From The Poor To The Rich &Nbsp; Reveal The Ten Secrets Of American Financial Management.

According to the statistical report released by the United States in March 2010, the family net assets of the United States (excluding self occupied housing value) in 2009 amounted to more than 1 million US dollars, a total of 7 million 800 thousand households, an increase of 16% over the 6 million 700 thousand households in 2008.

Meanwhile, in 2009, the number of households with a net family assets of over US $5 million in the US increased by 17% to 980 thousand in 2008.

Households with net family assets above $500 thousand are 12 million 700 thousand households.

According to the research, 75% of the rich in the United States started from scratch.

It can be said that in today's world, few people do not want to be rich, but the end result is that the poor are always more than the rich.

There must be some difference between the poor and the rich, or else there will be no explanation for why some people will become rich, and some people are still living a life of poverty in their whole life.

People do not necessarily have to be lucky to become rich. They do not necessarily rely on extreme diligence to work. They do not even have to get a university diploma.

From the path of the rich, we can see that if you want to be rich or successful, what you need most is a wise mind and a wise mind that will make people form good habits, which will lead to financial adequacy and enable people to live a life of their own.

Of course, what we call the rich is not the world's top rich such as Bill Gate. If it is a rich person according to the US $1 million family net assets, it should be a desirable and accessible goal for many people.

David King, a famous American financial expert, thinks that there are two big differences between the rich and the poor in managing money, which will have a profound impact on whether people can get rich.

First, how to manage money.

The management of money for the rich is for efficiency.

The rich have obvious common ground in financial management, that is, consumption can not exceed revenue, and the accumulated money should be invested.

If a person can manage his money effectively, save and invest effectively, his wealth will increase a bit, and those who are good at managing money will eventually be richer than those who are not good at managing money.

Second, the poor make money mainly for consumption, while the rich make most of their investments.

The rich will use money as capital to invest in value-added projects such as real estate, gold or other valuable assets.

Poor people regard money as a means of consumption. They often spend money on depreciated items, such as cars and televisions.

From an economic point of view, the biggest difference between the rich and the poor is that they are much richer than the poor.

They were asked the secret of getting rich, but their answer was very simple. They were mostly smart investments, hard work and frugality.

The American media has compiled ten secrets of wealth management for some millionaires' success stories. Although these secrets do not seem to be surprising, the profound truth contained in them is worth thinking about.

Secret number one: frugal day

"7 years to make 7 million" blog blogger Carter Wood struggled desperately to save money and save money in the technology industry's own portal.

This year, 49 year old, he said, many people rely too much on credit card lending when they are young, and the result is that they can't save money by borrowing and saving.

He thinks that if people want to live a rich life, they should not buy anything when they are young, and let themselves be manipulated by the satisfaction of material desires.

If you can develop good financial habits early in life, if you earn money in your pocket, you will become a millionaire.

Tip two: have confidence in yourself.

Cory, the author of "earning 1 million before he was 30 years old", read almost all the biographies and autobiographies of the millionaires found in the market, and inspired them to invest in real estate, so that he did not become a millionaire at the age of 30.

Cory said that he sought the common characteristics of these rich people in their careers by reading books, so that they could help themselves choose the best way to get rich.

Finally, he found that almost all the rich people share a common feature, that is, they have incredible self-confidence and believe that they can achieve great financial success.

This discovery really helped him, so that he could achieve millionaire dreams in his grades.

Tip three: list details for dreams.

Smith, a blogger columnist of the rich neighbor, thinks that if you want to become a millionaire, you must have such a dream. If you do not have such a dream yourself, the dream of millionaire is really a dream.

But just saying "I want to be rich" is a space hole. It's best to imagine in detail what life is like when you are a millionaire.

For example, if you have 2 million yuan to invest, then you will be able to live a good life just by investing in the proceeds.

So you can quit your job, volunteer, travel, learn tennis and draw, and have a picnic with your family on the beach.

Smith's dream of a millionaire is completely independent of his financial condition before he has children. He can live well without working.

Smith cut out the picture she wanted most to go to, or the picture she wanted most to do, put it clearly in front of her desk, reminded herself to strive to achieve her dream, and finally Smith realized her dream.

A survey shows that although the United States is the largest millionaire in the world, most Americans do not want to be rich. They are very satisfied with a well-off life.

Therefore, in the United States, some people may have the conditions to become rich, but eventually lose the chance with the rich, which is related to people's mentality.

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Tip four: buy insurance to protect property

Many people go bankrupt, often because of divorce, family members' death, disability or family members' inability to work. Some people pay high compensation fees for the fall of a gathering of guests at home.

Conversely, insurance for these unforeseen accidents can protect their wealth.

Wildt, the "millionaire" writer and famous financial columnist, points out that many people buy insurance that is not enough for their needs, or they do not need to buy insurance, which are not enough to understand the role of insurance and insurance.

In the United States, if the housing price is higher, the insurance company will advise the owner to purchase millions of parachute risks. The greatest advantage of this insurance is that if an outsider has an accident in the private residential area of the owner, the insurance company can bear the relevant compensation fees.

Some cases in the United States show that even if a friend is having a party or a party, the owner of the house is legally responsible for all the guests. Once the wrestling and collision accidents cause bodily harm, the owner of the house needs compensation.

Tip five: hard work

Many people think that most of the rich are lucky.

But billionaire trump believes that his success is not a matter of luck in his new book like "trump". Trump believes that the most basic reason for his success is nothing else but hard work.

He said that diligence brings good luck, because hard work will probably lead to success, and then people think that good luck brings success.

Even so, it is because you are lucky enough to be smart enough to know that you have to work hard.

The same idea was advocated by Benjamin Fran in eighteenth Century. He once said that the harder I work, the better my luck.

Tip six: practice budget.

Smith keeps accounts every month. She also suggests that people practice this way, and list their spending details every month.

In addition, she also believes that maintaining a good credit score can help millions of savings families, because good credit scores can save money for themselves in many ways, and the money saved in a lifetime will reach tens of thousands of dollars.

Secret seven: follow your footsteps.

Financial work may bring a high salary, but if you don't like it, you may not be able to achieve a great sense of achievement.

So Cory advises people to do what they want to do.

Look at what books, magazines or information you like to spend most of your time reading at work, which may be something you really love and deserve to be considered in the relevant workplace.

For example, you like to read fashion magazines very much. Engaging in fashion related work may bring you opportunities for development.

Sometimes a job may not be very attractive even if the salary is not enough, but as long as you really like it, you may have extraordinary performance and become a person.

Tip eight: decide how much money you need.

Most people only say they want to be millionaires, but for many people, 1 million dollars is not enough.

Especially for young people under 40 years old, with inflation, when they are 65 years old, 1 million yuan is not enough for a comfortable life.

So it's best to be specific about what you want to do, including what kind of house you want to live, what kind of trip you are going to take, how much you pay for your home loan, what kind of university you want to go to, and so on, and figure out a number that will help you achieve your goals.

What I am talking about here is actually setting up a financial goal, and then decomposing the goals that we pursue and achieve in life, and gradually make our dreams come true.

In real life, many people lack a life's financial stability plan or goal, often one day is a day, can have a house to live, three meals constantly even life.

Tip nine: reverse investment

Cory suggested that investment should be reversed with most people.

If stocks are going down badly, many people will sell desperately. If they dare to bargain, they will probably have a bumper harvest after a year or so.

Such investment laws are not limited to the stock market as well.

The courage to buy a house at a low price and sublet it out may have great rewards in the future.

Cory talked about an investment strategy, and for many people, the key is to form the concept of investment.

Chinese people have the concept of saving, but the concept of investment is still full.

Investment is not necessarily to invest in real estate, stock and securities, such as retirement fund is also a good investment direction.

Financial experts in the United States suggest that people take a certain proportion of their income from their work to invest in retirement funds. When they work 40 years to retire, the amount of effective retirement funds can be more than 1 million dollars.

Tip ten: live within your means.

Even the big stars such as Amy are very careful and don't want to spend money.

Once, Eminem saw a watch he liked very much, and it was worth 15000 dollars. He wanted to buy it.

But he later thought that he should keep the money because he didn't want to spend all his money, but instead wanted to have money to send his daughter to college.

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