How Rich Is Rich?
By Codi Morieta
Just how wealthy should a person be to be considered financially self-reliant? To the question "How Rich is Rich", there is no specific answer. It is likely that there will be a difference in opinion between two persons who may have the same financial status in life. We can expect an even obvious difference in answers between two persons who are not in the same financial status. Who Wants To Be Rich?
By Keishia Lee-Louis
Well you may not become a billionaire or even a millionaire, but research shows that marriage helps couples and individuals generate more income and wealth than singles, and even cohabitating couples. According to The Marriage Project researchers out of Rutgers University in New Jersey, "... People who marry become economically better off. Men become more productive after marriage; they earn between ten and forty percent more than do single men with similar education and job histories. Marital social norms that encourage healthy, productive behavior and wealth accumulation play a role. Some of the greater wealth of married couples results from their more efficient specialization and pooling of resources, and because they save more. Married people also receive more money from family members than the unmarried (including cohabiting couples), probably because families consider marriage more permanent and more binding than a living-together union..." |
I Want to be Rich But I Don't Know Why?
By Banjo Smyth
How many times have you heard someone say "I want to be rich"? Unfortunately 99% of people who I hear talking about how they want to be rich will NEVER achieve their goal. Why? When most people say 'I want to be rich' they don't actually believe that they can ever achieve this goal. Let’s face it, if they don't believe in themselves then what hope do they have of ever achieving anything. Why The Rich Can Make You Rich
By J Schipper
If you want to share in the riches of America's wealthiest citizens, it may be an excellent financial policy to buy shares in the companies that cater to society's upper income tier, Citigroup Smith Barney suggests. The brokerage firm gave this advice based on findings showing that the richest of the rich, who earn an average $302,000 (U.S.) or more per year, take up a disproportionately large piece of the money pie. Statistics from the 2004 Survey of Consumer Finances reveal that the richest 10 per cent of Americans make 43 per cent of earned income and own 57 per cent of U.S. net worth. By contrast, the poorest 40 per cent make only 10 per cent of the nation's total income. |
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