Wealth Inequality is not all due to corruption and bad policies
Wealth inequality in our country is heart wrenching. Look at the chart from visualcpaitalist.com.
When this data is compared in 2013 dollars:
- Lower class is poorer by 5%
- Working class is poorer by 7%
- Middle class is poorer by 1%
- Top 1% is richer by whooping off-the-chart 9%!
Why is this? Is it because all rich people are crooks who exploit everyone else? Is it because of corruption in Washington? There is some truth to that. But maybe, just maybe, is it possible that it is also because rich know how to make best use of their time? Could it also be because they don’t sit and watch Netflix, instead read books? Is it possible that rich have better habits?
88% of Rich devote 30 minutes each day to Self-education. How about you?
Below is a list of top habits of rich. Do you think you would be wealthier, healthier, and happier if you had these habits?
88% of the rich devote 30 minutes or more each day to self-education or self-improvement.
76% of the rich aerobically exercise for 30 minutes or more, every day.
92% of rich say good luck had nothing at all to do with their wealth. They just never gave up.
88% of millionaires believe relationships are critical to financial success.
94% of wealthy individuals read current events every day.
88% of the rich people say that saving money was incredibly important to their success.
93% of the self-made millionaires attributed their wealth to their mentors’ help.
86% of wealthy, successful people associate with other success-minded people.
79% of the rich read educational, career-related material.
Source: Stockstotrade.com
In other words, while it may be right to blame others for our problems, how many of us keep our end of the bargain?
Simple step you can take TODAY for better Mindset
Wealth creation is as much about right mindset as it is about personal finance. That’s why in my content I not just talk about Passive Real Estate investing, I also talk about necessary mindset.
P.S. High-paid professionals are always wondering where to invest their savings. They don’t want to take more risk with stocks because they already have lot of money invested in stock market. Not knowing where to invest, they end up with lazy money sitting in bank.
At Wealthy Together we help high-paid professionals grow wealth by teaching Passive Real Estate Investing. Sign up for FREE E-Mail Education Series and make more money with less risk.