Mike
Carruthers:
Most millionaires, you've never heard of…
Brett Wilder:
They're people who accumulate money very quietly. You hear about
Bill Gates and Warren Buffet and Donald Trump but you don't
hear about the thousands of people who know what needs to be
done to make themselves financially independent.
Financial adviser
Brett Wilder, author of the book
The Quiet Millionaire, says there are three things you have
to do to become wealthy.
And the first
thing is to define specifically your destination. What are your
specific goals and objectives? And most people don't really
think this through and set it down specifically. And the next
thing you need to do is comprehensively plan how you're going
to reach that destination. And number three, you've got to monitor
your progress along the way. They're the three key ingredients
to having financial success.
When you get
clear and specific about your goals and how you plan to achieve
them, you begin to realize how important it is to save and invest.
The savings rate
for Americans is zero, on average. And you go abroad, for example
the Far East - in China they save thirty percent of what they
earn so they've got a savings mentality.
If you do the
three things that Brett recommends you'll also find that …
…things present
themselves. You really do open up opportunities that if you
were shut down would not present themselves.
You can link
to Brett's website
from ours: somethingyoushouldknow.net
I'm Mike Carruthers and that's Something You Should Know.
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