Ryan Ho's Entrepreneurship Blog

The main difference that differentiate the rich from the poor is the way they handle  secrets.

The rich succeed as they know clearly and surely how to keep their lips sealed, and hold onto the confidential information that they know should not be shared or passed around even to their closest next of kin when profits, integrity, reputation is at stake.

By keeping the information to themselves, execute the instructions, get some results first before they filter and share the secret with only individuals who deserve to get a slice of the pie in exchange for something of similar if not better future prospects.

The key point here to note is, information exchange, helping each other to grow richer based on core expertise guidance in respective markets to grow their wealth both ways, thus creating multiple streams of income by letting the experts handle it, and does it without any questions nor doubts.

The poor continuous fail due to the very different approach of how they handle private details that should not be disclosed at any point nor to anybody. They trade in the information in exchange for fake friendship who are just like leaches sucking the blood and taking a free ride without any intention to provide any benefit to the provider.

When information is concerned, the less people knowing it, the better, so there’s more to earn, and the less hands it passed, the more accurate it is, as it reduce the changes of it being misinterpreted. When there are discussions, secrets turn into news, and soon after it becomes a gossip and turns into speculations, and eventually becomes a bet in a form of gambling. Without any form of proper knowledge of handling money, they than blame their inability to control money and push the blame onto the person giving the ‘secret’ to them, and asking them to compensate for their losses, and keep quiet if they do make a profit from their friends.

The difference that makes the poor poorer, is also due to diluted profit sharing, the more the share, the less they get. The more they share, wrong information get passed around, and it may affect the market patterns when it stocks market is concern. They refuse to return anything nor share any other profitable revenues in return, nor do they have anything to offer in return, thus they can never ever grow their money.

Money multiplies in the form of growth, it takes the correct first step to repeat the second step and grow the amount over time with due diligence and not negligence that cause greed, laziness to do homework and depend of quick tips and bet their whole fortune and pay a heavy price of loss and the bitter taste of failure.

The best part of secrecy is that until you earn the rights, it is extremely difficult if not impossible to succeed without any guidance. Start off by learning how to keep information secret to yourself first.

The most important point to note to succeed and make it big in life (shortest possible way) is to pay your way into the secrets. This is the identical strategy adopted by even large companies where they acquire smaller companies just so to get their hands on the trade secrets.

The thumb of rule to success are as follows:

If you got no money, earn it, than spend wisely.

If you got money, buy information and get others to work for you.

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There are over six billions of people all over the world in different countries who wants to be successful and get rich, never to worry about their three meals a day for themselves and their family at least, but majority of the population all failed in achieving what they wanted.

The picture speaks for itself, as poor individuals dream and think about getting rich and successful, their first obstacle is always about money, and money woes such as loans, repayments, mortgage, forced liquidation issues surface shortly after and the business venture, or project faces lack of funds and folds itself.

There are some basic money management principles that at least eighty-percent of the individuals do not even understand, thus they always take a fall and get in a much worse condition than they had started.

Below are some simple principles that majority purposely turn their backs to, refusing to accept facts thus they never get rich permanently.

1. Money is nothing, it is just a tool. (Do not ever fall in love with money)

2. Money cannot buy relationships, creditability, trustworthiness, reputation, bonding, respect and happiness. These are intangible assets that money can never buy. (If you ever ignore this, you will never succeed)

3. Money cannot guarantee anyone success, but it sure can guarantee failures if not managed properly, just turn to annual business bankruptcy statistics if you ever need one.

4. Money management skills must be learned and put to the right use, thus allowing the person to grow and multiply wealth buckets of money positively. You do not need even a diploma, just a simple basic accounting or financial knowledge from O levels, if not minimally always ensure there are more profits than the amount of losses (expenses incurred). Such is the success formula at its simplest understanding.

5. Money is nothing more than an indicator of an individual if they are doing the correct things when it comes to money management. Business entities, top Forbes billionaires like Warren Buffett, Bill Gates gives money away to charity but find that they can never ever give out the money they have. That is a reflection of individuals doing the right things, and we should follow such examples so we can one day be like them.

6. Money is nothing more than a catalyst to speed up certain relationships and foster good relationship, with time, building trust, creditability, reputation based on the networks, connections of influential individuals and business partners to get things done right, smoothly and faster than the others. The first person or entity who correctly completes the task gets the reward.

7. Money is just a result, and consequence of doing all the right things, like having the right formula by mixing the right ingredients in a laboratory to come up with a specific predicted result.

8. To make money, it is always about the process, and not the results.

The rich and successful individuals, businesses always focus and are willing to recruit talents who have failed multiple times, people with such experience have the answers to the right formula, the results of a certain position in any particular niche reflects the truth, and that is why talents are always in demand, something that is always in with limited supply thus high demand as they have already found a proven formula that works and it is what companies and wealthy individuals are after theoretically speaking, and they are successful only because they question every single detail no matter how small and harmless if may appear on the surface. It is only after they have acquired the best talents than only can they talk and ask for results that they hire for high pay.

The poor on the other hand focus only on the results and not on the process, thus it puts them at a huge disadvantage. Because such individuals and entities never know what are the tested, proven formula, they just grab anything and everything that helps them even if it is against the law, that is why scams are everywhere, and many individuals never question how the money is made, so they care only about the immediate gains and not at the long term perspective, which is what the successful individuals are after. That’s why the Madoff investment scandal affected many large successful enterprises too as well.

Stick to the eight principles of basic money management and you will find the path towards making money and multiplying your buckets of wealth with ease.

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Everything that we do on a daily basis carries a certain amount of risk regardless of it being big or small, it is unavoidable.

As we eat, sleep, exercise, we are at risk of falling down with potential bone fractures based on age differences.

In school, relationship and in business, the risk is somewhat different.

At school, those who failed in getting good results are being looked down and sent to under performing schools with lower expectations and chance of getting higher salary as compared to those with higher qualifications.

In relationship, it depends on how a person conducts him or herself, if he/she fails to behave properly, news gossips will spread and before you know it, you might be the talk of the day and perhaps being figured on the news for unwanted reasons.

In business, it is more much, as there is a saying, no risk no gain, everything that involves business carries different scale of risk of loss of investment due to reach individual’s risk appetite, but those are limited to only traditional business.

Information and internet technology based business online carries little if not zero risk and thus are excellent for new business starters who wants to learn how to do business without carrying any risk. Majority of such businesses all comes with 30 if not 60 days money back guarantee, and that is considered quite common now a days, and is considered a industry practice.

It is only financially smart to get involved in businesses with zero risk with higher chances of profits. Such opportunities are better than direct selling as recommend by many well known business investors and owners. It may sound like too good to be true, but it is considered a common business practice in internet business niche.

There is a saying in investing: The higher the risk, the higher the returns. For business, it is “The lowest the risk, the higher the returns” That is why most successful business owners and investors have their own strategies on greatly minimizing risk to the lowest as compared to ordinary civilians who knows little to nothing about risk management.

The rich success comes for the correct application of knowledge while the poor remains poor if not poorer due to lack of financial knowledge nor do they seek any professional help to grow their wealth, only parking it in banks thus they can never grow their savings into wealth.

Speaking about risk management, I just found a online video that I find it quite useful for those who seek low business risk and think it is worth a try.

It’s about a person showing the secrets to making money online with real account verification by logging in during the video recording.I’m not so sure about you, but maybe you can check out the internet business and decide for yourself if you want to give it a try since it’s comes with money back guarantee, something that offline traditional business would not even consider giving. Check it out for yourself.

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Learning is to pick up and modify  new knowledge, skills, values in order to combine any useful information for better decision making in life.

It is a widely practiced and recommended by many professionals, businessmen, educators and even parents.

Yet they are very much limited and restricted by the very education and information that are supposed to help them achieve better results and performance towards success.

There’s a saying “The more you learn, the more you realize what you don’t know” Many people are taught that the more they learn, the higher their possibility of success, but they are blocked by the very fact that they need to apply what they have learn into real life.

Information acquired are meant for get better results in their related field of interest. But majority of the people think that they can have shortcuts by learning all the theory first by studying all the way up to a university before working. That actually creates a stumbling block that restricts them from moving forward.

For highly educated individuals thinks they are well educated, and must be compensated for their qualification, thus unwillingness to work from the basic of entry level occupations meant for the lower or uneducated individuals. Yet the sad but realistic fact is that most people who succeed in making it big are people who are less educated, and it is those who who in turn hiring those much higher educated individuals.

Knowledge and skills are meant people proceed faster and offer convenience to the people who possess them, to help instead of blocking. But not many people actually know how and when to apply their knowledge and turn them into profits and help more people. Thus it is the only few creative businessmen who knows how to utilize their knowledge and expertise to the fullest.

The key to wealth and being rich is to first learn how to utilize the knowledge imparted to individuals and use it to benefit more people in exchange for a profit as long as they comply with the guidelines and rules of doing business.

The people who are rich are successful because they are academic intelligent, but because they are selfless by sharing the information, and repeating do the same instructions until they achieve greater results by accumulating small profit and duplicate it many folds to gather sufficient profit to become wealthy.

That is the simplicity of doing a franchise system. Success if not original, it is nothing more than copying, modeling and improvising to come up with better newer solutions to reduce time, expenses, and increase profitability thus they are rich because they know how to utilize the knowledge, not by blindly keeping it to themselves.

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There is a common saying: “Money makes the world goes round.”

It is especially real these days with Singapore being featured again as one of the top twenty highest proportion of millionaires, claiming again the number one spot for highest density of millionaires in the country.

Like what I have written on a page on Money, by 2017, 40% of the Singapore residences will be millionaires according to a wealth manager’s forecast. The report by Bloomberg above proofed to be true, and is supporting claim to the forecast.

Imagine for every five households that you visit in the year 2017 and after, every two out of the five household residences will be a millionaire. The signs are spelled out already so clearly straight in our face now with support of evidence.

So what is left for us to do now at this junction, to fast forward our wealth is to first learn the skills that a millionaire should know, how they invest in assets, reduce their liabilities and decision making process.

If you want to be successful, you should do exactly that, if you have not found a way yet, nor do you know of a way, allow me to help you, if you can trust me, contracts and legal documents to protect yourself, your investment is fine by me, as long as you are willing to invest in the knowledge that I have on hand and the tools that I know, that can help you become a millionaire.

For just a minimal of the lowest 5 digit investment ($10,000) of Singapore currency, profits are than divided 50/50 evenly for those who are willing to have blind faith.. Addressing to anybody across the globe who may have read or come across this blog by luck, referral or link. I just need one person regardless of where you are, just send me a note, and I’ll get back to you.

For those who are still undecided, refusing to accept all the facts that is parked right in front of you, be prepared to ask the same questions six years later in year 2017, when more and more of your friends, people around you become millionaires, and you are still there thinking, what is the difference between him and me?

The answer to that very question is plain straight forward: The Rich INVEST, The Poor SAVE.
So what happens if you know neither on how to invest nor save? You should park your money with the right person or investors.

It is easier to spot a potential candidate who already knows what to do, and how to handle wealth, than  follow the right person with your investment to grow it. Than to wait for the person to become a millionaire already then requesting to park your investments with them. By then, it is too late. If you have no idea what I’m talking, refer to the video on The World Greatest Money Maker: Warren Buffet from the 40th seconds to 50th seconds of the video, a initial investment of $10,000 snowballed and compiled into $50 Million dollars according to what are reported in the video.

I’m not saying that I’m as great as him, but at least perhaps there is a percentage that the $10,ooo will compile into at least a Million. That’s the price and opportunity for early bird investments who trust people who accepted to risk of zero returns as the worse case scenario.

If you want to cling onto a Millionaire when he/she is already accomplished, be prepared to be rejected, for new millionaires are only by than interested in helping people who has helped them in the past, so that said, its as good as not asking them. Your best options, is to make a good bet or discussion with the person whom you want to invest in, make sure he knows where and how to invest and grow the money before you entrust your investments with that person.

You better believe it, for I personally is have known and have seen how millionaires work, keeping secrets only to themselves and their trusted business partners. Those millionaires inclusive of my rich relatives, my mentor(s), whom I don’t hardly speak to, except for the yearly Chinese New Year greetings.

Find your own way to become millionaire fast, I’ve seen it myself on how one of my mentor became a millionaire himself, when he told us the month he hit his millionaire status and the difference in treatment before and after. Even relatives treatment over the years since I was young, a time when they are not as accomplished as they are now shows clear difference in treatment towards non-millionaires.

Millionaires worked extremely hard for their own network, and keep secrets to people who have helped and trusted them only.

If you aren’t sure how to become a millionaire, you should start finding your own millionaire mentor and seek guidance, follow exactly what they tell you to do. If you’re the lazy type, but is cash rich, pass the money over to me, I’ll help you with the investment part to grow your returns.

With that, I hope anybody who have read this blog post, can start focusing in the right direction to draw and follow your millionaire status soon.

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Stage is a word with numerous meanings and definitions, but it all boils down to one common term and that is results.

Regardless of it being used for performance, dancing, singing or acting and even price presentations, it is nothing but ordinary. Only when an individual wins, delivers and show talents with bright prospects of growth and potential than only are the path showing them the door to going up on stage to claim credit and be crowned for whatever they are good in.

Even in gaming, stage in this case refers to increasing your own level within the game situation, growing your money, mana, abilities, weapons and health depending on the types of games you are playing be it Command & Conquer: Red Alert, Star Craft, Counter Strike, Mapple Story and others..it is all based on the same thing, until the player attains a certain pre-set criteria qualifying for the next level, else his/her player profile will not be upgraded to take on stronger roles.

The same thing applies again in real life, and is happening every day, every minute and every second as time passes. At work, in school or even in growing up as a baby, we are not allowed to skip or jump levels when we want to learn something.

For instance at work example in a food and beverage industry, only when you know how to serve the customer, know how they feel and to entertain them, without spoiling their mood, at times communicate with the clients, than only are you allowed to be promoted to the next level of being either a team leader, supervisor or captain depending on your company.

In school, it virtually identical, only when you pass the minimal 50 marks for a subject, and completed all the subjects, modules allocated and fixed by the education ministry for lets say PSLE, than only can we go to O Levels, like wise for Diploma and Degree and so on.

A stage is always be, regardless of it being visible or like, it will always be there, the problem is that do we all have the ability, credentials to be allowed on that stage? The answer varies.

While stage is used primarily for artists like media celebrities, motivational speakers, prize award winners, there is another term also with the same meaning but with other add on bonuses as well. That word is platform, commonly used for individuals who like to grow, improve their own wealth, build up their portfolio and get promoted.

Without a platform or a place for a person to grow and develop, there is no way talents can be spotted..just like a swimmer who specialize in diving, they need to stand on the 2m, 4m or 10m plank hanging out by the side of the deep swimming pool before leaping into the pool with beautiful precise execution for top score in order to be fight for the top 3 positions at any local or global sports competition. Only after results are out, than can winners stand on the stage.

So to speak, it is important to first find a platform, a place or environment whereby there are rooms for growth and development, conquer it and fight for the chance and position on the stage itself.

Even if you want to get rich and wealthy, you need to first learn how to save, invest and mange your first $100,000 before you increase the amount to your first $1,000,000 and gradually climb up the charts. There’s no way that a fly-by-night success. It all boils down to the basics. A very important lesson for all entrepreneurs but not much focus on the hard work and efforts to earn the rights to stand and perform on the stage, yet little choose to focus on practice, and opt for shortcuts that harms them only in the long term.

If you have no idea what I’m talking about, than think of it as, when you get a pay rise, get awarded by your employer and in the company for the best/top seller award. That’s the recognition to be awarded that I’m referring to in this blog entry.

First find your platform.

Next comes your stage.

Then expand and widen your stage presence for global recognition.

That is how everybody grows, regardless of people, businesses or even plants, insects etc..

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Value is defined as the worth often associated with benefits to either oneself, a group or to the masses in terms of financial aspect.

But when it is viewed, rated and determined in terms of ethics, it is not something that can be justified by monetary sense. Yet something that not many would know how to weight the importance of value in terms of ethics without the ability to determine it’s real worth.

From the perspective of poor individual, value is not as important as having immediate access to money which is considered top priority for them for basic survival

Yet from the perspective of wealthy individual, majority if not all of the individuals would weigh value about money, as they can measure the returns on investments with a business based on the accounts.

That is what differentiates the rich and the poor, even the rich from and wealth who know their priority.

Poor have only benefit in their dictionary, not value. Rich and wealthy have both words benefits and value in their dictionary by definition is to understand what it brings to the table at the end of the day in a financial transaction.

Reasons for the poor get poorer over time is due to the following reasons:
1. They want only immediate money commonly defined as benefit
2. They want the benefits exclusively for themselves and their immediate family members only.
3. They don’t care about the interest of others and how much benefits others will gain | In short selfishness

Reasons for the rich getting richer with time are due to the following reasons:
1. They want both benefit (immediate) and value (long term)
2. They want to share the profits. Only by sharing with mutually benefit terms, than can everybody grow wealthier without sacrificing anyone. | In short, this what market expansion with profit sharing.
3. They care not only about themselves, their immediate family members, friends and even their colleagues, employees and business partners. By helping others, they are helping themselves too, but the results comes back in another form of financial returns of employee, business partners loyalty so the business is always growing. | In short: Long term investment, don’t be myopic/short-sighted.

If you like to know more details about expanding the market and growing your wealth on a long-term basis, head over to my other site, that talks about a ebook that I have written named Consumer Guide: 7 Secrets To Cost Efficient Shopping Analysis.

Inside this ebook that i’ve personally written, I talked about how an individual can get the maximal value out of a product/service with 7 secrets of cost efficient shopping analysis. How you can stretch every single dollar you spend on your next shopping trip.

Including flexible, customizable secrets that you can use on both products and services with examples on stand-a-lone basis. While it is titled Customer Guide, I have also included reasons, and explanations on how to make the customer want to buy your products, from both the clients and the sales professional’s perspective.

The key to getting from poor to riches (wealth) is to understand the in-depth value, plan long-term and don’t be myopic.

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Learning is a process.

It is a continuous process. Once you stop learning, you put yourself at risk of being eliminated.

To avoid elimination, is to learn the survival skills and use it to the fullest and show coupled with wisdom, intellectual use of strategies to expand territory or niche and grow wealth.

It is the root of all success. It’s like a plant, without water, the plant will withered, and die off slowly and in a ugly state slowly rotting, decomposing into the soil as fertilizer for the others. Put this plant in a forest, and it becomes the nutrition for other plants, insects etc.

Just like the forest, or in the ocean, there is a ecosystem. Where everything, birth, growth and even death helps the ecosystem to live better and brighter with nothing but beauty.Even in the world of modern cilivlizations, it remains the same like anywhere else on earth. There’s an system and order on how we live.

While there’s an abundance of educational institutes both locally and globally, not many individuals will be able to utilize all the skills, knowledge taught to them in their lives. Having said that, how many Masters, Doctorates of different universities actually make it to become a Professor respected, and using the skills, knowldge for the good of man-kind in invention and research of better medicine, cure for illnesses etc. Not many to be precise.

But I can say that much of what is required for basic living, the skills needed for survival is simply what’s taught in elementary schools and colleges. Anything beyond that are considered bonuses.

To live, survive and grow out wealth, we only need to learn what’s needed to bring in money, that means the ability to sell and market products and services, growing a business. Bringing food to the table and supporting a family. It is a rather simple idea, while many choose not to learn the art of selling and marketing, they themselves are denying themselves of money and potential wealth that comes only after they have mastered the basics of selling and differentiating it from marketing.

Selling is the process, a transaction made over an exchange of product, service in exchange for money.

Marketing on the other hand is to offer value, benefits for instant, and future growth. Both directly and indirectly contributing to more money income which means wealth.

Wealth is money that grows over time despite factoring in inflation. Money is simply a note that depreciates with time and has no actual value as it is at risk of inflation, dependent on external economic factors and country’s bank, gold reserves.

While we all start learning, how many people out there really understand why do they need to learn, get educated? No many even asked, yet just go through the motion, in short copying what the seniors/elders taught them. As it is a genetic trait of all living beings, from organisms, to plants, insects, animals inclusive of hunans.

But with our advanced, developed brain, not much have being put to proper use. Most are still very much the same like the apes in the jungle or forest, learning how to survive, bring food back to the family, working to own a property for shelter and give birth to off-springs that’s considered an natural ecosystem.

While only those who seek wealth, actually utilize their brains and put it to good use. Learning what grows wealth, build on success, portfoilos, to diplomatically increase their assets (territory) both locally and globally. Without copying apes, to fight it out in the jungle for food and space, by offering mutually beneficial agreements and exchange thus growing without limits.

That’s what learning should be about, and not like the ordinary education system, teaching man to be employees. I can’t help but wonder as I watch more documentaries. Why do we even need to study all the way up to universities these days when all it can provide us with is a job that brings in money.

Yet money is what every one can start earning the moment they know how to trade their services for money as young as 5 years old to 15yrs old depending on different countries acceptance to entrepreneurship.

Are apes smarter, with only un-developed brain who are our grand ancestors, what we are doing now, study, work and die is just the same like apes. So who’s smarter? Why get into debts just to be employees trapped in a rats’ race?

Only those who understand, learned and master the art of sales and marketing knows how to utilize the brain to grow wealth and help other man-kind to improve their living conditions.

Employment is an excellent way of learning the ropes of business, the only way out for success. Learn, observe and ask, build diplomatic ties, relationships and don’t burn your bridges by being nasty to your colleagues to lay a good future ahead. Yet not many realized that entrepreneurship starts from employment and individuals must have a clear understanding of what they must learn, what should be learn to improve the business, before leaving to start their own business elsewhere without poaching your mentor’s clients to allow oneself to grow up stronger with respect from their peers.

In a nut-shell, it is to learn to respect the cycle of life, example of how important water is to all living beings. The same applies to food, for survival and learning to improve our living conditions, not to follow what’s already in place. Else what’s the point of education? Ain’t it meant to make us intelligent, yet many are getting stupider without putting on their thinking cap..

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Value is the concept of worth. In economic sense, it is the price of goods and services.

Understanding and appreciating value holds the key to creating wealth. One which not many will realize, but yet it is practiced in every single business model globally and you’ll notice this in every profitable business model and industry. Those who don’t, never made it successful and end up closing business, feeding banks interests on top of loans and never really learn what went wrong in the first place.

While it is important in business, the business owner not necessary need to deliver it him/herself to the clients. This can be done through the employees under a set of SOP also known as standard operation procedures. Understanding how to deliver value and the experience to the end clients will result in business growth, in return healthy financial accounts.

While most businesses seek to offer value, but not many understanding the link to providing quality value as compared to cheap, affordable low-end value for money products and services.

Both the super rich, affluent and the ordinary middle income business owners all provide value contributing to their success, but only the super rich knows how to get up their value by charging more and backing it up with quality service and experience.

Looking at a either a 5 or 6 star hotel, the treatment of the clients, Very Important People aka VIPs, as well as the space, ambiance, room for quiet conversations, experience, gathering only the brightest, richest, influential contacts worthy of the start treatment. That is what makes value.

Unlike the ordinary value-for-money, $2 food, wile it’s good for majority, but it’s not financially profitable for the business owner. He/she may be trying to sell more (quantity) to compensate for the low price. In-directly losing focus on the quality, freshness of the food, which is key reason for which clients will buy from a store. That’s one critical mistake made by most newly start-up business owners in food business in markets and in food courts.

Yet when you look at fast-food restaurants, they have changed their business operations model from cooked (8yrs back), prepared for walk-in clients to order first, while your food is being prepared, therefore offering quality, freshness guarantee. Clients don’t mind waiting for quality stuff, as long as they are within budget, not too costly, and it should be fine.

The same long queues, and waiting customers can be seen for really delicious food stores in markets locally too. Thus the next time you want to take a shot at wealth creation, remember to provide value with quality, and not quantity.

The other thing that I may have touched on in earlier paragraphs are servicing, but not much written on that particular, as it is general knowledge, and i leave it to your own observations of how different business service their own clients to have them coming back for more, even if the price is slightly higher.

Know wealth, learn to offer value, give clients your best services, and have they agree to value (quality) for money products and services and you’ll find yourself in the wealth creation circle and on your way to growing your wealth. That’s how the rich get richer, and the best part is, you can train others to do it.

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Wealth is what everybody seeks. The abundance of resources, possessions, and assets.

While many seek wealth, they confuse it with money.

Money should be viewed as a tool rather than a measure of status.

While majority of the people globally all focus on earning money to make it rich, succeed in life, only the top of the corp, those who really understand the meaning of wealth, success can achieve it.

The reason why majority failed to get rich is properly due to a simple reason, they spend more than what they earn. Simple fact, but many choose to ignore this fact, and instead adopt another practice or belief, learn how to earn more money to cover up what you spend. That’s what most people are doing, digging multiple holes (traps) of financial difficulty only to refill one hole at a time while digging many holes simultaneously.

Real life case study is when people take up installments to buy property, furniture, vehicles, education loan, investment loan etc.. All involved loan while trying to get rich, having said that, that’s the worst situation that a wealthy person would do.

While many wonder what do we need to do to get wealthy. That most people wouldn’t even think about it, because those are the things that aren’t taught in school, nobody will teach others how to get rich, which in other words put oneself at more risk of competition for investments to grow own asset port-foilo, thus all schools globally only teach students how to be employees, even those teaching entrepreneurship modules, degrees are taught by professors who are knowledgeable only in theory with no physical actual experience. So at the end of the day, are degrees really that important if a person really want to succeed and make it wealthy?

Apparently not, the simplest and idiot proof method to be wealthy is first to understand what is the difference between money and wealth, what are the problems associated with money, greedy, discipline, management, investing, growing money and even finding sponsors. All of which are the important steps vital to understanding the real definition of wealth before even one can have the mental capability to sustain wealth in assets, cashflow, and managing it.

Most speakers, successful individuals only spoke and share about the importance of business ideas, but they didn’t share or mention much about the basics, thus majority are taught the advanced skills, knowledge without the basics. It’s like building castles in the air, without proper pillars as support, just a wind, flood, or fire (natural disaster) is enough to pluck out and demolish the whole building of its location into rumbles and trash.

That’s why the rich get richer, while the poor gets poorer. Only those who get it will be wealthy. Not even those smart-aleck are able to conceal or hide their tails for long, as financial crisis or global or region wide happens every 10-12 years, so it is like a circle. Only the real deal stays for the long term.

Having said that, the key to creating wealth is to bring value to the masses. Without value, there’s no room for growth.

So if you get what I’m saying, it is best for you to start working in different industry, get a clear idea of how money flows from one hand to another before switching to another industry to increase your learning growth, physically experience of business operation, running, and training employees beats education, theories taught in schools.

If you’re a parent, or soon-to-make, make it a point to throw your kids to get doing business, or at least let them earn their own money to buy the things they want themselves, and not you paying it for them. Vital to let them learn and understand how difficult it is to earn that money, so this is a life lesson that will help you in many years down to the road. Stopping your kids growing up dependent on you for their living, nor to suck your financial reserves dry. That’s long-term thinking, and at the same time, showing the kids how to take up responsibility and running a family.

When a person learns the importance of money, than only will they gradually see the light at the end of the tunnel in knowing real wealth before able to start creating wealth.

If you don’t believe it, read up or start observing how people get poorer. Especially those who struck lottery. Lucky individuals globally with no knowledge of managing money, assets will only see their money depleting day by day. After a few years, they are back to square one, in the same situation before they strike lottery.

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