Becoming Wealthy
The way we think and our Attitude towards Money will determine how much of it we accumulate more than any other factor.
If you are really serious about Becoming Wealthy, you will want to know the five main ways that fortunes are made in this country. Number one, top of the list, top of the hit parade throughout the history of America, is self owned businesses. More than seventy percent of self made millionaires in America, not only in this generation and in this century, but in the last century as well, come from self owned businesses.
The great majority of wealthy people started businesses and built them from the ground up. In the 19th century, fortunes were built by people like Andrew Carnegie, Jacob van Astor, Thomas Edison, Commodore Vanderbilt, J. P. Morgan and others. In the 20th century, especially in the last few years, businesses and fortunes alike have been built by people like Bill Gates, Steve Case, Larry Ellison, Ross Perot and Sam Walton. Each of these people started with nothing and succeeded in building a business from scratch.
The second major source of self made millionaires in America is senior executives. Ten percent of the self made millionaires in America today are men and women who have joined large corporations and worked with those corporations for many years. They rose to positions of seniority, were paid extremely well, given stock options, profit sharing and bonuses, and as a result of holding onto the money, they became millionaires.
Michael Eisner of Disney Corporation received a $126 million dollar bonus in a single year. Lee Iacoca of Chrysler Corporation was paid $26.7 million dollars as a bonus in a single year. It’s not hard to become a self made millionaire when you are making that kind of money.
The third source of self made millionaires in America is doctors, lawyers and other professionals. Men and women who become very, very good at what they do and rise to the top of their professions are eventually paid, very, very well. The top five percent in every field earn ten to twenty times as much as the average person in that field.
The fourth source of self made millionaires in America is salespeople and sales consultants. Fully five percent of self made millionaires are men and women who are the top salespeople in their fields. They never started their own businesses. They never went to college or university to get professional degrees. They just became very good salespeople for their products or services and were paid very good money. The secret was they then invested the money conservatively and held on to it. Ninety nine percent of self made millionaires come from these four categories.
The final one percent of self made millionaires is made up of all the people in all other areas. This one percent consists of people who have made their money by inventions, in show business, in sports, through authorship of books and songs, lottery winners and inheritances.
The bottom line is there are so many ways for you to become a self made millionaire that it is almost impossible for you not to achieve this goal if you are really serious about it.
“Remember, Success is Always Within Reach”
#terry ogburn #entrepreneur #Business #Business Development #Business Sales #business coaching #business coach
If you are really serious about Becoming Wealthy, you will want to know the five main ways that fortunes are made in this country. Number one, top of the list, top of the hit parade throughout the history of America, is self owned businesses. More than seventy percent of self made millionaires in America, not only in this generation and in this century, but in the last century as well, come from self owned businesses.
The great majority of wealthy people started businesses and built them from the ground up. In the 19th century, fortunes were built by people like Andrew Carnegie, Jacob van Astor, Thomas Edison, Commodore Vanderbilt, J. P. Morgan and others. In the 20th century, especially in the last few years, businesses and fortunes alike have been built by people like Bill Gates, Steve Case, Larry Ellison, Ross Perot and Sam Walton. Each of these people started with nothing and succeeded in building a business from scratch.
The second major source of self made millionaires in America is senior executives. Ten percent of the self made millionaires in America today are men and women who have joined large corporations and worked with those corporations for many years. They rose to positions of seniority, were paid extremely well, given stock options, profit sharing and bonuses, and as a result of holding onto the money, they became millionaires.
Michael Eisner of Disney Corporation received a $126 million dollar bonus in a single year. Lee Iacoca of Chrysler Corporation was paid $26.7 million dollars as a bonus in a single year. It’s not hard to become a self made millionaire when you are making that kind of money.
The third source of self made millionaires in America is doctors, lawyers and other professionals. Men and women who become very, very good at what they do and rise to the top of their professions are eventually paid, very, very well. The top five percent in every field earn ten to twenty times as much as the average person in that field.
The fourth source of self made millionaires in America is salespeople and sales consultants. Fully five percent of self made millionaires are men and women who are the top salespeople in their fields. They never started their own businesses. They never went to college or university to get professional degrees. They just became very good salespeople for their products or services and were paid very good money. The secret was they then invested the money conservatively and held on to it. Ninety nine percent of self made millionaires come from these four categories.
The final one percent of self made millionaires is made up of all the people in all other areas. This one percent consists of people who have made their money by inventions, in show business, in sports, through authorship of books and songs, lottery winners and inheritances.
The bottom line is there are so many ways for you to become a self made millionaire that it is almost impossible for you not to achieve this goal if you are really serious about it.
“Remember, Success is Always Within Reach”
#terry ogburn #entrepreneur #Business #Business Development #Business Sales #business coaching #business coach