2007-01-14 16:18:01 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
High
2007-01-14 16:24:59 · answer #1 · answered by Anonymous · 0⤊ 0⤋
How much income you have means nothing if you don't know how to keep what you have--ie. not spend it.
The most important thing is to have a high savings rate since that is the only way to be rich. Having a high income level can make one LOOK rich but if you don't keep any of it, in the end, you will not BE rich.
If you save a little each month, over time, that amount will grow. Once you have a small amount of money that you can invest, then you will start to earn passive income. Passive income is the best because you don't have to work for it and it will compound until eventually you have a large amount of money. Then you will be truly rich and it won't matter whether you have a high income rate or a low one since you will have assets to support yourself without being concerned with income.
2007-01-14 21:28:37 · answer #2 · answered by Anonymous · 0⤊ 0⤋
high, why would you want a low one?
2007-01-14 16:29:17 · answer #3 · answered by tshark44 5 · 0⤊ 0⤋
It's important to be rich.
Being rich means you have more money than you need.
There are two ways to be rich. One is to get more money, till you have more than you need. The other is to need less money, till the money you already have is more than you need.
The first way is easier. You just have to be willing to tolerate more stress, suck up to more jerks in your company's management hierarchy, sacrifice your family to focus on your career, and learn how to manipulate people.
Thoreau was an expert at the second way. Read his book, "Walden" to learn how.
2007-01-14 16:29:00 · answer #4 · answered by x4294967296 6 · 0⤊ 0⤋
The more money you have, the more you have.
2007-01-14 20:36:01 · answer #5 · answered by Anonymous · 0⤊ 0⤋
i believe high....
2007-01-14 16:25:24 · answer #6 · answered by Lola 3 · 0⤊ 0⤋