I can tell you one thing my friend that after a level the additional
Quite simply, yes. I wouldn't call myself wealthy, but I definitely have no attention span when it comes to cars. I've had plenty of crazy cars, and after a while, the novelty wears off and I trade them or sell them. I personally, don't identify with any
I think that largely depends on the individual. There are a number of wealthy people who have written books on wealth, mentored people, supported businesses, etc. Some people (like myself) like to help other succeed, which is why I write on Quora. I spent years as a Paramedic working with the urban
They do have credit cards but they don't actually use them, at least not frequently.Ultra wealthy people do not travel or go out alone, even on a date. Nearly all of them would go out with at least an assistant/secretary and a couple of body guards. These entourage would pay for whatever the boss buys, unless the purchase
I'm not sure if wealthy people use MORE credit, they just use the credit more wisely.Wealthy people borrow when they need as opposed to borrowing when they want.They borrow to invest. They buy things that create additional income. They borrow $300,000 or a million or two for a property. The property produces rental income that is
I'm turning 28 this year.I thought I'd never become a millionaire by the age of 30. But I guess I'm closer to it than ever.I created a highly profitable business in 2017 and this year we're looking to clear closer to 250k. By my prediction, in 2 years, we're going to hit a million.You might
Wealth: nearly everyone wants it, but few people actually know what they need to do in order to get it. Becoming rich takes a combination of luck, skill, and patience. To get rich, you'll need to set yourself on a path that leads to a monetarily enriching career, then handle the money you
So I got notified on Quora I had a request that asked
My boss in a small company rose to be very wealthy. That said his wife was old money. She was commercially minded but he was more driven and pragmatic. She was more generous in time and philanthropic. They were a husband and wife team. He always wanted to do deals He was a big company person before
I made $15m in my mid-20s after I sold a tech startup. I talked to a lot of people about this question, and thought a lot about how to stay the same person I was before and after making money.Here's my answer: being rich is
No, but do you know why you want to be rich and what you'll do if you ‘make it?'Here's why it needs good consideration...!A homeless man was lying outside our offices for 3 straight days, he hadn't moved at all. He was surrounded in his own waste, vomit and empty booze bottles. The
The following is a true story a friend of mine told me just last night. Amanda works as a waitress at a restaurant. She is one of the most outgoing people I have ever met. She has a regular customer, a Harvard student,
(Obviously it's different intelligence but) in your opinion who is smarter the millionaire or the person with a PhD?
Generally speaking, the people with Ph.D.s have a fairly high IQ. Their mean has been estimated as being around 125 or around the top 5%. Its an endeavor that tends to be more natural and attractive for the very intelligent than
In general people shouldn't flaunt their wealth, it's tacky, and the people you draw won't be interested in you. There is also no way for a date to learn your net worth unless you tell them, or they read your financial statements. Having a big house, nice car and expensive everything could indicate that you are
You should not feel of an achievement in life your life as something you should feel shame of.I think you are surrounded my a lot of have nots who always blame the haves for their misery.One day I went to collect rent from my property.I went in the room and saw a
I can only weigh in here based on what I would do. And that would be to bring my savings up to $1,000 as fast as possible and keep that safe as a little emergency fund. Then I'd throw everything I had at my credit card debts and try and
Wealth for the few is a world theft to be condemned. Rather than fighting poverty, would it not be better to fight against the greedy and insatiable voracity of those who accumulate things and for them to make sense of their lives?
Nicola, you are not going to change the mindset of those with money with no real guidelines..rather promote the reasoning and actions of the wealthy individuals that do and have done. While you may not either care or trust their reasons for donation..nevertheless, this 1%
I was poor and now I'm in top1% earners in my country, so I probably am competent to answer this question.Poor people don't think about future, they are fully concerned about the current moment. They have not experienced financial security don't know how to achieve it. They know very well what
Hmm, well having grown up in a wealthy town in Southern California.. I can tell you, it isn't necessarily what they eat or do.. It is more that they have the luxury of building their lives around healthy habits.In wealthy culture, looks are paramount. Because of the abundance of finances,
Health (noun): Health is a state of complete physical, mental and social well-being and not merely the absence of disease or infirmity. This is the definition Provided by WHO in its preamble.I will let you in on my own experience. As a child I was
From my observations of wealthy friends... It makes for some awkward social situations.1) People hit you up for money all the time. Your immediate family, your extended family, your distant family, friends, acquaintances, even random strangers... Everywhere you
I'd like to answer this anonymously...because I also realize that it's not the nicest thing to tell others of being wealthy since not everyone is as fortunate. But I'd love to share my story, since this is an interesting question.My first realization was in my teens (16 or 17) - a bit late, I
Which countries have the highest standard of living? Standard of living refers to the rank of getting pleasure for everyday life in luxury and extravagance by an individual or a society. There are certain factors to consider supporting the rankings to find out the answer. Highest standard of living can be measured thru the country's level
They are not afraid of failure, or rather, they don't let that fear incapacitate and hinder them. I read an article a few years ago about the youngest person to make a billion dollars, as of that time. Basically, it said that this young woman in her mid twenties
The Kardashians. Yes, the father, a well-known lawyer, worked hard - and dropped dead. But as for the rest of them, I don't even think they have college degrees. They are good at selling their personal absurdity.But you're asking for billionaires - billionaires are actually
Around the world there are a myriad of reasons why most people don't have the right conditions to become rich, but I will address a population that absolutely has the opportunity to become rich but aren't.I am speaking of my friends and peers-well educated working professionals often with double incomes and one
Let me provide an example, you're going out for the day and you hop in your car, you do the regular checks, but alas, your gas tank has almost bottomed out, you know you have to get gas soon (no one wants to
Money is not an end in and of itself, it is a means to an end. A tool if you will.When people don't understand about the dynamics of money and wealth, they want more money so that they can buy more stuff or travel more
It comes down to mentality and financial education - the rich spend their money on assets, the poor spend their money on liabilities.Let me explain what I mean. If my business consistently pays me, say, $100k a month, I could easily go out and buy a really big house, a couple of
I did not research that deeply but I can give personal examples - I have had 4 Doctors friends in my entire life - while I had tens of Programmers friends... and still have.None of my programmers friends came even close to making as much money as any of
The big "fast food chains" are cheap but also unhealthy, this is where most of the people are eating. If you want fresh, bio, unprocessed etc. food you need to pay a little bit more (at least in EU). So they afford to eat more healthy more often. In order for you to be
A2A. Oh boy well you've tapped into a major positive prejudice in U.S. culture...the belief that wealth reflects some special quality in a person. Which is of course hardly ever true.In my experience, rich people are usually substantially dumber than poor people - or eventually become that way. Of course there are different
The short answer: no. The long answer: nooooo.On the surface its an easy question to answer: a quick trip to the foundation's website (Frequently Asked Questions) makes it clear that the Clintons (Bill, Chelsea, AND Hillary) do not take salary at all from
How are busy doctors able to maintain their own health? What happens when they suspect a fault in their own health?
Doctors are often the worst patients... .. Quite frankly with all the symptoms of patients they deal with, their own maladies and ordeals are lost or drowned and postponed for anothe day .there is another angle as well .. knowing about diseases and complications they fear the worst and that makes
Their tax returns are a matter of public record. In them you'll find that Mr. Clinton receives a Presidential pension, royalties from books, and speaking fees. Mrs. Clinton received salaries as a Senator and Secretary of State, royalties from books, and later, speaking fees. As well as some hit or miss investing.Much of their income
Don't let Mr. Clay Anderson see this question!! :)This is one of the most common misconceptions about astronaut life.Here is the thing: They get to exit earth's atmosphere and join an exclusive club with less than 1000 members, and help space exploration from the driver's seat. Yeah, you'd think
Before anything else, let me quote a line from a book by Peter Thiel - Zero to One.The next Bill Gates won't reinvent a better Operating System, The next Mark Zuckerberg won't reinvent a better Facebook.Hi,Glad you asked.
What makes you think wealthy people keep working? Turning $100 into $200 takes a lot of hard work, whereas $100 million turns into $200 million with very little effort at all! The real wealth accumulates all by itself. If you inherit a good portion of it, you may never really hold a
lmfao, allow ME and my skinny self to answer that question;food is expensive man. And, when you're stuffing your morbidly obese face with fried bone-in chicken drumsticks dipped in sour cream, it adds up.By finding satisfaction in not eating, and, in fact, starving, you stretch out your money so it stays in your
I realize wanting wealth is a nearly universal human desire, but the chances of you getting rich is 3 months is unfortunately pretty non-existent. As the old saying goes, you can make a small fortune in a short time, but only if you started with a big one. I appreciate the A2A, but if I knew,
Are any millionaires actually self-made? If so, please name one who didn't have some connection to capital/connections to help fund their idea.
Well nobody is literally 100% self-made. Everybody relies on others to a certain extent. Buffett once admitted that being American (or being from another developed country) has contributed to his success as much as his compound interest strategy.But on the latter point, many people in developed, and
It is just that grass is greener on other side of fence, they also have same problems rather more problem than rich one, only difference is that poor search for happiness in whatever they are able to get.There is a strong correlation between
Are the super-rich driven by greed or insecurity? Is the real reason they continue with the pursuit of mega-wealth more to do with trying to live up to the Jones' than with greed?
With money comes great power. With great power comes great responsibility.When people become rich they tend to feel responsible. It is neither greed nor insecurity that drives rich people to become more richer.What would you do if you get so much money? If you have the potential to make money then you
Yes and yes to your question. Millionaires are no different than most other people. In fact, most people can achieve millionaire status within their lifetime if they really put their mind to it. We started early working hard and it paid off later in life. I have many friends who live in mansions and estates like mine
At what point of wealth accumulation is your duty to change the world for the better?Different people have different opinions.Ethically, I (and most people) would understand that you never have a duty to worry about changing the world. You don't have a duty to take any
Absolutely. But you do have fewer options for achieving this goal. I knew someone of average to low intelligence who was a carpenter and if you couple such a profession with savvy real estate investment, you are at a significant advantage to those without
Absolutely yes. Surprisingly it is true in most cases.No one has idea of total life of a person. We see what is visible, frankly no one knows what a person goes through behind the curtains.Rich appear to be happy definitely because they don't have food,
It doesn't take much to become a millionaire regardless of job. It takes discipline. Save and invest money prudently.However, if a doctor doesn't check his taxes, his debt and liabilities, he or she can easily never be a millionaire despite making all that income. A
I am going to give you pretty decent advice. Think LONG-TERM.- Having a job is a great way to start making some cash flow, but you should use it to actually start a business. A job isn't scalable. You only have 24 hours in a day, and you're not even going to work more than 12 hours in a
It is the exact opposite. Wealth creates wealth.I recently came across a wonderful story. It is the story of a man named Earl Crawly.Mr. Crawly has for 44 years been working at a parking lot. His salary? $12/hour.This is what many would call a
Hi, I am 21 years old investment freak and investing since i was 19 years old.Here are list of the things that a young investor should do in order to get sufficient wealth at the time he/she is 50.Now lets us assume you make an SIP of Rs 5000/ mnth. Let your
I was homeless and had 3k to my name , 2 years later I had $1m , simple rule:Make a rich person richer and take your cutThats all you have to doIn response to the message of how I did it:First of all I am dyslexic
I went from being the babysitter's daughter to millionaire by 28. Here's how I got financially wealthy:#1. My parents imbued in me a great work ethic and provided me access to a great education.As someone who grew up on donated clothing, lived humbly as the
I worked my butt off daily, I woke up early and went to bed late. I never stopped pushing myself even when I fell on my face. Find something you love and enjoy and then use that to help others.That all depends on what you want to do. There are tons of ways to do it but the
Alot of patience and investing. Getting married doubled our income and living simply tripled our capital investment capability. Planning works and nothing is as sexy as a wife that is a bigger tightwad than I am. When you argue exspenses about true value ketchup verses Heinz or hunts you know you have a woman.
There is a huge myth amongst programmers that one needs to develop a kickass platform like Facebook or some fancy game like Pokemon Go to strike it rich,In the past few years I came across multiple developers who were trying to build the
There is not one single generic way that rich people live, in fact, rich people as a demographic are just as varied as non-rich people are. However, one of the few common-threads among nearly all rich people, is that they want other people to respect their privacy - and for good
Successful people from Warren Buffett to Bill Gates spend their free time the same wayOne question has fascinated me my entire adult life: What causes some people to become world-class leaders, performers, and change makers, while most others plateau?I've explored the answer to this question by reading thousands of biographies, academic studies, and books across dozens of disciplines. Over
Unlike most people think, wealth is not created by saving money. And it is not created by working hard either.Wealth is generated as a result of creating incremental value.* You can work hard and do what you are told to do and do it better than others. At best you make a lot of money
Like how you would with millions, hundreds, tens or a single cent. Never lose it. With a larger size however comes a greater responsibility to invest with greater prudence and a "focus" to add value and do better. With 1 billion, its easy to say whats a loss of 1 million, chum change. However with
By any reasonable standard I would be considered
The few ultra-wealthy people I know got to their position in life...and their wealth...by serving the needs of other people for decades in ways valuable to them, inspiring confidence in other people to invest along with them (used other people's money, thus multiplying their
To be really honest, it is difficult. Depending on where you are in the world, in veers between challenging to almost impossible. To gain wealth from poverty, there have to certain qualities that you must possess. I am not saying that you need absolutely every one of them, but it helps
When has the number of dollars in someone else's pocket ever prevented wealth from occurring in someone else's pocket? If you were a gambler and someone said Jeff bezos or Sears and roebuck who would you have bet on? IBM or Microsoft? Google or yahoo? Facebook or my space? Ford or
For starters the term
How old are you and what is your net worth? Also, what is your educational background and what sort of a job do you do? Do you enjoy your work?
I'm going anonymous for privacy reasons, I'm 26 years old working for one of the big 3 Auto makers. I have a bachelors and a masters of mechanical engineering, working on applying for a top 10 MBA program. My current net worth is close to $250k.I immigrated to the US with my family 13 years ago with damn
According to Forbes his current properties estimate at 4.5 billion dollars (source ), which is actually down this year. According to Trump, however, Forbes would be wrong. He claims he is worth more than $10 billion.The main source come through properties, clothing and the Trump Organization. Fast forward to mid June of 2016 and
Think of it this way. Look at America. Land of the credit card and debit card. Calculate the post tax income. Something like 50% of those will spend from just a bit more than that amount to a whole lot more than that
No.Colonialism is shameful. This has been done by people in the past, and I assume you had no role in it, as you weren't born.People are justly unhappy and looking for explanations as to why they are poor. You are not the
Trump built a business empire and won the presidency proclaiming himself a self-made billionaire, and he has long insisted that his father, the legendary New York City builder Fred C. Trump, provided almost no financial help.
Not absolutely. I've had wealthy patients who had poor oral health because they put little importance on it. I've had poor patients with good oral health because they made it a priority to take care of their oral health to avoid costly dental procedures.But from a population-level perspective, the most dental disease is concentrated in vulnerable populations who
No. Rich single women are greedy and hide away once they get success and money. You can't find them.It's possible. Very possible. But you gotta pull some Batman level detective work and probably invest a few thousand dollars just to try. At the minimum. Not to mention acting classes.
Question: Is it unethical to accumulate unnecessary wealth?Answer: I am not a big fan of Ayn Rand, but in this matter she said a profound thing:Do you accumulate wealth by cheating, robbing, stealing from others?Or do you accumulate wealth by providing unto others important goods and services which
If I'm asked this question about money i have a list to maintain for the answer that are the most important things than money to have in life.1. My parents - I have the best parents in the world who never
You should not feel of an achievement in life your life as something you should feel shame of.I think you are surrounded my a lot of have nots who always blame the haves for their misery.One day I went to collect rent from my property.I went in the room and saw a 64" television,I
Wealth for the few is a world theft to be condemned. Rather than fighting poverty, would it not be better to fight against the greedy and insatiable voracity of those who accumulate things and for them to make sense of their lives?
The world generates $80.5 trillion per year in wealth. Discounted over a human life at prime rates this is worth $4 quadrillion dollars. This is a present value of $525,000 per person $2.1 million for a family of four. At present there is $240
People have many misconceptions about wealth so here are misconceptions in the form of advice -1- You don't need big capital to start making wealth.You already have skills; use them.Most tech giants started from a garage or their home.Hell, you can sell
If they flaunt it, they may come across as obnoxious.They don't want people to try to be friends with them only to try to use them for financial gain.They might not be hiding it but simply have no interest in expensive cars, custom tailored clothing or anything ostentatious.They don't want
You all have one question in your mind that Why is RICH getting Richer and POOR getting Poorer and what is the Big difference between Rich and poor people ?Here are the 3 lessons from Robert Kiyosaki's book RICH Dad Poor Dad.1. Take different
I once gave a pep talk to my interns. 8 of the 11 came from Ivy League universities. Being old and wealthy, I felt qualified to pontificate. One asked: Are there ways to become rich that definitely work over time? I replied: Yes! There is
The answer depends on a lot of factors such as market conditions and your skills, training, salary requirements and other capital resources. For example, a guy with $1000 and guy with $1000 plus a car have very different prospects - though depending on where you're located and other factors, the difference might be negligible. Similarly, $1000 in the
What do you think of the idea to take 10% of the wealth of the billionaires in America and spend it on education and healthcare for the poorest 10% of Americans?
I agree in principle that if all of America's billionaires had 10% less money, and this money was able to improve education and healthcare for less affluent Americans, the wealthy people would be just as happy, and the less affluent would be much happier.On the other hand, I don't believe the right way to accomplish this is to
I came from a lower middle class family for the most part of my childhood. I don't have to elaborate what life was like being poor. You weren't able to buy things you wanted while all other people were spending money as if they grew on trees. Girls would likewise be hesitant to date you since they'd be
I can't tell you from personal experience, but I can tell you from some people I've coached. For one, many well known people are often not half as "rich" as people think - well, not compared to many guys in business. They have staff they have to pay, and while they
COPIED AND PASTED FROM ONE OF MY ANSWERS ON A SIMILAR QUESTION.From a witness' perspective, it just allows for more freedom on a day to day basis. My father retired in 2016 after making roughly $800,000-$2,000,000 almost every month from 2010–2014 in the mortgage
The most useful definition of net worth you'll ever hear in less than 10 words:How much you have minus how much you oweA fancy term for
I dated this rich guy once. He had a nice sleek car, BMW sports, wore a gold rolex, ate dinners at restaurants every single day and was the owner/CEO of a couple IT firms and always always wore designer clothing
The majority of the super rich do not view themselves as beyond the possibility of poverty. People wonder why some people seem obsessed with wealth creation. Ultra wealthy folks see it as thier passion to pursue greater capabilities to impact others for the good. A sense of responsibility for those less fortunate
I don't think there is any secret. Get quick quick doesn't work, compared to get rich slow. I think the only time get rich quick works, without taking a huge gamble, is when somebody has the courage to take the leap in business.What do I mean
Health is wealthIn order to understand the phrase health is wealth we must put some thought on the individual meaning and importance of both words. What is health? According to dictionary a word to word meaning of health is fitness of body or mind and freedom from
The rich are not scared of inflation. Their portfolios make 10–18% a year. What the wealthy are scared of is ignorance. They know that a socialist/communist government can come into power in any country and decimate their wealth. That's why they diversify. Also
That's a little like asking whether food or water is more important. Without either one, you die. The only criterion you could use to decide which is more
Not to sound cliché, but as a famous artist once said,
You've no doubt heard the saying "money doesn't buy happiness."It's very likely you heard it from your parents, grandparents, or some family member.Even more likely, the person who shared that message with you was probably poor or struggling financially in life.The problem with that message is it's not true.Let's look
If we were measuring Bruce Wayne's wealth at its peak against Oliver Queen's wealth at its peak, there's no definite answer. Comic books are generally vague with their numbers, so as to prevent inconsistencies. However, generally speaking? I'd say Bruce Wayne.Let's take the current comics, for example:In Tom King's run of Batman, Bruce Wayne's company is thriving.
We see you rolling your eyes right now. But it's true: Being rich isn't all wine and roses. Lazy kids, needy friends, constant lawsuit threats and other concerns plague wealthy people on the regular. Here are the top reasons being rich is harder than it looks - straight from the mouths of people
Back in the college, there was a guy who used to say that good/bad grades don't affect him and he is not motivated by getting good grades, until one day he got 3 grade A out of 6 subjects in one semester. Not
I don't really know how to answer this.Money although is not the prime objective for being fit, it can contribute in a way that you can eat nutritious food or buy some fitness equipment or fitness supplementBeing rich can even afford to have a personal fitness trainer.Money gives joy and adds to mental peace. As I always say,
I think their attraction to cycling is partly the fact that cycling is highly competitive, and it is an expensive sport requiring a substantial investment of cash. It is not unusual for serious cyclists to sport the very best components on the very latest in carbon-fiber frames, while
Fear. Fear of the unknown. Fear of pain. Fear of and a lack of trust in the dentist as a gentle and ethical restorer of their oral health, teeth, gums, bite, and smile to the most optimal and ideal conditions possible.Backwards view of the benefits of preventive care. Lack of vision that brushing and flossing for 5 minutes after