hash out Raj =): Rich vs. Middle Class

Sunday, April 3, 2011

I was at a fair and picked up the following sharing from the speaker Dennis.

The rich don't ask 20 questions like a middle class when it comes to making an investment.
The rick asks 2 simple questions - (1) what is the upside? (2) What is the downside?
If the upside is about [ 4 multiply the downside ] they invest, if not they don’t.
The rich was once a disaster who learnt, of course unless he or she has silver spoon,
The middle class want to be debt free while the rich borrows to get richer.

According to Dennis, most rich people make stock and property investment.

Quotes

You are your thoughts.The thoughts in your head are what institute the laws of attraction. You think therefore you are. - Joe Vitalli, The Laws of Attraction
Don't react blatantly in Anger and become a Zero - Papati
Don't miss out in the learning values of problems by over-looking the root causes but starting at the occurences - Raj
You can do almost anything if you have a steady income. Little or much, what matters is that you can count it, month after month.Without the regular flow of funds, you will be constantly distracted from you goals - Norm & Bo
Time is greater than money, you can never really buy time. Don't let time slip away. - Raj
Ignore technology advancement and you will either be left behind or you have to fork out more - Raj
Without passion nothing happens in life but without compassion the wrong things happen - Jan Eliasson
The poorer you are the more you need to plan and act wisely. Any undesired outcome you have little resource to manoeuvre.
“Life changes when you least expect it to. The future is uncertain. So, seize this day, seize this moment, and make the most of it.”
To get to where you want to go in life you must start from where you are - Tan
Maturity does not come with age,it comes with the acceptance of responsibilities - Tan

hash out Raj =)