Monday, November 13, 2006

9 most prevalent faulty assumptions about wealth

/Creating Wealth by Robert G Allen/



# 1
Having a job is good and leads ultimately to Wealth

“Wealth is when small efforts produce large results. Poverty is when large efforts produce small results.”

The answer is not to work harder, but to work smarter.
A job should be looked upon as a temporary inconvenience.

# 2
Saving your money is a good Investment

# 3
Debt is bad – Avoid it

You can never become wealthy without going into some form of investment.

# 4
Security is good

Risk is an essential part of progress.

# 5
Failure is bad

Failure is part of success.

# 6
Wealth is measured in material possessions

Broke is a temporary condition.Poor is a state of mind.

# 7
The government, my employer, or someone else is responsible for my financial well-being.

# 8
Acquiring wealth is a win-lose game.

# 9
It takes money to make money.