Showing posts with label wealth. Show all posts
Showing posts with label wealth. Show all posts

Monday, 24 September 2012

Getting Momentum on Your Side

Get Started

If you want to roll a snowball downhill, it just requires a few simple steps. First, you get started. Nothing happens until you get started. Then you roll a piddly little snowball and push it. It gets bigger. You push it again. It gets bigger still. You repeat this sequence until suddenly the snowball is big enough to benefit from its own momentum and it starts rolling and getting bigger by itself. That's how success works in real life, too. Let me explain with a little history about the New ETR.

Craig Ballantyne

Whatever is in your way, you're stronger than it, you're tougher than it, and you're better than it. You're going to beat it.

Monday, 30 January 2012

..The secrets to a millionaire's success

There's no real practical reason to ask "who wants to be a millionaire?" because the only people who won't put their hand up are religious types who've taken vows of poverty and those who are already multi-millionaires. Unfortunately, there's a big gulf between those who want it and those who do the things to make it happen. 

Based on recent statistics on UK household income, millionaire-dom is not something that's going to happen for most people, even with the dubious benefits of inflation. An adult earning the median level of income (£26,200 a year in 2011) and saving an impressive 20% of that would need almost 200 years to save £1 million (excluding taxes and investment gains). It's pretty clear, then, that a would-be millionaire has to think outside the boundaries of "median" experience.

Start a business


There are certainly people who can become millionaires by working for other people, but this is not an especially good route to choose. The trouble with trying to become a millionaire by working for other people is that there are always other people siphoning off the value of whatever you produce. Say you're a hotshot salesman – although you're going to get your cut, a lot of the value you create is going to get split among a broader pool of workers, managers and the owner(s) of the business.

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