The Difference between Being Rich and Being Super-Rich

Wow...that is interesting. Where did America go wrong? Cost of living increases, but wages seem to be on a much lower and slower pace. And people have problems betwwen those numbers. Main-stream America
having difficulties too.

Strategies, structure and negotiations to prepare for the worse.

Hi Michael
Very good post. I liked the alternative you have proposed.
Investment in real estate is safer than anything else. Investment in companies sometime can even create more problems after retirements. In companies, you tend to invest more and more and you end up with cash crunch at the time of need.

Rajesh Shakya
http://www.rajeshshakya.com
Helping technopreneurs to excel and lead their life!

it's not about how much money you have, or how much properties you own.

It's about you ! ! !

about your wisdom ! ! !

a loser can has entire world and lose it in one bet.

The winner maybe is someone who lack of money, lack of connection, or lack of anything you can ever imagine. but with his / her WISDOM & TALENT, they can turn it to a great success.

So, if we lack of talent or wisdom ?

Well, try to learn SOMETHING ! ! !

Mike, I'm an idealist of sorts. Pondering your observations of those who are wealthy and those who are super duper wealthy, and the two types of activity which separates the two, what came to mind was the type of business activity between large corporations.__

Coca-Cola generates revenue from the sale of bottles and cans of their beverages to the public. Coca-Cola will engage with other large and small corporations to supply and maintain their "machine" which generates revenue to them from the sale of bottles and cans of beverages. If the entity of Coca-Cola should decide to acquire companies, or invest in real estate, or to employ any strategy to become more efficient in the production and sale of its bottles and cans of beverages to the public, the objective for these actions is for Coca-Cola the company to become efficient in production in order to continue to satisfy the want of the consumers of their beverages. From a business standpoint, Coca-Cola makes decisions and takes actions to continue to satisfy the public want.__

A wealthy individual will follow the two steps in your column to become super wealthy, and then what? The person has acquired more wealth, and if this is the goal, I guess all is well and good. Warren Buffet recently gave a portion of his wealth to Bill's charity because he personally could not think of what to do with the money; he had no goal or objective to further the creation of wealth, nor a system or "machine" to make more efficient and thereby continue to satisfy a public want or need. Money lost utility while in the possession of Mr. Buffet. How odd.

I don't want to go headlong into a philosophical discussion of the value of money (creating money for no other reason than to say you can, or for the fun of it, are as good a reason as any I suppose), though, now days the creation of new jobs, to maintain ourselves in the light as innovators to the rest of the world, as capitalists par excellence, something is lost when one of America's best stock investors cannot even think of anything constructive to do with billions of dollars in his possession. Buffet gave billions to someone else to spend it "wisely." Again, how odd a character "flaw."

As Americans we may know alot . As a group we don't seem to possess a keen sense of wisdom. Wisdom defined as the proper application of knowledge, a person such as Buffet is adept at the creation of wealth though he's lost or confused on how to utilize the wealth.

I guess this post is best summed up by advising not to negate or trivialize the utility of money ..., children. I don't know ...

This post needs further thought and editing, though I post it now as is.

Mr Sexton,
to be at top fitness of the mind and catch the wave oportunity*s in life, hmm, veery veery fine art!
Have a great day,
Daniela

Great finishing sentiment from the heavy hitter, El Presidente! I’m anxiously awaiting the Da Vinci code cipher contained in my "Trump Advantage Club" package, and definitely not sparing the Chutzpah. While awaiting the goldmine initiator pack I feel answering this eye opening blog article will keep the rust off. Critical topic is absolutely correct shogun 6-ton, as saving the world is dramatically enhanced by massive accumulation of fortune through entrepreneurship and real estate investments. Michael, would you please explain the definition of retirement, when you have a moment, as I never understood the meaning nor the purpose, thank you!

My nourishing mother, the University of HK‘s, hath bestowed magical knowledge utilizing the world transforming properties of LOVE. Preferring to tweak a commonly used military phrase, I humbly choose "no one left behind." Everyone can retire wealthy… participation opening up global pathways for many smaller countries getting trampled by international trade laws is a wonderful start. Continue making a difference and check out www.maketradefair.com today while feeling your heart brim with excitement and receiving "a rush of blood to the head," as I recently have.

As I await partial completion with the spiritual law of attraction, my message to any doubters is, " no matter how hard you try you can’t stop us now." We are in the vanguard, new age pioneers, and motivated to make a difference. We will succeed, as success hath already been attained in my minds eye. I hope my "Trump Advantage Club" package is in the mail today, this being the first day of the rest of my life and all.

Peace Resides Within ,

~Chad M. K. Ludwig~

The difference from being rich and really rich is this. Sweat equity and the capability to out perform. Money cannot buy those capable of such standards because that output and its ownership there in belong's to the doer and not the dreamers.

There are many people with money who, from whatever design invest in such hard work and its success, however that money does not sweat. It does not toil or work hard. It sits in the bank.

Have you ever worked with someone who just sits there and does nothing ? That is what an investment does. It sits there and does nothing.

I am rich because I am a doer not a dreamer.

Do I have money in my bank ?

Who cares, because at the end of the day, the hours I put into my community return ten fold and my bonus always hits the margin. My community is the best playground in the world.

My community is my pay at the end of the day.

OK, I'm convinced. I do want to get involved in Real Estate in a similar way to the way Mr. Trump does, but my idea of big and lasting will be in a different direction. So what do I need to do to partner up?