I currently read "CREATING YOUR OWN DESTINY" by Patrick Snow (an international motivational speaker and an international bookseller. This principle of wealth is same with other book that i have read . Unless you learn how to become successful by using this principles , it is difficult for you to become wealthy .
Principle 1 : Business Ownership
-97 percent of financially independent American own businesses, which give them huge tax advantages.
Principle 2: Leverage Assets
Multiply your income potential through other people's effort, time, talent, education, and leadership through selective partnerships. This allows you to, in effect, earn 1 percent of the effort of 100 people rather than only 100 percent of your efforts.
Principle 3: Royalties and residual Income
Expend effort once, and then receive residual income for years. A book or software program is a good example : a bestselling book can sell for years and years, yet the author only wrote the book once.
Principle 4: Take advantage of trends
Positioning yourself in the right situation at the right time can make difference. How can you take advantages of up-and-coming trends ?
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