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Tuesday, 3 June 2014

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Why Being Rich Not Mean Being Successful.

6/03/2014 07:15:00 pm

The Rich May Cry Soon

Many are the friends of the rich, quite few or less do not wish to be attached to the poor. The widening gap between the rich and poor cannot be overemphasized. The difference is great and really deserves insight into the two rivals.

Being rich give the impression of affluence, wealth, and prestige, while these favours shower on the rich, one should not fail to realize the opposite.

Learn From The Past
In 1923 a group of our greatest leaders and richest held a meeting at the Edgewater Beach hotel in Chicago. Among them were Charles Schwab, head of largest independent steel company; Richard Whitney, president of the New York Stock Exchange; Arthur Cotton and Jesse Livermore, two of the biggest stock speculators; and Albert Fall, a member of President Harding’s Cabinet and a host of others . Twenty years later, 5 (five) of these rich men, Charles Schwab died broke and penniless after living for five years on borrowed money. Arthur Cotton died broke. Richard Whitney and Albert Fall were just released from prison. Jesse Livermore committed suicide.
If you traced the end of these men, you would remember the Great Depression and the market crash in 1929 which must have had a great impact on these men.

Facing Reality
Most people fail to realize that in life, it’s not how much money you make, it’s how much money you keep. We have all heard stories of lottery winners who became poor, then suddenly rich, then poor again. They win millions and are soon back to the grass.

I well know so many people who are becoming instant millionaires. It’s the Roaring '20s one more time. While it good news to hear people getting richer and richer, but in the long run, it’s not how much you keep, and how many generations you keep it. But it is YOU.

The Truth
Money is not real, in fact it’s a visitor that comes into your home and must leave. So have a balanced view of your riches, be flexible and keep an open mind and learn. Also, realize money cannot solve all problems, if you ever thought so, you are being misled.

Think not money but your brain power to create more investment and valuable treasures.

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