2007-01-27 02:49:23 · 9 answers · asked by Jackie...boy 1 in Business & Finance ➔ Personal Finance
had work and long hours. People who have money are not lazy and will work 24 hours a day if they have to. They are educated people. I have started to read a lot of books on money. Very usefull information.
2007-01-27 03:09:24 · answer #1 · answered by fleshy queen 3 · 0⤊ 0⤋
Simple - cash flow. Long-term real estate investors and business owners know that the key to their growth and survival is cash flow (actually free cash flow) - how much they could put in the bank each year after all bills are paid. They use that cash flow to buy more buildings or businesses or to expand existing businesses.
You never hear about it because most non-millionaires are stuck investing in mutual funds because their advisers don't really know much about business or because their advisers are busy focusing on bigger clients.
If you can change your perspective on investing and make it a business instead of a chore or necessary evil, you will find that Wall Street knows a lot about what it takes to grow their own businesses (free cash flow), but they can't promote that because they have to sell stocks of mediocre companies and mutual funds to you.
Check out the wikipedia article (below) and read the free articles linked at the end to understand free cash flow and why it is critical.
2007-01-27 11:34:07 · answer #2 · answered by JoePonzio 2 · 0⤊ 0⤋
They see a debt free life. I have never heard a millionaire say, "I built my forturne off my Discover reward points."
2007-01-27 13:15:42 · answer #3 · answered by tito_smootz 2 · 0⤊ 0⤋
Future potential profit
2007-01-27 11:30:45 · answer #4 · answered by dreamgirl 5 · 0⤊ 0⤋
The importance of education.
2007-01-28 00:03:41 · answer #5 · answered by sm4125 3 · 0⤊ 0⤋
More digits on the balance line of their checking account?
2007-01-27 11:19:02 · answer #6 · answered by what? 6 · 0⤊ 0⤋
Have you ever visited money.com in your life?
2007-01-27 18:53:59 · answer #7 · answered by Anonymous · 0⤊ 1⤋
a lot of money
2007-01-27 21:22:56 · answer #8 · answered by crazy b 3 · 0⤊ 0⤋
green!
2007-01-27 13:58:49 · answer #9 · answered by madmilker 3 · 0⤊ 0⤋