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Wealth File #15 Rich people have their money work hard for them. Poor people work hard for their money

Working hard is important, but working hard alone will never make you rich.

Rich people can spend their days playing and relaxing because they work smart. They understand and use leverage. They employ other people to work for them and their money to work for them.

You do have to work hard for money. For rich people, however, this is a temporary situation. For poor people, it's permanent.. Rich people understand that "you" have to work hard until your "money" works hard enough to take your place they understand  the more your money works, the less you will have to work.

To win the money game, the goal is to earn enough passive income to pay for your desired lifestyle. In short, you become financially free when your passive income exceeds your expenses.

Rich people think long-term. They balance their spending on enjoyment today with investing for freedom tomorrow. Poor people think short-term. They run their lives based on immediate gratifications.

To increase your wealth, you either have to earn more or live on less.

Rich people have a lot of money and spend a little, while poor people have a little more money and spend a lot.

Rich people see every dollar as a "seed" that can be planted to earn a hundred more dollars, whicch can then be replanted to earn a thousand more dollars.

The trick is to get educated. Learn about the investment world.

Poor people work hard and spend all their money, which results in their having to work hard forever. Rich people work hard, save, and then invest their money so they never have to work again.

Declaration "My money works hard for me and makes me more and more money."
Touch your head and say.. "I have a millionaire mind!"

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