If you’ve got it flaunt it! That’s the mantra that surrounds much of western society. Whether it is appearance, ability or assets – many people live to flaunt it! Especially when it comes to assets; many people spend more than they should and it costs them. They really don’t have the wealth they need or should have for the long term. So what’s the secret to having wealth? Most people want the short, easy answer. They don’t want to read a book, attend a class, or take the time to learn the power of good habits.
I hope that’s not you! Invest in learning. There is a secret to getting rich. It’s very simple. It’s so simple almost no one does it. It’s also kind of obvious. Chances are you’ve heard the answer before.
As a luxury homebuilder, I observed something very odd. People buying million dollar homes often didn’t have much wealth – they just had large incomes.
They pulled into the sales office in a luxury automobile and coveted the appearance of wealth. But wealth is much different than income. Wealth is what you accumulate, not what you spend. (Remember my Italian mentor from my first job….. )
Have you dreamed of owning a nicer home? We all love things of beauty. I made my living in the housing industry by identifying a profitable niche. I loved building big, great quality, beautiful homes and neighborhoods. They were my art. However, there is a balance in being able to afford things in the short term and being able to accumulate wealth in the long term.