Wealth and the avenues of acquiring it is full of many definitions and assumptions.
For many, a given approach is golden while for others it is wrong.
From what successful men and woman of our time has said concerning wealth, here are a list of false assumptions about wealth: · Good job leads to wealth.
Employees are not counted among the wealthy in any nation.
They create and manage wealth for the entrepreneurs and capitalists.
Once they stop working, their earnings start to decline.
Only those who are investors can be OK but not wealthy.
· Saving money is golden.
Saving is golden but an un-invested savings is a waste.
Inflation eats it up and it becomes less useful.
Only saved money in an interest yielding business counts.
· Avoid debts.
Without debts businesses will have stunted growth.
As far as debts are concerned, there are good debts and bad debts.
Bad debts are debt spent on liabilities and frivolities, that brand of debt is not allowed.
Good debts are debts used as leverages in investments and asset acquisition.
It should be encouraged.
· Every investment must be secured.
This kind of investment is meant for every Tom Dick and Harry.
It has a low rate of returns attached to it and within reach easily.
Businesses that are common are easily spoilt.
Unsecured or naked ventures have better rate of returns.
The more the risk, the higher the income.
· Failures must be avoided and eradicated.
Many think that successful people make less mistakes, they are not wrong but they are not telling the whole truth.
They learnt from their various mistakes.
It is only in the classrooms that you have correct and wrong answers.
· Wealth is measured in cash and materials.
What a false notion.
Cash and material things are only but trappings of wealth.
Wealth resides in ideas.
With ideas, cash and materials could be generated as much as you desire.
Ideas cannot perish, cash and materials could be lost or damaged.
· The government is responsible to me.
Years ago it could be true, but today the government has opted out of many welfare packages.
The government is even waiting for you to start earning money so that you can pay them tax.
Nations are rich only when its citizens are enterprising.
· The rich are greedy and wicked.
They are not.
Could it be wrong to protect your wealth and earnings from predators who wants to have what they never worked for.
The world has turned totally capitalist.
It remains a free world where you ca get as much as you care for and protect it.
What is seen as wickedness is merely the smartness of the rich against the average personalities of the poor.
· It takes money to make money.
Making money is all about taking hold of opportunities and controlling resourced not personally owned.
Money making is an idea prone affair.
Ideas make money, money chase ideas and may not get it.