The Geniuses from the Business World

Overview: We all know that saving money is an important key point in one’s road to riches. But is it that simple?  Not really, it takes blood sweat and tears if you ask me. And some are just plain geniuses in my eyes.

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To become rich one must accumulate large wealth.  When one thinks of accumulation, it simply means that there is more inflow of money than outflow. There is more income than expenses. Hence, the net effect is positive, there is accumulation.

Having huge salaries, some people earn a lot of money.  But that’s only one part of the equation. These very same people also spend a lot. Buying stuff they don’t need, stuff that are doomed to be thrown away or just become added expenses. What do I mean? Let’s say that you bought an mp3 player, then suddenly a new model comes up and then you buy that new one. Suddenly, you end up with a useless mp3 player.  There is just this attitude of spending on wants instead of needs and wasting money away that can be used to build one’s assets. This could be an expensive car, an appliance, lavish vacations, and the list goes on. So despite all that huge income, the incurred expenses vastly reduce people’s wealth to nothing. And that’s how many famous rock stars who earned millions end up broke at a later time in their career when their income goes down along with their popularities. All this is because they refuse to tone down their expenses. effexor lexapro taken together

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Now that we got that cleared up, let’s look at how some people have done the art of wealth accumulation successfully.  These people think of ways, systems, investments, and businesses, to make money come to them. Most of these are entrepreneurs who find ways to orchestrate all the fine parts of business like marketing, sales, and operations into a financial masterpiece that can last throughout his life and even beyond his life, giving his children and grand children a legacy they would always treasure and remember.  They now have more capacity to help his family and even other people in need by setting up foundations, which by the way can help one reduce his taxes.

Such is my admiration for these iconic geniuses, and only so if they got their wealth in without being dishonest and destroying their values. They have become my heroes.  It would be nice to learn from these masters. Sometimes, I even imagine this to be like a young man wanting to learn kung fu from a great kung fu master. We should set ourselves eager to learn the ways and the art of building wealth.  How do these people think? What would they be doing right now at this moment? What do they love doing? What is their passion? What is always on their minds and what would they do if ever they encounter problems along the way?

If you cannot talk to a master in person, you can find someone who knows of such a master or even just bibliographies about their lives in many bookstores all over.  Just make sure you learn something then apply what you have learned.