START WITH NOTHING
Starting with Nothing
Interestingly, almost everyone starts out the same in life—with little or nothing. Almost all fortunes in America (and worldwide) are first generation. This means that most individuals started with little or nothing and earned everything they own in their current lifetime.
The wealthiest people in America are almost all first-generation multibillionaires. This is the case with wealthy Americans such as Bill Gates, Warren Buffett, Larry Ellison, Michael Dell, and Paul Allen. Fully 80 percent of millionaires and multimillionaires started with little money, often penniless, and sometimes deeply in debt and with few advantages, such as Sam Walton, who died worth more than $100 billion. Why have these people been able to achieve so much when so many have achieved so little?
In their book, The Millionaire Next Door, Thomas Stanley and William Danko interviewed more than 500 millionaires and surveyed 11,000 more over a twenty-five-year period. They asked them why they felt they had been able to achieve financial independence when most of the people around them, who started at the same place, were still struggling. Fully 85 percent of this new generation of millionaires replied by saying something like “I didn’t have a better education or more intelligence, but I was willing to work harder than anyone else.”
Next page :- HARD WORK IS THE KEY
Interestingly, almost everyone starts out the same in life—with little or nothing. Almost all fortunes in America (and worldwide) are first generation. This means that most individuals started with little or nothing and earned everything they own in their current lifetime.
The wealthiest people in America are almost all first-generation multibillionaires. This is the case with wealthy Americans such as Bill Gates, Warren Buffett, Larry Ellison, Michael Dell, and Paul Allen. Fully 80 percent of millionaires and multimillionaires started with little money, often penniless, and sometimes deeply in debt and with few advantages, such as Sam Walton, who died worth more than $100 billion. Why have these people been able to achieve so much when so many have achieved so little?
In their book, The Millionaire Next Door, Thomas Stanley and William Danko interviewed more than 500 millionaires and surveyed 11,000 more over a twenty-five-year period. They asked them why they felt they had been able to achieve financial independence when most of the people around them, who started at the same place, were still struggling. Fully 85 percent of this new generation of millionaires replied by saying something like “I didn’t have a better education or more intelligence, but I was willing to work harder than anyone else.”
Next page :- HARD WORK IS THE KEY
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