Achieve Financial Freedom
First Council to become a millionaire: No live like a millionaire
Warren Buffett says that in this life when you decide to start a plan to get rich so as to achieve financial freedom, there is an initial advice is the first step you should be very clear. In this life you can pretend to possess wealth or wealth, but both are totally incompatible.
Buffett says wealth appear to cost money that could take the opportunity to invest it, and that is why he has not spent on luxuries. We named Warren Buffett because it is the character of current fashion, as these assumptions remain the exclusive club of millionaires in the world.
Despite what we see in movies, the true millionaire does not drive a late model vehicle, as they are financially educated so they know that a luxury vehicle is a valuable asset that depreciates very profitable over time. Even as possessors of works of art, some do not even like art, but are aware that today, some works of art its value will rise well above inflation.
Another tip that gives us the big millionaires even jokingly is that if you want to be a millionaire once married a woman with saving more than you. Why is Donald Trump Forbes list of the 10 richest men in the world?
Simply because he had a “riot” loving and spending a fortune in divorce could have taken third world hunger. What our friend Robert Kiyosaki? Well Robert, I really do not want to be rich, but to achieve financial freedom, so it continues to receive income now profitable while he is traveling halfway around the world.
Rarely does a millionaire has a Rolex, and if so, generally has purchased 33% of the benefits it has brought some of its past investments.
33% say not by chance, but because it is a financial strategy followed by many of these millionaires, who, after a good investment, they take the benefits of the asset (only ever benefits and the total capital) and typically spend 33% to a new investment, another 33% to an account in order….. (another type of investment) and the remaining 33% is usually a prize have the luxury to pick up, but rarely do whims.
Even with donations of money, not lose them as a donation to a charitable cause is generally tax deductible up to 29% in income tax, so in some cases, they make money with this type of case, since the difference between what they should pay for assets and what they will liberalize their donation is usually a higher amount. However, these donations are appreciated as there are other forms of tax relief and thank God some of them use it.
In short and summarizing the message we want to launch, “are millionaires because they do not live like millionaires, even more work than the working class in an hour even though they generate more money than some people in a year.” That’s why we are what they are.
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Tags: Donald Trump, financially educated, investments, millionaire, Robert Kiyosaki, type of investment, Warren Buffett