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EPISODE · Sep 30, 2019 · 9 MIN

5 Traits of the Rich Vs Poor

from Money Tips Daily by Charles Kelly, former IFA and author of · host Charles Kelly Business Coach

By Charles Kelly, Property Problem Solver, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast I spent years researching my book, Yes, Money Can Buy You Happiness, because I wanted to find out why some people are rich and others are poor. What I discovered is that having wealth has little to do with how hard people work, since millions of poor people work hard in jobs putting in long hours of sometimes backbreaking work all of their lives with little to show for it. It is not all about academic qualifications. Education helps, as academic qualifications will increase your earning power over your lifetime. However, just have a university degree is not the key. Where you live can make a difference, as people born in a first world country, like the UK, obviously have a huge advantage over millions of others born in developing countries even if they do not always appreciate their good fortune and often waste the many opportunities right in front of their noses! Yet even in poor countries, I have seen both poor and rich people, and observed similar rich traits and habits. If you go to any town in the UK, Europe or America, you will find the poor part of town and the bigger houses on the hill in the wealthier part of town. You will find people who are doing well and people who are struggling. Is it down to luck? Luck or good fortune can play a part, but we all have those lucky breaks and times when opportunities seem to just fall in our lap. Unfortunately, we don’t always take advantage of those lucky breaks. In this episode you'll discover the 5 traits, such as how the rich make their money work hard for them instead of just working hard for money, how they acquire assets using other people's money and more. See full article at www.moneytipsdaily.com Earlier I said that the rich acquire assets, the rich use leverage and the rich make their money work hard for them instead of just trading their time for money. You can learn how to acquire assets using the leverage of other people’s money so that you can quit the rat race and start stop trading your time and life for money. This is not a ‘get rich quick scheme’ and you will not become a millionaire overnight. The first aim is to enable you to replace the income you get from your job within six months, if you follow these the strategies taught on the course. Once you have done this, you can work on yourbusiness full time, instead of someone else’s, and from there the sky’s the limit. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. Would you like an opportunity to attend a free No Money Down Discovery Day on 10th October? There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See more at www.moneytipsdaily.com Word of the Day Tenant Buyer – Right to Own A tenant buyer is a private tenant who is renting a property with a right to buy it on or before an agreed date in the future. If you are currently a tenant and would like to buy your own home in the future, but unable to do so right now, drop me a line at [email protected].

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