Sunday, September 19, 2010

How To Become Rich by Working Hard?

How To Become Rich By Working Hard?

Well, Of course it is the common belief among the people that they will become rich by working hard. Well, it is true that anyone can become rich by working hard but unfortunately, the rules of money have been changed now.

So the people who work hard to earn more money (Job, Second Job, Part Time, Over time) can’t become rich and financially free anymore. This is because the modern money is not backed by any gold. And that’s why whenever the government prints new money, it dilutes the purchasing power of your hard earned money by causing inflation. And that’s why trading your time to earn money (Job) won’t make you rich any more.

In fact, if you will work hard to earn more and more money than you will definitely remain middle class or even become poor. After 2007, The US Government has printed literally $ 1.2 Trillion ($ 1200 Billion) out of thin air and pushed it into the economy. Before that the US Monetary base (Money Supply) was just $ 800 Billion.

Right now most of this money is in the bank reserves but when it will enter into the circulation, it will dilute the purchasing power of the existing money in the circulation.

But Do You know that, the Rich also work hard to get rich but not for earning money but something else?

Well, Yes. Rich & Middle class both work hard to get rich. But the Middle class work hard to increase their income while the rich work hard to create and acquire assets and these assets ultimately generate passive income for that.

So once the rich acquire or create the asset (Businesses, Real Estate, Stocks, Bonds..etc..) , after that weather they work or not, the money will keep flowing into their bank accounts.

This is the advantage of having Financial Knowledge. The basic difference between the rich and everyone else is that, the rich think in different way about the money. The rich are more financially educated than everyone else.

If you want to become rich than Download my eBook – My Journey To Billionaire Club: What Rich Teach Their Kids about Money that Poor & Middle Class Don’t?

Don’t worry. The book is FREE for the readers of MJ2BC and you can download it right away by following the above link without any annoying registrations.

In my eBook, I have mentioned in very accurate and brief manner that which are the lessons about money that rich teach their kids but the poor and middle class don’t?

So Download my eBook and shoot up your Financial IQ right now.

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