There are so many millionaires that emerge daily, apart from the ones we read about in newspapers, there are others that are always very silent about their finances. The popular belief is that most millionaires have inherited some money from their parents and that is why they have become rich but research has shown us differently that 80% of the millionaires that exist today were able to make their money through hard work and it is only 20% of those millionaires that have their wealth inherited, I think this should totally eliminate the idea of staying poor just because you are from a poor background.
The financial path are in three major categories: The side walk, the slow lane and the fast lane.
The slow lane:
This lane is the typical lifestyle we have been taught in school and also by our parents, it is a scheme of making wealth at an old age. This method is a path where you have to graduate from school with a very good grade and hope that you get a good job and after getting a good job, you will begin to save a token of 10% from your salary so that by the time you retire, you will be able to have something to fall back on.
This financial path is one that has you give up your entire youthful lifestyle for the time when you are old and probably on a wheel chair without the opportunity to move around and your teeth might be too weak to eat the type of food you want to eat.
The side walk.
This is the path chosen by most popular artist and athletes, this is a path that involves making so much money at a point but going broke at the end of the day. The problem is that, these people are too carried away with living a lavish lifestyle that they fail to remember that other people may overtake them or they may grow old and become unable to show their skills any further and the moment this happens, the source of income stops immediately and most of them without savings totally go broke.
The fast lane.
The idea of fast lane is to provide value to people, it is giving up your time and effort to building a long term legacy and means of income. Using the idea of fast lane, you make more money by the number of more people you are able to affect positively and the way you are able to develop your brand.
Any of the financial paths can turn one into a millionaire at any point but the decision to use the money properly says a lot about how well the person will enjoy a life of fortune.
Posted Using LeoFinance
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