The Rich


One way to become rich is to emulate those among the rich who have been able to amass wealth and maintain it. Below are some of their common characteristics:

- the rich value profits above almost everything else
- the rich are always on the lookout for new opportunities including opportunities during declines
- every transaction/relationship must provide, lead to, or protect profits
-  the rich do not give anything for free
- the rich grow their businesses and investments
- the rich invests other people's money (opm) such as loans, largely in profitable businesses
- the rich invest opm in property, which appreciate in value over time and can be rented out to generate income
- the rich invests their wealth in assets that appreciate over time like gold, jewelry, art,  etc.
- the more they have the more opportunities are available to them to increase their wealth
- the rich have no loyalty
- the rich are not attached to their businesses and assets. They switch businesses and assets depending on which may be more profitable
- the rich buy low and sell high
- they source for the cheapest materials and labor, and implement the most efficient processes, to minimize cost.
- one way the rich minimize cost is to buy resource or investments from eager sellers
- the rich collaterize non-performing assets and invests the loan to generate returns
- the rich use leverage, leverage in the form of loans, other people's expertise (fund managers, investment bankers, lawyers, accountants, ceos), other people's labor, shares in other people's businesses
- by hiring people, the rich free themselves up to strategize/ look for other ways to grow their wealth 
- the rich use debt as leverage against their debtors
- they use debt for equity swaps
- the rich ingratiate themselves to those in power
- the rich have extensive networks
- the rich protect their business/investment interests
- the rich build and foster relationships that will increase and protect their wealth
- they do the aforementioned through patronage, marriage, partnerships and employment
- the rich buy out competitors
- the rich are not above using underhanded /unethical methods to acquire wealth
- the rich bribe those in power
-  the rich use those in power/governments to push forward/protect their business interests
- the rich try to corner the market
- the rich hedge their bets
- the rich do not put all their eggs in one basket






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