Everyone, whether poor or rich had equal access to cash. The difference between the rich and the poor is that while the former is SPREADING the cash the latter is SPENDING it.

You definitely know why the neighbor at next door is 'rich'. You may have been in more possession of cash than him before; it doesn't count!

According to Thomas Stanley and William Danko, the authors of the seminal tome on America's wealthy 'The Millionaire Next Door' (first published in 1996), "Wealth is what you accumulate, not what you spend"


Poor lads have failed in reality, only because they equate the cash on them to wealth.


In attempting to lace a wall of partition between CASH and WEALTH, veteran economists have said Wealth could assume many definitions.
A point of cohesion however is that 'wealth' is generally determined as the value of everything you own minus debts.

You can have whatever cash you momentarily need from wealth, but it does not necessarily mean that if you have some cash on you right now, you are wealthy; no!


WEALTH is a created network of belongings from business to properties, to streaming income platforms, to subordinates/apprentices, to tools and to realization of your goals. Wealth is gotten from using little available cash 'wisely'.

Income alone does not make one rich. It helps, of course, to build wealth, but the financially independent look to their salaries as a means to an end, which is that pile of cash.

"The wealthy don't spend their wealth on discretionary purchases," said Pam Danziger, founder of Unity Marketing, a consumer market-research firm specializing in luxury goods and experiences. "They get rich by maximizing the value of their investments."

That doesn't mean they don't pay big bucks for pretty shoes or outfits, but they must choose those items carefully so that they don't buy what they don't need basically.
"They truly evaluate the purchase as an investment, not an expense," Danziger said of wealth creators.

WEALTH IS BUILT with the spread of current cash on the establishment or expansion of other values that have potentials of bringing in more income.

For the average wage earner, of course, that's not always an option but it still holds this lesson: Don't look to debt to fund your lifestyle.

Most wealthy people use debt for investment purposes and are careful not to over-leverage themselves. "A prudent use of debt is an appropriate thing for anyone," Lassiter posited.


One will be astonished to read for the first time, one of the investor wits from Warren Buffet; "Don't save what is left after spending but spend what is left after saving!" Sounds witty?



Some run-in tips that can help you build wealth, if taken to account 'consciously':


Live below your means: People with high incomes who spend all that money are not rich; they're prodigals


Diversify: As Lassiter recommended, look for mutual funds that allow you exposure to asset classes that aren't related to each other


Spread cash around: When the wealthy withdraws some cash from an income source, he isn't comfortable with incurring more bills at the restaurants and boutiques, but is mind-running other business ideas the cash can bring to live


As we usurp this platform to announce that visionitesmagazine.com is back, we stand tall in our recommendation that you can build wealth starting today. Simply SPREAD the cash but don't SPEND the cash.

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You hit it right on the head.
this is a good one.
cheers

Do you want to know how to build long term wealth?

Good stuff. Leverage can help if u have little cash/income. Buy assets with leverage and pay the debt off with your salary (money meant to be saved) and cash flow from the assets.