07:45 pm
22 October 2016

7 Lessons About Money From the World’s Richest People

The rich folks in the world think and act differently than everyone else. The thing is, a lot of the wealthiest people not only had to earn their wealth, but now they also have to add to it and maintain it. If you ever wanted to know how they achieved that sort of financial success, you have to start with what the rich know about money.

Here are seven things that the world’s richest people know about money.

1. Money equals freedom.

Kevin O’Leary, the successful Canadian businessman and investor on Shark Tank, once said that “Money equals freedom.”  That’s something that the rich realize. While money can’t buy freedom, having enough money to not only meet your basic needs, like food or shelter, it gives you the freedom to choose what you want to do, when you want to do it.

Tired of your boss or job? You’ll have the freedom to quit, if you want, which makes any job more palatable. Want to plan a vacation to Hawaii? No problem, you are personally choosing your hours and how early or late you will work. Want to launch a new business venture? You have the means and networking contacts to pursue this dream. What happens when you get sick? You can afford the best doctors and medical care.