Who: The wealthy people of the world.
When: Current investments.
Here is the thought that is on my mind this week! Check out this chart provided by marketwatch.com showing the net worth composure of wealthy households.
Studying those who have a great level of success is a must in my opinion. Even if your goal is not extreme wealth it is important to learn how to generate money!
You trade your time for money everyday so spend a little extra time each day to educate yourself.
One of the takeaways that stood out is that those with little to no net worth have their money tied up in a vehicle and home. So, what can be learned if you are striving for more than a 100k net worth?
KEEP YOUR PERSONAL HOUSING AND VEHICLE SITUATION AFFORDABLE.
The other massive takeaway is that the ultra-rich own some sort of business interest. There is big risk with starting a business or investing in one. However, it shows in this chart that the reward can be handsome as well.
Learn something every day, take something away from this chart.
Figure out what your goal is. Where do you want to be on this chart? What is a realistic way to get there?
Then begin taking strides to position yourself for success.
Happy Monday everyone!
What Are Your Thoughts?
- Does this meet your expectations of where the rich are invested?
- Does this match your net worth depending upon where you fall on the chart?
- How will you pivot your net worth to change your life?