An old saying goes, "You can't build wealth by buying things you don't need, with money you don't have, to impress people you don't like." So how do you build wealth? Read on...
There are basically only four roads to wealth: - You can marry it (don't laugh, some do); - You can inherit it (others do that); - You can get a windfall (from a lawsuit settlement, lottery, or some other unexpected good fortune); or - You can accumulate it. Most of us are stuck with option #4 -- accumulate it. To do so, you need to understand how to manage cash flow. First, look at your annual earnings and multiply that figure by your working years. Not counting inflation (that is, pay raises along the way), the result may total several million dollars. Whether you will have that several million dollars by retirement, though, depends on how you manage your cash flow - and how you answer the following questions: What do you need now, what do you want now, and what can you save and invest for the future? Here are ten time-tested rules that can weather the stormiest market cycles. *Click NEXT to read further...* *Photographs: *Illustration, Uttam Ghosh http://business.rediff.com/slide-show/2010/jan/29/slide-show-1-perfin-10-rules-for-building-wealth-through-good-times-and-bad.htm#contentTop -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
