’re spoiled is because of YOU.

Until you generate more income, the cycle of debt and insufficient money will be repeated. Income is the king of financial security. Here people fail. They do not create more profit. Of course, cost reductions and a monthly cash flow plan can help you in financing. But until you increase that income line … you will struggle.

Get another job

The fastest way to get more income is to get a second job. Yes, there are several jobs depending on where you live. Pizza delivery, security guards, fast food workers and other minimum wage opportunities. I didn’t say I was creating a new career, but said I would work second.

Getting a second job is the easiest way to change your financial future. No, it’s not permanent. This is a direct income, and if you manage your money properly, you will be able to be financially secure in a couple of years. It takes work and discipline. Now that you have family obligations that don’t allow you to get a second job, you need to find other ways to earn an income.

Sell ​​your bullshit

Yes, I called it nonsense. If you pay a monthly storage fee, you can’t park the car in the garage (the garage is designed to keep your car from storing things), or you will still encounter things in your home after cleaning. Then you need to sell that crap. Keep the yard selling. Get rid of it and create money. Put it on eBay or other sites. Clean the cutter and fatten the purse.

Side fuss

With Uber and Lyft you will be able to unleash the sides. Keep your full job and do these independent side contractors. Choose your watch. Work as hard as you can. Don’t like to ride? Find something flexible and increase your score.

Business owner

This is the hardest way to get more income. But it will give wealth if you succeed. If you are not impressed by the spirit of the entrepreneur, find another job. Can you turn your hobby into an empire? Maybe? Understand that to make more money in business you need sales. Sales are the lifeblood of all businesses. No sales, no success.

Generate more revenue

I’ve given you a few ways to make more money. Make a short-term and long-term plan. The middle class is dead. Your financial future is in your hands. More flows will help you survive the middle class crisis.

Why gold – insurance during the crisis

Gold has been a part of human history since the beginning. For centuries from the pharaohs to the kings gold was associated with prestige, power, wealth and freedom. If you know little about this yellow precious metal, reading this information will be a great place for you.

So why do I say that gold is insurance during a crisis? Well, before we begin to understand this, I have a question for you; have you ever owned an insurance policy? If not, I imagine at least you’ve heard of insurance and have a basic idea of ​​what it is. If you don’t, Investopedia, one of the best online financial education resources, defines insurance as: “a contract provided by a policy in which an individual or entity receives financial protection or compensation from an insurance company. Insurance policies are accustomed. hedge against the risk of financial loss. “Okay, so YES there was insurance jargon. To make it easier to understand, I’ll give you a breakdown of my non-professional’s term; insurance is just a promise to protect something in case of some form as a brief remark if you want to know more about some basic insurance products that are valuable and important, read my article “4 Pillars of Protection: Products to Consider in Your Insurance Portfolio”.

However, let me explain why gold is insurance in times of crisis.

As of this writing, our world is experiencing a global pandemic called Coronavirus disease either COVID-19. This stopped almost all regular daily activities, leaving a large number of the population of North America and the world disabled and limited to self-isolation at home. When I first received the news of this disease, it was in late December 2019. At the time, one ounce of gold was approximately $ 1,515. Then, a few short months after the virus accelerated around the world, the price of gold peaked at $ 1,700 in March 2020, and then at the time of writing returned to about $ 1,650. It is uncommon for gold to moderately dance up and down in the short term, however the long-term trend has always been upward.

I’ve often told customers that insurance is what you get, but hopefully you’ll never need it. Well, gold is always good to have, because in times of crisis people who have gold can liquidate part of their gold assets to get their hands on some money. And this is the reason why gold is an insurance not only during a crisis but also over time.

Let me explain what I mean by an inflation-based example. Using an American inflation calculator, I determined that what would have cost $ 288.50 in 2000 is now worth $ 433.38, bringing inflation to 50.2%. This means that your money has lost more than fifty percent of its purchasing power because now you need MORE than your dollars to buy the same thing! Conversely, at the beginning of the same year on January 3, 2000, an ounce of gold was valued at the same $ 288.50, but on the first trading day of this year (January 6, 2020) the same ounce of gold was valued at $ 1,558.00. !! * If you knew the power of this yellow metal and just “parked” $ 288.50 per ounce of gold over this 20-year period, the value of your asset would increase by 440.03%! Inflation is a slow and gradual increase over time, so a lot of people don’t realize losses, but now that you KNOW the numbers, you don’t need to be a mathematician to conclude that growth of 440.03% is better than a loss of 50, 2%.

So, if you had to choose savings, which would you prefer: cash or gold? The point is this: if you save gold, you are protecting your future purchasing power in the future, but if you are saving cash, your purchasing power is constantly leaking and waging a losing battle against inflation.

If you still haven’t saved gold, be sure it’s not too late to start and still not lost. The good news is that you now know. And you may have heard the saying that KNOWLEDGE is POWER. Well, I believe that the application of knowledge is a force, because if you know something but do nothing, what is the use of simple knowledge? If you want to start applying your knowledge, check out my FREE report, “The truth about money – 3 key facts you may not know!” and continue your path to knowledge and application. To get it now, click here!

You a "The investor feels good"?

This is not bad. Feel -Good investors buy stocks because they feel good either in the stocks or in the companies that issued them.

Investors who feel good are driven by emotion, not some financial acumen.

This is not a bad way to choose stocks. It may not be optimal, and may not be the most profitable, but it’s not a bad way.

Let me tell you about an experiment conducted a few years ago.

A group of researchers wanted to know how random the stock is actually.

They “ordered” the monkey to throw the darts into the stock page.

They then followed the companies that were “chosen” by the monkey.

After tracking randomly selected companies throughout the year, they concluded that companies that selected monkeys had better results than the S&P 500!

It’s a really scary thought: pick a random pack of stocks and you can beat the market!

Which shows that the market as a whole can be seen as a random collection of random events.

Our challenge: “How to profit from those seemingly random events?”

Accompanying task – “When to sell?”

You don’t make money if you don’t sell stocks. Simply keeping a growing stock can make your net worth look good on paper, but you can’t take that paper to the grocery store and buy dinner!

Only if you sell. Or if you collect dividends from these stocks.

Now we have two tasks:

  1. What stocks to buy?

  2. When to sell these shares?

Another general rule: “Don’t plan to keep these stocks forever.” Nothing lasts forever. All you can do is maximize profits.

Another thing: the stock market is now supported and controlled by investors of institutions that control billions of dollars of shares.

You can’t beat them.

But you can make a profit from them.

Can I tell you a little story?

For several years I tried to “break the table” behind tree tables in Las Vegas. But I had very little money and even less knowledge. I noticed that one player had a very large stack of very large chips. And he kept increasing his horde. So I started imitating his “bidding”. When he put the chips in position, so did I. When he raised his position, so did I. And I started accumulating chips. Having no vague idea of ​​what I was doing, I was actually making money!

Then, thinking I knew something about shit, I moved to another table and you guessed it, put everything back in my casino pocket, plus a few more!

Morality? Don’t try to guess the experts. But you can make a profit by following them.

This leads to my first observation about the stock market: because of the “Lucky Beginner” phenomenon, amateurs can work better than the average individual investor.

As your knowledge grows, your unreasonable confidence also increases, and you can quickly find yourself [hindsight] terrible decisions. Until you become as savvy as an institutional investor, you may fail.

Even professionals are constantly failing. See how many “professional” hedge fund managers don’t work. See how many stock traders have lost their collective rears.

And on the other hand, look at how many multibillion-dollar homes were saved because they were “too big to fail”.

So, my advice to you: create a set of trading rules that will suit you. Follow them religiously until they start letting you down. Make adjustments as needed.

Properly chosen rules of trade do not fail: the principles are universal, but they must be carefully followed.

My personal trading rules are very simple:

  1. Select shares that pay dividends, according to a set of fixed parameters.

  2. Establish “selling” rules according to strict parameters.

  3. Set strike-stop orders to protect your profits.

  4. Remove emotions from your trades as much as possible. Never fall in love with stock.

Do my rules apply to me? Yes. My goal is to achieve a monthly dividend income of $ 2,500 before taxes in less than ten years. In just five years of trading, I have achieved a monthly dividend income of $ 1,800. I am on goal to achieve my goal.

My starting dividend position five years ago was just $ 208 a month.

Because you benefit from my mistakes, you can easily achieve greater returns!

4 single errors 401 thousand that can lead you to trouble

“Mistakes are portals of discoveries.” ~ James Joyce

Mistakes are undoubtedly true precursors to great discoveries, and mistakes indicate that you are trying to improve your life. However, some mistakes are more expensive than others. For example, releasing a product that has not received the required traction increases your training, but a financial mistake that can impose severe penalties and destroy your financial resources is expensive.

One such costly mistake in the financial life of Solo 401k retirement plan owners is to engage in prohibited transactions. With a core clientele involving small business owners and self-employed professionals, we hold events, discuss the responsibilities of plan owners and the latest rules to follow. Our team decided to take a look at some of the most common mistakes Solo 401k retirement plan owners make.

What are the prohibited transactions in the Solo 401k retirement plan?

In the case of the Solo 401k pension plan, none of the regulations, including the Pension Income Security Act (ERISA) or the Internal Income Code (IRC), defines eligible transactions for the plan. Instead, they discuss who or what is prohibited from investing, and these transactions in the Solo 401k plan are called prohibited.

One of the common features of a prohibited transaction is the participation of a disqualified person. Simply put, a disqualified person is either the owner, or service provider, or beneficiary of the Solo 401k plan, or certain family members of those parties. The main reason for describing prohibited transactions is to ensure that this retirement tool is not used for the personal benefit of the plan owner.

Sale, lease or exchange of property for a disqualified person

4975 (c) (1) (A): Direct or indirect sale, trade or lease of property between a Solo 401k plan and a “disqualified person”.

The tax office allows you to invest in real estate, but it is important that these transactions are carried out at arm’s length, which means that the owner of the plan or another disqualified person should not receive personal benefits from the plan. Let’s look at a few examples of prohibited transactions.

  • Nathan uses his Solo 401k fund to buy property owned by his father.

  • Amanda is selling the property she owns, according to the Solo 401k plan.

  • Mark rents his son property belonging to his Solo 401k plan.

  • Joe uses his personal funds to pay for the closing costs associated with his Solo 401k real estate investment plan.

In each of these examples, a disqualified person is present, including the owner of the plan, or their descendants or ancestors. The IRS prohibits any such transactions that directly or indirectly involve a disqualified person.

Loan money or credit to a disqualified person

4975 (c) (1) (B): Direct or indirect borrowing of money or other loan extension between a Solo 401k plan and a “disqualified person”.

Under the rules of the Tax Code, a Solo 401k plan that lends money or any other form of credit to a disqualified person is considered a prohibited transaction. Some examples of such operations are given below.

  • Judy offers a personal mortgage guarantee to purchase a residential property in her Solo 401k plan.

  • Martha lends her husband $ 30,000 from the Solo 401k plan.

  • Mitchell acquires a credit card for his Solo 401k bank account.

  • Jason borrows a loan from a company that is controlled and owned by his father.

Exchange of goods, services or facilities with a disqualified person

4975 (c) (1) (C): The direct or indirect provision of goods, services or facilities between a Solo 401k plan and a “disqualified person”.

Current IRC guidelines prohibit Solo 401k plans from receiving any services from a disqualified person. It can be something simple, like painting a house, to address basic design issues. Some examples of such prohibited transactions are mentioned below.

  • Ron acquires the property using his Solo 401k, and fixes it himself.

  • Sally hires her father to manage the property belonging to her Solo 401k plan.

  • Tiffany prepares an investment plan for her Solo 401k and receives compensation for it.

  • Doug acts as a real estate agent for the property acquired by his Solo 401k.

Transfer of income or property to a disqualified person

4975 (c) (1) (D): Direct or indirect transfer to a “disqualified person” of income or assets of the Solo 401 (k) plan.

Assets or profits earned by investing in the Solo 401k plan should not benefit disqualified individuals directly or indirectly. Some examples of such prohibited transactions are discussed below.

  • Merisa uses $ 10,000 from solo 401,000 bucks to pay off personal debt.

  • Harry lives in a house owned by his Solo 401k plan.

  • Steve contributes the proceeds from the lease of the Solo 401k property to his personal bank account.

  • Rob borrows money from his Solo 401k company he runs.

The Solo 401k plan can accelerate retirement savings and help you quickly build a significant nest; however as a sponsor / trustee of the plan you are required to ensure compliance of the plan with the law. Never hesitate to seek professional help, especially when it comes to something as important as retirement planning.

Private notes for you?

The financial community has gone through quite difficult times over the past few years, and many traditional lenders find excuses to NOT be able to lend. Often they try to make a deal on paper A at rates B or C, and if the principles agree, they make a deal. The terms offered by the lender are often much lower than what they have historically been. This means that the lender offers a 10% interest rate where a 6% rate was previously offered, or offers to finance 70% of a purchase where 90% was previously financed. You’ve probably heard of this in the news when good reputable buyers can’t get bank loans for either business, or homes, or cars, or anything. Financial markets are limited. However, people still need money to buy houses, cars and items for their business, so they turned to the private market to meet their financial needs. Even in the best of times 90% of all financing for the sale of a small business was sold to repay the financing.

After creating these notes or paper, the recipient (usually the seller) receives monthly payments, including the principal amount and interest on the amount they financed for the buyer or payer. Because these banknote owners are individuals rather than financial institutions, there is a limit to how much of their capital they can bind in these financial instruments. They often need to free up this money and sell the bills so that they can make other transactions or buy other equipment, cars or houses, etc. They need a buyer to pay them the balance of the amounts they still owe, or as close as possible. if possible. Typically, these buyers of this article demand greater returns on their investments than institutional financial companies require.

As an example, if the preferred mortgage rate of the FNMA on the first mortgage is 5%, set for 30 years, a private investor may demand and receive 10% return on invested capital. Since the note is created and the terms of the note (interest rate, term, etc.) are set, it cannot be changed. The way an investor in a bill gets 10% return on 5% of the paper is a discount. This means that the buyer of the bills will pay only, say, $ 80,000 for the remaining balance of $ 100,000. This is a difference of $ 20,000 or 20%. This difference is a discount. There is nothing magical in these 20% and it fluctuates up and down depending on many variables in the transaction such as: type of collateral, interest rate, remaining term, owner or not, payment history, buyer / payer profile, etc. it is safest and best to have a subscription to all these variables or due diligence as it is called by a professional firm.

Thanks for your time

TJ Stewart, founder and CEO

3 ways a teenager can acquire wealth and maintain financial stability

A person’s success can be recognized as a legitimate way to get useful things. It can be the result of effort and self-determination. For some people it is different because they believe that success comes from the approval of the Supreme Being. Wealth can sometimes be described simply as the ability of a person to satisfy his desires without restriction.

Millions of people living in the world today believe that they can achieve their goals, and what matters is do they really work for a sustainable goal?

Perhaps about 5% of the people in this world acquire wealth to maintain and secure their demands at all times. They are known to be the most influential people in the world. Their achievements may not really depend on difficulties, but simply as a result of self-determination to provide services to the general public.

In this article, we offer three (3) ways to acquire sustainable wealth according to people’s future desires. However, these methods are classified between three groups, namely inventors, investors and salary groups.

Group of Inventors: This group can be found among popular artists such as celebrities, actors, musicians and inventors. Usually they work on a passion that later leads them to fame that attracts for them wealth. Sometimes their wealth is not significant due to improper management. The reason is that most people in this group are teenagers who do not believe in finding a job. It is easy for them to aspire to their hobby, but a lack of knowledge in the managerial aspect will eventually lead them to financial instability.

Salary Salary Group: These people work on agreed terms and conditions for their employers. If they meet the requirements of the job, they are paid for a particular job. As a public worker or private sector, they depend on a monthly, weekly or daily salary, which often limits their desire.

Adolescents in this group sometimes find it difficult to meet their urgent needs, as they end up looking for leverage, loans and mortgages, leading to debt. In most cases, they are in a cage for a period of time to achieve their long-term desires. Only 30% of people in this group are amplified to create for themselves other sources of income.

Investor Group: This set of people believes that day-to-day operations in the world depend on business transactions and risks.

However, not many of them succeed. Only a few who believe that risk is a companion in every scale of business relationships.

This group of people invests with a minimum rate and gradually reaches a higher level of wealth. They focus on a long-term goal that brings huge and sustainable wealth than other groups above. They are the owners and employers of the people who make a fortune for them on a daily basis.

Achieving wealth depends on the diversity of the group you choose to belong to. Any of these groups may eventually lead you to wealth, but understanding the future requires wisdom and understanding.