WHY THE RICH GET RICHER AND THE POOR GETS POORER

In some parts of the world, some people work for a fortnight or monthly pay check, which they need to survive. But, it is high time, individuals allow their money work for them rather than labouring so hard to earn money.

When you have money working for you, you wouldn’t be afraid of any restructuring, disengagement or re-engineering exercise, whatever name the employers’ choose to call it.

Again if you have money working for you, the current global economic recession or financial meltdown as it may also be called, may not be a major concern to you. It’s just a matter of having assets surpassing your daily expenses rather than incurring liabilities.

Certainly, you would be referred to as a wealthy investor or entrepreneur, when the money you are earning from your investments and businesses are in excess than your liabilities, then money is working for you. At that stage, money begins to go errand for you.

Unfortunately, some individuals in the middle class are financial illiterates, that do not understand what it takes to make or create passive income from other streams of wealth jackpot. There are so many online business models aspiring entrepreneurs could actually take advantage of on the internet. Examples include Earning Revenues from parked domains – click http://tinyurl.com/pxmb27; http://tinyurl.com/ozrmog; http://tinyurl.com/ozkdxo; http://tinyurl.com/qd9ol6; http://tinyurl.com/ozm76m; http://tinyurl.com/pzysm5; http://tinyurl.com/qrhqy2 Bulk Sms business, Website designing and hosting and a host of others.

They engage themselves in the vicious cycle of rat race. To them any increase in pay is meant to be spent gallivanting, acquiring luxuries. They value buying latest electronics, getting another car, keeping a mistress or more, moving to a more tastefully furnished apartment owned by another person instead of investing in wealth opportunities. And yet they will be the ones to agitate and carry placards for pay rise, better welfare packages etc from the employers’. This class of people prefers working extra hours of overtime and spending more than what they earn, and they end up Just-Over-Broke.

The surefire route to breaking this vicious cycle of rat race is increasing our cash flow, not spending more than our earning and accumulating liabilities, in the name of enjoyment, but investing in viable businesses.

Some of us may have started as an employee but the truth is we don’t need to remain too long there, without considering being an entrepreneur – and investing in your own business.

This is why the Rich and Wealthy keep getting richer and the poor gets poorer, because they understand the difference between assets and liabilities, and they are financial gurus.

The following tips should be applied towards achieving Financial Abundance, though they are not limited to:

1. Avoiding Credits

Everyone, companies are offering free credits or equity financing. It may seem appealing to pay installmentally over a number of years. But, you end up adopting a lifestyle of debts from purchasing liabilities, instead of investing in real estates, stocks, owning a profitable online business like Domain Names Investment.

2. Reading Financial & Money Management Books

I get inspired reading books by Robert Kiyosaki like Rich Dad Poor Dad, Retire Young and Retire Rich. There are other good money management books at our disposal. Go ahead read them and be wise in your finances. You may also attend wealth seminars and workshops on entrepreneurship.

3. Making a decision to be an Entrepreneur

Having a business means owning a system that generates income regardless of whether you are there or having your vacation somewhere in Obudu Cattle Ranch in Nigeria, A Cinema, on the sandy beach in Kuramo, Nigeria or Miami, U.S.A

As an Entrepreneur, your money works for you and you wouldn’t have to be afraid to sack your employer before he/she does that to you. How long will you continue to be an employees that works for money? Visit: www.domainentrepreneurs.blogspot.com for only numerous online genuine and legitimate businesses you can invest in with almost zero capital, and which can be done part-time – in the office during lunch hour, from the comfort of your home, or even full time, with your laptop or from a cybercafé.


Livingston Obasi, is a domainer with some money making sites to his credit. He blogs on information about domain names business and online entrepreneurial tips for internet newbies on www.domainentrepreneurs.blogspot.com and also owner of:
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